Governance
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NEWS: Audit reform, 6 November, 2023
Big Four firm in late plea for audit reform
Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.
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COMMENT: Audit reform, 6 November, 2023
An uncomfortable U-turn on audit reform
The government’s bonfire of the regulations expected for audit reform creates a source of uncertainty for business.
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NEWS: AI safety, 2 November, 2023
Bletchley forum calls on companies to play a part in AI safety
Artificial intelligence must be ‘governable’ and 'used for good', says a declaration from 28 countries represented at the AI Safety Summit.
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INSIGHT: Governance, 1 November, 2023
How to prevent overboarding
Why it may be counterproductive to place a hard cap on the number of board positions a non-executive director can hold.
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NEWS: Audit reform bill, 30 October, 2023
MPs and Lords call for audit reform bill in King’s Speech
Delays to audit reform prompt parliamentarians to push for its inclusion in government's legislative agenda despite signs of it being postponed.
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COMMENT: Audit reforms, 25 October, 2023
Ditching audit reforms will ‘diminish’ UK reputation for reporting
We will continue to argue for and support improvements to corporate reporting (and to audit quality and to audit oversight) in the UK, to ensure that the UK continues to be a world leader in this really important area.
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NEWS: Governance, 24 October, 2023
Reversal on audit reform makes ‘little sense’
Investors react to the government's U-turn on proposed measures prompted by the collapse of Carillion in 2018.
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NEWS: Diversity, equity and inclusion, 20 October, 2023
Number of minority NEDs drops
Although there is some progress in diversity in other board roles, research suggests that boards are prioritising experienced directors.
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NEWS: Audit reform, 18 October, 2023
UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.
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NEWS: Audit reform, 16 October, 2023
Audit reform changes will increase ‘pressure’ on boards
Implementing managed shared audit would put a burden on audit committees, a recent panel discussion concluded.
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ESG compliance, 13 October, 2023
Banks must pay ‘close attention’ to ESG
Regulators have expressed concern about sustainability linked loans and ‘greenwashing’, a recent panel discussion revealed.
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NEWS: Audit fines, 13 October, 2023
Record fine for KPMG over Carillion audit
In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.
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NEWS: Mergers and acquisitions, 10 October, 2023
M&As are damaged by ‘ESG amnesia’ in the US
Researchers find ESG policies get conveniently forgotten when the stakes are high, citing the sale of Twitter as a case in point.
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NEWS: UK Corporate Governance Code, 5 October, 2023
Business relays UK Corporate Governance Code concerns
Responses to the FRC’s consultation on its proposals highlight practical concerns about implementation and compliance.
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NEWS: Ethics, 3 October, 2023
Boards urged to establish an ethical culture
The Institute of Business Ethics is sending a clear message to the many FTSE 350 companies that lack an accessible ethics code.
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NEWS: Governance, 28 September, 2023
Review reveals leadership failure at PwC Australia
Investigation into confidentiality leak finds ‘excessive’ power at the top and says poor decisions added to initial wrongdoing.
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COMMENT: Governance, 26 September, 2023
Are boards losing control?
We need to ensure that regulations do not inappropriately reduce a board’s ability to take decisions in the best interests of the company.
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NEWS: Audit reform, 25 September, 2023
Labour commits to audit reform legislation
Shadow minister for business, Jonathan Reynolds, says Labour will push through audit reform when in office.
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NEWS: AGM trends, 21 September, 2023
Say-on-pay votes lack link to sustainability
Very few investors use their AGM votes on executive pay as a spur to improve the company’s ESG performance, research shows.
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NEWS: Governance, 14 September, 2023
G20 backs OECD corporate governance principles
The world’s leaders get behind the OECD’s revised guidance, which includes sustainability disclosure responsibilities.