Is the concept of corporate governance gaining relevance in China and which are the main constraints to its development? Despite the rapid economic growth in recent years, the institution of corporate governance in China is far from mature. Best practices in corporate governance as well...
Deutsche Börse acquires leading proxy voting advisor ISS for €1.9 million. The rationale of the transaction relies on Deutsche Börse intention to become the future leading ESG player globally. SVI raises concerns about the lack of competition in the proxy voting advisory market, the increase in...
As the economy increasingly struggled amidst the COVID19 pandemic, many corporations halted their dividend plans but appeared instead more reticent in sacrificing their executive compensation plans. For instance, the cases of IAG, British Airways owner, and Ryanair Bonus payment to CEO Michael O’Leary bring forth ethical considerations on the...
JPMorgan is to investigate clients and staff over illegally obtained federal aid. The bank has nearly arranged $29bn of forgivable loans under the PPP, a business loan initiative established as part of the US $2.2tn economic stimulus package. It is difficult to believe that this happened...
Despite the worldwide increase in ESG and sustainable investments, in the USA we are assisting to a great deterrence against ESG policies reviving the old objection they provide low returns, which has not been supported by the facts. In the last decade, a fundamental shift towards sustainable...
Ms. Booker, former Global Head of Diversity at Morgan Stanley, has pursued legal action against the bank claiming that she was fired last December after having pushed a plan aimed at helping black financial advisors. Last June, Marilyn Booker has pursued legal action against Morgan Stanley for...
Wirecard’s share price has collapsed after the exposure of its fraud scheme. On Thursday, June 18th 2020, Wirecard’s auditor, EY, stated that, when carrying out its 2019 audit of the firm, it could not find $2 billion in the company’s accounts, funds that the German firm later...
In 2018, the Danish bank, Danske Bank was accused of suffering a “near-total process failure” in a whistleblower report, which reveals that up to USD 3.3 billion linked to the President and the Federal Security Service of the Russian Federation had been laundered through its...
Evidence demonstrates that investors' behaviours change when the largest proxy advisory firm downgrades public companies' rating on governance ground. Professor Paul M. Guest and PhD student Marco Nerino of King's Business School at King's College London empirically demonstrate that Institutional Shareholder Services' (ISS) announcement of corporate...
Next year at Apple’ s annual meeting, shareholders will vote a non-binding resolution for transparency over human rights policies. On 9 September 2019, SumOfUs, a consumer advocacy group, submitted the proposal claiming that the US tech company had limited individual freedom of expression kowtowing to China's will, which...
Atlantia's share price in the last five years - Source: Borsa Italiana On Monday, Atlantia shares fell sharply as evidences of misconduct of two subsidiaries in the maintenance on Genoa bridge started to emerge. Alleged misconduct includes falsifying reports and / or excluding some key informations on the...
Japanese companies have set up a consortium on September 16, 2019 to help improving the reporting of financial impacts of climate-related risks in order to enhance green investments and face climate change issues. 172 Japanese companies (including Mazda Motor, Nomura and Sony) are now supporting...
The We Company’s executives, investors and advisers are discussing curbing WeWork voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning. Working towards its IPO, WeWork has faced criticism on its corporate governance standards, as well as over its business...
Thursday, August 29th was the deadline for the claims of the longest financial scandal in the UK. We are talking about the selling of shadowy payments protection insurance (PPI) on loans, credit cards and mortgages that occurred between mid 90s and 2010, the year when supposedly the...