Government acts to prevent hostile foreign takeovers

Government acts to prevent hostile foreign takeovers The UK government is introducing a bill that aims to give it powers to investigate and intervene in potentially hostile foreign direct investment that threatens national security. Under the National Security and Investment Bill, foreign investors and businesses looking to buy British businesses in 17 key industries, such […]

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San Francisco votes to rein in CEO pay

San Francisco votes to rein in CEO pay San Francisco citizens have voted overwhelmingly for a new tax on highly paid CEOs. By a margin of 65-35, they voted to approve a ballot measure to increase taxes on corporations with extreme gaps between CEO and worker pay. Under the new law, any company whose top […]

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Guidance on China engagement issued to UK tech

Guidance on China engagement issued to UK tech The UK government has published new guidance to help businesses negotiate the ethical, legal and commercial questions they may encounter in China or when working with Chinese companies. The guidance sets out key issues digital and tech SMEs should consider as they weigh the benefits and risks […]

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London-listed companies need to start their net-zero journey

FCA confirms plans for TCFD rules from January London-listed companies need to start their net-zero journey All companies with a premium listing on the London Stock Exchange (LSE) will be required to make climate-related disclosures from January, the Financial Conduct Authority (FCA) has stated. Nikhil Rathi, the UK watchdog’s new chief executive, said listed companies […]

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UK government urges finance firms to make net-zero pledge

UK government urges private finance firms to make net zero pledge Finance is a central theme in the race to net zero The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future. Speaking at the Green Horizon Summit in London last week, UK business secretary Alok Sharma said […]

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Audit watchdog: UK companies must report climate disclosures

Audit watchdog: UK companies must report climate disclosures FRC to push companies to speed up on the race to net zero Companies are being urged to improve their reporting on climate change to meet the increased expectations of investors. On November 10, the UK’s Financial Reporting Council (FRC) called on public interest entities to report […]

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China and Russia join push on climate change action

China and Russia join push on climate change action International momentum is building around the race to net zero The impact of climate change seems to be resonating with the leaders of Russia and China who have committed to significant targets. President Vladimir Putin has signed a decree ordering Russia to work towards the goals […]

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Senate working group targets corporate governance reform

Senate working group targets corporate governance reform Four Democrat US senators have formed a working group with the aim of shifting corporate America away from shareholder capitalism. Elizabeth Warren (Massachusetts), Tom Carper (Delaware), Tammy Baldwin (Wisconsin) and Mark Warner (Virginia) want to develop legislative proposals and conduct oversight focused on reforming corporate governance. The group […]

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Minerva wins top industry award

Minerva wins top industry award Minerva has scooped an award from the International Corporate Governance Network (ICGN) for excellence in corporate governance. Minerva won the Excellence in Corporate Governance Award for 2020 after being selected by an independent panel of judges. The results were announced at the virtual ICGN Global Stewardship Awards ceremony on 5 […]

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UK government sets out sustainability standards for investment managers

The UK government has issued a new set of sustainable finance standards for investment managers. The new voluntary UK standard, PAS 7341:2020, sets out the requirements to establish, implement and manage the process of integrating responsible and sustainable considerations into investment management. It has been laid out by the national standards body, the BSI, in […]

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