Companies Archives

US directors need to do more to manage risks

While US directors say that reputational risk is one of their greatest concerns board members are taking little action to manage risks once they have been identified, according to the sixth Concerns About Risks Confronting Boards survey conducted by US …

CBI Director General says women need to lead at all levels of organisations

Carolyn Fairburn, Director General of business group, the CBI, said that the issue of diversity needs to run right through companies and has called for a new voluntary target of 25% for female senior executives in major UK companies.

Speaking…

JKX Board ousted after defying UK Supreme Court over shareholder rights

JKX, the London-listed oil company has seen its entire board being replaced following years of questionable corporate governance and poor performance.

Proxima Capital, JKX’s third largest shareholder managed to secure over two thirds of the votes cast at a special …

Corporate Governance in the spotlight

The relationship between the chairman and the chief executive of a company is absolutely fundamental according to Sir David Walker, former chairman of Barclays, speaking on Radio 4’s, The Bottom Line.

In a discussion about managing the boardroom, Michael …

Tesco held to account for breaching Grocery Code

Tesco has been told to introduce significant changes to practices and systems after the Groceries Code Adjudicator, Christine Tacon, found the supermarket giant had seriously breached a legally-binding Groceries Supply Code of Practice (the Code) to protect groceries suppliers.

Tacon’s …

31 countries agree to share tax data as Google comes under fire for its deal in the UK

An agreement has been reached between 31 countries for the automatic exchange of information on the taxes paid by, and the economic activity of, multinational businesses. This increase in transparency between countries should help tax authorities understand if multinationals are …

What do the world’s largest companies “Say on Sustainability”?

The Stewardship of Sustainability

The Minerva Say on Sustainability framework gives pension funds, asset managers and other interested stakeholders accessible reports and data tools to understand how investee companies do (or do not) embed sustainability in their governance systems.

Sustainability …

FRC reviews KPMG’s audit of HBOS

The UK’s accounting regulator, the Financial Reporting Council (FRC), is to consider whether the accountancy firm, KPMG, or any individuals require further investigation following a review of the report, published last November by the Prudential Regulatory Authority and the

Stelios Haji-Ioannou opposes easyHotel’s directors’ remuneration report

The founder of the Easy group of companies, Sir Stelios Haji-Ioannou, used his 49% stake in easyHotel, to vote against the company’s directors’ remuneration report leading to a majority opposing the resolution to approve the report at its recent AGM. …

Next forced to call shareholder meeting following technical breach of Companies Act

The board of retailer Next has been forced to call a general shareholder meeting next month after finding a technical infringement of the Companies Act 2006 in respect of the payment of the dividends.

The issue relates to the dividends …