State of Green Business: Institutional Investors show commitment to tackling climate change

While it is not yet clear if business as a whole has made a firm commitment to sustainable and environmentally friendly growth 2015 was the year that the investment community made critical commitments to finance sustainable growth, according to Dr. Richard Mattison, CEO of Trucost writing in the foreword of The State of Green Business 2016 produced by GreenBiz and Trucost.… Read the rest

US directors need to do more to manage risks

While US directors say that reputational risk is one of their greatest concerns board members are taking little action to manage risks once they have been identified, according to the sixth Concerns About Risks Confronting Boards survey conducted by US accounting firm EisnerAmper.… Read the rest

CBI Director General says women need to lead at all levels of organisations

Carolyn Fairburn, Director General of business group, the CBI, said that the issue of diversity needs to run right through companies and has called for a new voluntary target of 25% for female senior executives in major UK companies.

Speaking recently at an event hosted by law firm Latham & Watkins, Fairburn had been asked to speak about women on boards of companies but she argued to achieve more executive directors there needed to be promotion and support of women throughout the company so they were viewed as future leaders of companies.… Read the rest

JKX Board ousted after defying UK Supreme Court over shareholder rights

JKX, the London-listed oil company has seen its entire board being replaced following years of questionable corporate governance and poor performance.

Proxima Capital, JKX’s third largest shareholder managed to secure over two thirds of the votes cast at a special meeting of JKX shareholders held on Thursday with their proposals to replace most of the board, including the chairman and chief executive.… Read the rest