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US business leaders call for backing of “common sense corporate governance principles”

A group of 13 US and Canadian fund managers, pension funds and company bosses have taken the unprecedented step of endorsing a set of corporate governance principles in a bid to quell rising unease and conflict around US governance standards.…

A strong, healthy company culture adds long-term value

A strong corporate culture that is embedded throughout a company and reinforced with strong leadership by the chief executive and chairman can produce long-term value for businesses a study by the Financial Reporting Council has found.

The report, based on …

Investors & companies “in the dark over value of the workforce”

Understanding the value of a company’s workforce is important for investors, and companies should improve their reporting on this and be able to link this reporting to their wider company strategy and business model, according to the Pensions and Lifetime …

UK audit report: competition concentration concerns

Confidence in the quality of auditing is improving according to the UK’s Financial Reporting Council, however there remains concerns about the level of concentration in the market which is dominated by four major firms.

The overview of auditing report is …

Shareholder haircuts: ECJ ruling backs Slovenian investors

The Slovenian Shareholders Association (VZMD) says that a European Court of Justice (ECJ) ruling backs their claim for a settlement from the Slovenian government after it restructured its banking sector, including nationalising six banks, during 2013 and 2014.

The European …

Prominent ESG investor objects to US legislators’ plans to curb proxy advisers

Walden Asset Management has added its voice to those criticising the proposed Corporate Governance Reform and Transparency Act of 2016 (HR 5311) passed last month by the US House of Representatives’ Finance Services Committee.

In a letter to Jeb Hensarling …

Companies and investors need to act on executive pay, PwC believes

While regulation on directors’ pay can be counter-productive the business community needs to address the concerns of politicians and the wider public about pay inequality in the UK, advisors PricewaterhouseCoopers (PwC) have warned in a report. This is a …

FRC chairman encourages high standards in companies and by investors

Some UK investors can do more to show their commitment to the Stewardship Code’s principles according to Sir Win Bischoff, chairman of the Financial Reporting Council (FRC) speaking at the Chartered Banker’s Culture and Conduct Forum for the Financial Services …

US investors and companies are engaging more and seeing value in corporate governance

Institutional investors in the US are increasingly viewing corporate governance as more than just a compliance exercise but also about an ownership responsibility tied to investment value and risk mitigation, according to Ernst & Young’s (EY) analysis of the 2016 …

UK’s new prime minister sets out her #corpgov #ESG stall

In sharp contrast to US Republican moves to unwind the Dodd Frank corporate governance reforms introduced after the global financial crisis, the UK’s newly appointed Conservative party leader and soon to be prime minister, Theresa May, has signalled strong support …