UK corporate reporting

FRC promises corporate governance and reporting crackdown The Financial Reporting Council (FRC) is to expand its monitoring of corporate governance and reporting standards as it considers the effectiveness of its new governance code. In its annual report for the year ending 31 March 2019, the FRC said it will continue to tackle poor-quality audit work, […]

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Board chair tenure – how will companies respond? FTSE 250-listed food retail company SSP Group holds its AGM on 21 Feb 2019 and shareholders may have noticed that the board chair, Vagn Sørensen has served on the Board since June 2006. The new UK Corporate Governance Code, however, states that the chair should not serve […]

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A revised corporate governance code came into effect on 1st January 2017 in the Philippines. The code has been developed by the IFC, a member of the World Bank Group, and the Philippine Securities and Exchange Commission (SEC) with the aim of improving the competitiveness of listed companies in the country and their ability to attract foreign […]

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NZX, the New Zealand stock exchange, has published a draft revised corporate governance code (NZX Code) and feedback to its earlier consultation on the changes required. This is the  first substantial update to the NZX Code since 2003. The key changes to the code relate to environmental, social and governance (ESG) reporting, diversity reporting and […]

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IFC, a member of the World Bank Group and the State Securities Commission of Vietnam (SSC) are working together to develop a corporate governance code for its listed companies. The IFC believes that the development of code will help Vietnamese companies attract more capital and make them more competitive in an environment of increasing regional economic integration. […]

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Manifest has this week published a Global Regulatory Review, keeping customers abreast of the latest developments in corporate governance and related disciplines around the world.   Global capital markets and investors expectations towards them have changed radically over the past 20 years. Sir Adrian Cadbury could probably never have guessed what his dryly-titled “Report of the […]

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AFEP-MEDEF has released their second annual report on the application of the French Corporate Governance Code (AFEP-MEDEF Code) by companies in the SBF 120 index. The report highlights an increase from 34% to 40% in the percentage of companies in the CAC 40 where the roles of Chairman and CEO are combined. Across the broader […]

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India’s review of corporate governance prompted by the Satyam scandal is now expected to result in the issue of corporate governance guidelines by the end of December, according to India’s Corporate Affairs Minister, Salman Khurshid. The guidelines are expected to be voluntary for the first year and are expected to cover issues such as directors’ […]

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Following a decision by the South African Institute of Directors to abandon a plan to launch a code aimed at encouraging engagement by institutional investors, the Public Investment Corporation (PIC) has pledged to pursue the matter, according to BusinessDay. Next month will see the publication of the King III Report on Corporate Governance which will […]

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The Institute of Directors in South Africa has published drafts of the King III Report and King III Code on Corporate Governance. Shareholders are being offered a chance for a say on pay but it won’t be mandatory. The draft code states that shareholders “should approve the company’s remuneration policy”, while noting that the Board is […]

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