Tag: legislation

Investors call for sustainability standards to take in ‘double materiality’
Asset managers want the ISSB to include proposals for companies to report their impact on the environment.

Government publishes response to audit reform proposals
While directors will face sanctions for inadequate company reporting and audit committee duties, other key reforms have been watered down.

Global minimum corporate tax rate negotiations ‘need a fairer forum’
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.

Government confirms commitment to sustainability disclosure requirements
The UK will proceed with legislative plans for SDRs, including transition reports, after the proposals were missing from the Queen’s Speech.

Politics in the Magic Kingdom: Disney, DeSantis and LGBTQ+ rights
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.

EU’s human rights and sustainability law faces criticism from academics
Legal experts are highlighting a host of issues with the proposals, from scope and standards to a lack of protection for whistleblowers.

ClientEarth’s climate case against Shell ‘likely to fail’
Corporate governance expert says ClientEarth will struggle to prove Shell’s directors did not consider the “wider interests” of the company.

Companies protest delay in EU human rights due diligence legislation
Companies including Ikea, Danone and Aviva Investors have signed a letter calling on the EU to accelerate its work on human rights proposals.

NGOs challenge European Commission on delay to human rights law
Amnesty International and Oxfam are among 47 NGOs that have written to European Commission president Ursula von der Leyen demanding progress.

Top UK companies push for mandatory human rights due diligence
Tesco, John Lewis, Asos and the Co-op are among the firms calling for new UK laws mandating human rights and environmental due diligence.