FRC fines treble to £43m as regulator sends “clear message”
The Financial Reporting Council (FRC) dealt out a record £43m in fines during the past year for misconduct and breaches, as the regulator accelerated cases to conclusion.
The …
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SEC urged to unleash sweeping changes to proxy system
As the SEC’s Proxy Plumbing saga rumbles on, the Commission has signalled that public companies, shareholders and other stakeholders in the US may soon get the transparency in the proxy system …
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Dubai’s stock exchange eyes Middle East sustainability crown
The Dubai Financial Market has launched a blueprint to promote environmental, social and governance (ESG) issues among listed firms, pledging to become the region’s leading sustainable financial market by 2025.
The Sustainability …
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HMRC loses chief to new audit watchdog as Leadsom means business
The chief executive of Her Majesty’s Revenue and Customs service has been confirmed as the person to lead the Financial Reporting Council into the refreshed entity the Audit, Reporting …
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ESMA pulls back from ESG legislation for rating agency methodology
On July 18, the European Securities and Markets Authority published technical advice to the European Commission outlining its reluctance to compel these firms to include ESG factors in their analysis, …
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Risk Coalition begins consultation on board risk functions
The Risk Coalition has issued a consultation on its ‘Principles and guidance for board risk committees and risk functions in the UK financial services sector’, which was published on 26 June.…
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Draft code aims to boost internal audit standards
A draft code has been launched by the Chartered Institute of Internal Auditors that makes 30 recommendations to strengthen corporate governance.
The Internal Audit Code of Practice has been developed by an …
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With the EU Shareholder Rights Directive now in force, the signatories of the Best Practice Principles for Shareholder Voting Research have announced the outcome of its two year review process with the publication of the 2019 Best Practice Principles For …
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Corporate climate ignorance poses threat to pensions
Nearly half of major companies in the highest polluting sectors worldwide are failing to weigh up how climate change will affect their businesses. The findings come from the State of the Transition report …
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UK funds braced for tougher regulatory stance on climate
UK pension funds and listed companies are to be handed a new list of reporting requirements, following publication of the UK government’s Green Finance Strategy at the start of July.
The …
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