South Korea is set to relax its shareholder reporting rules to allow for greater investor activism.
The country’s Financial Services Commission (FSC) is to amend the ‘5% rule’ which will no longer require institutional …
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Major UK pensions sign up to cost disclosure initiative
Ten of the UK’s biggest pension schemes have written a joint letter publicly announcing their commitment to the Cost Transparency Initiative.
Launched in November 2018, the Initiative encourages asset managers to …
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Rise in companies deviating from Swedish governance code
The Board’s 2019 Annual Report, published this week, revealed that over a third (34 per cent) of companies that apply the Code reported at least one deviation in 2018, up from 29 …
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Median CEO pay falls, but is this the full story?
When it comes to corporate governance, no topic is more contentious than the pay of top CEOs.
The debate over whether companies pay their top executives excessively high salaries has …
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High performing fund managers overlooked… if they’re black
Investors are being urged to tackle institutional racism after a major study found black fund managers are often overlooked due to their colour – even when they are high performing.
The …
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RSM fined $950k for independence breach
Accounting firm RSM US has been fined $950,000 by the Securities and Exchange Commission (SEC) for violating the auditor independence rules.
RSM US, a member firm of the RSM International (RSMI) network with more …
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Law Commission opens consultation on intermediated securities
The Law Commission has published a call for evidence on intermediated securities, the first step in a scoping study, and asked stakeholders for their views and experiences.
With the intention of informing public …
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CEOs backing new governance statement cause a stir
When over 180 of America’s top CEOs signed a new corporate governance agreement that effectively eliminates shareholder primacy and commits to representing the interests of ‘all Americans’, the move was going to …
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US regulator draws internal criticism for pressure over proxy firm influence
The Securities and Exchange Commission has drawn criticism from within its own ranks after pushing investment managers to question and probe the influence proxy voting firms on have on …
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