Takeover Panel tougher rules

The UK’s Takeover Panel is consulting on a tightening of the rules for company acquisitions. Under the new rules firms making a takeover bid will make clearer statements of intent in respect of its future plans for the business that …

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Dutch stewardship code

A Dutch stewardship code has been drafted by a group of pension funds, insurers and asset managers led by Eumedion, which represents the views of institutional investors on corporate governance and sustainability issues in the Netherlands.

Eumedion, which is …

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South African auditor reappointments

Since announcing in June that a new mandatory auditor rotation rule would be introduced in 2023 South Africa’s Independent Regulatory Board for Auditors (IRBA) has surveyed the proxy voting results in respect of auditor re-appointments this year.

The IRBA said …

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United Utilities polluting fine

Water supplier, United Utilities, which has customers based in the North West of England, has been fined £666,000 and ordered to pay costs of over £32,000 after pleading guilty to polluting a river with untreated sewage effluent in Greater …

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ethical financial reporting

Company boards, particularly the non-executive director members, need to ensure they take an ethical and value-led approach to financial reporting according to the latest paper from the UK’s Institute of Business Ethics.

The author of the report Guy Jubb, former …

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climate change

Four major companies – Estée Lauder, Kellogg’s, DBS Bank and Clif Bar – have joined RE100 – the 100% renewable energy campaign for businesses, led by The Climate Group in partnership with CDP a week before Climate Week NYC 2017

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Pensions Climate Change PLSA

UK Pension fund governance and its regulation could learn lessons from corporate governance according to a discussion paper produced by the Pensions and Lifetime Savings Association (PLSA).

The PLSA argues that the regulation by The Pensions Regulator (TPR) is currently …

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Dutch stewardship code

The latest Dutch Female Board Index shows that the total numbers of female executive directors and the number of companies with female directors has fallen in the year to 31st August 2017 compared with the previous year.

The study of  …

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Shariah governance

The Securities and Exchange Commission of Pakistan (SECP) is consulting on a corporate governance code for the country’s listed companies which have been issued as draft regulations under the recently passed Companies Act 2017.

The SECP said the Listed Companies

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Vanguard engagement stewardship

Global investment firm Vanguard has written an open letter to the directors of public companies worldwide specifying its priorities that it will engage with firms about as part of its stewardship programme.

The letter, from its chairman and chief executive …

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