Governance
-
Revised remuneration policy, 5 December, 2017
Remuneration committees’ remit broadened under revised UK Code
Aligning wider workforce pay in relation to executive remuneration should be tasked to non-executives under a revised Corporate Governance Code, suggests the Financial Reporting Council.
-
FRC governance and process, 30 November, 2017
FRC: We should have moved more quickly on KPMG/HBOS audit inquiry
Accountancy's watchdog tells Treasury Select Committee it should have been more proactive in delving into KPMG's audit work of HBOS—but lessons have been learned.
-
Government policy, 27 November, 2017
Industrial strategy calls for improved reporting of capital allocation
Better reporting is needed to support "long-term" investment, says the UK government, but it is criticised for failing to mention human capital in its long-anticipated Industrial Strategy.
-
Audit and accounting, 22 November, 2017
Big Four accounting firms face £10m in fines for faulty audits
Report from accounting watchdog proposes lifting the maximum fines for Big Four audit firms to £10m or more in cases involving "seriously poor audit work".
-
Audit and accounting, 17 November, 2017
Watchdog to review reporting of Brexit risks
Financial Reporting Council will look at the disclosure of Brexit risks as part of its next thematic reviews.
-
Stewardship Code Japan, 13 November, 2017
Origins of investor stewardship and the Japan code
Abenomics brought a host of changes to Japan, not least the introduction of a new stewardship code for investors. The code is now being updated with new guidance, explains Kerrie Waring of the ICGN.
-
Succession, 10 November, 2017
Investors head for showdown with LSE board over CEO’s departure
Senior figures from The Children's Investment Fund are set to meet the London Stock Exchange board next week to discuss the departure of chief executive Xavier Rolet.
-
Corruption, 8 November, 2017
Rolls-Royce executives plead guilty to bribery charges
US Department of Justice publishes charges of foreign bribery against three former Rolls-Royce executives and two consultants.
-
Governance South Africa, 3 November, 2017
South Africa needs a stepped-up approach to governance
With South Africa's economy facing more tough times ahead, an increased focus on stewardship is vital. King IV should be used as a platform for good governance practices, argues Robert Lewenson.
-
Corporate governance, 3 November, 2017
View from the chair: Ken Olisa on good governance
The debate over good governance should be led by practitioners, not regulators, but companies need a deeper understanding of how their boards operate, says Ken Olisa of the Institute of Directors.
-
US audit reporting, 3 November, 2017
SEC approves enhanced auditor reporting and communication
The US markets regulator approves new standards, which will see auditors reveal their tenure with an organisation and more detail in their audit report.
-
Annual reports, 2 November, 2017
Firms fail to digitise bulky annual reports
Despite efforts to trim their bulk, the battle against the ever-increasing length of annual reports has been lost. Meanwhile, companies have also failed to take the opportunities offered by using digital formats, writes Kevin Reed.
-
Shareholder Rights Directive, 1 November, 2017
Advancing to a state of readiness: the new Shareholder Rights Directive
All parties in the shareholder communication chain need to prepare for the enhanced requirements of the new Shareholder Rights Directive—and try to influence its local implementation to encourage a harmonised approach. Broadridge’s Demi Derem and Elizabeth Maiellano highlight the key changes and challenges.
-
Board Essentials: Culture, 31 October, 2017
Twelve of the biggest mistakes boards make about culture
One of the most frequent mistakes boards make is failing to realise the importance of culture, but it isn't the only pitfall.
-
Annual reports, 23 October, 2017
Improve detail in corporate reporting, says watchdog
The UK reporting watchdog says corporate reporting is improving, but more detail and clarity is needed.
-
Diversity, 22 October, 2017
Female directors positively influence firms’ corporate social performance
To enhance the benefits of diversity for corporate social performance, efforts should be directed at holding boards more accountable to diverse stakeholders and improving the status of women, says Kris Byron
-
Good Governance Report, 18 October, 2017
Governance concerns the whole organisation, not just the board
The 2017 Good Governance Report paints a positive picture of the quality of boardroom decisions in our largest organisations, but the focus must now turn to ensuring that the writ of the board is driven down through the organisation.
-
Stakeholder engagement, 18 October, 2017
FTSE350 governance compliance rises, while stakeholder engagement low
FTSE350 companies are following the UK Corporate Governance Code, but details about stakeholder engagement and other governance areas are sketchy, finds Grant Thornton.
-
RBS compensation scheme, 17 October, 2017
MPs slam RBS chief for ‘extraordinary outburst’ against business owners
Parliamentary banking group heavily criticises RBS chief executive Ross McEwan for what it describes as "offensive comments" relating to owners of distressed businesses.
-
Governance ranking, 10 October, 2017
Diageo tops rankings in IoD’s good governance report
The Institute of Directors' annual ranking of listed UK companies for their good governance sees distiller lead the way.