Regulation
Modern slavery, 4 October, 2017
Modern Slavery Act: guidance updated on how business should comply
The UK government has updated its guidelines on how businesses should comply with the Modern Slavery Act, part of which requires organisations to develop an annual slavery and human trafficking statement.
Corporate crime, 3 October, 2017
Corporate tax evasion crimes added to Criminal Finances Act
Failure to prevent the facilitation of UK and foreign tax evasion have been implemented as new corporate offences under the Criminal Finances Act.
Diversity, 28 September, 2017
European banking authorities urge greater diversity among managers
European financial institutions should improve the diversity of their management bodies to overcome the risk of ‘group think’ and ensure sound governance, say European banking authorities in new guidelines published this week.
Business regulation, 27 September, 2017
Changes in rules of business bring greater challenges, say SMEs
Three-quarters of business owners think the rules of doing business have altered dramatically in the past year, according to new research – and with that unprecedented challenges lie ahead.
London Stock Exchange, 26 September, 2017
Financial watchdog defends change to listing rules
The Financial Conduct Authority says changes to the listing rules to allow sovereign-owned companies will be “transparent and safe”.
Takeover rules, 21 September, 2017
Takeover Panel moves to protect British-based R&D with tougher rules
Regulatory body The Takeover Panel sets out plans to introduce more transparency in pledges made by parties involved in a takeover, a move flagged by the Conservatives in their 2017 manifesto.
Corporate governance Netherlands, 20 September, 2017
Dutch directors’ association calls for trust-based governance
The Dutch Association of Directors has urged the Dutch government to consider a new approach to corporate governance that is based on trust, to help enable “chance and change”.
EU industrial policy, 20 September, 2017
European Commission unveils comprehensive industrial policy strategy
Cybersecurity, cross-border data flows and tougher protection of the environment are among the priorities in the new EU industrial policy.
Banking, 20 September, 2017
Audit firm KPMG cleared over HBOS audit after 2007 financial crisis
Investigation into audit of HBOS by Big Four audit firm KPMG is closed after regulator finds KPMG’s work “did not fall significantly short” of expected standards.
Compliance management Germany, 19 September, 2017
Germany: compliance management system can reduce fines, court rules
The German Federal Court of Justice has ruled that establishing a compliance management system, which aims to stop legal breaches, can reduce fines levied on companies under Section 30 of the Administrative Offences Act.