Tag: Spring 2017
UK governance needs radical overhaul to make business ‘purposeful’
Think-tank issues 22 recommendations calling for change to governance, asset managers and accountancy.
FRC to launch ‘fundamental’ review of UK governance code
Financial Reporting Council will review UK Corporate Governance Code once outcome of government’s own reform consultation is complete.
RBS rejects call for shareholder committee
Bank turns down request for shareholder committee in favour of engagement with employees, customers and suppliers.
US investors reveal deadline for new governance principles
Investor group managing $17trn starts countdown to implementation of new governance guidelines, including the end of dual class shares and the introduction of annual votes for board re-election.
Legal and regulatory roundup
Legal and regulatory news from around the globe: Shareholder Rights Directive, payment practices, watchdog’s request for new powers, and risk and due diligence.
Inadequate supplier monitoring puts large firms at risk
Due diligence carried out by global firms on their suppliers, distributors and third-party relationships is not high enough, says report.
Shareholder Rights Directive changes agreed by EU
Shareholder Rights Directive to be amended, in order to strengthen shareholder engagement and increase transparency.
Great Repeal Bill planned after Brexit to replace EU laws
The UK government plans to implement a “Great Repeal Bill” following the UK’s official withdrawal from the EU, which would replace or remove all EU laws.
New gender quotas come into force for large French companies
Large French companies will now be required to have at least 40% of female board members.
How conflict makes for effective boards
Harmonious boards may not be the most effective. Eelke Heemskerk explores why the right kind of conflict can improve your board performance.