As 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 […]
Read MoreRespondents have until 22nd April to comment on a revised corporate governance code for Mauritius. Its national committee on corporate governance said the new code, developed by a team led by governance expert Dr Chris Pierce, is comprised of eight principles forming the core of the code and each principle should be applied in the best […]
Read MoreTaiwan’s Financial Supervisory Commission has published the Securities and Futures Institute’s second evaluation of Taiwan’s 5-year Corporate Governance Roadmap published in December 2013. This is an assessment of the corporate governance of 1,447 companies in 2015 – made up of 824 TWSE-listed companies and 623 listed on the Taipei Exchange (TPEx). Half of these companies have then been ranked according to the adherence to Taiwan’s corporate […]
Read MoreFrench regulator AMF has found that France is the only country where governance codes are drawn up by bodies representing issuers and where code amendment to its code are not subject to a prior public consultation on the website of the entity responsible for drafting the code. The French financial regulator, the Autorite des Marches Financiers (AMF) has published […]
Read MoreThe New Zealand Stock Exchange, NZX, is currently reviewing the responses to its recent consultation on proposed changes to corporate governance reporting requirements within the NZX Main Board Listing Rules. One of the key concerns raised by respondents is the fragmentation of existing corporate governance reporting requirements in New Zealand and the NZX said it […]
Read MoreThe Institute of Directors in Southern Africa (IoDSA) and the King Committee are consulting on the latest King Report—King IV which expands the current corporate governance code into more non-financial reporting areas and also replaces King III’s “apply or explain” with an “apply and explain” approach. The King Committee, under the leadership of Professor Mervyn King and […]
Read MoreThe International Finance Corporation (IFC), part of the World Bank, and BSE (formerly the Bombay Stock Exchange) are working together to develop a corporate governance scorecard which will help Indian companies assess their corporate governance performances against national or international-benchmarked practices. The aim is that companies can use the scorecard to identify areas of corporate governance that require improvement and […]
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