Investors for Opioid Accountability (IOA), a US coalition which includes asset managers, faith-based, public and trades union pension funds with over $1.3 trillion in assets have filed multiple shareholder resolutions on board oversight of business risks related to opioids at 10 opioid distributor and manufacturer companies. This comes after mounting criticism of the businesses which have been […]
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Despite recent high profile cyber attacks more than two thirds of boards at the UK’s biggest companies have not received training to deal with a cyber incident (68%) according to the government’s latest cyber governance health check survey. The survey of FTSE 350 companies found that more than half of the respondents said cyber threats […]
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Building materials supplier LafargeHolcim has admitted to failings by company bosses running its Syrian cement plant. They engaged in dealings with armed groups as they sought to protect employees as the area became increasingly dangerous as a result of the civil war. The plant which opened in 2010 was eventually abandoned in 2014 as a result of the […]
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New Manifest research shows board cyber-security risk gaps As global economies become more digitally dependent, the continuing rise of cyber-security threats and actual breaches raises serious questions for shareholders. If technology fails, it is no understatement to say that the impact can be immense. Investors therefore have a role in ensuring company boards take cyber-security risks seriously […]
Read MoreCyber risk remains the top overall risk identified by senior staff within the global financial services industry. According to the latest results of a biannual survey published by the post-trade market infrastructure provider, the Depository Trust & Clearing Corporation (DTCC) 22% of respondents cite cyber risk as the single biggest threat to the financial services sector. and 56% […]
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Australian entertainments group, Ardent Leisure, held its AGM just two days after an accident at its theme park Dreamworld in which four people died and two children were injured on a river rapids ride. The out-going chairman, Neil Banaves, offered sincere condolences to the victims and their families but said that despite the seriousness of the incident they were still required to convene the AGM […]
Read MoreTwo thirds (65%) of large UK companies have admitted to having suffered a cyber breach in the past year, according to a survey conducted for the government. The study also found that 69% of companies said that senior managers were aware of the problem but only just over half (51%) had taken the recommended actions to […]
Read MoreWhile US directors say that reputational risk is one of their greatest concerns board members are taking little action to manage risks once they have been identified, according to the sixth Concerns About Risks Confronting Boards survey conducted by US accounting firm EisnerAmper. The report’s authors said that there was a broad trend of boards that identify risk […]
Read MoreThe Pensions and Lifetime Savings Association (the Association), better known as the National Association of Pension Funds of old, has updated its Corporate Governance Policy and Voting Guidelines. The Corporate Governance Policy and Voting Guidelines aim to promote the long-term success of the companies in which the Association’s members invest; and, ensure that the board and […]
Read MoreThe European Union (EU) has reached an agreement on new legislation which will improve cyber-security across all member states. The European Commission proposed the directive in 2013 and an agreement on its content was reached by the EU Council of Ministers and the European Parliament on 7th December. The Commission is keen to ensure a high common level […]
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