Tag: Greg Clark
Government to push ahead with new audit and governance watchdog
The government has launched a consultation on creating a new governance and audit watchdog with more powers, to replace the Financial Reporting Council (FRC).
Companies face new law demanding they justify pay gap
New laws will require companies to justify their pay gap and report on how their policies “act in the interests of employees and shareholders”.
‘Root and branch’ review of FRC launched by government
Business secretary Greg Clark has launched an independent review of the role of accounting watchdog Financial Reporting Council, over concerns that it “lacks teeth”.
Financial Reporting Council to face ‘competency inquiry’ by government
The Financial Reporting Council faces a government-backed independent inquiry into its operations, as revealed during the Carillion investigation.
UK directors and shareholders face tougher post-insolvency regulation
The UK’s business department wants stronger investigative powers and punishments against directors post-insolvency, while setting a path for more active and responsible shareholder stewardship.
Government response to Taylor Review ‘shies away’ from key issues
A series of measures designed to protect workers’ rights—particularly those in the gig economy—have been announced by the UK government in its response to the Taylor Review of Modern Working Practices.
ICGN calls for inclusion of buy-backs in governance code
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.
Pearson tops list of shareholder revolts on remuneration
New public register names and shames companies over the largest shareholder revolts against executive pay.
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.
Governance reform expands reporting obligation of large UK firms
Large private businesses will be obliged to report on responsibility and their impact upon employees and the wider world, under the government’s follow-up on its green paper.