In a sign of disquiet about the acting chair of the US Securities and Exchange Commission (SEC), Michael Piwowar, Democratic Senators have suggested that he has overreached his authority in a letter to the regulator’s inspector general, Carl Hoecker.

The …

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Directors should be required to take their corporate governance and legal duties more seriously the House of Commons Business, Energy and Industrial Strategy select committee believes. The committee’s report on corporate governance was published this week.

While the MPs state …

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UK corporate governance

Speaking at an evidence gathering session for the Future of Work inquiry being conducted by the Business, Energy and Industrial Strategy parliamentary select committee Steve Turner, assistant general secretary at the Unite Union said that his union had predominantly come …

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Tesco has reached an agreement with the Serious Fraud Office (SFO) which, if approved by the court, will allow it to pay a fine for its false accounting in 2014 rather than face prosecution. Separately it has agreed with the …

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The Global Sustainable Investment Alliance (GSIA) has released its biennial Global Sustainable Investment Review 2016, which shows that global sustainable, responsible and impact (SRI) investment assets reached $22.89 trillion at the start of 2016,  25% more than in 2014.…

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FTSE 350 staff diversity

Business Minister Margot James has written to the chief executives of all FTSE 350 companies urging them to improve diversity and inclusion in the workplace.

This follows the publication of the findings of a review led by Baroness McGregor-Smith last …

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business trust Ecoda

Encouraging responsible leadership by company boards so that businesses contribute to wider society was the theme of the recent discussion organised by the European Confederation of Directors’ Associations (ecoDa) and Standard Life Investments. This was building on a vision …

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OECD Corporate Governance Principles

The Organisation for Economic Co-operation and Development (OECD) has published its paper, Responsible Business Conduct for Institutional Investors, which explains how they can apply the OECD Guidelines for Multinational Enterprises.

The paper was launched online by the UN’s …

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The Pensions Regulator DB guidance

The UK’s Pensions Regulator, TPR, has issued new investment guidance for defined benefit pension schemes including  expanded duties on stewardship, sustainability, ESG and voting issues.

The guidance follows the common principles set out in TPR’s DC investment guidance together …

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Texan state legislature disclosure act

Shareholder activists and proxy analysts face up to a year in jail and a fine of up to $4,000 if they fail to comply with a new regulations being proposed in the USA.

The US state legislature in Texas has …

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