Finance
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NEWS: Investment risk, 20 March, 2023
Larry Fink puts focus on finance and inflation
Although BlackRock’s CEO does not mention the term ‘ESG’ in his annual letter, he highlights the investment risks posed by climate change.
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NEWS: Board size, 7 March, 2023
Performance declines as boards grow in size
Researchers found that investment dropped by 2-3 percentage points as companies passed from 12 to 16 board members.
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NEWS: ESG-linked pay, 1 March, 2023
‘Easy’ carbon targets keep executive pay high
Executives get ESG pay-outs despite ‘inadequate progress’ on carbon emissions, London Business School research suggests.
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NEWS: Sustainability due diligence, 28 February, 2023
BNP Paribas faces climate lawsuit over sustainability due diligence
NGOs join up to pursue bank through the courts for failing to comply with French law on human rights and sustainability due diligence.
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NEWS: Audit reform, 26 January, 2023
Audit reform in the UK risks ‘losing momentum’
The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.
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NEWS: Legal and regulatory, 28 December, 2022
FRC publishes its draft three-year plan for 2023 to 2026
As the FRC looks to its transition to ARGA, it sets out its priorities, including standards, supervision, enforcement and corporate services.
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NEWS: Legal and regulatory, 23 December, 2022
FRC advises on what makes a good annual report and accounts
Key characteristics for a high quality annual report and accounts include accuracy, consistency and qualitatively/quantitively material data.
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NEWS: Legal and regulatory, 17 December, 2022
FRC announces areas of supervisory focus for 2023/24
For reporting reviews and audit inspections, the FRC will prioritise sectors considered to be at higher risk from economic pressures.
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INSIGHT: Risk management, 1 December, 2022
Risk: beware the leadership clique
The rapid collapse and bankruptcy of huge cryptocurrency exchange FTX carries a salutary lesson about the need for challenge on every board.
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COMMENT: Audit reform, 25 November, 2022
Why we need audit reform right now
There is an "urgent need" for reform to the audit landscape as well as internal audit, the Chartered IIA argues.
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INSIGHT: Executive pay, 21 November, 2022
Why are ‘ethical’ executives still highly paid?
The way the labour market works—or fails to work—presents a dilemma for remuneration committees when it comes to executive pay.
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NEWS: Executive pay, 10 November, 2022
IA publishes guidance on executive remuneration for 2023
The Investment Association has updated its guidance and advises that NEDs’ time commitment and role complexity be reflected in their fees.
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NEWS: Governance, 10 November, 2022
FRC unveils new audit committee standards
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.
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NEWS: Audit reform, 31 October, 2022
Years after Carillion’s collapse, the UK still waits for audit reform
Researchers say inquiry focused on apportioning blame to individuals, rather than investigating the regulatory system.
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NEWS: Legal and regulatory, 28 October, 2022
FRC reviews corporate governance reports 2021-22
The watchdog found the quality of reporting to be good, but there were many areas of concern, including cash flow statements.
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NEWS: ESG reporting, 14 October, 2022
TCFD publishes its 2022 status report
Since the TCFD published its recommendations in 2017, many more companies have risen to the challenge. But ‘urgent progress’ is still needed.
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NEWS: ESG investment, 13 October, 2022
Experts clash over ESG investment ‘agenda’
US professor slates PRI for ‘undue influence’ on the financial markets, while PRI maintains the need to inform investors on ESG.
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NEWS: Legal and regulatory, 12 October, 2022
FRC publishes advice on reporting on net zero commitments
The FRC Lab’s report contains practical recommendations on meeting investor expectations about net zero disclosures in financial reports.
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NEWS: Legal and regulatory, 26 September, 2022
FRC publishes report on improving structured digital reporting
Companies are encouraged to take more ‘ownership and responsibility’ when adhering to the new rules on structured electronic reporting.
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NEWS: Legal and regulatory, 25 September, 2022
FRC reviews reports on earnings per share and deferred tax assets
The FRC's thematic reviews show examples of good practice for informative, transparent disclosure in line with IAS 33 and IAS 12.