Tag: finance
News round-up: this week in governance
Shared audit’s £1bn cost; failed UK energy firms had no internal audit; governance rules for all; is climate risk reporting an SEC matter?
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.
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.
MPs demand jail time for directors who fail to prevent fraud
MPs are tabling an amendment to the economic crime and corporate transparency bill to address ‘outdated and ineffective’ liability laws.
News round-up: this week in governance
Decarbonising ‘brown’ industries; funds pulled from BlackRock; the legitimacy of dual class shares; investors slow to address sustainability.
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.
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.
Why do narcissistic CEOs promise and fail?
A new study reveals that narcissistic chief executives tend to announce more share repurchases, yet not follow this course of action through.
Paying for sustainable performance
How do you align ESG and value? Linking incentives to ESG targets needs focus, empowerment and co-ordination, recent research finds.
Why CFOs need to engage with external stakeholders
Ignoring the demands of external stakeholders has the potential to significantly impact a company’s brand, public image—and therefore profit.