Toshiba auditors

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 …

Read More
banking

Two private investors are taking legal action against Commonwealth Bank of Australia (CBA) for failing to adequately disclose climate change risk in the bank’s 2016 annual report. The shareholders are being represented by Environmental Justice Australia which has filed a …

Read More
shareholder proposals US Chamber of Commerce

No, says veteran US corporate governance activist James McRitichie, In his blog, CorpGov.net, Jim emphatically rebuts the claims made in a paper recently published by the US Chamber of Commerce’s Center for Capital Markets Competitiveness which argues that the …

Read More
FRC climate "major review"

The UK’s Financial Reporting Council (FRC) has removed its tier three category of asset managers, which suggested they required improvement, in their adherence to its stewardship code.

The FRC launched an assessment in December 2015 of the signatories to …

Read More
Real Good Food AIM

AIM-listed Real Good Food has admitted to not disclosing payments to directors in its related parties transaction notes within its annual reports for three financial years from 2014 to 2016.

These notes should have revealed the payment of consultancy fees …

Read More
Deforestation shareholder resolutions

Investors are increasingly pushing some of the world’s biggest companies to commit to reducing their impact on the global forests, according to an analysis of shareholder resolutions put forward at US AGMs. The report was published by the Global Canopy

Read More
responsible investment Australia New Zealand

The level of responsible investing has risen in New Zealand and Australia according to recent reports from the  Responsible Investment Association Australasia (RIAA).

The steep rise of over 2500% in responsible investment within in the New Zealand market, which jumped …

Read More
pensions trustees ESG

Nearly half (47%) of UK staff can achieve higher environmental, social and governance (ESG) standards without sacrificing profitability, according to research carried out by Opinium on behalf of the Better Society Awards and Citigate Dewe Rogerson.

The online …

Read More
FRC climate "major review"

The quality of auditing of larger companies has improved after targeted work by the Financial Reporting Council (FRC) the regulator said. The FRC said the leadership of audit firms’ focus on, and investment in, improving audit quality, together with promoting …

Read More
Financial Conduct Authority Senior Managers and Certification Regime

The Financial Conduct Authority (FCA) has published proposals to extend the senior managers and certification regime (SM&CR) across most regulated firms replacing the existing approved persons regime. This follows a government announcement in October 2015 that it wished to extend …

Read More