The UK government has published the full text of its planned Shareholder Rights Directive (SRD II) legislation as it moves closer to bringing the new rules into law. …
Read More
SEC commissioner Elad Roisman, one of the four leading officials at the US regulator, has called for ESG labelling from fund groups to be made clearer.
However, at the same time Roisman is wary about more “prescriptive” ESG disclosure requirements being introduced for …
Read More
The role of proxy advisory firms and proxy plumbing in Canada could be set for a fundamental overhaul, following the publication of findings by the Capital Markets Modernisation Taskforce (CMMT).
In a wide-ranging remit, the taskforce has made …
Read More
Investors could get more time to pore over a controversial new Department of Labor (DOL) rule that could have severe negative implications for US ESG investing, after two Democratic lawmakers have stepped in.
As it stands, the public have just …
Read More
The European Commission has officially mandated the European Financial Reporting Advisory Group (EFRAG) to provide recommendations for updating non-financial reporting standards.
In an open letter, European Commission Executive Vice President Valdis Dombrovskis issued a request for technical advice to EFRAG …
Read More
Greek companies will soon be mandated to meet a 25% female quota on their boards following a landmark decision for gender diversity.
The quota requirement has been included as an amendment to the bill transposing the EU Shareholder Rights Directive …
Read More
Swiss pharmaceutical giant Novartis, a current and former subsidiary, has agreed to pay a total of $346.7m to reach settlements with the US Department of Justice (DOJ) and Securities and Exchange Commission (SEC) following investigations into bribery schemes.
The DOJ …
Read More
As relations between the two super-powers becomes increasingly strained, the Chinese financial regulator has confirmed the country’s commitment to improving corporate governance amid the fallout of the US-listed Luckin Coffee scandal. …
Read More
The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive.
The Autorité des marchés financiers …
Read More
A group of investors have called on the Securities and Exchange Commission to force companies to disclose how the Covid-19 pandemic has affected their business operations.
Representatives from 98 asset owners, fund …
Read More