Government urged to prioritise audit industry reform

Reform is an “urgent priority”, says accountancy body chief

The accounting industry is urging the government to prioritise reform of the sector following the appointment of Kwasi Kwarteng as business secretary.

Michael Izza, chief executive of the Institute of Chartered …

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HSBC shareholders urge bank to cut exposure to fossil fuels

Investors file resolution calling on bank to publish strategy and targets

Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels.

Fifteen institutional investors with a …

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RPMI Railpen urges government to protect shareholder rights

The UK pension investor among those demanding government protects minority shareholders in its listings review

RPMI Railpen, the investment manager for the railways pension schemes, is urging the government to protect minority shareholder rights in its response to HM Treasury’s

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NYSE backtracks (again) on Chinese delistings

The exchange will drop three Chinese telecoms companies after criticism from the US Treasury

The New York Stock Exchange has decided to delist China’s three largest telecoms giants after reversing the decision just a few days earlier.

NYSE said it …

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CII backs Nasdaq’s proposal to improve diversity on boards

Companies could be delisted if they fail to meet ‘comply or explain’ requirement

The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting.

In a …

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The FCA has set out how it will enforce new climate disclosure rules for UK listed companies.

The new rules will require all companies listed on the London Stock Exchange to …

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Votes, voting

Emergency measures need more thought for the long term, survey finds

The shift to virtual AGMs as a result of the coronavirus pandemic has harmed shareholder rights, according to an influential retail investor lobby group.

As lockdown restrictions in most …

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Luckin Coffee scandal

Coffee chain misdoings alerted regulators to potential irregularities with overseas companies listed in the US

Luckin Coffee will pay a $180m fine to settle accounting fraud charges as the US Securities and Exchange Commission (SEC) ramps up scrutiny of Chinese …

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Companies plan to align ESG priorities with incentive plans

Companies plan to align ESG priorities with incentive plans

Investor pressure and recognition of benefits are driving the change

Companies around the world are accelerating their focus on environmental, social and governance (ESG) priorities as climate change and diversity issues

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Chinese companies face US stock exchange delisting

Chinese companies face US stock exchange delisting

US lawmakers are ramping up pressure on Beijing’s oversight regime

Congress has passed legislation that could result in Chinese companies being delisted from US stock exchanges if they do not comply with accounting

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