corporate governance Archives

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 …

Criticisms of BHS governance continues as administrators fail to find buyers

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 …

Short-term shareholders damage UK companies and wider economy claim two new reports

British 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 …

Nomination committees no longer the poor relation?

Nomination 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 …

Dutch update corporate governance code

The 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 …

Countries reform corporate governance codes

Respondents 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 …