Regulation Archives

EU: Luxembourg gave illegal tax benefits to Amazon

The European Commission has ruled that global online retailer Amazon must repay €250 million in illegal state aid that was granted to it by Luxembourg as tax benefits. The Commission stated that under a rule adopted by Luxembourg Amazon paid

Equifax data breach: the number of affected US consumers rises

Equifax, the credit rating agency, has announced that 2.5 million additional US consumers were potentially impacted by a data breach first publicly reported last month bringing the total to 145.5 million people.

The Equifax data breach led to a …

UK round up: Dividend disclosures improve

The quality and quantity of dividend policy and practice disclosures have improved in the UK, according to a study conducted by the Financial Reporting Council’s (FRC) Financial Reporting Lab.

The study examined how companies had responded to the Lab’s earlier …

Guidance launched to help UK boards take stakeholders into account

ICSA: The Governance Institute and The Investment Association (IA) have launched guidance to help UK company boards ensure they understand and weigh up the interests of their stakeholders when making strategic decisions.

This follows the recent publication of the government’s …

EY: Challenge to keep UK annual reports clear and concise

With UK annual reports continuing to steadily increase in length and demands for more disclosures the challenge remains for their preparers to keep reports clear and concise, according to Ernst & Young’s (EY’s) fourth annual review of FTSE 350 annual …

UK: Consultation begins on tougher takeover rules

The UK’s Takeover Panel is consulting on a tightening of the rules for company acquisitions. Under the new rules firms making a takeover bid will make clearer statements of intent in respect of its future plans for the business that …

Dutch draft stewardship code published

A Dutch stewardship code has been drafted by a group of pension funds, insurers and asset managers led by Eumedion, which represents the views of institutional investors on corporate governance and sustainability issues in the Netherlands.

Eumedion, which is …

PLSA: UK pension fund governance can learn lessons from corporate governance

UK Pension fund governance and its regulation could learn lessons from corporate governance according to a discussion paper produced by the Pensions and Lifetime Savings Association (PLSA).

The PLSA argues that the regulation by The Pensions Regulator (TPR) is currently …

SECP consults on regulations revising Pakistan’s corporate governance code

The Securities and Exchange Commission of Pakistan (SECP) is consulting on a corporate governance code for the country’s listed companies which have been issued as draft regulations under the recently passed Companies Act 2017.

The SECP said the Listed Companies …

UK corporate governance reforms: Pay ratio disclosure to be mandatory

The UK government is to require companies to publish pay ratios between chief executives – based on their total remuneration – and their average UK worker. This was among the actions outlined in the government’s response to its corporate governance …