Japan: Kobe Steel hit by data falsification scandal

Kobe Steel

Japanese company Kobe Steel this week said it had received a request from US judicial administrative authorities for documents following its admission earlier this month that the company had been falsifying data about its metal products for several years and

Rio Tinto fined in the UK and charged with fraud in the US

Rio Tinto
Anglo-Australian mining giant Rio Tinto has been fined £27m by the Financial Conduct Authority (FCA) for breaching UK disclosure rules while the US Securities & Exchange Commission has charged the company and former executives with fraud in relation to the

Independent shareholders oppose pay report at Sky

Sky

Independent investors in media group Sky voted heavily against the remuneration report with just 36% of shareholders giving it their backing at the AGM this week (12th October). Chairman James Murdoch received a narrow vote in support of his re-election …

IOD Good Governance Report: Diageo tops rankings

Diageo Good Governance Report

Drinks company Diageo has topped the latest rankings for good corporate governance from the Institute of Directors (IoD) in its third annual review of the UK’s top 100 companies.

The 2017 Good Governance Report was compiled for the IoD by …

United Utilities: UK water supplier fined for polluting river

United Utilities polluting fine

Water supplier, United Utilities, which has customers based in the North West of England, has been fined £666,000 and ordered to pay costs of over £32,000 after pleading guilty to polluting a river with untreated sewage effluent in Greater …

Sports Direct AGM: Chairman gains majority backing from independent investors

Sports Direct AGM

In the run up to the Sports Direct AGM this week (6th September) there were calls for shareholders to vote against the re-election of its chairman, Keith Hellawell, amid concerns that he has not been strong enough in dealing with …

AIM governance: Telit Communications fires CEO

Telit Communications

AIM-listed Telit Communications has dismissed its chief executive, Oozi Cats, following the revelation that he had faced criminal charges and was on run from the US authorities. Yosi Fait, the financial director was appointed as interim chief executive.

Following …

Toshiba: Auditors sign off accounts so Japanese company avoids delisting

Toshiba auditors

Japanese company, Toshiba, which has been restructuring after admitting accounting failures in 2015 has published its annual report for 2016 after receiving a qualified opinion from its auditor, PWC Arata, which meant the firm avoided being delisted from …

AIM: Hidden director payments at Real Food Company

Real Good Food AIM

AIM-listed Real Good Food has admitted to not disclosing payments to directors in its related parties transaction notes within its annual reports for three financial years from 2014 to 2016.

These notes should have revealed the payment of consultancy fees …

Sports Direct improves governance with Finance Director appointment

Sports Direct AGM

Retailer Sports Direct which has been under intense scrutiny from investors, politicians and the media for over a year due to perceived corporate governance failings and criticisms of its working practices has appointed a permanent finance director.

Jon Kempster will