Japan, stewardship code, Abenomics

11 June, 2018

Japan’s wave of governance reform is welcomed, and isn’t over yet

The end game is a shared one between companies and investors—preserving and enhancing long-term corporate value, benefiting society as a whole and contributing to sustainable economic growth. [pu...
Drax power station, carbon emissions, coal

7 June, 2018

Why serious investors demand more than just climate disclosure

In 2014, when I first started engaging pension funds on the issue of climate change, a worrying number would respond that they could not take savers’ “ethical concerns” into account. Not only a ...
Cybersecurity, cyber-risk, cyber-attack, data privacy

4 June, 2018

Cybersecurity is a key corporate governance concern

Cybersecurity risk is real and pervasive as demonstrated by recent attacks t...
remuneration, remco, pay

1 June, 2018

Remcos must be reformed to reign in executive pay

When publishing the corporate governance reform green paper in 2016, UK prime minister Theresa May described the UK as an “established international leader in corporate governance”. Finalising ...
Executive pay, remuneration, high pay, ethics

1 June, 2018

Research reveals executives’ views on the ethics of high pay

That pay has grown is clear from the evidence. In 2015, the median total remuneration of FTSE 100 chief executives in Britain was around £4m. Adjusted for inflation, this is three times the average a...
Michael Herskovich, BNP Paribas

28 May, 2018

An asset to responsible investment: Michael Herskovich, BNP Paribas

While other asset managers may make bigger headlines, BNP Paribas Asset Management’s record on integrating social and environmental factors into their decision-making makes others look like latecome...
sustainability, environment, ESG, ethics, inclusive capitalism

25 May, 2018

How business can recognise the true value of people and communities

We need to fundamentally change how we recognise the true value of business. Today only 20% of the market capitalisation of companies can be explained by financial assets like cash or real estate. ...
share buybacks, investments, finance

23 May, 2018

Buyback mountain: why the rise in share buybacks is causing concern

Share buybacks are under suspicion. So numerous have they become that there is disquiet among policymakers that something is not quite right. At a time when investment levels remain low, the big ca...
Steven Baert

21 May, 2018

Culture at heart: Steven Baert, Novartis

Launch into a conversation about culture change at Swiss pharmaceuticals giant Novartis with Steven Baert, the company’s head of human resources, and you get a swift response. He’s happy with prog...
Big Four, PwC, Deloitte, EY, KPMG

18 May, 2018

The audit market concentration ratchet strengthens case for reform

Every few years significant concerns are expressed about the market for external audit services, which is dominated by the Big Four firms. Typically, these concerns are triggered by a corporate collap...