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 Finance director

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

Uber chief executive resigns following pressure from shareholders

Uber’s founder and chief executive Travis Kalanick, who last week said he would take indefinite leave, has now resigned from his post although he remains on the board of the technology-driven ride-hailing company, following pressure by shareholders, reports state.…

US pension funds urge for opposition vote at Mylan over executive pay

A coalition of institutional investors is gathering support for a campaign for a vote against six directors and executive pay at the pharmaceuticals company, Mylan which has faced controversy over raising prices for its EpiPen product. Its AGM is due …

Anbang boss is caught up in Chinese corruption allegations

Wu Xiaohui, chairman of insurer Anbang, has been arrested, according to widespread reports, due to a crackdown on alleged corruption in the financial sector by the Chinese government. Reports of the arrest first appeared in the Chinese news magazine …

Uber CEO takes indefinite leave as firm vows to improve corporate culture

The board of the technology-driven ride-hailing company, Uber, has vowed to improve its corporate culture following a report which recommended sweeping reforms. However, it has been widely reported that its chief executive Travis Kalanick has taken indefinite leave.

Despite …

Upcoming Renault AGM results will be closely watched by investors

French carmaker Renault will be holding its AGM on 15th June and its voting results will be closely watched due to longstanding concerns about its governance and after its vote on pay was defeated last year.

The pay of Carl …

RLAM’s Glencore governance worries flagged in AGM results

Royal London Asset Management (RLAM), voiced concerns about the unusual remuneration and board structure of Glencore ahead of its May 24 AGM.

The voting results show RLAM’s concerns may have been shared by other shareholders. While all Glencore’s resolutions …