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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Twenty-five years of corporate governance reforms in the UK have tended to create a compliance culture on company boards with non-executive directors more focused on risk mitigation and monitoring than supporting management to boost their businesses according to a report from the think tank, Tomorrow’s Company. Entitled NEDs From Monitors to Partners, the report argues […]
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Companies seeking to list on South Africa’s Johannesburg Securities Exchange (JSE) will now have to comply with the King IV corporate governance codes (King IV), which was published last year, as part of amended listing requirements. Companies already listed must make disclosures in relation to the King IV rules from 1st October. The new listing rules […]
Read MoreUber’s founder and chief executive Travis Kalanick, who last week said he would take indefinite leave, has now resigned from his post although he remains on the board of the technology-driven ride-hailing company, following pressure by shareholders, reports state. Kalanick’s resignation was first reported in the New York Times which stated that five of Uber’s major investors demanded that […]
Read MoreBoard diversity and gender pay equity were key themes for the 2017 proxy season in the US, according to the annual review by the EY Center for Board Matters. The report noted that this year’s proxy season was notable for the launch of the US stewardship code in February and the emergence of proxy access as standard […]
Read MoreThe board of the technology-driven ride-hailing company, Uber, has vowed to improve its corporate culture following a report which recommended sweeping reforms. However, it has been widely reported that its chief executive Travis Kalanick has taken indefinite leave. Despite talk about a possible listing Uber remains a private US-headquartered company but is now an international brand […]
Read MoreThe Indian financial regulator, the Securities and Exchange Board of India (SEBI) has set up a committee to advise on issues relating to the corporate governance of listed companies. SEBI wants the committee to recommend improvements within the next four months. Specifically SEBI is asking the committee to make recommendations on: 1.Ensuring independence in spirit of […]
Read MoreCompliance with the Japanese corporate governance code of 2015 shows strong compliance according to research published by the Tokyo Stock Exchange (TSE). The Code contains five general principles, 30 principles, and 38 supplementary principles and like the UK code a “comply or explain”approach has been adopted in respect of how companies comply. Analysis of compliance against the […]
Read MoreThe NZX’s revised corporate governance code (the NZX Code) and its supporting rule amendments have been published. The New Zealand Stock Exchange (NZX) which administers the code said this was the first substantial update since 2003 and represented a significant step forward for corporate governance reporting requirements in New Zealand. NZX conducted a major consultation on the code […]
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