Corporate Governance News
Corporate Governance news continually updated from thousands of sources around the net.
44 min ago | NACD
Reuters is reporting that the Financial Reporting Council has overhauled its corporate governance code for U.K.-based companies. According to the wire service, the goal of the overhaul is to make such firms "safer for investors by giving more information about how they are run and an assessment of any potential risks facing the business."
3 hrs ago | GlobeNewswire
Tikkurila Oyj Stock Exchange Release September 17, 2014 at 1:00 p.m. Tikkurila Oyj will publish its Financial Statement Release and three Interim Reports in 2015 as follows: February 10, 2015 Financial Statement Release for 2014 April 29, 2015 Interim Report for January-March 2015 August 4, 2015 Interim Report for January-June 2015 November 5, 2015 Interim Report for January-September 2015 The electronic version of the Annual Report for 2014 will be published during week 10 . Tikkurila Oyj's Annual General Meeting is scheduled for Wednesday, March 25, 2015.
8 hrs ago | Reuters
Ultrasonic AG , a Chinese footwear maker listed in Germany, said most of its cash reserves in China and Hong Kong had disappeared and it had lost trace of its chief executive and chief operating officer. The mystery is likely to fuel concerns about corporate governance in the world's second-biggest economy, at a time when shortsellers are targeting smaller Chinese companies with claims of falsified statements to auditors and dubious management practices.
The Reserve Bank of India has proposed segregation of chairman and managing director posts and a separate committee for appointment of directors on the board of PSU banks. On corporate governance reforms in PSU banks, RBI Deputy Governor R Gandhi said the central bank has already recommended certain suggestions to the government.
The FRC guidelines - known as the UK Corporate Governance Code - are enforced by a "comply or explain" policy - which means companies either follow them or explain how else they are acting to promote good governance. "Boards of listed companies will need to ensure that executive remuneration is aligned to the long-term success of the company and demonstrate this more clearly to shareholders," the FRC said in its updated code published on Wednesday.
I'm president and CEO of IMA , one of the largest and most respected global associations focused exclusively on advancing the management accounting profession. Prior to joining IMA, I was the CFO for business sales at AT&T, an $18B revenue operation.
This is the third part of an occasional series. The first part is available here , while the second is here .
Barry Mulholland, Chief Executive of the Western Education and Library Board has welcomed newly appointed Board Member Angela Dobbins to the Board. "Her practice and expertise in corporate governance and knowledge and experience of the education service gained through her work as a councillor, chairperson and council representative will contribute a great deal to the skills base of Board members at the Western Board."
Certain provisions in the bill would be detrimental to the push for more accountability and transparency in financial reporting. "We strongly urge the House to take a closer look at H.R. 5405 before voting on it.
Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Bankrate, Inc. concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by the Company concerning Bankrate's operations and financial performance.
Ohio's state auditor says that an additional reporting requirement for local governments to add future healthcare liabilities to their annual reports "would inaccurately state the position of the government and would be misleading." Dave Yost traveled to Chicago on Thursday to testify before the Government Accounting Standards Board in opposition to a proposal that would require local governments to begin reporting future healthcare liabilities for public employment retirees.
Investigators are looking into three accruals of revenue totaling approximately $781,000 and two adjustments to reduce accrued expenses totaling approximately $850,000, the company said. Bankrate also announced that Steven Barnhart would serve as interim CFO starting today, replacing former CFO Edward J. DiMaria.
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.
Bankrate's CFO resigned as the company undergoes a Securities and Exchange Commission probe for its 2012 financial reporting, the North Palm Beach-based company announced Monday. Edward J. DiMaria resigned as CFO of the financial news company as the SEC began a probe focused on the second and third quarters of 2012.
AMSTERDAM; TORONTO, Sept. 15, 2014 -- Sustainalytics, a leading provider of environmental, social and governance research and analysis, announced today that the firm has hired corporate governance industry veteran, Cheryl Gustitus, to head its global marketing and to lead strategic initiatives.
Articles in Compliance Week and Forbes report on a recent academic study showing unusually high levels of stock sales by insiders in the period prior to public release of SEC comment letters that addressed revenue recognition issues, a topic that can often spell trouble at many companies. The level of trading by insiders was even higher at companies with acute financial reporting quality and valuation issues, identified by significant short selling activities and high levels of accruals.
It's been a little more than two years since Congress passed the Jumpstart Our Business Startups Act, a law intended to make it easier for smaller companies to obtain access to capital. Title 1 of the act created the so-called IPO on-ramp, consisting of provisions that make it simpler and less costly for emerging growth companies-defined as those with less than $1 billion of annual gross revenue-to go public.
Updated: Wed Sep 17, 2014 08:18 am
Copyright © 2014 Topix LLC