Stephen Haddrill, FRC

30 November, 2017

FRC: We should have moved more quickly on KPMG/HBOS audit inquiry

Accountancy’s watchdog has admitted that it should have taken a more “proactive approach” in delving into KPMG’s work as auditor of failed bank HBOS. A Financial Reporting Council (FRC) rep...
Rio Tinto

27 November, 2017

Investor ire sees Sir Mick Davis’s Rio Tinto chairmanship plan shelved

Investor agitation has forced Rio Tinto to backtrack on plans to appoint Conservative Party CEO Sir Mick Davis as chairman. The Investor Forum, a group of shareholders which represents some 20% of ...
procurement, tenders

22 November, 2017

Tenders may face investigation on intra-group collusion

Companies that are part of the same corporate group which are tendering separately in public tenders may need to prove absence of collusion, the EU Advocate General has ruled. In his
Doha, Qatar, Gulf

20 November, 2017

Governance in the Gulf still lags behind global peers, says S&P

The risks of intervention by family owners or the state in the running of Gulf-based businesses means governance is still a “critical weakness” in the region, according to S&P Global Ratings. ...
Whistleblowers, Whistleblowing

15 November, 2017

Italy introduces law to protect whistleblowers

A new law designed to protect whistleblowers who report crimes or irregularities witnessed at their workplace in the public and private sectors has been approved by Italian lawmakers. Draft law C. ...

13 October, 2017

New EBA guidance published on Brexit relocations

  An Opinion setting out recommendations for...
Tbilisi, Georgia

10 October, 2017

Corporate law in Georgia to boost transparency and shareholder protection

Amendments to Georgia’s Law on Entrepreneurs impose new requirements for single-member companies and strengthen the pre-emption rights of shareholders. Georgia's legal reform commitments stem fro...
legal, regulation, compliance

27 September, 2017

Changes in rules of business bring greater challenges, say SMEs

Three-quarters of business owners think the rules of doing business have altered dramatically in the past year, according to new research, with increased competitor activity, more data-driven decisio...
EU, European Union, European Commission

5 September, 2017

European commissioner to publish company law initiative in November

The European commissioner for justice has told a corporate governance conference in Tallin that she expects to table proposals for a company law initiative, which would facilitate cross-border busines...
FRC, audit

31 August, 2017

FRC updates mission statement and website to improve transparency

The UK’s governance regulator has set out its mission as “promoting transparency and integrity in business”, as part of an update of its image. The Financial Reporting Council (FRC) has