Regulation Archives

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 …

IoD calls for greater transparency on pay

The Institute of Directors (IoD) has called for tougher rules on executive pay, including greater transparency over the effect of share buy-backs, in its response to the Financial Reporting Council’s (FRC) consultation on the revised UK corporate governance code.

The …

US Federal Reserve takes strong action against Wells Fargo

The US central bank, the Federal Reserve, which regulates the country’s financial institutions, has restricted the growth of Wells Fargo following “recent and widespread consumer abuses and other compliance breakdowns”. The restriction on the bank is to continue “until …

Regulatory round up: Australia toughens up banking regulation

Australia has toughened up banking regulation after its upper house, the Senate, passed a law which gives its financial regulator, the Australian Prudential Regulatory Authority new powers, including the ability to cap bankers’ pay.

Under the Treasury Laws Amendment (Banking …

UK: Labour criticises choice of chair for private firm governance review

The Labour Party has criticised the UK government’s choice of chair for its coalition group that will be developing corporate governance principles for private companies. James Wates CBE, chairman of Wates, a family-owned construction firm, chaired the first meeting …

Carillion: MPs grill FRC chief executive over regulator’s role

UK MPs investigating the collapse of Carillion gave Steve Haddrill, Financial Reporting Council (FRC) chief executive, a grilling over the regulator’s role in recent years.

In his evidence to the joint inquiry by the House of Commons’ Work and Pensions …

Nigeria: More companies pass corporate governance rating test

Nigeria’s Corporate Governance Rating System (CGRS) has announced that 25 companies successfully passed its rating test joining the eight firms that retained their rating from the CGRS pilot in 2014. This brought the total number of companies that reached the

Malaysia: Progress on getting women on top company boards

Malaysia is close to achieving its target of getting women on the boards of all of its top 100 companies its Securities Commission (SC) has announced.

When the Malaysian code on corporate governance (MCCG) was published in April last year…

Code round-up: Singapore consults on revised governance code

Singapore’s corporate governance council, which was established by the Monetary Authority of Singapore in February 2017, is consulting on a revised corporate governance code for the country which it is hoped will strengthen investor confidence in its capital markets.…