UK corporate reporting could still be improved through the disclosure of specific company rather than generic information according to the Financial Reporting Council (FRC). In its annual review of corporate reporting, the FRC said disclosures by large listed UK companies are generally good but detailed explanations and clarity could still be better. Improvements in recent years […]
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The qualified pool of chief executive (CEO) talent to run the largest publicly traded companies in the US is incredibly small, according to the directors who sit on the boards of these companies according to recent research by Stanford Graduate School of Business and The Rock Center for Corporate Governance. The 2017 CEO Talent Survey is […]
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Japanese company Kobe Steel this week said it had received a request from US judicial administrative authorities for documents following its admission earlier this month that the company had been falsifying data about its metal products for several years and in some cases for a decade. The company said it would be co-operating with the US investigation. […]
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Anglo-Australian mining giant Rio Tinto has been fined £27m by the Financial Conduct Authority (FCA) for breaching UK disclosure rules while the US Securities & Exchange Commission has charged the company and former executives with fraud in relation to the acquisition of a coal mine in Mozambique in 2011. Rio Tinto is also being investigated […]
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Companies have a crucial role in meeting the main target set in the Paris climate change agreement to limit the temperature increase from global warming to 1.5°C, according to a recent report from the Carbon Trust. The report is based on a series of events hosted by the Carbon Trust working alongside the communications company […]
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Independent investors in media group Sky voted heavily against the remuneration report with just 36% of shareholders giving it their backing at the AGM this week (12th October). Chairman James Murdoch received a narrow vote in support of his re-election amid concerns about his lack of independence. Manifest’s pre-AGM analysis of Sky’s executive remuneration gave […]
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The Parker review committee, led by Sir John Parker, has published its final report re-emphasising the conclusions made last year that business leaders need to improve the ethnic and cultural diversity of UK boards to better reflect their employee base and the communities they serve. The review team recommended that every FTSE 100 board should have […]
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Many large and mid-cap companies worldwide (72%) do not acknowledge the financial risks of climate change in their annual financial reports, according to the KPMG Survey of Corporate Responsibility Reporting 2017. Of the minority that do acknowledge climate-related risk, less than one in 20 (4%) provides investors with an analysis of the potential business value at risk, […]
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Company secretaries have the opportunity to learn more about the UK government’s recent corporate governance proposals from a range of experts at a forthcoming seminar organised by Manifest, in association with ICSA – The Governance Institute. The event – being held on 31st October in the City of London – will outline the UK’s current corporate governance […]
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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 and March 31, 2017 was completed by Canadian provincial securities regulatory authorities. This is their annual […]
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