Regulation Archives

Connect Group: Internal control failings identified by the Board

FTSE SmallCap Connect Group has recently gone through a shake-up of its executive team following trading and operational concerns, internal control failings, and a fall in share price. In light of …

ITE Group to seek shareholder approval to amend remuneration policy

At FTSE SmallCap ITE Group’s upcoming AGM the board is seeking shareholder approval to amend its remuneration policy and Performance Share Plan (PSP) to allow for enhanced awards to be …

Tax Secrecy: GRI Consultation, New Minerva Guidelines

Academic research has found that tax avoidance can increase the risk of share price crash [1] and the public revelation of aggressive tax avoidance can result in negative investor reaction and potential significant …

Applied Graphene Materials: compliance with codes is not the same as meeting investors’ expectations

AIM-listed Applied Graphene Materials holds its AGM on 18 December 2018 and with the elevated awareness of AIM governance standards, it’s worth taking a look at AGM’s AGM disclosures to better understand the differences between what’s expect of main and …

Associated British Foods: a lack of political expenditure transparency

FTSE 100-listed Associated British Foods reported in its annual report that a subsidiary of the Group incurred political expenditure to the approximate value of £5,000 during the year. The Company has not disclosed any further details on the expenditure, such …

MJ Gleeson: Intention to address Governance Code’s requirements

FTSE SmallCap urban regeneration and land development specialist MJ Gleeson Group holds its AGM on 6 December and shareholders may hold concerns with the level of independence on its board.

MJ Gleeson’s board consists of CEO & Managing Director Jolyon …

AIM companies: New corporate governance requirements announced

The London Stock Exchange has confirmed that it has strengthened the corporate governance requirements for AIM companies from the 28th September this year with new entrants to the market having to comply with the rule from the end of March …

Asian Spotlight: Investors urged to oppose Hong Kong dual class share structure plans

The International Corporate Governance Network (ICGN) and the Asian Corporate Governance Association (ACGA) are urging institutional investors to respond to the latest consultation from the Hong Kong stock exchange which proposed allowing certain companies with dual-class share structures to list. …

UK sets a better example of shareholder voting research

In a recent article in the Sunday Times British entrepreneur, Paul Johnson criticised the voting recommendations made by proxy voting advisers – including the recent advice that he be removed from the board of Aim-listed hotel chain, Elegant. But…

Regulatory round up: Pakistan publishes draft Shariah Governance Regulations

The Securities and Exchange Commission of Pakistan (SECP) has begun a consultation into draft Shariah governance regulations, which it said are a comprehensive set of requirements for the governance of Shariah-compliant companies and entities, Shariah-compliant securities and Islamic financial institutions …