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South Africa: King Report IV Published

South Africa’s corporate governance guidance, the King Report IV, has been radically revised in its latest version. According to the Institute of Directors in Southern Africa (IoDSA) the report is considerably more accessible, making it applicable beyond …

Company tax disclosures improving says FRC

Company tax disclosure has improved in the UK according to the Financial Reporting Council (FRC). In a new review of 33 companies’ reports and accounts the FRC found evidence of improvements in the transparency of disclosures included in strategic reports …

PRI publishes ESG roadmaps for UK and USA

The Principles for Responsible Investment (PRI), The United Nations Environment Program Finance Initiative (UNEP FI) and The Generation Foundation, have published US and UK roadmaps, which set out recommendations to fully embed the consideration of environmental, …

Parker Review: boards need greater ethnic diversity

Every FTSE 100 company board should have at least non-white director by 2021 and each FTSE 250 Board by 2024 in a bid to boost ethnic diversity at the top level of British companies. This is the recommendation of a …

Executive pay: UK fund managers trade group speaks out

UK fund managers members take executive pay reform seriously according to the UK’s Investment Association, which this week responded to the recommendations of the Executive Remuneration Working Group. In its new Principles of Remuneration, the IA suggests that rather …

SEC proposes universal proxy cards

In a move to improve shareholder democracy the US Securities and Exchange Commission (SEC) has proposed that universal proxy cards be introduced that allow investors to vote for directors as they would if they attended the company’s annual general meeting. …

New CDP report adapting to a low carbon future

CDP, the environmental NGO is calling on investors and firms to adapt quickly to a low carbon future. In a new report Out of the Starting Blocks, CDP in partnership with We Mean Business, presents its first annual …

Ardent Leisure’s AGM held days after theme park fatalities

Australian entertainments group, Ardent Leisure, held its AGM just two days after an accident at its theme park Dreamworld in which four people died and two children were injured on a river rapids ride. The out-going chairman, Neil Banaves, …

Better governance – not tin ears

Set against a backdrop of stagnant economic growth and societal discontent with the political status quo, global investors and corporations face ever growing risks and challenges. Having initially stabilised the sinking ship in the immediate aftermath of the GFC, governments, …

Proxy Votes: Mortgage Choice Chairman loses it

Mortgage Choice (ASX:MOC) chairman, Peter Ritchie, has resigned abruptly, raging at proxy advisors for “damaging Australian business” after another bruising shareholder revolt at last week’s AGM.

Close to 80% of the Australian firm’s independent shareholders voted against the …