Blog : BOARD TALK
|Posted on May 17, 2017 at 1:30 PM|
It is extraordinary how UK boardrooms repeatedly manage to pass off cybersecurity as some sort of natural disaster that is outside their remit of accountability.
A timely message lands from Brussels making just this point - repeatedly explored by me in posts on Forbes - but in a different way.
The WannaCry globally-coordinated ransomware attack on 12 May 2017 should put the spotlight on...Read Full Post »
|Posted on May 17, 2017 at 11:20 AM|
Oops. That's a bit of a governance FAIL.
More than 50% of UK domiciled funds do not have any independent directors. For funds domiciled overseas, the proportion with no independent directors drops to 20%, according to a survey conducted by LCP, the consultancy.
In the survey of nearly 300 investment funds used by UK pension schemes, LCP found that despite the UK’s leading reputation for fund governance, the jurisdict...Read Full Post »
|Posted on May 10, 2017 at 1:00 PM|
Ah, the theatre of corporate governance: it's the Volkswagen AGM tomorrow.
Hermes EOS, the stewardship and engagement team of Hermes Investment Management, recommends voting against the discharge of the management and supervisory boards of Volkswagen, as well as its revised remuneration policy.
"Our recommendation to vote against the discharge of th...Read Full Post »
|Posted on May 9, 2017 at 12:00 PM|
|Posted on May 8, 2017 at 10:10 AM|
Firms owned by women and minorities manage only 1.1% of total assets under management, according to a new study of diversity in the $71.4 trillion dollar asset management industry. But it says that firms with diverse ownership are under-utilised by instiutional investors.
The study, which says it is the most in-depth to date on ownership diversity within the asset management industry, is accompanied by an initial analysis which found no statistically sign...Read Full Post »
|Posted on April 26, 2017 at 3:30 PM|
Any good journalist knows that less is more, when it comes to using words to good effect. It is a lot harder to say something meaningful in 800 words than in 2000 - and a lot more effective as well.
So why does UK plc send its directors into the boardroom groaning under the weight of the number of words they are expected to read and digest, never mind the archaic practice of using bundles of paper ?
This blog reported onRead Full Post »
|Posted on April 24, 2017 at 12:15 PM|
Dividends. It might be time to start thinking about them in a wider context for UK plc. Hint: think pensions at the same time.
2017 saw a brisk start for UK dividends, according to the latest UK Dividend Monitor from Capita Asset Services, which provides infrastructure, services and expertise to clients across the capital markets.
The headline figures are impressive, but growth w...Read Full Post »
|Posted on April 9, 2017 at 8:30 PM|
News soon on this little blog's quest for sponsorship - I had forgotten about the Easter break, so I am aiming for May. But editorial independence will always be paramount, so if it remains unsponsored, I just post less.....it's all about time.
But, flying free of any ties today, I would like to draw attention to two events in the news. One was the extraordinary early press release from Barclays Bank plc. As I tweeted
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|Posted on April 3, 2017 at 12:00 PM|
A report just out says that 23 FTSE 250 companies - equating to 9% of the index's constituents - are "faltering under a worrying amount of pension debt."
Research from JLT Employee Benefits , one of the UK's leading pension and employee benefit consultancies has found that 23 FTSE 250 companies would need a payment of more than two years’ dividends in order to settle their defined benefit (DB...Read Full Post »
|Posted on February 27, 2017 at 11:00 AM|
Oscars, audit firms, accuracy AND inclusion: all in one place? Really. You might well wonder.
Perhaps it's just me - I tend not to think of issues in boxes -but in an inter-connected way - because that is how the world actually works. So when it rapidly emerged on Twitter that the accountancy firm PwC was responsible for the error at #Oscars2017, the first thing I thought was: "but it's an AUDIT firm - it's meant to be accurate."
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