Tag: UK
Dual-class shares come a step closer in the UK as Lord Hill issues review
The report recommends pushing ahead with dual-class shares on the London Stock Exchange, with a consultation on the proposals to follow.
Dual-class shares: “Solutions exist to mitigate the governance risk”
Academic says existing governance measures could offset the risks of boosting the voting rights of some share owners over others.
UK to review dual-class shares as part of consultation on listings
Chancellor Rishi Sunak has included dual-class shares in a review of UK listings, with the ICGN warning that they risk lowering governance standards.
UK seeks powers to block foreign investment on national security grounds
The proposed Bill will present a potential hurdle for boards looking at investment or acquisition from an overseas suitor.
Share buybacks criticised for ‘short-term self-enrichment’ of executives
Analysts say that increasing corporate debt is often tied to share buybacks, which in turn relates to the sale of stock by executives.
Only 8% of UK businesses have ‘fully-fledged’ climate risk plan
KPMG report reveals firms’ lack of concrete climate risk plans and urges “more immediate action at boardroom level”.
BDO client increase sees it overtake KPMG in UK auditor rankings
Signs of change at the top as BDO is ranked second only to PwC by number of listed clients—although FTSE 100 audits remain the preserve of the Big Four.
Fall in number of boards that ‘discuss ethics on a regular basis’
Research from the Institute of Business Ethics reveals that ethics, values and culture are struggling to find a home at the top of boardroom agendas.
Pushback on buybacks as global brands postpone plans
Both WPP and Adidas have delayed plans to employ the controversial capital management tool, reflecting ongoing concerns in the UK and US about its use.
FRC warns firms to be candid about prospects of corporate failure
Watchdog says investors expect companies “to articulate their expectations of the possible impacts on their specific business” amid Covid-19 crisis.