A Dutch stewardship code has been drafted by a group of pension funds, insurers and asset managers led by Eumedion, which represents the views of institutional investors on corporate governance and sustainability issues in the Netherlands. Eumedion, which is one of the seven supporting organisations of the Dutch corporate governance code said that developments in the EU […]
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The Securities and Exchange Commission of Pakistan (SECP) is consulting on a corporate governance code for the country’s listed companies which have been issued as draft regulations under the recently passed Companies Act 2017. The SECP said the Listed Companies (Code of Corporate Governance) 2017 draft regulations are aimed at strengthening governance structures, bring consistency […]
Read MoreIn the run up to the Sports Direct AGM this week (6th September) there were calls for shareholders to vote against the re-election of its chairman, Keith Hellawell, amid concerns that he has not been strong enough in dealing with the governance concerns that have surrounded the retailer for the past two years. Having said […]
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The UK government is to require companies to publish pay ratios between chief executives – based on their total remuneration – and their average UK worker. This was among the actions outlined in the government’s response to its corporate governance green paper consultation which ended earlier this year. The government said that the pay ratio information: […]
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AIM-listed Telit Communications has dismissed its chief executive, Oozi Cats, following the revelation that he had faced criminal charges and was on run from the US authorities. Yosi Fait, the financial director was appointed as interim chief executive. Following investigations by media outlets, including the financial blog ShareProphets it was suggested that Oozi Cats and his wife […]
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A report from think-tank, the New Economics Foundation (NEF) suggests that to meet the economic, social, and environmental challenges of the twenty first century the UK needs to move from the current dominant shareholder corporation model as it is no longer fit for purpose. This publication follows on from other recent reports that have been critical of the […]
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The UK needs to implement corporate governance reform as part of plans to boost the economy as it leaves the EU according to the Institute for Public Policy Research’s (IPPR) Commission on Economic Justice that is rethinking economic policy for post-Brexit Britain. In its latest report, the IPPR’s Commission suggests that corporate governance reform is vital […]
Read MoreRetailer Sports Direct which has been under intense scrutiny from investors, politicians and the media for over a year due to perceived corporate governance failings and criticisms of its working practices has appointed a permanent finance director. Jon Kempster will join the company and its board in September. His previous experience includes being finance director […]
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Michael McCauley, Senior Officer – Investment Programs & Governance State Board of Administration (SBA) of Florida, which runs the assets of the state’s pensions funds, has taken over from Triodos’ Erik Breen as chair of the International Corporate Governance Network (ICGN). McCauley is also a former chair Council of Institutional Investors and a founding member of […]
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Corporate governance in Kenya is improving due to enhanced corporate disclosure and improved regulation according to this year’s corporate governance index from Cyton Investments. Cyton noted that its first index, and accompanying corporate governance analysis, published last year had painted a gloomy picture of Kenyan companies as one where investors had amassed substantial losses amounting to […]
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