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
The chief of UN-backed Principles for Responsible Investment (PRI) has lashed out at the SEC and corporate lobby groups for trying to dampen investor rights.
In an opinion piece for the FT this week, chief executive of the PRI Fiona …
Read More
OECD applauds “game changer” forum on tax evasion
A massive jump in the number of countries trading information has pumped an extra €100bn into global tax revenues over the last decade – although some nations are still failing to join …
Read More
The SEC’s attempts to impose tough new regulations on proxy advisers have taken a sinister turn following revelations its chairman has been citing …
Read More
A war of words has broken out between investors and the Securities and Exchange Commission (SEC) following the regulator’s controversial proposal to amend its proxy voting rules.
On 5 November, the SEC proposed new changes to how proxy advisory firms operate – with some criticising the move …
Read More
The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020.
The revised Code has set a higher standard for how money is …
Read More