BEIS aims to ‘restore’ investor trust in audit and corporate governance

BEIS aims to ‘restore’ investor trust in audit and corporate governance Audits could look at companies’ wider performance, including against key climate targets A government consultation is seeking views on a series of proposals to reform the UK’s audit, corporate reporting and corporate governance system, in an effort to “restore trust” and “empower investors”. In […]

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MEPs pave the way for higher environmental standards

MEPs pave the way for higher environmental standards New EU law on due diligence will also cover human rights issues MEPs are urging companies and investors to focus on sustainability by paving the way for a new EU law that requires them to address human rights and environmental standards. A legislative report, published on 10 […]

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Guy Jubb: AGMs have lost their sense of purpose

Guy Jubb: AGMs have lost their sense of purpose  Ex-Standard Life Investments governance head argues meetings should be complemented by continual dialogue Guy Jubb, former head of governance at asset management giant Standard Life Investments, claims AGMs have lost their sense of purpose and need urgent reform. Making his comments in a blog for the […]

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StanChart boss pay slashed 29%

StanChart boss pay slashed 29% CEO Bill Winters’ pay packet has been reduced to £3.8m The CEO of Standard Chartered has seen his pay packet slashed by 29% with the bank reporting heavy profit falls due to the fallout from Covid-19. This means chief Bill Winters’ pay packet for the year has fallen to £3.8m, […]

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Toshiba finds no evidence of pressuring Harvard over AGM vote

Toshiba finds no evidence of pressuring Harvard over AGM vote Largest shareholder Effissimo wants independent probe Toshiba has found no evidence it was involved in trying to influence the Harvard University endowment fund over voting at its AGM, following an internal investigation. However, the firm also said that it would not be launching a third-party […]

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Investors back EU plan for human rights due diligence rules

Investors back EU plan for human rights due diligence rules The Investor Alliance for Human Rights wants mandatory, rather than voluntary, reporting and due diligence rules for corporations The Investor Alliance for Human Rights has called for EU companies to be held legally liable for human rights due diligence failures. In a response to an […]

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Minerva launches pooled fund split voting service: ‘VotePlus’

AMX and DWS adopt Minerva’s split voting technology ‘VotePlus’ in upcoming launch New solution rapidly accelerates sustainable stewardship Minerva Analytics, Europe’s leading independent proxy voting agency, has embedded its VoteTech in a new, ground-breaking solution designed to help investors better meet their stewardship commitments. The Asset Management Exchange (AMX), part of the Willis Towers Watson […]

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UK cracks down on Chinese imports linked to forced labour

Government takes up the plight of Uyghur Muslims The UK government is introducing new rules to prevent the import of goods suspected of using forced labour in China’s Xinjiang province. Foreign secretary Dominic Raab told the House of Commons on Tuesday that companies would have to make sure their supply chains are free from forced […]

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Government urged to prioritise audit industry reform

Reform is an “urgent priority”, says accountancy body chief The accounting industry is urging the government to prioritise reform of the sector following the appointment of Kwasi Kwarteng as business secretary. Michael Izza, chief executive of the Institute of Chartered Accountants in England and Wales (ICAEW), said Kwarteng needed to make reform of corporate governance […]

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CII backs Nasdaq’s proposal to improve diversity on boards

Companies could be delisted if they fail to meet ‘comply or explain’ requirement The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting. In a letter filed with the Securities Exchange Commission on 30 December, the non-profit association of US […]

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