The US Securities and Exchange Commission (SEC) has charged four more former executives of Nortel Networks, the communications company, with accounting fraud. The regulator is accusing former vice-presidents of Nortel’s optical, wireline, wireless and enterprise business units of manipulating …
Read MoreNearly 50% of the London Stock Exchange (LSE) has been purchased by rival sovereign backed firms from the Middle East.
Borse Dubai and US exchange Nasdaq have reached an agreement that will allow Nasdaq to win control of Scandinavian exchange …
Read MoreVernon Sankey has stepped down as chairman of Photo-Me International with immediate effect, prompting the photo booth operator’s principal shareholders to withdraw an EGM requisition seeking his removal.
Cycladic Capital and Principle Capital were seeking the immediate removal of both …
Read MoreFactors such as new investors and expansion into overseas markets have opened the door to different varieties of fraud, and four out of five companies worldwide have been hit by some form of corporate fraud in the last three years, …
Read MoreThe Social Investment Forum (SIF) and the Interfaith Center on Corporate Responsibility have launched a website – www.SaveShareholderRights.org – as part of a campaign to oppose controversial US Securities and Exchange Commission (SEC) proposals they argue would seriously undermine investor …
Read MoreTop UK companies are increasingly incorporating non-financial factors such as customer satisfaction into executive bonus plans, accountancy firm PricewaterhouseCoopers (PwC) has found. PwC’s research revealed that the number of companies offering bonus plans based on purely financial measures has halved …
Read MorePension funds surveyed by the National Association of Pension Funds (NAPF) are working more closely with the companies they invest in to actively promote corporate governance.
More than three quarters of these funds have helped change remuneration packages, board membership …
Read MoreNasdaq, the US exchange, wishes to divest its 31% stake in the London Stock Exchange (LSE). Nasdaq built up its stake earlier this year during the course of an unsuccessful takeover bid, and earlier in August backed an LSE/…
Read MoreSome 23% of FTSE 350 companies are not adequately reporting to shareholders on the activities of their audit committees, producing in effect little more than a summary of the committees’ terms of reference, research by the Local Authority Pension Fund …
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