The US Department of Justice (DoJ) has expressed deep concerns over proxy advisor rule amendments proposed by the country’s financial regulator, warning the changes could quash competition in the advisory market and restrict …
Read More
Investors up in arms over SEC climate proposals
SEC chairman Jay Clayton has again come under fire for failing to go far enough on climate disclosures, as the regulator pushes to give company bosses yet more control over the information …
Read More
The UK’s foremost standards body, the BSI, has released what it labels a “pioneering” framework to help organisations embed the principles of sustainable finance into their business processes.
The framework, or so-called Publicly Available Specifications (PAS), is launched in collaboration …
Read More
Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day practices, according to a new report from the Financial Reporting Council’s Financial Reporting Lab.
Workforce-related matters such as working conditions, changing contractual arrangements and automation …
Read More
Investors look ahead to ambitious EU agenda
Fund groups, investors and law firms are weighing up the readiness of EU member states to implement new rules relating to environmental, social and governance-based investments.
Top of the list is the introduction …
Read More
It has become one of the most disparaged – and lampooned – regulatory institutions of this century.
The Financial Reporting Council’s (FRC) oversight of the audit profession has been dubbed everything from ramshackle to …
Read More
Shortcomings in SEC proposals exposed
Minerva Analytics has written a no-holds-barred letter to the US Securities and Exchange Commission (SEC) stressing several major issues with the regulator’s proposed proxy adviser rules.
The letter, penned by Minerva CEO Sarah Wilson, makes …
Read More
The Risk Coalition has published its long-awaited final principles-based guidance for UK board risk committees – urging firms to adopt the principles early to meet the “challenging” framework.
In its guidance report, titled ‘Raising the Bar’, the Risk Coalition outlines …
Read More
Companies face new reporting and governance targets
Companies have been urged to improve their corporate reporting and governance practices in a new report from the Financial Reporting Council.
The FRC published its Annual Review of the UK Corporate Governance …
Read More
SEC chairman Jay Clayton has faced an extraordinary grilling over the fake investor letters he cited in ‘support’ of the regulator’s proxy advisor rule changes – with a prominent US senator telling him he was “duped”.
Clayton was finally forced …
Read More