Australia Glaxosmithkline Novartis

The Australian Competition and Consumer Commission (ACCC) is taking subsidiaries of pharmaceutical giants GlaxoSmithKline (GSK) and Novartis to court over misleading marketing of the Voltaren Osteo Gel and Voltaren Emulgel pain relieving gels.

It is alleged that both firms claimed …

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TPR ESG

UK pension fund trustees who want to fulfil their fiduciary duty should be able to implement their environmental, social and governance (ESG) policies and challenge their investment advisers on these issues according to The Pensions Regulator (TPR).

The regulator issued …

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shareholder rights

US institutional investors have written to the Securities and Exchange Commission (SEC), following a meeting with the financial regulator voicing their public support for the SEC’s Rule 14a-8 which provides them with the right to put forward resolutions at company …

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MPs

The UK’s Financial Reporting Council (FRC) is looking to improve audit committee reporting in respect of company disclosures in annual reports and how auditors report information to audit committees, Melanie McLaren, executive director, audit and actuarial regulation division said in …

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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.

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Croatian corporate governance code

The European Bank for Reconstruction and Development (EBRD) is assisting the Croatian Financial Services Supervisory Agency (HANFA) and the Zagreb Stock Exchange (ZSE) to update and strengthen the country’s corporate governance code.

Croatia has had a code for companies listed …

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Canada women boards

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 …

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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 …

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Deutsche Borse pay cap

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

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Pensions Climate Change PLSA

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 …

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