As the UK entered COVID19 lockdown last week, Minerva wrote to regulators asking for their intervention to create an orderly market in AGMs. Today a letter has been sent to quoted companies asking them to clarify their AGM proposals, alerting …
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An increasing number of UK-listed companies are cutting or suspending dividend payments in order to preserve cash and protect their balance sheets in response to the economic impact of coronavirus. The suspension of dividends will be a real worry for …
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The Institute of Internal Auditors said the findings from its annual survey of 630 internal audit executives painted a “troubling picture”.
Many internal audit functions are failing to allocate a portion of their audit plans to certain key risks, in …
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In February, the Financial Reporting Council (FRC) announced what it has called a “major review” of how companies and auditors assess and report on the impact of climate change, with the findings due to be published in the Autumn, ahead …
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The UK Government has now implemented social distancing measures across the UK as the coronavirus outbreak continues to gather pace.
Mass gatherings are being postponed or cancelled in response, but UK companies with scheduled annual general meetings (AGM) are having …
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Investors to fund firms: “No ESG, no money”
A group of major pension funds has written a no-ifs-and-buts letter to asset managers and companies warning that firms who fail to consider the impact of ESG risks are no longer “attractive” …
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Business leaders agree ESG-aligned remuneration pledge
A new manifesto aiming to align executive pay to ESG-related criteria has been welcomed by company CEOs.
Gathering at the World Economic Forum’s (WEF) International Business Council meeting, held in Davos this week, the …
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BoE’s Haldane: Shareholder-focused capitalism beginning to fray
The Bank of England’s chief economist has questioned the UK’s corporate governance model – suggesting it should be overhauled to focus not just on shareholders but wider society, too.
During a speech at …
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One of the largest fund managers in Europe is pressing all companies in which it invests to employ the Taskforce for Climate-related Financial Disclosures (TCFD) framework to help boost their climate risk efforts.
The move is being seen as a …
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Large fund group votes stymying ESG resolutions
Some of the world’s largest fund groups voted against nearly 90 per cent of ESG-related shareholder resolutions in 2019, despite overall investor support for these proposals climbing in the past five years, a …
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