Tag: finance
Tesco agrees £129m penalty over accounting scandal
Retailer reaches deferred prosecution agreement with Serious Fraud Office, and agrees compensation for shareholders over 2014 accounts which overstated profits by £250m.
Executive pay: time to revolutionise a faulty system
Executive pay is a minefield for both companies and directors, but research suggests we need a fresh approach so that remuneration is fairly structured.
Legal and regulatory roundup: Asia
Legal and regulatory roundup from the Far East: new stewardship code in India, Hong Kong money-laundering measures, Singapore reviews governance code, China beefs up anti-corruption laws.
Reforms mooted for UK IPO process
The UK IPO process is set to be reformed, as the Financial Conduct Authority proposes changes to improve prospectuses and alleviate the risk of conflicts of interest.
Draft EU tax directive on ‘hybrid mismatches’ agreed
A draft Directive regarding “hybrid mismatches” with third countries’ tax systems has been agreed by the Council of the EU.
Audit committees and the environment
Higher audit quality committees produce higher quality environmental disclosures, according to a new study.
Watchdog to review audit firm governance and culture
Regulator concerned that in dealing with “perceived” conflicts of interests not all auditors are acting in investors’ best interests.
What’s behind the rise in shareholder class actions?
Many unhappy shareholders opt for class action to settle their grievances. But what role does an overconfident chief executive play in causing these?
Churches warn FTSE 350 of ‘unjustified’ pay policies
Church investors enter the fray over executive pay with a warning to the UK’s largest companies.
Investors reveal concern over audit tender exclusions
Watchdog says investors do not want firms shut out of the audit tendering process if they already provide services to a client.