Editor, Author at Minerva-Manifest

French issuer control of governance queried by AMF report

French regulator AMF has found that France is the only country where governance codes are drawn up by bodies representing issuers and where code amendment to its code are not subject to a prior public consultation on the website of …

Better audits need broader skills finds report

Changes may be needed to ensure audit teams have the right skills in the future and there needs to be an open and constructive debate on the future of audit findings from two international studies produced for the UK’s Financial …

Financial Disclosures Task Force outlines its approach to climate change

The Task Force on Climate-related Financial Disclosures set up by the Financial Standards Board has outlined the principles and objectives for its work. In its first report the Task Force said that despite a range of initiatives the existing climate-related …

Railpen’s Head of Corporate Governance Retires

Railpen veteran, Frank Curtiss, who was most recently been its head of corporate governance, has retired. The pension fund has been at the forefront of active institutional investment and was one of the first to vote actively on its equity …

UK’s FRC consults on new audit enforcement regime

With the EU’s audit regulation and audit directive coming into force in June the UK’s Financial Reporting Council (FRC) is consulting on its new audit enforcement procedure for audits of Public Interest Entities (PIE) – which include listed companies, credit …

Survey of American institutional investors finds low take up of ESG criteria in investment decisions

There is a low rate of adoption of environmental, social and governance (ESG) criteria in investment decisions among North American institutional investors according to a survey conducted by OFI Global Asset Management and Pensions & Investments.

The survey found that …

SEC says Exxon and Chevron must accept climate change shareholder proposals at annual meetings

The US Securities and Exchange Commission (SEC) has ruled that oil giants, ExxonMobil and Chevron, need to include shareholder proposals at their AGMs requesting information on the impact on their businesses of the policies on reducing carbon emissions and responding …

UK’s Investment Association explains how investors can boost productivity

The Investment Association (IA) has published an industry-wide Productivity Action Plan which it believes will boost the UK economy through long-term investment, helping to reverse the UK’s productivity problem. The action plan aims to encourage the provision of more long-term

Still work to do to break up old boy networks says UK’s Equality and Human Rights Commission

UK companies continue to use personal networks when recruiting board members, which acts as a barrier to women becoming directors, according to an inquiry by the Equality and Human Rights Commission.

The study found that while the overall target set …

New Zealand stock exchange provides update on corporate governance reporting review

The New Zealand Stock Exchange, NZX, is currently reviewing the responses to its recent consultation on proposed changes to corporate governance reporting requirements within the NZX Main Board Listing Rules.

One of the key concerns raised by respondents is the …