Tag: legislation
EU delays vote on corporate due diligence law
There are fears the European Council may not gain the required votes to pass the Corporate Sustainability Due Diligence Directive.
Campaigners rally to save EU corporate due diligence law
Germany’s threatened abstention from a key vote on Friday could lead the way to derail the new sustainability directive.
Regulator updates UK governance code
Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.
Big Four continue to dominate audit market
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.
Avoiding AI catastrophe is ‘beyond corporate governance’
It is ‘inevitable’ that the risks from artificial intelligence require public governance, according to a corporate governance expert.
Governance experts call for change in corporate law
Board duties should go ‘beyond their traditional role of representing shareholders’ interests’, writes a group of 15 academics.
UK government to review corporate takeover security law
The deputy prime minister seeks ‘flexible’ and ‘frictionless’ deals in cases where there are no security concerns.
Boards will need to make internal controls statement
Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.
Further delay for audit reform
Long-awaited legislation to create a new audit and governance watchdog may not see light until after the election, says news report.
Sustainability due diligence rules face EU debate
MEPs have voted through the EU Corporate Sustainability Due Diligence Directive, which is likely to be amended by ‘trilogue’ negotiations.