IFC, a member of the World Bank Group and the State Securities Commission of Vietnam (SSC) are working together to develop a corporate governance code for its listed companies. The IFC believes that the development of code will help Vietnamese companies attract more capital and make them more competitive in an environment of increasing regional economic integration. […]
Read MoreA group of 13 US and Canadian fund managers, pension funds and company bosses have taken the unprecedented step of endorsing a set of corporate governance principles in a bid to quell rising unease and conflict around US governance standards. In an open letter the business leaders, who include Jamie Dimon, chairman and chief executive of JP […]
Read MoreSome UK investors can do more to show their commitment to the Stewardship Code’s principles according to Sir Win Bischoff, chairman of the Financial Reporting Council (FRC) speaking at the Chartered Banker’s Culture and Conduct Forum for the Financial Services Industry this week. Bischoff said that the FRC encourages investors to explain their stewardship policies and practices […]
Read MoreAfter the initial push to increase board diversity over the past five years, progress appears to have slowed according to two reports published by the UK government and Cranfield School of Management. The UK government has therefore launched a review focusing on increasing female representation to 33% of boards across the FTSE 350 by 2020. This target was […]
Read MoreTackling low business productivity levels since the 2008 financial crisis and recession requires more long-term thinking from investors according to the report How Good is Your Business Really? Raising our ambitions for business performance published last week by the UK’s business-led Productivity Leadership Group (PLG). The report suggests that short-termist financial pressures can compel managers to seek out quick wins. […]
Read MoreThe UK’s parliamentary inquiry into the collapse of the retailer, BHS, continued lastweek with the questioning of Sir Philip Green, the chairman of Arcadia and former owner of the business. MPs tried to relate Green’s conduct in relation to the BHS pension fund, which has a £571m deficit, and the sale of the business to […]
Read MoreAs inquiries continue into the retailer BHS – focusing on its sale last year and its large pension fund deficit – its administrators, Philip Duffy and Benjamin Wiles, managing directors at Duff & Phelps, announced that it had been unable to find a buyer for the business and it would be wound down and its 163 stores would […]
Read MoreBritish companies are losing out – potentially by over £130bn a year – because they lack clear corporate purposes that unite all stakeholders in common goals and values, according to the interim report by the Purposeful Company Taskforce, which was established by the Big Innovation Centre. The taskforce believes that having companies with a clear purpose makes them […]
Read MoreNomination committees have been the poor relation of board committees, according to advisory firm, Ernst & Young (EY). However this appears to be changing as companies adapt to demands for a more professional approach to director recruitment and to scrutiny about board diversity and effectiveness. In The nomination committee — coming out of the shadows published […]
Read MoreThe Dutch corporate governance code monitoring committee is currently revising its country’s corporate governance code – first released in 2003 – following a consultation on the proposed changes which ended last month. The committee is expected to publish the finalised version in the autumn. The code has been written based on the traditional two-tier board structure however the committee […]
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