Over 100 shareholders have again requisitioned a resolution calling on the Royal Bank of Scotland (RBS) to establish a shareholder committee in a campaign organised by private investor groups – the UK Individual Shareholders Society (ShareSoc) and the UK Shareholders Association (UKSA). The resolution and requisition forms from 161 shareholders were delivered to the RBS’s London […]
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Sri Lanka’s Institute of Chartered Accountants (CA Sri Lanka) recently published its revised Code of Best Practice on Corporate Governance 2017. Speaking at the launch event outgoing president of CA Sri Lanka Lasantha Wickremasinghe said that good corporate governance can contribute greatly to a country such as Sri Lanka, which was going through a phase of revival. He […]
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The London Stock Exchange (LSE) is consulting on rules changes for AIM companies including the requirement for firms to report against a recognised corporate governance code. Responses to the LSE’s discussion paper released in the summer found a majority supported firms reporting against a code on a comply or explain basis. Under the revised rules […]
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Despite its shorter length companies may find adapting to the UK’s revised corporate governance code challenging, business leaders and advisers suggested. However, there was broad support for the approach taken by the Financial Reporting Council (FRC) after it launched its consultation last week. Carolyn Fairbairn, director-general of the Confederation of British Industry (CBI), which represents […]
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The UK’s Financial Reporting Council (FRC) has proposed a revised corporate governance code which it said is “shorter and sharper” than the existing code and builds on its work into corporate culture last year. The FRC said the revised code focused on the importance of long-term success and sustainability, addressed issues of public trust in […]
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The Hong Kong Stock Exchange is holding a consultation on a revised corporate governance code and changes to its listing rules. The stock exchange said the review of the Hong Kong code was driven by a desire to raise the overall standards of corporate governance amongst issuers and directors, having taken into account relevant international practice […]
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Drinks company Diageo has topped the latest rankings for good corporate governance from the Institute of Directors (IoD) in its third annual review of the UK’s top 100 companies. The 2017 Good Governance Report was compiled for the IoD by Cass Business School and examines a range of 47 factors relating to how companies are […]
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The European Bank for Reconstruction and Development (EBRD) is assisting the Croatian Financial Services Supervisory Agency (HANFA) and the Zagreb Stock Exchange (ZSE) to update and strengthen the country’s corporate governance code. Croatia has had a code for companies listed on the Zagreb Stock Exchange since 2007, which was drafted by ZSE in cooperation with HANFA. […]
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Recommendations were published this week by SEBI panel chaired by Uday Kotak which are designed to radically improve corporate governance practices in India. The committee on corporate governance was set up in June by the Securities and Exchange Board of India (SEBI) and asked to submit their proposals within four months. Key issues SEBI wanted to […]
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The quality and quantity of dividend policy and practice disclosures have improved in the UK, according to a study conducted by the Financial Reporting Council’s (FRC) Financial Reporting Lab. The study examined how companies had responded to the Lab’s earlier report, Disclosure of dividends – policy and practice, published in 2015. This report recommended improvements to dividend policy and […]
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