The UK’s Financial Reporting Council (FRC) has argued that it needs more powers to take enforcement action against directors so that it can investigate and prosecute all directors for financial reporting breaches and associated issues of integrity, rather than only accountants and actuaries as at present in its response to the government’s green paper on corporate […]
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The UK’s Work and Pensions Select Committee has used its response to the government’s green paper on corporate governance to emphasise that public and private companies need to ensure that their pension fund forms part of their corporate thinking. The MPs’ recommendations follow their inquiry into the collapse of the retailer BHS last year. This privately-run […]
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Over half of the Sky’s (LON: SKY) independent shareholders rebelled against the election of James Murdoch as a non-executive director at last week’s AGM following his appointment as chairman earlier this year. Overall Murdoch received 71.6% support for his re-election, the lowest vote in favour of any of the AGM’s resolutions. However, when 21st Century Fox shareholdings are […]
Read MoreWith broadcaster Sky’s AGM taking place on 13th October investors have a chance to show their concern about the re-appointment of James Murdoch as chairman of the company. Murdoch has previously been chief executive and chairman at Sky. He stepped down as non-executive chairman in the 2012 financial year but continued as a non-executive director at Sky. There are two […]
Read MoreWhile there has been more debate about achieving more diversity on company boards, the Global Board of Directors survey 2016 has found that despite the intense investor and media scrutiny – public company directors are no more diverse that the private companies whose directors participated in the survey. Traditional recruitment strategies holding back diversity The survey found that on average, 18% of […]
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With a backdrop of damning reports from MPs published last week on the demise of the retailer BHS and on poor working practices at Sports Direct, which both identified weak corporate governance as partly to blame for company failures, the Institute of Directors (IoD) has launched its Director Competency Framework which it said sets out the knowledge, skills and […]
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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 focusing on increasing female representation to 33% of boards across the FTSE 350 by 2020. This target was […]
Read MoreIn the first survey of director sentiment in South Africa conducted by the country’s Institute of Directors (IoDSA) its top bosses are more positive than negative in their perceptions of governance in contrast to their economics and business sentiments which are more negative. The top three governance challenges impacting current business identified by the survey are: […]
Read MoreAligning board talent with a company’s long-term strategy is a critical challenge for three-quarters of corporate directors according to a global survey by KPMG’s Board Leadership Center. The advisory firm surveyed more than 2,300 directors and senior executives across 46 countries and found that three in five want more diversity and viewpoints on the board. KPMG said that getting board […]
Read MoreExecutive pay firm, Semler Brossey, has analysed the relationship between the shareholder support given in elections of remuneration committee members and chairs and the result of the say on pay votes at US company AGMs. The study of director election results between 2014 and 2016 found that over 80% of director elections have received vote support […]
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