Financial Reporting Review Panel guidance on optimal corporate reporting
ABI report highlights best practice amongst listed companies
Updated guidance addresses heightened concern over executive pay in listed companies
“Tobin tax” strongly opposed by the UK financial services industry
GAME Group directors commit percentage of salary to buying shares through irrevocable trading agreements
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
Changes were announced in the 2011 Budget and have now received European state aid approval
Pensions Regulator may use powers to force acquirer to contribute to pension shortfall
Friendly Corporate PSL
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European securities regulator launches call for evidence
Guidance for AIM companies and advisers
A new, simpler framework for narrative reporting and clearer information on executive pay?
Government seeks to restrain directors’ pay that rises “virtually every year…regardless of performance”
International Integrated Reporting Committee calls for a more meaningful approach to corporate reporting
City of London Law Society and GC100 comment on the Government “blueprint for reform”
The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) (Amendment) Regulations 2011 will come into force on 1 October 2011.
Becomes effective today, 19 September 2011
“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.
Speech also drew attention to the contribution of legal services to the UK economy
Biggest tax review for 30 years published
Where the US leads…
Healthcare Locums relisted after investigation into suspected accounting irregularities; shares down 90%
Chairman of board cannot be suspended by managing director alone
Cayman Islands judgment uses English case law to spell out the duties of directors of an offshore fund
FRC publishes summary of the listed company community’s views on risk and internal control
Corporate governance and reporting watchdog takes next steps to improve the quality of reporting and audit
Describes the processes and practices that create effective audit committees
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.
FSA action against various companies and individuals for alleged sophisticated market manipulation