Regulation Archives

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.…

Regulatory updates: Hong Kong to strengthen auditor oversight

Hong Kong’s Financial Reporting Council (FRC) has welcomed the governments plans to strengthen auditor oversight in Hong Kong.

The Financial Reporting Council (Amendment) Bill 2018, will be introduced into the Legislative Council of Hong Kong for its first reading …

UK’s Financial Reporting Council: stakeholders call for more transparency

The UK’s Financial Reporting Council (FRC) has published the findings of a survey of its stakeholders in which many call for more transparency in its internal processes and state that its current enforcement activities are too slow.

The FRC said …

Global governance round up: South Korea’s president promises reform

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 …

Sri Lanka releases revised corporate governance code

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 …

Hong Kong Stock Exchange to expand its listing regime to attract more companies

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 …

LSE consults on governance rules changes for AIM companies

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 …