With a backdrop of damning reports from MPs published last week on the demise of the retailer BHS and on poor working practices at Sports Direct, which both identified weak corporate governance as partly to blame for company failures, the Institute of Directors (IoD) has launched its Director Competency Framework which it said sets out the knowledge, skills and […]
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Read MoreA panel of shareholder representatives comprising Paul Lee of Aberdeen Asset Management, Kerrie Waring of ICGN, Sarah Wilson of Manifest and Cliff Weight of ShareSoc last week [23 November 2016] gave evidence to the BEIS Select Committee investigating corporate governance and directors duties in the UK. The BIS Committee inquiry follows on from the corporate […]
Read MoreThe House of Commons’ Business, Innovation, and Skills (BIS) Committee has launched an inquiry on corporate governance, focussing on executive pay, directors duties, and the composition of boardrooms, including worker representation and gender balance in executive positions. This follows the committee’s inquiries into the corporate collapse of retailer, BHS, and the working practices at Sports Direct […]
Read MoreThe TUC has claimed that it took the the UK’s highest paid chief executive (CEO), Martin Sorrell, less than 45 minutes to earn what an average UK worker earns over an entire year, following its analysis published at its annual congress held this week. Sorrell, the CEO of WPP, was paid £70 million in 2015, which according to […]
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Australia’s largest banks expect to reduce exposure to climate-risk affected industries, according to new research by the Australian Prudential Regulation authority (APRA).
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Investors declare “a change is gonna come” Asset owners and fund management groups are pressuring their portfolio companies to look at the makeup of their leadership teams in the wake of the Black Lives Matter protests. The under-representation of non-white ethnicities in the boardroom has been a concern for investors for some time, but the […]
Read MorePanellists agreed it was time to reset the governance debate highlighting the need for companies to improve their reporting and “be brave” in their disclosures to investors and other stakeholders at the Manifest seminar held this week. The event was hosted at the Financial Reporting Council and David Styles, its director of corporate governance, welcomed participants […]
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News of Snap Inc’s pending IPO arrived too late for our usual weekly round-up, but no matter, now that the full implications of the disappearing photo-apps disappearing votes have started to sink in, we can take a moment to reflect on what this really means for investors and good governance. First, a quick update on […]
Read MoreShareholders of JD Sports Fashion plc will note a massive 66% salary increase awarded to the executive chairman (from £423k to £700k) when considering the company’s remuneration report. Additionally, the remuneration committee is seeking shareholder approval for the chairman’s proposed cash-based long-term incentive award with a face value of £3.5m. The vesting conditions are based […]
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