Category: Uncategorized

Media Release Article source: /content/DisplayDoc.aspx?doc=media_releases/2020/49.htm

The Accounting and Corporate Regulatory Authority is consulting on proposed amendments to the Companies Act (and subsidiary legislation): see here. Included is a provision to abolish the requirement – currently found in section 174 of the Act – that “Every public company that is a limited company and has a share capital shall, within a…

The Charity Commission for England and Wales issues a handful of regulatory alerts each year. These have, increasingly in recent years, focused on the threat of fraud. In its most recent alert, addressed to large charities, the Commission has, however, focused on the importance of governance: see here. The alert follows an investigation by the…

Media Release Article source: /content/DisplayDoc.aspx?doc=media_releases/2020/48.htm

The UK Supreme Court will give judgment next Wednesday in Lehtimäki v The Children’s Investment Fund Foundation (UK), on appeal from [2018] EWCA Civ 1605, [2018] WLR(D) 423. The issue before the court, to quote directly from its summary, was this: “Does the court have jurisdiction to direct members of a charitable company on how…

Rather belatedly I note that a revised edition of Japan’s Stewardship Code was published earlier this year: see here. Article source: http://corporatelawandgovernance.blogspot.com/2020/07/japan-revised-stewardship-code-published.html

The Comisión Nacional del Mercado de Valores (CNMV) has published a new edition of the Good Governance Code for Listed Companies. A copy of the new Code, in Spanish, is available here (pdf). A summary of the changes contained in the new edition, in English, is available here (pdf). Article source: http://corporatelawandgovernance.blogspot.com/2020/07/spain-cnmv-publishes-new-edition-of.html

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…