ICSA and IA guidance to support company boards to engage with stakeholders

A project to help boards understand and factor in the views of their employees and other stakeholders led by the  ICSA: The Governance Institute and the Investment Association, has been welcomed by the UK’s Financial Reporting Council (FRC).

The …

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Lars Petersson, CEO of IKEA-USA

A coalition of 530 US companies and 100 institutional investors have called on President-elect Donald Trump and politicians in Congress to embrace a low carbon economy and tackle climate change ahead of Trump’s inauguration later this month.

In a statement

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Jeremy Corbyn

Jeremy Corbyn, leader of the UK’s opposition Labour Party has outlined his party’s agenda for governance reform focusing on CEO pay ratios. In a speech in Peterborough last week (10th January) Corbyn added his voice to the current debate …

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Tax

Tax transparency campaigners are looking to the European Parliament to continue to have a strong stance on public tax disclosure after EU member states agreed in December on a position that weakened European Commission proposals contained in the latest draft …

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UK corporate reporting

The Financial Reporting Council (FRC) has said it is ready to make further changes to the UK’s corporate governance code to reflect concerns about the role of companies within society and to improve public trust in its annual report, Developments

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Peter Damgaard Jensenof IIGCC

Peter Damgaard Jensen, chief executive of the large Danish pension fund manager PKA has become chairman of the Institutional Investors Group on Climate Change (IIGCC). Jensen took over from Donald McDonald, who has also retired from his post as …

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Phyllis Borzl - DoL

US regulators have responded to concerns that employee pension plans have not been exercising their shareholder rights by issuing updated guidance on proxy voting for 2017.

The Department of Labor’s Employee Benefits Security Administration (EBSA) agency said that it is …

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A revised corporate governance code came into effect on 1st January 2017 in the Philippines. The code has been developed by the IFC, a member of the World Bank Group, and the Philippine Securities and Exchange Commission (SEC) with …

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A majority of Sports Direct independent shareholders remain sceptical of governance improvements at the troubled retailer and last week voted against the re-election of its chairman, Keith Hellawell. Under UK listing rules, the retailer had been forced to hold a …

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Research commissioned by CFA UK has examined the alignment of chief executive (CEO) pay and company value creation between 2003-2014/15 and found that total pay for the median CEO increased by 82% in real terms over the period. However, the …

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