SEC, Securities and Exchange Commission

23 August, 2019

New SEC guidance increases pressure on proxy advisers over disclosures

For those who campaigned for tighter regulation, it will be viewed as a victory. The top financial watchdog in the US has issued a document that will up the pressure on proxy advisers to disclose more...
proxy advisers, stock markets, share

12 November, 2018

Battle for the future of proxy advisers

Equating the current US debate over the future of proxy advisers to a civil war seems like a metaphor too far in the current febrile state of US politics. Some observers have, however, drawn the compa...
Elon Musk

1 October, 2018

Elon Musk drops Tesla chairman role; and IG CEO leaves board

Tesla Founder Elon Musk (pictured) has agreed to step down as chairman, in a settlement with the US markets regulator over announcements he made on social media that saw the tech company’s...
SEC, Securities and Exchange Commission

29 June, 2018

SEC accused of ‘discouraging’ executive whistleblowers

The Securities and Exchange Commission, the US's toughest financial watchdog, has been accused of undermining whistleblowing by proposing to reduce the rewards available to those who reveal wrongdoing...
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 ...
Rio Tinto

14 November, 2017

Conservative Party CEO lined up for mining return with Rio Tinto

Conservative Party chief executive Sir Mick Davis could be set for a return to the mining industry, with reports suggesting he will take over from Jan Du Plessis as Rio Tinto chairman. Sir Mick was...
Audit stamp, audit quality, auditor reporting

3 November, 2017

SEC approves enhanced auditor reporting and communication

The US markets regulator has approved new audit rules that will increase the level of information provided by auditors about the work they’ve undertaken. Communication of "critical audit matters"...
SEC, Securities and Exchange Commission

3 November, 2017

US watchdog raises hurdle for shareholder votes

The Securities and Exchange Commission (SEC), the US financial watchdog, has beefed up the guidance for shareholder proposals, potentially making it easier for companies to resist votes on social or e...
Rio Tinto

19 October, 2017

Ex-Rio Tinto CEO and CFO charged with fraud over ‘inflated’ asset values

The former CEO and CFO of Rio Tinto have been charged with fraud by the US Securities and Exchange Commission (SEC), after allegedly inflating the value of its ill-fated Mozambique coal mine acquisiti...
Wall Street, US

18 April, 2017

Legal & General to vote against all-male US boards

All-male boards in the US will see the UK's biggest fund manager vote against them in a move to up the ante on boardroom diversity, according to a report in the Financial Times.