FRC revises corporate governance code
January 26th, 2024
The Financial Reporting Council (FRC) has announced revisions to the UK Corporate Governance Code that enhance transparency and accountability, primarily through an update to how boards approach internal controls.
The FRC said …
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US Republicans file lawsuit over ERISA ESG rule
January 26th, 2024
A group of 26 US Republican attorneys general filed an appeal in their legal challenge to a rule over pension funds’ ability to consider ESG factors when selecting investments.…
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Exxon sues shareholders over ESG proposal
January 25th, 2024
Shareholder voting rights could be under threat in the US as oil company ExxonMobil filed to sue investors over an ESG vote at its AGM.
ExxonMobil filed a complaint against activist …
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IIGCC publishes net zero voting guidance
January 18th, 2024
The Institutional Investors Group on Climate Change (IIGCC) has published guidance to support investors in developing their own net zero policies and practices.
The Net Zero Voting Guidelines are aligned with …
Read MoreWWF call for urgent government action on biodiversity
January 12th, 2024
The Worldwide Wildlife Fund for Nature (WWF) have warned that without major changes by the UK government the food system in England will continue to fail people.
In a …
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EU diverges from UK on stewardship disclosures
January 3rd, 2023
European regulations could deviate from UK rules on stewardship disclosures following responses to a consultation on the EU’s Sustainable Finance Disclosure Regulation (SFDR).
Asset manager DWS called for greater disclosures …
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FCA issues guidance on shareholder cooperation for ESG stewardship
January 2rd, 2024
The Financial Conduct Authority (FCA) has published guidance on ESG stewardship engagement and collaboration in relation to legislation on insider trading.
The UK regulator confirmed that voting intentions …
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Japan introduces reforms to boost asset management sector
December 21st, 2023
The Government of Japan has published a new policy plan to position the country as a leading asset management centre, including corporate governance reforms.
The ‘Policy Plan for …
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DQ Entertainment fine highlights importance of governance breaches
December 21st, 2023
Three directors of DQ Entertainment have been fined $30.8 million in a landmark ruling for fraudulent and reckless trading and other breaches of company law.
Directors Rashida Adenwala, Tapaas …
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FRC identifies TCFD disclosures as area of focus
December 14th, 2023
The Financial Reporting Council (FRC) will include climate-related risks, including Task Force on Climate-Related Financial Disclosures (TCFD), as one of its key areas of supervisory focus for 2024/25 financial …
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