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UK’s FRC consults on new audit enforcement regime

With the EU’s audit regulation and audit directive coming into force in June the UK’s Financial Reporting Council (FRC) is consulting on its new audit enforcement procedure for audits of Public Interest Entities (PIE) – which include listed companies, credit …

Survey of American institutional investors finds low take up of ESG criteria in investment decisions

There is a low rate of adoption of environmental, social and governance (ESG) criteria in investment decisions among North American institutional investors according to a survey conducted by OFI Global Asset Management and Pensions & Investments.

The survey found that …

SEC says Exxon and Chevron must accept climate change shareholder proposals at annual meetings

The US Securities and Exchange Commission (SEC) has ruled that oil giants, ExxonMobil and Chevron, need to include shareholder proposals at their AGMs requesting information on the impact on their businesses of the policies on reducing carbon emissions and responding …

UK’s Investment Association explains how investors can boost productivity

The Investment Association (IA) has published an industry-wide Productivity Action Plan which it believes will boost the UK economy through long-term investment, helping to reverse the UK’s productivity problem. The action plan aims to encourage the provision of more long-term

Still work to do to break up old boy networks says UK’s Equality and Human Rights Commission

UK companies continue to use personal networks when recruiting board members, which acts as a barrier to women becoming directors, according to an inquiry by the Equality and Human Rights Commission.

The study found that while the overall target set …

New Zealand stock exchange provides update on corporate governance reporting review

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 …

Fund management mandates should include ESG criteria

The 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 …

UK Financial Reporting Council pre-AGM alert to investors on company reporting

The 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 …

The global Corporate Human Rights Benchmark is launched

The 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.…

US proxy season looks set to be dominated by pay & diversity

Anticipation 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 …