Singapore Exchange consultations: Listings rule changes & sustainability reporting

The Singapore Exchange (SGX) is undertaking a consultation on amendments to its Listing Rules to align them with the amended Companies Act passed in October 2014.

The Listing Rule changes will be able to send companies to send company notices and documents to shareholders electronically and the consultation asks if there is any concern about allowing companies to do this through implied consent which will mean shareholders will not be able to receive physical documents or whether shareholders should expressly agree to receiving the documents electronically.… Read the rest

And so farewell Mark to Mythology?

For all the arm waving, hot air politicking and column pixels devoted to the role of accounting standards and their contribution to the global financial crisis, there has been surprisingly little coverage of the changes to mark to market accounting that were announced by FASB last week.Read the rest

Best Practice Principles improve transparency ESMA says

The Best Practice Principles for Shareholder Voting Research have improved transparency, so issuers and investors can better understand the work of proxy information providers and advisers, according to the EU’s European Securities and Markets Authority (ESMA).

However, the ESMA believes that the  industry group behind the Principles would benefit from better governance and further clarity over what monitoring it performs.… Read the rest

Top bosses’ pay surpassed the average UK worker’s annual salary after just two days think-tank claims

By the first Tuesday of 2016 (5th January) the UK’s top bosses made more money in 2016 than the average UK worker earns in an entire year, according to think tank, The High Pay Centre.

FTSE 100 chief executives are paid an average £4.96 million a year according to the government’s ‘single figure’ measure compared to the UK full-time average salary of £27,645.… Read the rest