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Sports Direct AGM: Chairman gains majority backing from independent investors

In the run up to the Sports Direct AGM this week (6th September) there were calls for shareholders to vote against the re-election of its chairman, Keith Hellawell, amid concerns that he has not been strong enough in dealing with …

UK corporate governance reforms: Pay ratio disclosure to be mandatory

The UK government is to require companies to publish pay ratios between chief executives – based on their total remuneration – and their average UK worker. This was among the actions outlined in the government’s response to its corporate governance …

UK PM Theresa May goes to market on #corpgov reform

The UK government has signalled that it will taking a shareholder and stakeholder market-based approach to governance reform rather than introducing more rules on executive pay. According to early briefings reported in the on Financial Times (FT) and Daily …

Swiss companies see increased investor dissent

Investors in leading Swiss companies are increasingly prepared to vote against management, particularly over executive pay, according to research by the Ethos Foundation.

Ethos, a pension fund-led responsible investment foundation shows that amongst the 200 companies comprised in the …

UK FTSE 350 companies could still do more to tackle cyber security

Despite recent high profile cyber attacks more than two thirds of boards at the UK’s biggest companies have not received training to deal with a cyber incident (68%) according to the government’s latest cyber governance health check survey.

The …

UK’s leading boards still not diverse enough

The diversity of the leadership of the UK’s top 100 companies has risen but this has largely been driven by increased gender diversity while ethnic diversity has plateaued according to a report by executive search firm Green Park.

This …

UK consults on non-financial reporting

The UK’s Financial Reporting Council (FRC) has begun a consultation on amendments to its guidance on the strategic report which aims to improve non-financial reporting by companies. The guidance was originally issued in 2014 when strategic reports were introduced.

The …

AIM governance: Telit Communications fires CEO

AIM-listed Telit Communications has dismissed its chief executive, Oozi Cats, following the revelation that he had faced criminal charges and was on run from the US authorities. Yosi Fait, the financial director was appointed as interim chief executive.

Following …

Vanguard: Walden Asset Management ESG engagement success

Sustainable investment specialist, Walden Asset Management, has withdrawn a resolution due to be voted on at a Vanguard mutual fund meeting in November. The resolution had challenged the proxy voting records on shareholder resolutions addressing significant social and environmental

Toshiba: Auditors sign off accounts so Japanese company avoids delisting

Japanese company, Toshiba, which has been restructuring after admitting accounting failures in 2015 has published its annual report for 2016 after receiving a qualified opinion from its auditor, PWC Arata, which meant the firm avoided being delisted from …