South Korea's governance

In the opening remarks of his New Year press conference South Korea’s President, Moon Jae-in promised to push for corporate governance reform through the introduction of a stewardship code and improvements in shareholders’ voting rights.

He admitted that the …

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Sri Lanka

Sri Lanka’s Institute of Chartered Accountants (CA Sri Lanka) recently published its revised Code of Best Practice on Corporate Governance 2017.

Speaking at the launch event outgoing president of CA Sri Lanka Lasantha Wickremasinghe said that good corporate governance …

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Hong Kong

The Hong Kong Stock Exchange (HKEX) is to expand its listing regime in a bid to attract more companies from growing business sectors and to boost its competitiveness compared with other major financial centres.

This follows a consultation which began …

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AIM governance rules

The London Stock Exchange (LSE) is consulting on rules changes for AIM companies including the requirement for firms to report against a recognised corporate governance code. Responses to the LSE’s discussion paper released in the summer found a majority supported …

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Australia Glaxosmithkline Novartis

The Australian Competition and Consumer Commission (ACCC) is taking subsidiaries of pharmaceutical giants GlaxoSmithKline (GSK) and Novartis to court over misleading marketing of the Voltaren Osteo Gel and Voltaren Emulgel pain relieving gels.

It is alleged that both firms claimed …

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Views on revised UK code: Companies may find the changes challenging

Despite its shorter length companies may find adapting to the UK’s revised corporate governance code challenging, business leaders and advisers suggested. However, there was broad support for the approach taken by the Financial Reporting Council (FRC) after it launched …

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corporate governance codes

The UK’s Financial Reporting Council (FRC) has proposed a revised corporate governance code which it said is “shorter and sharper” than the existing code and builds on its work into corporate culture last year.

The FRC said the revised code

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TPR ESG

UK pension fund trustees who want to fulfil their fiduciary duty should be able to implement their environmental, social and governance (ESG) policies and challenge their investment advisers on these issues according to The Pensions Regulator (TPR).

The regulator issued …

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FTSE 50 tax strategy

Most  UK FTSE 50 companies have yet to fully embrace new government regulation that requires large businesses to publish an annual UK tax strategy, according to a recent report by the Fair Tax Mark and the Local Authority Pension …

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Shariah governance

New corporate governance regulations will come into effect in Pakistan from 1st January 2018 after their approval by the country’s Securities and Exchange Commission. Pakistan’s Companies Act, 2017, has also been passed, which provided the country’s framework for corporate …

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