Tag: legislation
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.
Hybrid AGMs maximise shareholder participation
Avoid virtual-only annual general meetings: although pragmatic in an emergency, they water down shareholders’ rights.
Investor body warns against virtual-only annual general meetings
Virtual-only AGMs can damage shareholders’ rights and reduce accountability, according to the International Corporate Governance Network.
Companies lobby Brussels for due diligence unity
A letter to the European Union asks that definitions in the coming directive are consistent with guidelines from the UN and OECD.
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.