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 …
Read MoreTrade union bodies, the TUC and the GMB, commented that they would have liked more radical proposals from Matthew Taylor and his team in his Good Work report reviewing modern employment practices that were published last week.
The Taylor …
Read MoreThe Interfaith Center on Corporate Responsibility (ICCR), a coalition of US institutional investors that engage companies on the environmental and social impacts of their operations, has urged US Senators not to pass the Financial CHOICE Act.
The ICCR sent …
Read MoreThe independent shareholders of Alphabet, Google’s parent company, overwhelmingly supported a shareholder resolution asking company management to recapitalise the share structure so that each share has one vote at its recent AGM (7th June).
The resolution was put forward
The UK’s Financial Conduct Authority (FCA) has proposed a series of changes to improve the governance of fund managers, to strengthen their duty to act in the best interests of investors and to use its senior managers regime to bring …
Read MoreThe UK’s Serious Fraud Office (SFO) has charged the banking group Barclays and four former executives with conspiracy to commit fraud and unlawful financial assistance given to the Qatar government when it provided funding during the 2008 financial crisis. This …
Read MoreThe water sector regulator, Ofwat, has fined Thames Water the maximum automatic penalty it can of £8.55m for admitting in this year’s report and accounts that it will miss its leakage reduction targets for the first time 11 years. …
Read MoreThe US House of Representatives has passed the controversial Financial CHOICE Act despite strong lobbying against the legislation by institutional investors. The bill will now move to the Senate where its expected to face tough opposition.
The Council of Institutional …
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