The 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 […]
Read MoreCompliance with the UK Corporate Governance Code remains high,with 90 per cent of the FTSE 350 complying with all but one or two provisions, according to the Financial Reporting Council (FRC) in its report, Developments in Corporate Governance and Stewardship 2015. Data compiled by Manifest on behalf of the FRC shows that, in respect of board and […]
Read MoreThe Pensions and Lifetime Savings Association (the Association), better known as the National Association of Pension Funds of old, has updated its Corporate Governance Policy and Voting Guidelines. The Corporate Governance Policy and Voting Guidelines aim to promote the long-term success of the companies in which the Association’s members invest; and, ensure that the board and […]
Read MoreThe Financial Reporting Council (FRC) has issued two consultations as part of its ramped up efforts to implement the EU Audit Regulation and Directive regime and strengthen investor confidence in governance. Board Succession Planning Following its October discussion paper UK Board Succession Planning -the FRC is now seeking input and feedback on how to achieve diverse […]
Read MoreThe International Corporate Governance Network (ICGN) has welcomed the ongoing work on the Japanese Corporate Governance and Stewardship Codes. A panel of experts was established in September to encourage the adoption of the codes as well as further improving corporate governance of all listed companies in Japan. Japan’s Stewardship Code, was established and released in February 2014 while Japan’s […]
Read MoreCorporate governance is a critical factor in understanding company value and it drives investment performance according to a global survey of 293 financial services decision-makers commissioned by Aberdeen Asset Management. Corporate governance emerged as the most important matter on which asset managers should engage the companies in which they invest, with strong support also for […]
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