governance Archives

UK watchdog consults on sustainability governance frameworks

The UK’s Financial Conduct Authority (FCA) has launched a discussion paper on the role of sustainability-related governance frameworks in finance.

Toshiba chairman ousted over governance scandal

Japanese electronics giant Toshiba’s chairman has been ousted from his role by shareholders at the company’s AGM held on 25 June.

Shareholders pay the price for corruption

Shareholders pay the price for corruption Minerva marks International Anti-Corruption Day with new research and voting guidelines News of Glencore’s 7% share price slump after the UK’s Serious Fraud Office confirmed investigations into “suspected bribery” across the Group’s operations was a timely reminder that governance issues reach beyond the familiar and routine AGM shareholder resolutions on […]

Lonmin plc’s major shareholder opposing KPMG’s re-appointment

Audit-related voting still rare

Audit-related voting dissent still rare When it comes to audit-related voting, shareholders have traditionally paid less attention to audit issues than other governance issues. Using Minerva’s VoteWatch module, this week we’re looking at two topical cases: Lonmin plc and SIG plc. At platinum mining group Lonmin plc’s 2018 AGM 49.2% of the shareholder ballot withheld […]

Board evaluation: new research identifies opacity and market concentration concerns

Board evaluation: new research identifies opacity and market concentration concerns Board evaluation, if done correctly, provides a vital tool for directors to strengthen board effectiveness. It provides an opportunity for boards to review its skills and experience; its composition and processes; and its activities and behaviours. Whether conducted internally or externally, regular board evaluations is […]

UK Financial Reporting Council pre-AGM alert to investors on company reporting

The 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 […]

Consultation opens on King IV report in South Africa

The Institute of Directors in Southern Africa (IoDSA) and the King Committee are consulting on the latest King Report—King IV which expands the current corporate governance code into more non-financial reporting areas and also replaces King III’s “apply or explain” with an “apply and explain” approach. The King Committee, under the leadership of Professor Mervyn King and […]

EU Shareholder Rights Directive Part II

The European Commission has published its formal proposal for the much-leaked update to the 2007 Shareholder’s Rights Directive. It forms a part of the “road map” for the Commission’s 2012 company law and corporate governance action plan which is aimed at “enhancing transparency and engaging shareholders”. The draft directive identifies 5 specific objectives: Improvement of […]

Manifest Publishes Global Regulatory Review

Manifest has this week published a Global Regulatory Review, keeping customers abreast of the latest developments in corporate governance and related disciplines around the world. Global capital markets and investors expectations towards them have changed radically over the past 20 years. Sir Adrian Cadbury could probably never have guessed what his dryly-titled “Report of the […]

Social and new media: Improving ownership?

The ICGN Conference in Paris last week included a session on the very interesting topic of new and social media, exploring what are some of the ramifications in the context of corporate governance. Taking corporate governance in its widest sense – i.e. the relationship within and between the company, its current and potential shareholders and […]