Regulation Archives

Countries should follow France’s lead on corporate accountability

The European Coalition for Corporate Justice (ECCJ), along with the French corporate accountability platform, Forum Citoyen pour la RSE, has called for European countries, EU institutions and the wider international community to follow the lead of France which …

S&P 100 companies increase disclosure on investor engagement

Nearly half of S&P 100 companies included information in 2016 that showed how they responded to shareholder concerns and made changes to policies, according to a new report from US corporate adviser, Equilar.

In 2016 42% of S&P …

UK’s FRC asks for more governance powers

The UK’s Financial Reporting Council (FRC) has argued that it needs more powers to take enforcement action against directors so that it can investigate and prosecute all directors for financial reporting breaches and associated issues of integrity, rather than only …

Italian shareholder association formed to protect investors

An Italian shareholder association has been formed to protect the group minority, with a particular focus on listed small and medium-sized enterprises (SMEs).

The Italian Association for the Exercise of Shareholders’ Rights, AIEDA, has been set up by a …

Comment: Proxy adviser mafia shakedown? Put up or shut up.

In a recent edition of The Times, Financial Editor Patrick Hosking wrote an item entitled “Adviser is accused of mafia‑style shakedown” in which the business community raised concerns about the potential conflicts of interest in the governance services industry. It …

FRC UK chairman announces review of corporate governance code

FRC: Wide-ranging review of UK corporate governance code launched

The UK’s corporate governance landscape could be set for set for a wholesale changes after the Financial Reporting Council (FRC) announced a wide-ranging review of the corporate governance code. This will take into account the regulator’s recent work on corporate …

Pensions must be part of corporate governance debate

The UK’s Work and Pensions Select Committee has used its response to the government’s green paper on corporate governance to emphasise that public and private companies need to ensure that their pension fund forms part of their corporate thinking.

The …

President Trump begins rollback of Dodd-Frank

President Donald Trump signed an executive order on Friday (3rd February) seeking a review of the 2010 Dodd-Frank financial regulatory framework. At the same time President Trump has rescinded the Fiduciary Rule which was designed to eliminate investment advisor conflicts-of-interest…

Stewardship code India: insurers published

Stewardship Code & Governance updates: India, Nigeria

The Insurance Regulatory and Development Authority of India (IRDAI) has published a draft stewardship code for insurers in their role as institutional investors managing funds on behalf of policyholders.

The IRDAI said: “Considering the fiduciary role played by the …

ICSA and IA guidance to support company boards to engage with stakeholders

Boards, investors explore better stakeholder relations

A project to help boards understand and factor in the views of their employees and other stakeholders led by the ICSA: The Governance Institute and the Investment Association, has been welcomed by the UK’s Financial Reporting Council (FRC).

The …