Asset managers want the ISSB to include proposals for companies to report their impact on the environment.
While directors will face sanctions for inadequate company reporting and audit committee duties, other key reforms have been watered down.
US treasury secretary Janet Yellen is in Europe to push for agreement on the deal across 136 countries. But critics warn it misses the mark.
The UK will proceed with legislative plans for SDRs, including transition reports, after the proposals were missing from the Queen’s Speech.
Disney CEO Bob Chapek’s criticism of Florida’s “Don’t Say Gay” bill is a reminder that speaking out can have serious implications for boards.
Legal experts are highlighting a host of issues with the proposals, from scope and standards to a lack of protection for whistleblowers.
Corporate governance expert says ClientEarth will struggle to prove Shell’s directors did not consider the “wider interests” of the company.
Companies including Ikea, Danone and Aviva Investors have signed a letter calling on the EU to accelerate its work on human rights proposals.
Amnesty International and Oxfam are among 47 NGOs that have written to European Commission president Ursula von der Leyen demanding progress.
Tesco, John Lewis, Asos and the Co-op are among the firms calling for new UK laws mandating human rights and environmental due diligence.