The ICGN’s policy director has called for the inclusion of share buy-backs in the UK’s corporate governance code, which the government is currently reviewing.
Rio Tinto backtracks on plan to appoint Sir Mick Davis as chairman, after an influential group representing a large tranche of shareholders expresses concern.
Sir Mick Davis, who was a key figure in Xstrata’s merger with Glencore, could return to the fray as Rio Tinto chairman, according to reports.
Thomas Albanese, Guy Elliott and Rio Tinto face a civil charge of fraud by the SEC over alleged failure to inform markets of plummeting asset values. Elliott also quits the Royal Dutch Shell board.
Clear disclosures about the effect of major new accounting standards, alongside better linkage between strategy, KPIs and remuneration, are areas under the gaze of the Financial Reporting Council.
Accounting’s watchdog ends investigation into PwC’s audit work at Barclays, deciding there is “not a realistic prospect” of an adverse finding.
Following the departure of CEO Oozi Cats, Telit seeks a new chairman and non-executives; an external review of finances; and cost-cutting, as covenant test looms.
Governance expert Guy Jubb calls on non-executives to consider ethics and culture in their “critical role” of helping produce true and fair financial reports.
Large UK companies will be obliged to reveal payment practices in a bid to increase transparency and help small business suppliers negotiate fairer terms.
Watchdog’s annual review of financial reporting reveals improvements are underway but reports can lack balance.