Australia has toughened up banking regulation after its upper house, the Senate, passed a law which gives its financial regulator, the Australian Prudential Regulatory Authority new powers, including the ability to cap bankers’ pay.
Under the Treasury Laws Amendment (Banking …
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Paul Polman, chief executive of Unilever, Hiro Mizuno, chief investment officer of the Japanese Government Pension Investment Fund and Brenda Trenowden, global Chair of the 30% Club, opened the market at the London Stock Exchange on Friday (2nd February) …
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The UK government has commissioned research into share buybacks with a particular focus on whether some companies are repurchasing their own shares to artificially inflate executive pay.
The government has appointed consultants PricewaterhouseCoopers to undertake the research into share buybacks …
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Corporate governance researcher Equilar has found a median chief executive officer (CEO) pay ratio of 140:1 following an anonymous survey of 356 US public companies. Equilar asked the companies how they plan to report on this in their 2018 proxy …
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Australia’s 2017 AGM season was significantly “less tumultuous” than the 2016 season, with fewer ‘strikes’ (a 25% vote against) on remuneration reports the Australian Securities & Investment Commission (ASIC) has reported.
Most Australian companies hold their AGMs in …
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The Labour Party has criticised the UK government’s choice of chair for its coalition group that will be developing corporate governance principles for private companies. James Wates CBE, chairman of Wates, a family-owned construction firm, chaired the first meeting …
Read MoreThe EU’s High-Level Expert Group (HLEG) on Sustainable Finance, set up by the European Commission in December 2016, has produced its final recommendations. The Commission has pledged that these proposals will form part of its sustainable finance action plan …
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The Pensions and Lifetime Savings Association’s (PLSA) 2018 corporate governance policy and voting guidelines have been published providing its members with examples of good stewardship practice and recommendations for key votes at the Annual General Meetings of their investee companies, …
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The House of Commons’ Work and Pensions and Business, Energy and Industrial Strategy Committees have launched a joint inquiry into the collapse of construction firm Carillion.
The select committees said they would be investigating how a company that was …
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