The European Commission has officially mandated the European Financial Reporting Advisory Group (EFRAG) to provide recommendations for updating non-financial reporting standards.
In an open letter, European Commission Executive Vice President Valdis Dombrovskis issued a request for technical advice to EFRAG …
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Greek companies will soon be mandated to meet a 25% female quota on their boards following a landmark decision for gender diversity.
The quota requirement has been included as an amendment to the bill transposing the EU Shareholder Rights Directive …
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Pension fund investors in the United States may need to prove allocations made under their environmental, social and governance policies are primarily aiming for a financial return should proposed new rules be enacted.
At the end of June, the Department …
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Swiss pharmaceutical giant Novartis, a current and former subsidiary, has agreed to pay a total of $346.7m to reach settlements with the US Department of Justice (DOJ) and Securities and Exchange Commission (SEC) following investigations into bribery schemes.
The DOJ …
Read MoreThe committee tasked with reviewing the ethical framework of The Government Pension Fund of Norway, the world’s largest sovereign wealth fund, has proposed several changes to reflect “the evolution …
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As relations between the two super-powers becomes increasingly strained, the Chinese financial regulator has confirmed the country’s commitment to improving corporate governance amid the fallout of the US-listed Luckin Coffee scandal. …
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The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive.
The Autorité des marchés financiers …
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Asset owners and fund management groups are pressuring their portfolio companies to look at the makeup of their leadership teams in the wake of the Black Lives Matter protests.
The under-representation of non-white …
Read MoreA group of investors have called on the Securities and Exchange Commission to force companies to disclose how the Covid-19 pandemic has affected their business operations.
Representatives from 98 asset owners, fund …
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Senator presses SEC’s Clayton over “Main St” letters report
A US Senator has called on the head of the US financial regulator to provide an update on the status of its reports into “apparently fraudulent comment letters” that showed support for proposed new rules on proxy advice.
In a …
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