Despite this, ESG goes beyond an isolated consideration of ‘E’ and ‘S’. In fact, by leaving governance factors out of the decision-making process altogether, organisations risk missing a crucial opportunity to fully leverage the power that comes with embedding sound corporate governance and risk management systems into their corporate pillars.This can spell disaster in a…
Tag: international corporate governance
Don’t strengthen the UK corporate governance code — abolish it | Financial Times
Brian Cheffins writes: The Financial Reporting Council has announced a fresh review of the UK Corporate Governance Code, indicating that it will strengthen and expand it. The FRC, likely to be absorbed soon into a new, more powerful regulator — the Audit, Reporting and Governance Authority (ARGA) — should bestow a wholly different parting gift:…
Audit watchdog to overhaul UK corporate governance code | Financial Times
The UK’s corporate governance code will be overhauled for the first time in four years with new rules to make boards more responsible for fraud and their company’s finances, and strengthen accountability for bad behaviour. The Financial Reporting Council, which oversees the audit industry, on Tuesday laid out plans to carry out recommendations made by…
Larry Fink Is Wrong About the Impact of the Russian Invasion on Globalization
In his annual letter to shareholders, Blackrock’s Larry Fink says that the response of the business community to Russia’s invasion of Ukraine signals “an end to globalization.” He’s wrong. It’s just the opposite. He writes: The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades….
Say on Climate: Investor Distraction or Climate Action? – MSCI
Investor engagement on climate change increased markedly in 2021. One key development was the emergence of say-on-climate votes: management-backed resolutions that ask shareholders to approve a company’s climate plan or climate-action report proactively, either on a one-time or recurring basis. In most cases, say-on-climate votes are nonbinding and advisory; even if a vote fails, the…
Proxy advice law which sparked fears it would reduce investor activism defeated in the Senate – ABC News
Australia’s parliament has thrown out the new restrictions on proxy advisory firms. Three days after they were introduced into federal parliament, the Senate has overturned Treasurer Josh Frydenberg’s regulations on proxy advisers. Proxy advisers are the people who advise big investors, including superannuation funds, on how to vote on issues impacting the re-election of company directors. Board…
Chinese banks and insurers are failing on corporate governance | Asset Owners | AsianInvestor
Global investor concerns about the reliability of oversight of Chinese companies following the problems at Evergrande are further validated by this review of Chinese banks and insurance firms, sectors that should be at the top of the list for security. The China Banking and Insurance Regulatory Commission (CBIRC) announced on November 12 that some of…
OECS invites comments on its Stakeholder Engagement Strategy
Stakeholders are being invited to input into development of a Stakeholder Engagement Strategy for the Organisation of Eastern Caribbean States (OECS). Development of this Strategy will fulfil a mandate from the OECS Council of Ministers for Environmental Sustainability (COMES) and contribute to efforts aimed at the management and sustainable use of marine and terrestrial biodiversity…
The rise of the minority shareholders – The Hindu BusinessLine
Vinit Bolinjkar, Head of Research, Ventura Securities, said it is high time that companies start recognising the rights of minority shareholders. The rights of minority shareholders need to be protected by independent directors but the problem currently is that many of them act on behalf of the promoters. Deepak Sanchety, Ex-Head of Surveillance, SEBI, said…
A crucial change is needed to improve corporate governance in Japan | Financial Times
Ever since Japan brought in codes of conduct for companies and shareholders, three words have echoed around the corporate landscape — “engagement”, “taiwa” (discussion) and “stewardship.” Japan set forth its first stewardship code for investors in 2014, and its first corporate governance code in 2015. At the time, I argued that a code for companies…
valueedgeadvisors.com 