Sustainability reporting in the US needs improvement according to the chair of its Security and Exchange Commission, Mary Jo White, in her key note address at the International Corporate Governance Network conference that took place in San Francisco this week. She said the regulator, along with companies and investors, needed to do more work on sustainability reporting including on whether, […]
Read MoreThe Task Force on Climate-related Financial Disclosures set up by the Financial Standards Board has outlined the principles and objectives for its work. In its first report the Task Force said that despite a range of initiatives the existing climate-related disclosure remained fragmented and incomplete and there was only a limited number of reporting regimes focusing on […]
Read MoreThe UK’s Financial Reporting Council (FRC) has written to institutional investors highlighting the key issues they should be considering ahead of the peak season of company shareholder meetings. The letter from Stephen Hadrill, FRC chief executive, reminded investors that this is the first year of enhanced reporting on risk and internal control and the inclusion of a […]
Read MoreUS companies who have successfully replaced their chief executives (CEOs) were far more likely to have provided shareholders with more disclosure about their CEO succession plans, according to a study by the Investor Responsibility Research Center Institute (IRRCi). However, these are a minority of companies as the report also found that nearly a quarter of companies that changed […]
Read MorePaul Druckman, chief executive of the International Integrated Reporting Council (IIRC), will step down this year, although the exact date for his departure will be dependent on the appointment of his successor. The IIRC said that Druckman would continue to lead on its programme for 2016, including its work as a member of the B20 SME Development Task Force and […]
Read MoreAn agreement has been reached between 31 countries for the automatic exchange of information on the taxes paid by, and the economic activity of, multinational businesses. This increase in transparency between countries should help tax authorities understand if multinationals are actually paying what is considered a fair rate of tax in the countries where they do business […]
Read MoreThe Financial Stability Board (FSB) has announced the members of an industry-led Task Force on Climate-related Financial Disclosures (TCFD), which will be chaired by Michael Bloomberg. The Task Force was announced last month, as reported by Manifest. The Task Force will develop voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other […]
Read MoreCompliance with the UK Corporate Governance Code remains high,with 90 per cent of the FTSE 350 complying with all but one or two provisions, according to the Financial Reporting Council (FRC) in its report, Developments in Corporate Governance and Stewardship 2015. Data compiled by Manifest on behalf of the FRC shows that, in respect of board and […]
Read MoreCompanies are likely to improve their disclosure of climate-related financial risks in the near future following the creation of the an industry led task force formed by the Financial Stability Board (FSB) to develop consistent rules for firms when they provide this information to lenders, insurers, investors and other stakeholders. The task force will be chaired […]
Read MoreNew research from Manifest shows cyber governance risk gaps Despite recent high profile cyber-security breaches, new research by Manifest has found that 36% of the UK’s premium listed companies do not recognise cyber-security amongst their key risks to be disclosed to investors. Not taking cyber-security seriously can be a material cost for companies – the repeated problems […]
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