SEC outlines planned risk disclosure changes The Securities and Exchange Commission (SEC) is proposing to change its regulations on business, legal proceedings, and risk factor disclosures. The SEC says that the amendments are intended to improve disclosures for investors and to simplify compliance efforts for registrants. Regulation S-K lays out reporting requirements for various SEC filings used […]
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This revised and updated version of the original ICGN Anti-Corruption Guidance, published in 2009, clearly delineates between bribery and corruption. In its proposed revisions, the ICGN recognised the challenges that investors face in seeking that companies take a stand against corruption.
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The warnings have been coming thick and fast. From the world’s central banks, to leading academics and regulators – many believe the global financial system faces a serious and potentially catastrophic fallout from climate change risks.
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Prosecutors allege Exxon pressured witnesses in climate case US prosecutors have accused Exxon Mobil of harassing investors and intermediaries in the lead up to a forthcoming court battle over whether the energy giant deliberately misled people on the cost of climate change to its business. A lawyer for the New York Attorney General has called […]
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FRC fines treble to £43m as regulator sends “clear message” The Financial Reporting Council (FRC) dealt out a record £43m in fines during the past year for misconduct and breaches, as the regulator accelerated cases to conclusion. The regulator’s Annual Enforcement Review, published at the end of July, shows the FRC almost tripled its fines […]
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SEC urged to unleash sweeping changes to proxy system As the SEC’s Proxy Plumbing saga rumbles on, the Commission has signalled that public companies, shareholders and other stakeholders in the US may soon get the transparency in the proxy system that many have been demanding. The investor advisory committee to the US Securities and Exchange […]
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Dubai’s stock exchange eyes Middle East sustainability crown The Dubai Financial Market has launched a blueprint to promote environmental, social and governance (ESG) issues among listed firms, pledging to become the region’s leading sustainable financial market by 2025. The Sustainability Strategic Plan 2025, which underpins the Dubai exchange’s efforts to promote ESG best practice among […]
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Corporate climate ignorance poses threat to pensions Nearly half of major companies in the highest polluting sectors worldwide are failing to weigh up how climate change will affect their businesses. The findings come from the State of the Transition report compiled by the Transition Pathway Initiative, an organisation backed by asset owners and fund managers, […]
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UK funds braced for tougher regulatory stance on climate UK pension funds and listed companies are to be handed a new list of reporting requirements, following publication of the UK government’s Green Finance Strategy at the start of July. The new report outlined “ambitious actions” which include the requirement for better quality disclosures for occupational […]
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