US regulator draws internal criticism for pressure over proxy firm influence
The Securities and Exchange Commission has drawn criticism from within its own ranks after pushing investment managers to question and probe the influence proxy voting firms on have on …
Read More
SEC outlines planned risk disclosure changes
The Securities and Exchange Commission (SEC) is proposing to change its regulations on business, legal proceedings, and risk factor disclosures.
The SEC says that the amendments are intended to improve disclosures for investors and …
Read More
The UK’s pension watchdog, The Pensions Regulator, has uncovered a disturbing lack of readiness for the DWP’s upcoming ESG regulations. In a survey of the 100 largest schemes, 80% were …
Read More
The Canadian Securities Administrators (CSA) has become the latest securities regulator to step forward with guidance for quoted companies on climate change risk disclosures.
CSA Staff Notice 51-358 Reporting of Climate Change-related Risks is intended …
Read More
New anti-corruption guidance available from ICGN
This revised and updated version of the original ICGN Anti-Corruption Guidance, published in 2009, clearly delineates between bribery and corruption.
The International Corporate Governance Network (ICGN) has invited responses from members to revisions …
Read More
The Financial Reporting Council (FRC) dealt out a record £43m in fines during the past year for misconduct and breaches, as the regulator accelerated cases to conclusion.
The …
Read More
As the SEC’s Proxy Plumbing saga rumbles on, the Commission has signalled that public companies, shareholders and other stakeholders in the US may soon get the transparency in the proxy system …
Read More
HMRC loses chief to new audit watchdog as Leadsom means business
The chief executive of Her Majesty’s Revenue and Customs service has been confirmed as the person to lead the Financial Reporting Council into the refreshed entity the Audit, Reporting …
Read More
ESMA pulls back from ESG legislation for rating agency methodology
On July 18, the European Securities and Markets Authority published technical advice to the European Commission outlining its reluctance to compel these firms to include ESG factors in their analysis, …
Read More
Risk Coalition begins consultation on board risk functions
The Risk Coalition has issued a consultation on its ‘Principles and guidance for board risk committees and risk functions in the UK financial services sector’, which was published on 26 June.…
Read More