Investors urge DoL to pull ESG proposals

Wisconsin Democrat wants to put investors back in charge

US Senator Tammy Baldwin has proposed new legislation that would reverse a final rule from the Department of Labor (DOL) to limit retirement plans from voting on corporate proxies.

On 11 …

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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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Nasdaq proposes diversity disclosure for listed companies

Nasdaq proposes diversity disclosure for listed companies

The stock exchange group wants companies to disclose diversity data and impose minimum representation requirements 

Nasdaq has filed a proposal with the US Securities and Exchange Commission (SEC) that, if approved, would require all companies listed on Nasdaq’s US exchange

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DWP launches pension scheme voting task force

Minister noted time was up to wait for industry to make a change

Pensions Minister Guy Opperman has announced the establishment of the Taskforce on Pension Scheme Voting Implementation, with a focused remit

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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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UK government urges finance firms to make net-zero pledge

UK government urges private finance firms to make net zero pledge

Finance is a central theme in the race to net zero

The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future.

Speaking …

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Audit watchdog: UK companies must report climate disclosures

Audit watchdog: UK companies must report climate disclosures

FRC to push companies to speed up on the race to net zero

Companies are being urged to improve their reporting on climate change to meet the increased expectations of investors.

On …

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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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