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Institutional Investor (June 14)

2017/ 06/ 16 by jd in Global News

“Companies and their stake holders are increasingly anxious to add more women to their boards, a process that can be fraught with controversy…. But for all the hand-wringing,” a recent study from the Wharton School found that “companies do not perform any better—or any worse—when they have women on their boards.” This is “the research diversity experts don’t want you to read.”

 

Financial Times (August 15)

2016/ 08/ 17 by jd in Global News

“US boardrooms are older, more male and filled with longer-serving directors than their European counterparts…. Directors of large and midsize US companies are four years older, on average, than European directors and almost twice as likely to be over the age of 65.”

 

Bloomberg (May 31)

2015/ 06/ 01 by jd in Global News

“Recent scandals at Takata (deadly airbags) and Toshiba (dodgy accounting), and Sharp’s ongoing angling for a government rescue when it should be shedding unprofitable businesses, are a reminder of how far Japan still needs to go.” Despite recent governance reforms, “Japan remains 30 years behind its peers in how its companies are run. Corporate Japan still indulges in cross-shareholdings and permits itself male-dominated boards, and the country’s timid media does little to hold it to account.” Still, progress is being made. “Some companies are starting to display the behavior Abe wants, and for which” overseas fund managers have “been agitating.”

 

Financial Times (November 27)

2011/ 11/ 30 by jd in Global News

Since 2010, chairmen have been required by the UK Code on Corporate Governance to personally report on how the principles relating to the role and effectiveness of the board are being applied. Yet, the “chairmen of FTSE 350 companies are failing to take responsibility for corporate governance, with half making no mention of the issue in their annual report statements according to a review by Grant Thornton.”

 

The Guardian (November 3)

2011/ 11/ 06 by jd in Global News

Looking at ways to strengthen corporate governance in the UK, Prime Minister David Cameron says it’s important “to make sure non-executive directors on boards are not the usual sort of rotating list of men patting each other’s backs and increasing the level of remuneration. I want to see more women in Britain’s boardrooms, which I think would have a thoroughly good influence.”

Looking at ways to strengthen corporate governance in the UK, Prime Minister David Cameron says it’s important “to make sure non-executive directors on boards are not the usual sort of rotating list of men patting each other’s backs and increasing the level of remuneration. I want to see more women in Britain’s boardrooms, which I think would have a thoroughly good influence.”

 

Financial Times (February 23)

2011/ 02/ 25 by jd in Global News

In the UK, just 12.5% of FTSE 100 board positions are filled by women. Lord Davies is recommending the government take measures to double this figure by 2015. The measures will likely be non-binding, rather than the rigid quota systems adopted by Norway, France and Spain. The Financial Times urges companies to “take voluntary targets seriously,” calling on the chairmen of all-male boards to “explain in their annual report why they find this acceptable” and on investors to “press male, middle-aged boards.”

In the UK, just 12.5% of FTSE 100 board positions are filled by women. Lord Davies is recommending the government take measures to double this figure by 2015. The measures will likely be non-binding, rather than the rigid quota systems adopted by Norway, France and Spain. The Financial Times urges companies to “take voluntary targets seriously,” calling on the chairmen of all-male boards to “explain in their annual report why they find this acceptable” and on investors to “press male, middle-aged boards.”

 

Financial Times (May 28)

2010/ 05/ 31 by jd in Global News

The Financial Reporting Council (FRC) has “set a new high watermark for post-crises governance standards.” The largest 350 listed companies in the UK (the FTSE 350) are now asked to hold annual elections for each director. They are also being encouraged to adopt more diverse boards (only 12% of FTSE 100 directors are women) and utilize external reviews of board effectiveness on at least a triennial basis. Lastly, the new code makes clear that boards are responsible for risk management. This summer, the FRC will release a Stewardship code outlining the responsibilities of shareholders.

The Financial Reporting Council (FRC) has “set a new high watermark for post-crises governance standards.” The largest 350 listed companies in the UK (the FTSE 350) are now asked to hold annual elections for each director. They are also being encouraged to adopt more diverse boards (only 12% of FTSE 100 directors are women) and utilize external reviews of board effectiveness on at least a triennial basis. Lastly, the new code makes clear that boards are responsible for risk management. This summer, the FRC will release a Stewardship code outlining the responsibilities of shareholders.

 

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