The role of proxy advisory firms and proxy plumbing in Canada could be set for a fundamental overhaul, following the publication of findings by the Capital Markets Modernisation Taskforce (CMMT).
In a wide-ranging remit, the taskforce has made …
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Investors could get more time to pore over a controversial new Department of Labor (DOL) rule that could have severe negative implications for US ESG investing, after two Democratic lawmakers have stepped in.
As it stands, the public have just …
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The European Commission has officially mandated the European Financial Reporting Advisory Group (EFRAG) to provide recommendations for updating non-financial reporting standards.
In an open letter, European Commission Executive Vice President Valdis Dombrovskis issued a request for technical advice to EFRAG …
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Greek companies will soon be mandated to meet a 25% female quota on their boards following a landmark decision for gender diversity.
The quota requirement has been included as an amendment to the bill transposing the EU Shareholder Rights Directive …
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Pension fund investors in the United States may need to prove allocations made under their environmental, social and governance policies are primarily aiming for a financial return should proposed new rules be enacted.
At the end of June, the Department …
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Swiss pharmaceutical giant Novartis, a current and former subsidiary, has agreed to pay a total of $346.7m to reach settlements with the US Department of Justice (DOJ) and Securities and Exchange Commission (SEC) following investigations into bribery schemes.
The DOJ …
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The committee tasked with reviewing the ethical framework of The Government Pension Fund of Norway, the world’s largest sovereign wealth fund, has proposed several changes to reflect “the evolution …
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As relations between the two super-powers becomes increasingly strained, the Chinese financial regulator has confirmed the country’s commitment to improving corporate governance amid the fallout of the US-listed Luckin Coffee scandal. …
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The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive.
The Autorité des marchés financiers …
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Senator presses SEC’s Clayton over “Main St” letters report
A US Senator has called on the head of the US financial regulator to provide an update on the status of its reports into “apparently fraudulent comment letters” that showed support for proposed new rules on proxy advice.
In a …
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