FRC: Expectations and standards ‘still apply’

FRC: Expectations and standards ‘still apply’

The Financial Reporting Council (FRC) has moved to remind companies that expectations and standards have not changed, despite the ongoing Covid-19 crisis.

At the same time, however, the FRC clarified that it had not …

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NGOs press government for further action on slavery

NGOs press government for further action on slavery

A group of NGOs has called for the government to ensure its new pledges on modern slavery are enacted in full throughout – and beyond – the coronavirus crisis.

In a joint …

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Neuberger Berman

Neuberger Berman commits to advance proxy disclosure

Neuberger Berman has become one of the first major asset managers to commit to advance proxy voting disclosures.

It announced this week that it would publicly state beforehand how it plans to vote …

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FCA

The Financial Conduct Authority (FCA) has stepped in to protect shareholder rights as it introduces measures to help listed companies withstand from the fallout of coronavirus.

In an announcement on 8 April, the regulator acknowledged that many companies would turn …

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Australian energy giant rocked by shareholder rebellion

Santos, one of the largest oil and gas producers in Australia, has suffered a huge revolt by shareholders over its strategy on climate change.

At last week’s annual investor meeting, over 43% of Santos shareholders defied the board and …

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SEC lambasted over shareholder rights change as companies fail to meet ESG targets

For some companies, the ability for shareholders to have a voice is a source of constant annoyance.

For proxy voting agents, such as Minerva, understanding the rules of the game and where the lines are drawn is key.

Shareholder rights …

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COVID-19 Capital and Pay Response

As the COVID-19 pandemic continues to evolve and cause economic disruption UK-listed companies are taking action to support their balance sheets and provide financial flexibility. In particular, many companies have adjusted their approach to capital allocations with some also reviewing …

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Gender pay gap reporting petition gathers pace

The UK government has suspended gender pay gap reporting due to heightened uncertainty from the coronavirus crisis.

The decision has been made by the government’s Equalities Office and the Equality and Human Rights Commission to alleviate pressure on employers that …

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ECODA

The chair of the European Confederation of Directors Associations (ECODA) has urged boards to embrace ESG in the fightback against coronavirus and the economic chaos which will likely follow the pandemic.

In an open letter, chair Jan Wesseldijk …

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Japan stewardship code

Japan has revised its Stewardship Code after acknowledging that investors could benefit from a broader set of corporate governance guidelines.

Throughout 2019, a council of experts reviewed the code, before publishing a revised draft for review at the end …

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