petrobras

Oil giant Petrobras’ chairman Pietro Adamo Sampaio Mendes has been reinstated to his role after being suspended this week following allegations of non-compliance with the requirements of the company’s bylaws.

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internal control

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 changes will aim to help support the growth and competitiveness of the UK and its […]

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Boohoo

Boohoo is facing a £100 million lawsuit from investors after modern slavery allegations wiped more than £1 billion from its value, according to reports.

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A line of white figurines blocking out other figurines of differing colour, demonstrating the effect of systemic racial inequality

With 2022 another record year for shareholder proposals on racial justice audits, 2023 looks set to continue the trend.

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Diversity

The Securities and Exchange Commission (SEC) could be doing more in its work to improve diversity within the US financial services industry, several of its former chairwomen have agreed.

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Andrew Burghart, Minister for Pensions and Growth

Prime Minister Liz Truss has confirmed Alex Burghart’s appointment as Minister for Pensions and Growth.

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DWP launches pension scheme voting task force

Pensions Minister, Guy Opperman, has continued his turbulent summer of resignation, reinstatement, and removal from the position.

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NGOs press government for further action on slavery

Forced labour goods reg proposed by EU EU will keep a publicly-available database of forced labour risks in specific geographies. A ban on the import, export and sale of goods made with forced labour has been proposed in the European Union. This regulation will direct member states to introduce their own processes for investigating potential […]

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DWP, Department of Work and Pensions

Newly elected UK Prime Minister and Conservative Party leader Liz Truss has appointed a new secretary of state within the Department for Work and Pensions (DWP), as pension schemes’ holdings come under increased scrutiny.

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Boris Johnson announces his resignation outside no. 10 Downing Street

Guy Opperman, the longest-serving minister for pensions resigned yesterday shortly before Boris Johnson announced his own resignation. Opperman made his motive clear on Twitter, stating it “has been an honour, and a great responsibility to serve as a minister but we need leadership change, and I have resigned.”

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