Monthly Archives: February 2015

KPMG Seeks Review of FRC’s Unified Corporate Governance Code

KPMG professional Services has called on stakeholders and audit committee members of public companies to form a coalition against the Financial Reporting Council’s, FRC, proposed unification of corporate governance code, and make sure it does not come into effect pending

Posted in General Issues

We need good corporate governance

Zambia’s Minister of Commerce, Trade and Industry, Mrs Margaret Mwanakatwe, says corporate governance has the potential to attract investment in many sectors of the economy. Mrs Mwanakatwe said  Government  will always  champion  the cause  of  good  corporate  governance  for Zambia

Posted in General Issues

The Compliance Revolution and Improving Board Oversight

We all know there has been a sea change in the compliance profession. No longer are compliance professionals relegated to the backwater of corporate governance. Instead, they are now front and center and being asked to design and implement effective

Posted in General Issues

Harnessing Disruption for Sustainability

This year, which has been dubbed “the year of sustainable development,” provides an ideal opportunity in this regard. At high-level meetings in Sendai, Japan, in March and in Addis Ababa, Ethiopia, in July, world leaders will pursue closer collaboration on

Posted in Business

Transocean CEO Steven Newman To Step Down, Effective February 16

Transocean Limited., a provider of offshore contract drilling services, said Steven Newman and the Board of Directors have mutually agreed that he would step down as President and Chief Executive Officer, effective February 16. Additionally, Newman has elected to resign

Posted in General Issues

Global businesses to consider natural capital in their accounting policies

Forty big global businesses, including the National Australia Bank, will now consider the value of “natural capital” in their accounting polices. The bank is one of the signatories to Natural Capital Declaration, a global agreement to try and develop a

Posted in General Issues

Taiwan bourse pursues reforms to lure international investment

Taiwan’s stock exchange, increasingly hemmed in by rules that favour local investors, is taking steps this year to make investment in the island’s public companies more attractive for offshore funds. Market operator the Taiwan Stock Exchange would lift quotas on

Posted in General Issues

Boards Behaving Badly

Taking on a directorship is synonymous with taking on a raft of responsibilities and duties. It is perhaps unsurprising therefore that many directors have the propensity to misbehave. This misbehaviour can present itself in more ways than one and ranges

Posted in General Issues

Why the World is Crazy About Sustainability

Personal effectiveness advocate and author of “The 7 Habits of Highly Effective People,” the late Steven Covey, defined success as “achieving your goals in such a way that you can keep achieving your goals.” In other words, true success is

Posted in General Issues

Dubai Named The Most Sustainable City In The Region

Dubai has been named the most sustainable city in the region, according to the Sustainable Cities Index developed by the build asset consultancy firm Arcadis. Regionally, Abu Dhabi and Doha ranked second and third in the index respectively. The index

Posted in General Issues

SEC to release scorecard for quoted companies

The Securities and Exchange Commission (SEC) is set to release a landmark Corporate Governance Scorecard for listed companies in the country. According to Mr. Mounir Gwarzo, the Acting Director General of SEC who hosted members of the Institute of Directors

Posted in General Issues

Shareholder Value and CSR: Friends or Foes?

There is little question that corporate social responsibility (CSR) and sustainability are of growing interest to businesses and investors. In 2011, just under 20% of S&P 500 companies published a sustainability or CSR report. By 2013, just two years later,

Posted in General Issues