Regulation Archives

UK PM Theresa May softens stance on worker representation

UK Prime Minister Theresa May appeared to soften her stance on board worker representation within UK companies having previously suggested they should be represented alongside consumers. Speaking at the CBI annual conference this week she said that the government’s coming …

FRC Stewardship Code tiers show leaders and laggards

The UK’s Financial Reporting Council (FRC) has revealed its first Stewardship Code tiering. For the first time, asset manager laggards have been threatened with de-listing; those in the lower tier 3 have been six months to improve.

There are

Cyber-security boost to UK as Tesco Bank suffers major attack

Cyber-security got a major boost from the UK government, just as Tesco Bank – a subsidiary of supermarket giant Tesco plc ($TESO) – became the latest public company to suffer millions of pounds of losses and dented customer confidence following …

Parliament publishes corporate governance evidence

Huge response to BEIS Select Committee

The UK’s Parliament’s Business, Energy and Industrial Strategy (BEIS) select committee has reported a larger than usual response to its request for written submissions to its corporate governance inquiry. Responses by the main industry …

South Africa: King Report IV Published

South Africa’s corporate governance guidance, the King Report IV, has been radically revised in its latest version. According to the Institute of Directors in Southern Africa (IoDSA) the report is considerably more accessible, making it applicable beyond …

Company tax disclosures improving says FRC

Company tax disclosure has improved in the UK according to the Financial Reporting Council (FRC). In a new review of 33 companies’ reports and accounts the FRC found evidence of improvements in the transparency of disclosures included in strategic reports …

SEC proposes universal proxy cards

In a move to improve shareholder democracy the US Securities and Exchange Commission (SEC) has proposed that universal proxy cards be introduced that allow investors to vote for directors as they would if they attended the company’s annual general meeting. …

Global Governance Regulatory Round-up

Taiwan

Corporate Governance Best-Practice Principles update

In response to the latest G20/OECD Principles of Corporate Governance, Taiwan has updated its Corporate Governance Best-Practice Principles for companies listed on its stock exchanges.

Key changes include allowing investor engagment; creation of …

UK lays out post-Brexit #corpgov strategy

It is important for the UK to continue to retain its reputation across the globe for the trustworthiness of corporate reports and for audit quality which attracts investment, Sir Win Bischoff, the Financial Reporting Council’s (FRC) chairman said at the

Canada launches major governance overhaul

Canada has introduced a bill aimed at improving its corporate governance framework. An Act to amend the Canada Business Corporations Act (CBCA), the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act includes proposals to increase shareholder …