The Hong Kong Stock Exchange (HKEX) is to expand its listing regime in a bid to attract more companies from growing business sectors and to boost its competitiveness compared with other major financial centres. This follows a consultation which began in June which identified certain gaps within Hong Kong’s listing regime affecting its overall competitiveness […]
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The UK’s Financial Reporting Council (FRC) has proposed a revised corporate governance code which it said is “shorter and sharper” than the existing code and builds on its work into corporate culture last year. The FRC said the revised code focused on the importance of long-term success and sustainability, addressed issues of public trust in […]
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The European Commission has launched a consultation to gain views on how asset managers and institutional investors could include environmental, social and governance factors when taking decisions. The consultation follows up on one of the eight early recommendations delivered by the High-Level Expert Group on Sustainable Finance which published its interim report in July 2017. The group […]
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New corporate governance regulations will come into effect in Pakistan from 1st January 2018 after their approval by the country’s Securities and Exchange Commission. Pakistan’s Companies Act, 2017, has also been passed, which provided the country’s framework for corporate governance of which the regulations formed a part. The regulations replace Pakistan’s 2012 corporate governance code. […]
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The World Business Council for Sustainable Development (WBCSD) used the COP 23 UN climate change meeting in Bonn to publish its 2017 progress report on the Low Carbon Technology Partnerships initiative (LCTPi) which shows the action companies are taking to combat climate change. The report revealed that over 20 new companies joined LCTPi in 2017 bringing the total number […]
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Although studies have shown that organisations with strong, positive cultures have been shown to outperform their peers and the absence of a healthy culture can create or exacerbate significant risks, the National Association of Corporate Directors’ (NACD) 2017 Blue Ribbon Commission found that US companies are still not taking it sufficiently seriously. The NACD said that […]
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More asset owners globally are taking diversity more seriously internally within their organisations, in respect of how they, with their investment consultants, assess external fund managers and in respect of how investee companies are dealing with the issue, according to research by think-tank New Financial in collaboration with the UK’s Pensions and Lifetime Savings Association […]
Read MorePanellists agreed it was time to reset the governance debate highlighting the need for companies to improve their reporting and “be brave” in their disclosures to investors and other stakeholders at the Manifest seminar held this week. The event was hosted at the Financial Reporting Council and David Styles, its director of corporate governance, welcomed participants […]
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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 her speech at the regulator’s recent Developments in Audit conference. She said the FRC had launched a pilot project […]
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More firms have included low-carbon goals in their long-term future business plans according to a global survey from CDP tracking how companies are responding to climate change. This was CDP’s second annual report monitoring the response of business to the Paris Agreement on Climate Change which came into force in November 2016. The Paris Agreement’s central aim is to strengthen […]
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