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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FRC criticises inconsistent corporate governance reporting

Watchdog highlights widespread box-ticking by UK plc

FTSE-listed companies are treating corporate governance as a box-ticking exercise and failing to meet stakeholder expectations in their reporting, according to the Financial Reporting Council (FRC).

The FRC’s Review of Corporate Governance Reporting

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Government acts to prevent hostile foreign takeovers

Government acts to prevent hostile foreign takeovers

The UK government is introducing a bill that aims to give it powers to investigate and intervene in potentially hostile foreign direct investment that threatens national security.

Under the National Security and Investment

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San Francisco votes to rein in CEO pay

San Francisco votes to rein in CEO pay

San Francisco citizens have voted overwhelmingly for a new tax on highly paid CEOs.

By a margin of 65-35, they voted to approve a ballot measure to increase taxes on corporations with …

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Guidance on China engagement issued to UK tech

Guidance on China engagement issued to UK tech

The UK government has published new guidance to help businesses negotiate the ethical, legal and commercial questions they may encounter in China or when working with Chinese companies.

The guidance sets out …

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Senate working group targets corporate governance reform

Senate working group targets corporate governance reform

Four Democrat US senators have formed a working group with the aim of shifting corporate America away from shareholder capitalism.

Elizabeth Warren (Massachusetts), Tom Carper (Delaware), Tammy Baldwin (Wisconsin) and Mark Warner (Virginia) …

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UK government sets out sustainability standards for investment managers

The UK government has issued a new set of sustainable finance standards for investment managers.

The new voluntary UK standard, PAS 7341:2020, sets out the requirements to establish, implement and manage the process of integrating responsible and sustainable considerations …

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Speed needed on financial impact of climate change disclosure

Speed needed on financial impact of climate change disclosure

Asset owners and their managers need to encourage more companies to disclose the financial impact of climate change on their businesses using an internationally recognised code, according to a new report.

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