Corporate Governance
The SEC has released a request for comment on Subpart 400 in Regulation S-K, which focuses on disclosures related to management, certain security holders, and corporate governance.
The finalized Commonsense Principles of Corporate Governance provide a good starting place for effective governance in US companies. They offer a major step forward in improving engagement between shareowners and the companies they invest in.
The UK could be seeing monumental changes in its board culture, Germany is making a move to improve dialogue between boards and investors, and Canada is close to having a single regulatory authority.
Under the guise of protecting investors, a new bill may impose unnecessary regulation on US proxy advisory industry. France is close to binding say-on-pay standard. Japan’s corpgov improving.
Report challenges current state of UK’s corporate governance. Is a US proxy dream coming true? Broadridge shares proxy work on end-to-end vote confirmation. Do activist investors need a lobbyist?
Why is a report highly critical of UK companies’ executive pay practices? What did a US paper on compensation goals and firm performance find?
SASB comment period on sustainability accounting standards for 79 industries in 10 sectors is underway through 6 July. Why was project necessary? How should investors use this new information?
The Council of Institutional Investors calls for IPO companies to abandon dual-class structures. T. Rowe Price takes even bolder stand. MENA, South Africa part of corpgov newsmakers in March.
Financial luminaries Jamie Dimon, Warren Buffett, and the heads of BlackRock, Fidelity, Vanguard, and others have held meetings to work on improving the corporate governance of public companies.
Research on the materiality of nonfinancial disclosures from the buy and sell sides’ perspectives and the New York City Comptroller’s expansion of its “Boardroom Accountability Project” are among corpgov news spanning the globe in January.
Three countries rolled out new codes in December. Another country is producing issuer data reports, and another launched a pilot financial database called CROWN.
From the Toshiba accounting scandal to the Labor Department’s controversial fiduciary rule proposal, 2015 has been an eventful year for capital markets.
What do investors want in compensation disclosure, and what best practices have emerged in recent years? CorpGov experts weigh in, and advise companies to craft their CD&As early.
Spinning the corpgov globe in November, board tenure, dual-class shares, ESG issues pop up.
For investment professionals, a key idea in the discussion of ESG issues is that systematically considering ESG issues will likely lead to more complete investment analyses and better-informed investment decisions.