Month: July 2020

HM Treasury has published a document summarising the responses received in respect of its technical consultation on the Fifth Money Laundering Directive and, in particular, the expansion of the UK’s Trust Registration Service (TRS) to include a wider range of express trusts (not just those with tax consequences, as is currently the case): see here….

Spring 2020 CorpGov.net Proxy Proposal results are in.  Once again, rules proposed by the SEC would likely cost shareholders billions of dollars because of delayed good governance practices. Since the SEC has not yet finalized their costly rulemaking, I filed the following update on their proposed Procedural Requirements and Resubmission Thresholds under Exchange Act Rule…

Catchwords: Where the Board determined that it had a reasonable belief that the applicant by his conduct was a serious risk to persons and took immediate action and imposed gender-based conditions on his registration – where applicant contends that the material before the Board was insufficient to require such action – where the applicant applies…

Wall Street Journal – Online Edition; 07/18/2020(AN 144619582); ISSN: 25749579Academic Search Complete Article source: https://search.ebscohost.com/login.aspx?direct=true&AuthType=sso&db=a9h&AN=144619582&site=ehost-live&custid=s2775460

Media Release Article source: /content/DisplayDoc.aspx?doc=media_releases/2020/47.htm

Madrid, July 14, 2020 The Monitoring Group (MG) is pleased to present its recommendations Strengthening the International Audit and Ethics Standard-Setting System. The MG is responsible for the overall governance of the international audit and ethics standard-setting process and the review of its effectiveness. The set of recommendations fulfills the overall objective that the MG…

Shareholder-Driven Stakeholderism (U of Chicago) by Cathy Hwang and Yaron Nili argues the Business Roundtable Statement of the Purpose of a Corporation should be seen as another way to entrench management, instead of disarming greedy profit-driven shareholders. Analysis of data, drawn from companies in the S&P 1500, found shareholders, not management, “have been the driving force behind…

O’Brien, Melanie Being a woman is exhausting. The hashtag #EveryDaySexism remains relevant to women’s daily experiences, all over the world. Women have to: think about when and where they walk or run; assess where they will sit on public transport; deal with strange men following them to their car; hear vulgar comments on their appearance…

Wen, Wei Gift cards are valid for a limited period of time and consumers cannot get refunds for any unused and expired monetary credit balance. Despite the recent federal and NSW gift card reforms, the reforms do not mandate gift cards to be refundable. By comparison, section 24 of the Australian Consumer Law may render…

Smith-Khan, Laura This article explores the important communicative roles that Australian migration lawyers and agents play when assisting refugee visa applicants, with particular attention to how they contribute to the (re)construction of applicant credibility. It identifies a range of communicative choices and concludes that practitioners have a variety of individual beliefs and skills that lead…