The Investors Working Group, a bi-partisan panel of experts created in February 2009 by the Council of Institutional  Investors and the CFA Institute Centre for Financial Market Integrity, has released its recommendations for reform and modernisation of the US financial markets. According to the report, strengthening existing regulatory agencies, closing gaps in the regulatory structure, […]

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The California Public Employees Retirement System, or CalPERS, is the US’s largest pension fund which provides retirement benefits to 1.6 million public employees. It’s also one of the most active proponents of good corporate governance on both a domestic and global stage. The latest target of their ire is the credit rating industry which it […]

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Nine out of ten audit committee members say that the recession has increased the risk of earnings management and other misconduct – and yet fraud risk was the issue committees felt they were least effective at overseeing. Research by KPMG’s Audit Committee Institute amongst 1,000 audit committee members in 25 countries has found that the economic downturn […]

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