The New Zealand Stock Exchange, NZX, is currently reviewing the responses to its recent consultation on proposed changes to corporate governance reporting requirements within the NZX Main Board Listing Rules. One of the key concerns raised by respondents is the fragmentation of existing corporate governance reporting requirements in New Zealand and the NZX said it […]
Read MoreThe United Nations-supported Principles for Responsible Investment (PRI) initiative has launched a report, How Asset Owners Can Drive Responsible Investment: Beliefs, Strategy and Mandates, calling on asset owners to do more to reflect ESG risks and opportunities in their investment beliefs and mandates. The report, states that although many asset owners have made commitments to responsible investment, the majority […]
Read MoreThe UK’s Financial Reporting Council (FRC) has written to institutional investors highlighting the key issues they should be considering ahead of the peak season of company shareholder meetings. The letter from Stephen Hadrill, FRC chief executive, reminded investors that this is the first year of enhanced reporting on risk and internal control and the inclusion of a […]
Read MoreThe first-ever ranking of the world’s largest publicly listed companies on their human rights performance, the Corporate Human Rights Benchmark (CHRB) has been launched beginning with a pilot benchmark process. The final scores will be available in November this year. The 2016 pilot benchmark will rank the top 100 companies in the agricultural products, apparel, and extractive industries using […]
Read MoreAnticipation that the US Securities and Exchange Commission is due to finalise three remaining Dodd-Frank Wall Street Reform and Consumer Protection Act compensation rules as well as recent rulings from Delaware Courts will keep executive pay in the spotlight during 2016, according to Vivien Coates of law firm, Womble Carlyle Sandridge & Rice. Coates said that due to increased scrutiny […]
Read MoreHong Kong’s Securities and Futures Commission (SFC) has introduced voluntary principles to provide guidance on how investors should fulfil their ownership responsibilities when investing in Hong Kong listed companies. The SFC has published revised principles and responded to a consultation it held last year on its Principles of Responsible Ownership. Investors who choose not to adopt these principles are encouraged […]
Read MoreThe Institute of Directors in Southern Africa (IoDSA) and the King Committee are consulting on the latest King Report—King IV which expands the current corporate governance code into more non-financial reporting areas and also replaces King III’s “apply or explain” with an “apply and explain” approach. The King Committee, under the leadership of Professor Mervyn King and […]
Read MoreWith the peak AGM season taking place in the next two months, Manifest’s analysis suggests investors may be concerned about the remuneration practices at some of the UK’s biggest companies holding their AGMs on 14th April. Mining company, Rio Tinto – listed in the UK and Australia – has also been struggling in the past year due […]
Read MoreAs automatic-enrolment workplace pensions are rolled out to more employees UK pressure group, ShareAction, which campaigns to achieve ‘an investment system that truly serves savers and communities, and protects our environment for the long term’, has produced its first benchmarking survey of the market. The nine leading pension providers in this market were examined and an overall benchmark score […]
Read MoreAudit committees are increasingly overloaded and UK companies are looking at other way to monitor corporate responsibility (CR) and sustainability issues, according to a report published by the Institute of Business Ethics (IBE). An IBE survey of the FTSE 350 carried out with the support of the ICSA: The Governance Institute and Mazars found that […]
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