corporate governance Archives

Sports Direct governance changes – too little or too early to tell?

Retailer Sports Direct chief executive Dave Forsey has resigned to be replaced by Mike Ashley, founder of the company, its major shareholder and previously executive deputy chairman. No reason for his departure has been given but the resignation follows months …

UK MPs launch corporate governance inquiry

The House of Commons’ Business, Innovation, and Skills (BIS) Committee has launched an inquiry on corporate governance, focussing on executive pay, directors duties, and the composition of boardrooms, including worker representation and gender balance in executive positions.

This follows the …

Institute of Directors ranks FTSE100 companies on their corporate governance performance

British American Tobacco has topped a ranking by the UK’s Institute of Directors (IoD) of FTSE100 companies by their corporate governance performance. The other companies in the top five are Unilever, Diageo, Sage Group and Next.

The 2016 Good Governance …

New Zealand stock exchange requests comments on amended corporate governance code

NZX, the New Zealand stock exchange, has published a draft revised corporate governance code (NZX Code) and feedback to its earlier consultation on the changes required. This is the first substantial update to the NZX Code since 2003.

The key …

Vietnam develops corporate governance code

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 …

US business leaders call for backing of “common sense corporate governance principles”

A 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.…

FRC chairman encourages high standards in companies and by investors

Some 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 …

As board diversity stalls, new push to breakdown barriers and improve pipeline

After 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 …

Investors have a role in tackling UK’s low productivity

Tackling 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 …

Sir Philip Green refuses to be phased by MP’s questions on BHS collapse

The 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 …