Women have increased their numbers on Canadian company boards according to a review of the corporate governance disclosure of 660 companies as it relates to women in leadership roles. The review which covered company reporting made between December 31, 2016 and March 31, 2017 was completed by Canadian provincial securities regulatory authorities. This is their annual […]
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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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Financial exchange group Deutsche Börse has introduced a cap on the total remuneration of its executive board members. The company said the decision to introduce the cap was taking at its supervisory board meeting this week and was part of the continuing development of its executive board remuneration system. The annual remuneration of the executive board, including […]
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UK Pension fund governance and its regulation could learn lessons from corporate governance according to a discussion paper produced by the Pensions and Lifetime Savings Association (PLSA). The PLSA argues that the regulation by The Pensions Regulator (TPR) is currently over-complicated and focused on prescribing in minute detail what pensions governing bodies should be doing. The […]
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The Securities and Exchange Commission of Pakistan (SECP) is consulting on a corporate governance code for the country’s listed companies which have been issued as draft regulations under the recently passed Companies Act 2017. The SECP said the Listed Companies (Code of Corporate Governance) 2017 draft regulations are aimed at strengthening governance structures, bring consistency […]
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The UK’s Financial Reporting Council (FRC) has begun a consultation on amendments to its guidance on the strategic report which aims to improve non-financial reporting by companies. The guidance was originally issued in 2014 when strategic reports were introduced. The revised guidance also reflects the FRC’s desire to improve the effectiveness of section 172 of the Companies […]
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AIM-listed Telit Communications has dismissed its chief executive, Oozi Cats, following the revelation that he had faced criminal charges and was on run from the US authorities. Yosi Fait, the financial director was appointed as interim chief executive. Following investigations by media outlets, including the financial blog ShareProphets it was suggested that Oozi Cats and his wife […]
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The quality of auditing of larger companies has improved after targeted work by the Financial Reporting Council (FRC) the regulator said. The FRC said the leadership of audit firms’ focus on, and investment in, improving audit quality, together with promoting a culture of continuous improvement, is beginning to pay off. In the audit regulator’s second annual Developments in […]
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The Financial Conduct Authority (FCA) has published proposals to extend the senior managers and certification regime (SM&CR) across most regulated firms replacing the existing approved persons regime. This follows a government announcement in October 2015 that it wished to extend the SM&CR to all sectors of the financial services industry. The FCA said that the aim […]
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The UK’s Financial Conduct Authority (FCA) has launched a consultation on proposals to create a new category within its premium listing regime to cater for companies controlled by a shareholder that is a sovereign country. Last February the FCA launched a discussion paper ‘Review of the Effectiveness of Primary Markets’. The paper examined the role of […]
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