Set against a backdrop of stagnant economic growth and societal discontent with the political status quo, global investors and corporations face ever growing risks and challenges. Having initially stabilised the sinking ship in the immediate aftermath of the GFC, governments, regulators and institutions around the world are now turning their attention to the role of business More…
Mortgage Choice (ASX:MOC
) chairman, Peter Ritchie, has resigned abruptly, raging at proxy advisors
for “damaging Australian business” after another bruising shareholder revolt at last week’s AGM.
Close to 80% of the Australian firm’s independent shareholders voted against the remuneration report, the third such vote, leading Ritchie to blame the outcome on analysts.
The key issues were standard red More…
Taiwan Corporate Governance Best-Practice Principles update
In response to the latest G20/OECD Principles of Corporate Governance, Taiwan has updated its Corporate Governance Best-Practice Principles for companies listed on its stock exchanges.
Key changes include allowing investor engagment; creation of a company secretary position to handle corporate governance matters; electronic voting; eliminating cross-border voting More…
Inclusive workplaces and effective staff engagement will boost the country’s economy as well as creating better places for work according to the Confederation of British Business (CBI). In a new report, Time for Action: The Business Case for Inclusive Workplaces
the CBI defines inclusion as: “an approach to running organisations which focuses on ensuring that More…
Over half of the Sky’s (LON: SKY)
independent shareholders rebelled against the election of James Murdoch
as a non-executive director at last week’s AGM following his appointment as chairman earlier this year.
Overall Murdoch received 71.6% support for his re-election, the lowest vote in favour of any of the AGM’s resolutions. However, when 21st Century Fox shareholdings are More…
, (TSX: NSU / NYSE MKT: NSU) will face charges of forced labour in the Canadian courts, even though the allegations of slavery
by its Bisha Mining Share Company subsidiary occurred in Eritrea. However, the three Eritrean men will have to pursue their cases individually rather than as a class action as they had planned.
The Supreme More…
the chairman and chief Executive (CEO) of troubled US bank Wells Fargo,
has quit following admissions of fraudulent activities, including the opening of customer accounts without permission. Stumpf’s replacement as CEO is Tim Sloan
, the company’s president and chief operating officer. Stephen Sanger, formerly lead director, will now serve as non-executive chairman while independent director Elizabeth More…
It is important for the UK to continue to retain its reputation across the globe for the trustworthiness of corporate reports and for audit quality which attracts investment, Sir Win Bischoff, the Financial Reporting Council’s (FRC)
at the recent Financial Services Brexit Summit.
Bischoff said that as the UK moves towards Brexit More…
has introduced a bill aimed at improving its corporate governance
framework. An Act to amend the Canada Business Corporations Act (CBCA), the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act
includes proposals to increase shareholder democracy
and participation, support the push to increase women’s board participation, improve corporate transparency and business certainty.
The UK Governance Code 2016 & Chairmen
In its 2016 AGM results announcement, Sky plc suggested that shareholders voted against James Murdoch because of proxy analysts rather than facts surrounding Murdoch’s appointment.
As a UK incorporated Plc, Sky’s governance arrangements fall under the remit of the UK Governance Code which is maintained by the More…