Governance
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Corporate governance Australia, 9 July, 2018
Solving deep problems with corporate governance requires more than rearranging deck chairs
What is really required to fix Australian corporate governance is wholesale change in prudential regulation, corporate law, competition law, and electoral law, writes Andrew Linden.
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Audit, 9 July, 2018
Competition regulator asks Big Four to look for ways to change audit market
Reports suggest that the Competition and Markets Authority has already met with Big Four leaders to discuss audit market change.
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Corporate governance Netherlands, 4 July, 2018
Institutional investors’ group publishes Dutch stewardship code
The Netherlands’ first stewardship code emphasises the role shareholders can play in creating long-term value creation in Dutch-listed companies.
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Social media, 3 July, 2018
Zuckerberg under fire over Facebook governance
Shareholders reportedly seek an independent chairman and a reform of voting rights at the social media giant.
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Audit, 3 July, 2018
KPMG under further scrutiny over audit of booze business
Big Four audit firm faces yet another investigation of its work, this time over the collapse of wine business Conviviality.
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Audit firms, 2 July, 2018
KPMG chief concedes that public trust in audit is waning
KPMG's UK head Bill Michael suggests that the audit market needs to change if public trust is to be maintained.
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Corporate governance, 26 June, 2018
French business groups adopt revised governance code
Business groups in France have opted for a tougher governance code for private companies and entrepreneurs after public criticism for big payouts to executives.
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Auditors, 19 June, 2018
Watchdog spotlights KPMG for ‘deterioration’ in audit quality
The Financial Reporting Council has highlighted a worsening in audit quality at KPMG as reports that audit standards across the Big Four firms has fallen.
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Regulation, 18 June, 2018
Executives warned of action using senior managers regime
Prudential Regulatory Authority warns it will act using the senior managers' regime where executive behaviour is found to be wanting.
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Company law, 18 June, 2018
Lawful impediment: company law and insider control
Does an increase in legal shareholder protection reduce insider control? Recent academic research finds that sometimes it does, but sometimes it does not.
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Governance, 13 June, 2018
Corporate governance principles for private companies published
New corporate governance principles for private companies is revealed as new reporting requirements are laid before Parliament.
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Quindell audit, 12 June, 2018
KPMG fined over audit work at Quindell
KPMG has been fined more than £3m and reprimanded for its audit work at insurance outsourcer Quindell.
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Data security, 12 June, 2018
Facebook’s fail: the ‘story’, the risks and the role of the board
Cambridge Analytica harvested the data of 50 million Facebook users to help swing the US presidential election, but amid the trend for corporate governance 'narratives', did Facebook's directors forget the chapter on ethics?
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Japanese stewardship and governance, 11 June, 2018
Japan’s wave of governance reform is welcomed, and isn’t over yet
Abenomics—or “Japan’s Revitalisation Strategy”—is awakening the concept of investor stewardship and focusing the minds of Japan’s corporate elite on how to improve governance standards.
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Markets, 8 June, 2018
UK listings rules for sovereign companies to change
UK regulator clears the way for sovereign companies to list on the London Stock Exchange.
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AGMs, 6 June, 2018
Shareholder body advises against reappointment of Coca-Cola HBC chair
Shareholder advisory group PIRC says the drinks company's current chairman can not be considered independent.
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Financial services, 5 June, 2018
Commonwealth Bank faces record fine over money laundering failings
Australia's largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.
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Financial Reporting Council, 4 June, 2018
More powers for FRC receives scant support from company secretaries
A survey of company secretaries reveals that fewer than a third back the prospect of more powers for the UK's audit and governance regulator.
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Remuneration, 1 June, 2018
Remcos must be reformed to reign in executive pay
If executive pay is to be brought under control, a different approach will be needed for remuneration committees and strategic planning.
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Boardroom diversity, 31 May, 2018
FTSE 350 bosses give ‘pitiful’ excuses for failing to hit gender targets
One of the reasons given by FTSE 350 chairs and CEOs for failing to appoint women on to boards is “we have one woman already on the board, so we are done..."