AIM

The London Stock Exchange has confirmed that it has strengthened the corporate governance requirements for AIM companies from the 28th September this year with new entrants to the market having to comply with the rule from the end of March 2018. The board of directors at AIM companies must now provide a recognised corporate governance code […]

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lobbying

A coalition of at least 74 investors has filed resolutions at 50 US companies asking for more disclosure of payments for lobbying, including to trade associations. The resolutions have been coordinated by Walden Asset Management and American Federation of State, County and Municipal Employees (AFSCME). Walden and the AFSCME said the 2018 resolutions had been filed […]

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audit market

Support services company, Carillion, which has been suffering from financial difficulties in recent months, announced that the Financial Conduct Authority (FCA) has notified the company that has commenced an investigation. This is in connection with the timeliness and content of announcements made by Carillion between 7th December 2016 and 10th July 2017.  The company issued an update […]

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FTSE 50 tax strategy

Most  UK FTSE 50 companies have yet to fully embrace new government regulation that requires large businesses to publish an annual UK tax strategy, according to a recent report by the Fair Tax Mark and the Local Authority Pension Fund Forum. The research found that just a third (34%, or 17) of FTSE 50 companies had […]

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Panellists agreed it was time to reset the governance debate highlighting the need for companies to improve their reporting and “be brave” in their disclosures to investors and other stakeholders at the Manifest seminar held this week. The event was hosted at the Financial Reporting Council and David Styles, its director of corporate governance, welcomed participants […]

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UK corporate reporting

UK corporate reporting could still be improved through the disclosure of specific company rather than generic information according to the Financial Reporting Council (FRC). In its annual review of corporate reporting, the FRC said disclosures by large listed UK companies are generally good but detailed explanations and clarity could still be better. Improvements in recent years […]

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Kobe Steel

Japanese company Kobe Steel this week said it had received a request from US judicial administrative authorities for documents following its admission earlier this month that the company had been falsifying data about its metal products for several years and in some cases for a decade.  The company said it would be co-operating with the US investigation. […]

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European Commision trucks cartel

Truck manufacturer Scania, a subsidiary of Volkswagen, was the final truck manufacturer to be fined recently for being part of a cartel with five other firms by the European Commission. The other truck-makers settled with the Commission last year. The Commission found that Scania broke EU antitrust rules and imposed a fine of €880.52 million on the company. […]

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MPs

The quality and quantity of dividend policy and practice disclosures have improved in the UK, according to a study conducted by the Financial Reporting Council’s (FRC) Financial Reporting Lab. The study examined how companies had responded to the Lab’s earlier report, Disclosure of dividends – policy and practice, published in 2015. This report recommended improvements to dividend policy and […]

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Real Good Food AIM

AIM-listed Real Good Food has admitted to not disclosing payments to directors in its related parties transaction notes within its annual reports for three financial years from 2014 to 2016. These notes should have revealed the payment of consultancy fees to two of its directors – its executive chairman, Pieter Totté and a non-executive director, Peter […]

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