Regulation Archives

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 …

UK consults on non-financial reporting

The UK’s Financial Reporting Council (FRC) has begun a consultation on amendments to its guidance on the strategic report which aims to improve non-financial reporting by companies. The guidance was originally issued in 2014 when strategic reports were introduced.

The …

shareholder proposals US Chamber of Commerce

Are shareholder proposals the burden the US Chamber of Commerce claims?

No, says veteran US corporate governance activist James McRitichie, In his blog, CorpGov.net, Jim emphatically rebuts the claims made in a paper recently published by the US Chamber of Commerce’s Center for Capital Markets Competitiveness which argues that the …

UK Stewardship Code: and then there were two (tiers)

The UK’s Financial Reporting Council (FRC) has removed its tier three category of asset managers, which suggested they required improvement, in their adherence to its stewardship code.

The FRC launched an assessment in December 2015 of the signatories to …

Financial Conduct Authority Senior Managers and Certification Regime

UK’s financial regulators extend governance regime

The Financial Conduct Authority (FCA) has published proposals to extend the senior managers and certification regime (SM&CR) across most regulated firms replacing the existing approved persons regime. This follows a government announcement in October 2015 that it wished to extend …

Supreme Court rules UK employment tribunal fees unlawful

The UK Supreme Court has ruled that government-imposed employment tribunal fees were unlawful as they prevented access for people enforcing their statutory employment rights. These fees have now been stopped and the government will not have to refund for fees …

German rules not contrary to EU free movement rules

Germany’s laws on employee participation giving staff based in the country the right to vote for half of the membership of its supervisory board do not contravene the EU’s law on the free movement of people, the European Court of …