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Corporate Governance News

Corporate Governance news continually updated from thousands of sources around the net.

44 min ago | NACD

Britain's Audit Watchdog Revises Corporate Governance Code

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."

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3 hrs ago | GlobeNewswire

Tikkurila's financial reporting in 2015

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.

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8 hrs ago | Reuters

UPDATE 1-Germany-listed Ultrasonic says top China executives missing, cash gone

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.

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Related Topix: China, Asia, World News

8 hrs ago | Business News

All companies will have to justify executive pay under City code

All companies - not just banks - will have to be able to claw back directors' pay and prove bonuses are linked to performance under a new City code published on Wednesday. The biennial review of the corporate governance code will also require companies to provide more information for shareholders on the risks they run and how long they will be able to continue in business under their current financing arrangements.

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Related Topix: Corporate Governance, Law

Tue Sep 16, 2014

Express India

RBI wants segregation of CMD post, panel to appoint directors

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.

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BBC News

Chief executives face pay overhaul

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.

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Related Topix: Corporate Governance, Law

Forbes.com

Debunking Finance's Reputation As The 'No' Department

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.

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Related Topix: Corporate Governance, Law, Business News

JD Supra

The Origins of the FCPA: Lessons For Effective Compliance and Enforcement - Pt 3

This is the third part of an occasional series. The first part is available here , while the second is here .

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Londonderry Today

Dobbins appointed to WELB

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."

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Customer Interaction Solutions

Pershing Square, Valeant and Allergan Settle Pending Litigation Before the Delaware Court of Chancery

Pershing Square Capital Management, L.P. and Valeant Pharmaceuticals International, Inc. announced an agreement with Allergan, Inc. is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of dermatology, eye health, neurology and branded generics. More information about Valeant can be found at www.valeant.com .

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Related Topix: Allergan, Biotech, Vicept Therapeutics, Valeant Pharmaceuticals International

Mon Sep 15, 2014

Sys-Con Media

H.R. 5405 Needs a Closer Look says Data Transparency Coalition

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.

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Related Topix: Corporate Governance, Law, Securities and Exchange Commission, Corporate / Securities Law

Freshnews

Investor Alert: Investigation of Bankrate, Inc. Announced by Glancy Binkow & Goldberg LLP

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.

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Related Topix: Media, Bankrate, Computers, InsWeb, Law, Corporate Governance

The Madison Press

Yost: Proposed GASB rule wrong for Ohio

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.

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Related Topix: Pension, Personal Finance

TheStreet.com

Why Bankrate (RATE) Stock Is Tanking Today

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.

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Related Topix: Bankrate, Computers, Media, Corporate Governance, Law, Financial Markets

West Australian

Good corporate governance leads to higher stock gains - study

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.

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Related Topix: Corporate Governance, Law

Business Journal

Bankrate CFO resigns amid SEC investigation

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.

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Related Topix: Media, InsWeb, Bankrate, Computers, Securities and Exchange Commission, Corporate / Securities Law, Law, Corporate Governance

GlobeNewswire

Sustainalytics Builds Governance Capacity and Strengthens Executive Team

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.

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Related Topix: Marketing

JD Supra

Academic Study Shows Increases In Insider Sales Prior To Public...

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.

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Related Topix: Corporate Governance, Law, 2012, Gliese Games, Video Games

CFO

On the IPO On-Ramp

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.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Latham & Watkins, Latham and Watkins, Corporate Governance

Business Journal

Bankrate CFO resigns amid SEC investigation

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.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Media, Law, InsWeb, Bankrate, Computers, Corporate Governance

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