Not for the first time, listed companies have been receiving conflicting suggestions about what is (and is not) corporate governance best practice.
The new Corporate Governance Code, published by the FRC and applicable to UK listed companies for reporting periods commencing on or after 29 June 2010, indicates that best practice now requires FTSE350 companies to [...]
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UK institutional investors should no longer feel left out when it comes to rules about corporate governance and transparency. Now, with the publication of The UK Stewardship Code, institutional investors and their asset managers have a set of guidelines of their own.
The Stewardship Code, which is complimentary to the Corporate Governance Code, ‘aims to enhance [...]
New UK Corporate Governance Codeby Adam Becker
The new UK Corporate Governance Code, previously known as the Combined Code, came into effect just over a week ago. This iteration of the Code was drafted following Sir David Walker’s recent review of the previous version.
According to the new Code’s preface, ‘Two principal conclusions were drawn by the FRC from its review. First, that [...]
Parts of the UK media seem to have “discovered” CSR…..by Tim Purcell
We have noted that parts of the UK media have decided recently to engage in a debate about CSR. This was, perhaps, inevitable following the recent and ongoing events in the Gulf of Mexico. Obviously this development is useful to us in CO3 world. However it is a shame that much of the commentary seems [...]
Read more...Over the last few days the new UK government has signaled that it plans to re-introduce the Operating and Financial Review (OFR) reporting requirement. This idea has had a chequered history to say the least. The previous administration introduced it as a way of improving transparency only to, at the last minute, abruptly kill it [...]
Read more...What’s cooking at PwC?by Adam Becker
For a nation that virtually runs on chips, the UK has been a bit slow to catch on to biodiesel – fuel made from vegetable oils – and its emissions-reducing potential.
Good to see then, that PwC, one of the leading accountancy firms, plans to source a good chunk of the energy needed to run its [...]
BP – online crisis communicationsby Tim Purcell
Whatever your views are concerning the extremely sad and unfortunate events which have unfolded in the Gulf of Mexico recently, it is worth noting the efforts that BP has clearly employed to communicate its response.
The home page of the main company website has largely been taken over by information about the episode. The company is [...]
Bedtime reading for bankers?by Tim Purcell
Not for the first time we were reminded over the last week of the importance of cross-sector CSR initiatives. The solutions for CSR related reputational issues which have become a threat to an entire sector are often so complex that they are beyond the capability of individual companies no matter how large or powerful they [...]
Read more...PUMA’s paw print gets lighterby Adam Becker
PUMA’s new, more sustainable packaging and distribution system, Yves Béhar’s ‘Clever Little Bag’ has gained a lot of attention over the last day or two. It looks like an intelligent move, and a serious change from standard shoe packaging. By switching to a sheet of folded cardboard inside a recycled PET bag, PUMA will be [...]
Read more...The value of valuesby Hayley Brent-Isherwood
One might say that it is a bold Chief Executive indeed who is willing to stand up and declare that he does not drive his business by concentrating on the generation of shareholder value. But this is what Paul Polman, Chief Executive of Unilever, the multinational corporation behind some of the world’s most famous [...]
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