Regulation
NEWS: Corporate reporting, 12 November, 2020
FRC says climate disclosures are ‘failing to meet investor expectations’
Review by the UK regulator finds there is “little evidence” that business models and strategy are being influenced by climate considerations.
NEWS: Corporate governance, 3 November, 2020
Brussels pushes ahead with project for new European governance
Consultation adds new obligations on human rights and stakeholder interests to a raft of measures encouraging long-term value creation.
NEWS: Research, 26 October, 2020
Legal CSR measures are ‘fraught with conceptual contradictions’
There is growing global enthusiasm for corporate social responsibility (CSR). But a new study says legislation can bring its own problems.
NEWS: Financial disclosures, 22 October, 2020
FRC issues further warning over Covid and corporate reporting
The watchdog is maintaining pressure on companies to be transparent in reporting the impact of the pandemic on their prospects.
NEWS: UK audit market, 14 October, 2020
BDO now biggest auditor in the UK by number of listed clients
‘Challenger’ firm BDO now has 310 audit clients across the AIM and the FTSE main market, to Big Four leader PwC’s 307.
NEWS: Corporate reporting, 9 October, 2020
FRC proposes ‘public interest report’ to highlight stakeholder issues
The UK watchdog calls for a “more agile approach” to corporate disclosures, with separate business, finances and public interest reports.
NEWS: Regulation, 29 September, 2020
ICAEW report reveals a quarter of non-PIE audits require improvement
Problems cited include “insufficient scepticism and challenge of management”, poor documentation and failure to test management forecasts.
INSIGHT: Board responsibilities, 11 September, 2020
How directors should manage AI, GDPR and data privacy risks
Senior management need to have policies, processes and people in place to address data protection risks arising from AI and GDPR.
NEWS: Supply chains, 8 September, 2020
Corporate support builds for mandatory human rights due diligence
Companies including Adidas, Nestlé and Ericsson have pledged their backing for “new binding standards which benefit all”.
NEWS: Regulation, 7 September, 2020
US rule change sets up clash with proxy advisers
The US Department of Labor has proposed new rules that could undermine the ability of proxy advisers to vote on non-financial issues such as ESG.