23 10, 2014

Revisions to the UK Code

2014-10-23T20:39:47-07:00October 23rd, 2014|Categories: Corporate Governance|Tags: , |

The Financial Reporting Council (the FRC) is the gatekeeper for the standards of corporate governance for the largest listed companies on the London market.   The FRC regularly reviews and refreshes the UK Corporate Governance Code (the UK Code) and has done so again recently.   The September 2014 revision of the UK Code came into effect of 1 October 2014 and it is against this document that the largest listed companies are now obliged to report on a mandatory comply or explain [...]

30 09, 2014

UK Corporate Governance Code 2014 focuses on long-term risk

2014-09-30T20:26:14-07:00September 30th, 2014|Categories: Corporate Governance|Tags: |

Stephen Haddrill, CEO of the Financial Reporting Council (FRC), has suggested that the recent changes to the UK Corporate Governance Code are “designed to strengthen the focus of companies and investors in the longer term and the sustainability of value creation”. But while many of the reforms reflect a conscious move towards long-term sustainability, we do consider the impact of certain changes as subject to interpretation by corporates. Accordingly, there is still room for the more recalcitrant to hide [...]

15 09, 2014

Good corporate governance leads to higher stock gains

2014-09-15T21:55:00-07:00September 15th, 2014|Categories: Corporate Governance|Tags: , , |

Good corporate governance and a focus on environmental and social issues by companies lead to higher share price performance, according to a new study released on Monday. The study by the Smith School of Enterprise and the Environment at the University of Oxford and Arabesque Asset Management found that such practices lower the cost of capital for a company and ultimately translate into cashflows. "Based on the growing trend that we are seeing of sustainability entering the corporate mainstream, [...]

6 08, 2014

Corporate Governance — The Next Catalyst For Japanese Equities

2014-08-06T16:46:45-07:00August 6th, 2014|Categories: Corporate Governance|Tags: , |

Overhauling corporate governance to harness the power of private enterprise is critical to Japan’s growth strategy. Better engagement between corporate management and shareholders should ultimately lead to higher returns for holders of Japanese equities. We are focused on companies that can generate sustainable free cash flow, earn returns well above their cost of capital and regularly conduct shareholder friendly capital management. A critical aspect of Japan’s growth strategy is overhauling corporate governance to harness the power of private enterprise. [...]

17 06, 2014

Corporate governance vital for business growth

2014-06-17T20:19:01-07:00June 17th, 2014|Categories: Corporate Governance|Tags: , |

The Chief Executive Officer (CEO) of the Private Sector Development Strategy, Mr Joe Tackie, has challenged small businesses to put in place corporate governance since it is critical to business growth. He has also tasked business owners determining to position their businesses for growth to look at the architecture of their businesses and do away with their egos and position themselves for maximum growth. “Corporate governance is critical to business growth”, he stated, adding that people must ensure versatility [...]

13 06, 2014

Why good corporate governance is important for investment decisions

2014-06-13T23:59:43-07:00June 13th, 2014|Categories: Corporate Governance|

Corporate governance in PSUs is negligible, while the prime motive of family run business is to maintain control and not produce profits for shareholders. So for increased returns on your investment, pick companies with the most corporate oversight and the best governance. Over the centuries judges in common law learned something about human nature. They realised that agents might not be particularly honest when acting on behalf of their principals. To remedy this problem, they created the highest duty under the law, [...]

15 05, 2014

Nigeria: Weak Corporate Governance Threatens Bank Examination

2014-05-15T21:35:35-07:00May 15th, 2014|Categories: Corporate Governance|Tags: , |

Nigeria Deposit Insurance Corporation (NDIC) has identified weak corporate governance and inadequate implementation of risk based supervision (RBS) strategies as major threats to effective bank examination in the country. Director, Bank Examination Department, NDIC, Mr. Adedapo Adeleke said this at the 2014 Bank Examiners’ conference organised by the corporation in Lagos. In a paper titled, ‘Overview of challenges faced by examiners on on-site examination” he noted that bank examiners faced major challenges which are both systemic and operational. According [...]

7 05, 2014

AIG Addresses Corporate Governance Weakness in the Region

2014-05-07T17:21:15-07:00May 7th, 2014|Categories: Corporate Governance|Tags: , , |

Recognising the increasingly important yet underdeveloped discipline of corporate governance, AIG in partnership with KPMG, Norton Rose Fulbright and PARIMA (the region’s risk management organisation) is hosting seminars across seven countries throughout May and June. Beginning 6 May in Singapore, the seminars will move on to Malaysia, Indonesia, Philippines, Vietnam and Mainland China before wrapping up in Hong Kong on 26 June. Commenting on the seminar series, Jason Kelly, Regional Directors & Officers Liability, Financial Lines, AIG Asia Pacific [...]

20 03, 2014

United Kingdom: Is Your Defined Contribution Pension Scheme Up To Scratch?

2014-03-20T20:17:47-07:00March 20th, 2014|Categories: Corporate Governance|Tags: , |

Over the past year the Pensions Regulator has started to look seriously at the governance of money purchase pension schemes. In July 2013 it produced guidance explaining the type of good quality pension schemes it expected employers to provide to their workers to comply with auto-enrolment. Then it released a set of defined contribution guidance (dealing with good practice) and a code of practice (dealing with legal compliance) in November 2013. […]

12 02, 2014

CIMA introduces corporate governance guidance for regulated mutual funds

2014-02-12T22:09:05-08:00February 12th, 2014|Categories: Corporate Governance|Tags: , |

In December 2013, the Cayman Islands Monetary Authority (CIMA) published a Statement of Guidance for Regulated Funds — Corporate Governance (SOG) that sets forth minimum guidance for operators of Cayman Islands regulated funds for the sound and prudent governance of the regulated funds they operate. The SOG does not create new law but places a focus on the standards expected from operators of regulated funds. Furthermore, operators should note that, in addition to the SOG, the regulation of fund [...]

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