Financial Reporting Review Panel guidance on optimal corporate reporting
30 September 2011
Board effectiveness: Diversity, succession planning, board evaluation
ABI report highlights best practice amongst listed companies
30 September 2011
ABI revises its Principles of Executive Remuneration
Updated guidance addresses heightened concern over executive pay in listed companies
29 September 2011
Financial transaction tax: European Commission proposal
“Tobin tax” strongly opposed by the UK financial services industry
28 September 2011
Using a listed company “trading plan” to show confidence in a company’s future
GAME Group directors commit percentage of salary to buying shares through irrevocable trading agreements
28 September 2011
Auditors: European Commission to advocate joints audits, mandatory rotation, spin-off of consultancy businesses
Commission’s reported plans reflect unease at the role played – or not played – by auditors in the financial crisis
26 September 2011
Enterprise Investment Scheme: Tax reliefs increased
Changes were announced in the 2011 Budget and have now received European state aid approval
26 September 2011
Private equity, pre-packs and pension liabilities
Pensions Regulator may use powers to force acquirer to contribute to pension shortfall
22 September 2011
Law firm bills $44 million for four months work
Law firm bills $44 million for four months work on Madoff estate
Friendly Corporate PSL
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19 September 2011
Narrative reporting: Government proposals for reform
A new, simpler framework for narrative reporting and clearer information on executive pay?
19 September 2011
Executive remuneration: Government proposals for reform
Government seeks to restrain directors’ pay that rises “virtually every year…regardless of performance”
19 September 2011
IIRC publishes “integrated reporting” discussion paper
International Integrated Reporting Committee calls for a more meaningful approach to corporate reporting
19 September 2011
Financial services regulation: Lawyers respond to Government’s proposals
City of London Law Society and GC100 comment on the Government “blueprint for reform”
19 September 2011
Non-audit services: Changes to how large companies disclose fees paid to their auditor
The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) (Amendment) Regulations 2011 will come into force on 1 October 2011.
15 September 2011
Kay Review: Explanatory speech and call for evidence
“The purposes of equity markets…are to enhance the performance of British business and to provide good returns to savers and pensioners”
UPDATE 29 February 2012: The Kay Review’s interim report has been published today.
UPDATE 23 July 2012: The final report of the Kay Review has been published today. See this post.
15 September 2011
Government describes proposed European Contract Law as “an Esperanto fallacy”
Speech also drew attention to the contribution of legal services to the UK economy
14 September 2011
Debt finance and equity finance: Mirrlees Review suggests equalising tax treatment
Biggest tax review for 30 years published
13 September 2011
US Jobs Bill launches another attempt to tax carried interest as income
Where the US leads…
13 September 2011
How to make your accounts look better and then have to restate them
Healthcare Locums relisted after investigation into suspected accounting irregularities; shares down 90%
12 September 2011
“A bitterly fought dispute”: Powers of a managing director / power of court to order a meeting
Chairman of board cannot be suspended by managing director alone
9 September 2011
Weavering and the test for “wilful negligence” of directors
Cayman Islands judgment uses English case law to spell out the duties of directors of an offshore fund
8 September 2011
Boards and risk: The views of companies, investors and advisers
FRC publishes summary of the listed company community’s views on risk and internal control
8 September 2011
FRC announces proposed reforms to company reporting and audit
Corporate governance and reporting watchdog takes next steps to improve the quality of reporting and audit
7 September 2011
ecoDa publishes guidance for listed company audit committees
Describes the processes and practices that create effective audit committees
6 September 2011
Simpler financial reporting for the smallest businesses?
Joint BIS and FRC discussion paper to prompt debate on how the smallest companies should report their finances
UPDATE 24 March 2012: Following the EU’s adoption of the Directive on micro-entity reporting in February 2012, the Government has now announced that it intends to take advantage of the new EU regime and will consult on implementation in due course. See this post for details.
5 September 2011
“Layering” and market abuse
FSA action against various companies and individuals for alleged sophisticated market manipulation
1 September 2011
Women on boards / Facebook
Deadline for FTSE 350 companies to announce their goals for female board membership approaches
