Regulation
Audit, 31 July, 2019
Fines almost triple as regulators get tough with auditors
PwC and KPMG among the firms sanctioned, as the FRC expands enforcement and steps up the use of “horizon scanning” techniques to spot potential problems.
EU regulation, 30 July, 2019
GDPR: data protection rules seen as ‘burdensome’ one year on
The General Data Protection Regulation has had a mixed reception since its introduction in May 2018, according to a survey by ICSA: The Governance Institute.
Regulation, 16 July, 2019
Financial watchdog moves to strengthen audit ethics
Changes include a shorter list of permitted extra services and a stronger role for an “ethics partner” inside audit firms.
Climate disclosures, 2 July, 2019
FRC calls for better reporting of climate-related risks
The UK regulator has added its voice to the growing chorus of organisations urging companies to improve their disclosure of climate-related risks.
Regulation, 12 June, 2019
Revised EU Shareholder Rights Directive puts engagement in the spotlight
Comment: The EU’s revised Shareholder Rights Directive comes into force this week. But while some investment managers are embracing the opportunity to engage boards on ESG issues, others appear to be hoping they will go away.
Regulation, 28 May, 2019
FRC reveals increased budget as it prepares for transition
The Financial Reporting Council (FRC) has published its plans for the next year, which will see it focus on audit reform, diversity and corporate culture, as well as the transition to a new regulator.
Regulation, 25 April, 2019
Audit committees: increased scrutiny is the only certainty
A number of recent reviews have concluded that greater scrutiny of the audit process is necessary, after a series of high-profile corporate failures. But what shape will any legislation take? And how will changes to the role of the audit committee affect the board as a whole?
Regulation, 18 April, 2019
Audit committees face public reprimand as part of market reforms
The Competition and Markets Authority says regulators should punish audit committees, impose joint audits and force an “operational separation” of auditors from other parts of their firms .
Regulation, 18 April, 2019
Legal & Regulatory roundup
Legal and regulatory news from around globe, including the new UK stewardship code, clarification of Singapore M&A rules, new EU regulations for the gig economy and Facebook’s appeal against German data ruling.
Regulation, 29 March, 2019
What boards need to know about whistleblowing
Following a raft of corporate scandals uncovered by whistleblowers, the business risks associated with an individual revealing wrongdoing should not be underestimated in the boardroom.