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 …

Read More
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 …

Read More
Lost Votes - concern mounts over corporate governance in Japan

Lost Votes – concern mounts over corporate governance in Japan

Corporate governance has come under the spotlight in Japan after one of its biggest providers of shareholder services said it may have miscounted investor votes at almost 1,000 companies ahead

Read More
Jamie Dimon

CEO stakeholder commitments illusory claim Harvard duo

Research conducted by two renowned Harvard academics has cast doubt on the commitments made a year ago by 181 CEOs affiliated to the Business Roundtable trade group.

Twelve months ago, business leaders …

Read More
Lord Callanan, Minister for Climate Change and Corporate Responsibility

UK commits to new accounting watchdog, despite delays

The UK government has pledged to push ahead with a new authority to oversee corporate governance standards, following criticism from a top business committee over its inaction to date.

In an open

Read More
US business lobbies press for laws on boardroom diversity

US business lobbies press for laws on boardroom diversity

A group of US business associations has called on the Senate to ratify legislation on boardroom diversity that was passed by the other chamber last year.

In an open letter to …

Read More
US business lobbies press for laws on boardroom diversity

Greek companies will soon be mandated to meet a 25% female quota on their boards following a landmark decision for gender diversity.

The quota requirement has been included as an amendment to the bill transposing the EU Shareholder Rights Directive …

Read More
Governance takes centre stage in US/China face-off

Governance takes centre stage in US/China face-off

As relations between the two super-powers becomes increasingly strained, the Chinese financial regulator has confirmed the country’s commitment to improving corporate governance amid the fallout of the US-listed Luckin Coffee scandal.

Read More
Boardroom woes sees more departures from EasyJet

Boardroom woes sees more departures from EasyJet

Further turmoil has gripped budget airline EasyJet after two board members announced their departure amid the ongoing bitter row between the leadership team and founder Stelios Haji-Ioannou over a plane order.

EasyJet ordered …

Read More
T Rowe Price: Engagement or voting? Asset manager advocates alternatives

Direct engagement with companies produces better results than shareholder resolutions at AGMs, an asset manager has argued.

US investment house T Rowe Price, which runs approximately $1trn, stated in its annual ESG report that it preferred to engage one-to-one with …

Read More