corporate governance Archives

IRRI Survey 2017: Manifest ranks Top 4th on Proxy Voting Execution

Manifest has achieved a Top 4th ranking for the independent provider that is best at delivering Proxy Voting Execution in the IRRI Survey 2017, the globally-authoritative review of trends in independent SRI & corporate governance research.

The IRRI survey …

AIM companies: New corporate governance requirements announced

The London Stock Exchange has confirmed that it has strengthened the corporate governance requirements for AIM companies from the 28th September this year with new entrants to the market having to comply with the rule from the end of March …

Directors survey: National corporate governance codes need local adaption

National corporate governance codes need to be adapted to take account of the challenges that exist when companies have dominant shareholders or small groups of shareholders collectively have a dominant share of the total shareholder vote according to a survey …

IoD calls for greater transparency on pay

The Institute of Directors (IoD) has called for tougher rules on executive pay, including greater transparency over the effect of share buy-backs, in its response to the Financial Reporting Council’s (FRC) consultation on the revised UK corporate governance code.

The …

US Federal Reserve takes strong action against Wells Fargo

The US central bank, the Federal Reserve, which regulates the country’s financial institutions, has restricted the growth of Wells Fargo following “recent and widespread consumer abuses and other compliance breakdowns”. The restriction on the bank is to continue “until …

“Delusional” former Carillion directors appear before MPs

The former directors of Carillion who appeared before the joint Work and Pensions and Business, Energy and Industrial Strategy Committees inquiry into the company’s collapse last month were labelled as “delusional” by its co-chairs Frank Field MP and Rachel Reeves …

UK: Labour criticises choice of chair for private firm governance review

The Labour Party has criticised the UK government’s choice of chair for its coalition group that will be developing corporate governance principles for private companies. James Wates CBE, chairman of Wates, a family-owned construction firm, chaired the first meeting …

Nigeria: More companies pass corporate governance rating test

Nigeria’s Corporate Governance Rating System (CGRS) has announced that 25 companies successfully passed its rating test joining the eight firms that retained their rating from the CGRS pilot in 2014. This brought the total number of companies that reached the

Code round-up: Singapore consults on revised governance code

Singapore’s corporate governance council, which was established by the Monetary Authority of Singapore in February 2017, is consulting on a revised corporate governance code for the country which it is hoped will strengthen investor confidence in its capital markets.…

Carillion collapse – early warning flags ignored?

The collapse of Carillion raises concerns not only about corporate governance at the firm and KPMG’s audit, but also how the directors were able to get changes to their pay passed the vote. Speaking in The Guardian on Saturday (20-Jan-18), …