Tag: UK
Campaigners urge FRC to name and shame failing audits
Transparency groups including Greenpeace UK say failing to disclose the audits involved “risks creating a general lack of confidence in all audit opinions”.
Company law ‘should place purpose at the centre of business’
Report from the British Academy calls for new regulatory powers that would enable watchdogs to hold directors to account.
Introduction of dual-class shares could create ‘unsackable CEOs’
“Making directors irremovable, for any length of time, will damage British innovation and damage corporate governance” says Oxford law expert.
Audit reform 2021: implications for board oversight of risk management
As UK government proposals increase responsibilities for directors, our latest podcast discusses the impact on internal controls and dividends.
Companies with CEOs that focus on culture ‘have higher growth rate’
Survey reveals relationship between chief executives that intentionally target their company’s culture and company performance.
Audit reform consultation set to close as dissenting voices emerge
Lack of ownership reform and plans to extend the definition of “public interest entity” have drawn criticism from prominent figures.
UK and EU companies lead the US on ESG targets in pay deals
Study reveals 95% of UK and EU firms include ESG metrics in executive compensation plans, compared with 22% of US corporates.
Governance safeguards ‘detrimental’ to dual-class share proposals
Swedish academics warn that measures proposed by the Hill Review won’t be effective—and may hinder the benefits of dual-class shares.
Climate reporting requires ‘shift in approach’ to reflect TCFD principles
Study reveals just 154 UK firms made any reference to the Task Force on Climate-related Financial Disclosures (TCFD) in their 2020 reporting.
Audit white paper proposes new powers for regulator to sanction directors
Observers warn that proposals to increase the accountability of directors for audit and internal controls could deter candidates.