Rise in companies deviating from Swedish governance code
The Board’s 2019 Annual Report, published this week, revealed that over a third (34 per cent) of companies that apply the Code reported at least one deviation in 2018, up from 29 …
Read MoreRSM fined $950k for independence breach
Accounting firm RSM US has been fined $950,000 by the Securities and Exchange Commission (SEC) for violating the auditor independence rules.
RSM US, a member firm of the RSM International (RSMI) network with more …
Read MoreLaw Commission opens consultation on intermediated securities
The Law Commission has published a call for evidence on intermediated securities, the first step in a scoping study, and asked stakeholders for their views and experiences.
With the intention of informing public …
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CEOs backing new governance statement cause a stir
When over 180 of America’s top CEOs signed a new corporate governance agreement that effectively eliminates shareholder primacy and commits to representing the interests of ‘all Americans’, the move was going to …
Read MoreProsecutors 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 …
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HMRC loses chief to new audit watchdog as Leadsom means business
The chief executive of Her Majesty’s Revenue and Customs service has been confirmed as the person to lead the Financial Reporting Council into the refreshed entity the Audit, Reporting …
Read MoreDraft code aims to boost internal audit standards
A draft code has been launched by the Chartered Institute of Internal Auditors that makes 30 recommendations to strengthen corporate governance.
The Internal Audit Code of Practice has been developed by an …
Read MoreThe social cost of failed stewardship
“Eye-watering and unjustified CEO pay packages are corrosive of trust in business and threaten to undermine the public’s support for the way our economy operates.” That’s the conclusion of Rachel Reeves MP, …
AIM & remuneration disclosure: still room for improvement
Unlike their main market peers, AIM companies are not obliged to follow the detailed legislation surrounding executive pay practice. After AIM Rule 26 was changed in March 2018, they now just have …
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