Australia, Parliament, JobKeeper

With Australian proxy season preparations now underway, the Australian federal authorities are looking to introduce a public register of companies that use the government’s JobKeeper programme. Debates around the proposed bill centre over the impact and fairness of Covid furlough support and a lack of corporate transparency over the uptake and use of wage subsidies.

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COVID-19

The use of ESG integration strategies have increased by 15.4% year on year in Japan, despite a decrease in the country’s sustainable investment balance, a Japan Sustainable Investment Forum (SIF) White Paper has found.

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COVID19 Business Continuity

Transparency in reporting on social issues is a powerful way for businesses to build trust, create accountability, show leadership, and move the dial on seemingly indelible industry-wide issues. It is also a key factor for ESG investors who want to show alignment with increasingly stringent ESG regulations.

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Regulators warn Covid-19 could delay UK company reporting

Impact of lockdowns could hold up verification of financial accounts Regulators are warning that reporting of annual results for listed companies could be delayed because of the coronavirus pandemic. The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) said in a joint statement on 27 January that listed companies whose financial year ended […]

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Investor Forum embraces ‘stakeholder capitalism’

An investment industry initiative set up to help escalate material issues with UK-listed companies has reported its strongest year to date for collective engagement activity. The Investor Forum said 2020 had proved to be a watershed year for the development of its investor stewardship agenda and that it had engaged with more companies than ever […]

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UK govt extends AGM leeway to end of 2020

UK govt extends AGM leeway to end of 2020 The UK government has extended flexibility over AGM rules, meaning companies will be able to hold such meetings in Covid-safe fashion until the end of the year. This temporary adjustment to the Corporate Insolvency and Governance Act 2020 was initially introduced to allow greater flexibility for […]

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UK-listed companies offered Covid-19 issuance lifeline

UK-listed companies offered Covid-19 issuance lifeline UK-listed companies hit by Covid-19 are being given an additional lifeline as the Pre-Emption Group (PEG) extends the easing of its issuance guidelines, allowing more share capital to be raised from shareholders. The PEG, the affiliate of the Financial Reporting Council that provides guidance on fundraisings and rights issues, […]

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COVID-19 brings social investment to the fore

The COVID-19 pandemic has placed a renewed emphasis on the ‘social’ aspect of environmental, social and governance (ESG) investing. Companies that place a high priority on the wellbeing of staff are likely to be those that succeed in the long term – a point highlighted by the International Corporate Governance Network (ICGN) in a recent […]

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FCA

The Financial Conduct Authority (FCA) has stepped in to protect shareholder rights as it introduces measures to help listed companies withstand from the fallout of coronavirus. In an announcement on 8 April, the regulator acknowledged that many companies would turn to capital markets to raise money and recover from the crisis. As a result, the […]

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COVID-19 Capital and Pay Response

As the COVID-19 pandemic continues to evolve and cause economic disruption UK-listed companies are taking action to support their balance sheets and provide financial flexibility. In particular, many companies have adjusted their approach to capital allocations with some also reviewing its approach to executive and employee remuneration. Boards have difficult decisions to make and getting […]

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