From Polly Peck to Satyam, recurring audit failures have undermined investor confidence in corporate governance. The Institute of Chartered Accountants in England and Wales and the Financial Reporting Council hope to address those concerns through its newly published “Audit Firm …
Read MoreThe Korean Justice Ministry stated this week that Korea has ‘made hostile M&A attacks easy by removing a ceiling on foreign stock investments, but it has not had any means to prevent hostile M&A’. It has announced public hearings to …
Read MoreThe International Organization for Standardization (ISO) has issued its draft international standard for social responsibility ISO 26000. The guidance in ISO 26000 draws on best practices developed by existing public and private sector social responsibility initiatives, according to ISO.
ISO …
Read MoreWill Oulton is leaving his role as director of Responsible Investment at FTSE Group to join Mercer’s investment consulting business as European Head of Responsible Investment.
Oulton will start his new role at Mercer in May when he replaces Emma …
Read MoreMergers frequently result in large one-time payouts to executives of the acquired company, through change-in-control payments and acceleration of equity awards. Several recent mergers, however, have highlighted how significant those deferred costs can be for shareholders.
Executives at oilfield-services company …
Read MoreShareholders are getting used to Lord Myners, the UK’s Financial Services Secretary, exhorting them to act responsibly, but his speech at the National Association of Pension Funds recent corporate governance seminar reveals some new insights.
Drawing on remuneration surveys from …
Read MoreEuropean companies fail to link executive pay to environmental, social, and governance (ESG) performance according to new research published by Eurosif (European Sustainable Investment Forum).
The report, produced in association with an investor-led steering committee including Groupama Asset Management, Henderson …
Read MoreThe Financial Reporting Council has welcomed the recommendations of The Walker Report and confirmed its committment taking ownership of the proposed Stewardship Code, subject to consultation.
The FRC is set to issue a report on its own review of the …
Read MoreIt’s interesting to compare and contrast the approach taken by securities regulators in relation to complaints and investigations. Last week the Swiss regulator, SIX Exchange Regulation, announced that it had begun an investigation into possible breaches of the Directive on …
Read MoreFrench SICAV Proxy Active Investors is crying foul over the high handed dismissal of its proposal to separate the chair and CEO roles at Société Générale.
On April 7th 2010, PhiTrust, the managers of Proxy Active, and a group of …
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