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The APEsphere blog by Andrew and Angela Newton
By Andrew Newton on 22 Mar, 2009 - 11:57 UTC
A senior labor party politician has demanded an investigation into whether Royal Bank of Scotland non-executives were threatened for doing their job.
According to the allegations about the financially distressed, bailed out bank:
"at least three of its former non-executive directors may have been intimidated and threatened with the sack for asking searching questions about its financial affairs
...
The intervention by Lord Foulkes, who is also a member of the Scottish Parliament, comes amid fears that the bank will be exposed as Britain's equivalent of Enron"
SA: Draft King 3 corporate governance code released
By Andrew Newton on 26 Feb, 2009 - 11:44 UTC
Another groundbreaking revision of the South African corporate governance code has been produced by the committee run by Mervyn King.
The second King report attracted international attention for its requirement that companies produce sustainability reports in line with recognised benchmarks such as the Global Reporting Initiative.
The new report takes the corporate responsibility agenda even further. It is no longer good enough simply to report on sustainability performance. Now sustainability is pushed as a principle so central to business operation that the report refers throughout to "integrated sustainability performance and reporting" i.e. the integration of sustainability into decision making and the annual report to shareholders.
The draft King 3 places South Africa back in the forefront of 21st century business thinking.
The second King report attracted international attention for its requirement that companies produce sustainability reports in line with recognised benchmarks such as the Global Reporting Initiative.
The new report takes the corporate responsibility agenda even further. It is no longer good enough simply to report on sustainability performance. Now sustainability is pushed as a principle so central to business operation that the report refers throughout to "integrated sustainability performance and reporting" i.e. the integration of sustainability into decision making and the annual report to shareholders.
The draft King 3 places South Africa back in the forefront of 21st century business thinking.
Non-executive directors provide little control - survey
By Andrew Newton on 02 Feb, 2009 - 14:58 UTC
A survey of non-executive directors finds that a third of them feel they cannot control their chairman or CEO.
Non-executive directors are relied upon in corporate governance codes as an external check on the power of company executives.
Some 40% of non-executives surveyed did not feel they could bring about he removal of a fellow board member.
Non-executive directors are relied upon in corporate governance codes as an external check on the power of company executives.
Some 40% of non-executives surveyed did not feel they could bring about he removal of a fellow board member.
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News by Impact
- SA: Draft King 3 corporate governance code released
- SA: Draft King 3 corporate governance code released
- Were RBS non-executive directors muzzled?
- SA: Draft King 3 corporate governance code released
- SA: Draft King 3 corporate governance code released
- Were RBS non-executive directors muzzled?
- SA: Draft King 3 corporate governance code released
- Non-executive directors provide little control - survey