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Our tech editor, Tom Herbert kicks off the podcast with the shutdown and acquisition of online bookkeeping giant Bench. He details who Bench are, what happened when the company ceased operations, why we should care and the dangers of using technology without proper oversight. With January being a busy month for accountants and the 31 January self assessment deadline looming, Richard Hattersley talks about HMRC's statistics that 5.4m taxpayers are still left to file their return. The team questions whether it is just human nature that a deadline is a deadline for a reason and they see how accountants are coping. Finally, Matthew Ord reports on the calls for change in audit. He looks at whether any progress has been made so far and the Financial Reporting Council's (FRC) desire for audit to be more effective.
Lindsey Stewart is Director of Stewardship Research and Policy at Morningstar Sustainanalytics, where he is a sustainability and governance specialist. Based in London he writes regularly about how institutional investors engage with companies and policymakers on environmental, social and governance themes and is a regular speaker on these topics. He previously was head of Stakeholder Engagement at the Financial Reporting Council and spent 8 years at KPMG in various engagement roles. Our conversation starts with Lindsey's unconventional background where he approached finance straight from school instead of via a traditional college degree. He describes it as a “moon shot” and details his journey into a governance specialists role, and some of the disorientation he experienced once he “landed” on the moon. This leads to a discussion around socio-economic mobility and the profession more generally and we look at the scaffolding that can enable such moves. We turn then to a discussion of the current state of sustainability data, where the world of engagement has moved to and challenges and opportunities that lie ahead for the area of sustainable investing.
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In this week's issue of Sustainability Insights, we are looking at corporate governance and reporting in EU portfolio companies.We are launching a new podcast series in February: Sustainability Insights … in conversation. In the first edition, Simon Witney will discuss topical issues, including the global ESG landscape and responsible AI, with Cornelia Gomez, Global Head of ESG at General Atlantic. Sign up on our website (www.traverssmith.com) and it will land in your inbox next week.Links:The EU's Corporate Sustainability Reporting DirectivePERG – the Private Equity Reporting GroupThe PwC analysis of good practiceThe Walker Guidelines commissioned by the BVCA and written by Sir David Walker in 2007TCFD further reforms announced and then ditched, following a call for evidence to gather ideas for simplifying the rulesThis year's PERG reportThe UK's Financial Reporting Council's review of reporting by the UK's largest private companies FRC's Guidance on the Strategic Report and Thematic review of climate-related metrics and targetsThe Wates Corporate Governance Principles for Large Private Companies, the UK Corporate Governance Code itself (amended this year, and with updated guidance) and the CGI model terms of reference for an ESG Committee"Section 172" statement ESG Footprints in Private Equity Portfolios: Unpacking Management Instruments and Financial Performance
On today's show, Ian King speaks to Peter Arnold, chief economist at the EY ITEM Club, about their forecasts for the UK economy.The chief executive of the Financial Reporting Council, Richard Moriarty, is discussing new rules for directors, after complaints they will harm the UK's competitiveness.And Myron Jobson, senior personal finance analyst at Interactive Investor, talks about why younger private investors have been outperforming their older peers.
To what degree can investors control climate outcomes? Listen to Jason Mitchell discuss with Dr. Tom Gosling, London Business School, why investors may need to rethink their net zero commitments; what universal ownership theory represents in the context of climate change; and how engagement at different levels plays a fundamental role in terms of investor influence. Dr. Tom Gosling is an Executive Fellow in the Department of Finance at the London Business School and an Executive Fellow at the European Corporate Governance Institute where he contributes to the evidence-based practice of responsible business by connecting academic research, public policy, and corporate action. His projects at LBS have included a collaboration with PwC on whether and how executive pay should be linked to ESG targets and a collaboration with The Investor Forum on What does stakeholder capitalism mean for investors? Tom is also on the ESG Advisory Committee at the Financial Conduct Authority and on the Advisory Panel of the Financial Reporting Council.
Hello, and welcome to episode 79 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. Sanctions and fraud news take our focus this week, but the other areas of financial crime keep those areas ticking along nicely. We also take a look at this week's cyber-attack news. As usual, I have linked the main stories flagged in the podcast in the description. These are: Criminal Cases Review Commission, Financial trader's conviction referred to Court of Appeal.Crown Prosecution Service, Bernie Ecclestone convicted of fraud.Financial Conduct Authority, Cryptoasset AML / CTF regime: feedback on good and poor quality applications.Financial Conduct Authority, Whistleblowing quarterly data 2023 Q2.Financial Conduct Authority, Financial watchdog fines Equifax Ltd £11 million for role in one of the largest cyber-security breaches in history.Financial Conduct Authority, Final Notice: Equifax Ltd.Financial Conduct Authority, Restrictions placed on IBP Markets Limited and the firm enters special administration.Financial Conduct Authority, First Supervisory Notice: IBP Markets Limited.Financial Reporting Council, Sanctions against KPMG LLP, KPMG Audit plc and two former partners.Hiscox, Cyber Readiness Report 2023.Home Office, Independent Review of Disclosure and Fraud Offences: terms of reference.Institute of Chartered Accountants in England and Wales, The 21st-century evolution of cyber security.National Cyber Security Centre, Mastering your supply chain (blog post).New Zealand Supreme Court, David Charles Rae v Commissioner of New Zealand Police - SC 33/2023.Office of Financial Sanctions Implementation, General licence - INT/2023/3024200.Office of Financial Sanctions Implementation, General Licence INT/2022/2300292.Ogier, Employee Cyber Awareness Still A Major Concern - Make Sure Your Team Is On The Ball.Payment Systems Regulator, PSR responds to Which?, Age UK, National Trading Standards and Victim Support.UK Court Service, Boris Mints & Ors v PJSC National Bank Trust & Anor [2023] EWCA Civ 1132.US Bureau of Justice Statistics, Victims of Identity Theft, 2021.US Department of Justice, Deputy Attorney General Lisa O. Monaco Announces New Safe Harbor Policy for Voluntary Self-Disclosures Made in Connection with Mergers and Acquisitions.US Department of Justice, Acting Assistant Attorney General Nicole M. Argentieri Delivers Remarks at the American Bar Association 10th Annual London White Collar Crime Institute.US Department of Justice, Ten Individuals Charged for $950,000 COVID-19 Relief Fraud Schemes.US Department of Justice, Man Sentenced for Over $500,000 COVID-19 Relief Fraud and Money Laundering Scheme.US Department of the Treasury's Office of Foreign Assets Control, Treasury Sanctions Entities for Transporting Oil Sold Above the Coalition Price Cap to Restrict Russia's War Machine.War & Sanctions, Artworks owned by Roman Abramovich.
In this episode, Link Group's very own Steve Playford sat down with David Styles, who leads the Corporate Governance and Stewardship Team at the Financial Reporting Council to talk us through some of the changes underway to the UK Corporate Governance Code, and how you can get involved in their open consultation. If you'd like to find out about the FRC and the changes to the UK Corporate Governance Code taking place, go to www.frc.org.uk And if you'd like to learn more about our Ahead community for corporate governance professionals, you can sign up to this free programme at https://www.companymatters.co.uk/ahead/ Hosted on Acast. See acast.com/privacy for more information.
In this episode of 'Pull Up a Chair', Bina is joined by Sir John Kingman, Chair of Legal & General, covering how his experiences in positions at the very top of government and business have shaped his perspectives on investing for sustainable growth, and attracting Global talent. As former Second Permanent Secretary to HM Treasury, he was at the heart of the UK government's response to the 2008/9 financial crisis, managing the resolution of Northern Rock and negotiations around the refinancing of UK banks. Sir John was also the first Chair of UK Research and Innovation, overseeing government science funding of more than £8bn per year, and his eponymous review of the Financial Reporting Council in 2018 recommended the wholesale reform of audit and accounting regulation. Join the conversation on sustainable growth.
In this podcast, Dr Sabine Dembkowski, Founder and Managing Partner of Better Boards, discusses with Professor Randall Peterson the role of the board in helping organisations become better at dealing with diversity – moving beyond the presence of diversity to being able to engage diversity to benefit the organisation. Randall is a Professor of Organisational Behaviour at London Business School, and his recent work includes a report for the Financial Reporting Council on board diversity. He has been active on the board of UN Women UK. He is currently serving on the Leaders as Change Agents board, an expert panel working through the Government Equalities Office to facilitate positive change in the UK's largest employers. "We know something about what goes wrong - There's a parallel track…"Randall describes the wide range of research he has looked at in depth with over 100 directors and company secretaries, which has given very consistent results. To gain multiple perspectives, usually, two or three people per board are required. "Adding diverse voices to the mix is not enough" Randall explains that although diversity can benefit your business, there is no guarantee that it will unless you embrace it by doing the inclusion work engagement, which is hard to do. Well-managed diversity leads to tangible changes in the culture of how a board operates and interacts (making it more inclusive and collaborative), which has positive effects on the bottom line and corporate value. "Stop saying that diversity is going to get you a better outcome"To be world-class, you have to be diverse because the research shows more diverse groups produce more varied outcomes. The very best groups are highly diverse, but so are the worst ones. Randall outlines some areas where his research was surprising. Firstly, the business case for diversity as traditionally formulated can actually have a strong negative impact. When you diversify and put a spotlight on people who are different, it can feel threatening and diminish performance. Secondly, Randall found that boards that are really good at one type of diversity are typically not great at another. Some boards were really good at gender, but not very good at race and ethnicity, and vice versa. There is now a better understanding that the barriers to entry for different groups are different. "Having a growth mindset, focusing on how we can get better outperforms any other culture"Randall finds that interviewees are often somewhat reluctant to talk about demographic diversity because they don't want to 'get it wrong.' Most care deeply about diversity and should be braver in raising those issues in conversation, in nomination processes, etc. He wants to encourage people to have these conversations, being positive about what can be done, and what can be done better. The research shows very clearly that having a growth mindset, focusing on "how we can get better" outperforms any other culture, in terms of ways of working.The three top takeaways from our conversation are:1. The importance of being willing and able to advocate for diversity, as there are often many more allies around the table than we typically anticipate.2. Every single director has a role to play in creating a culture of learning and growth and focusing on 'how do we get better', instead of 'what we do wrong'. Focus on what can be improved.3. To identify a diverse set of directors successfully, pause the search and seek out a smaller search firm that specialises in different groups of people, because there are a lot of highly qualified, highly motivated, great potential directors waiting to be found
We recently hosted two events for our clients and industry partners to help drive improvements around how companies run their AGM, or any other form of shareholder meeting.Each event featured a brilliant presentation from Maureen Beresford and Kelvin Ernest from the Financial Reporting Council (FRC) on new guidance they've issued to help make AGMs more simple, accessible and effective. We therefore decided to sit them down afterwards with our very own Steve Playford so they could share some insights.If you'd like to find out more information about the Financial Reporting Council, their new guidelines and more – go to www.frc.org.uk Hosted on Acast. See acast.com/privacy for more information.
Phil Frost summarises the Financial Reporting Council's Annual Review of Corporate Reporting focusing on the top ten problem areas in financial statements.For more information on this topic and more, please visit www.mercia-group.com for further details.
Audit in the UK is in transition, with major reform and increased regulation being planned by the Government and the Financial Reporting Council. This episode with ICEAW Manchester and Alliance MBS will give the business community the opportunity to feedback to the government and to comment on the proposed reforms. This episode will also look to highlight the areas where practising and business accountants and Directors can start to understand how to deal with the changes. There will be ample opportunity for the audience, both present and online, to question the panel and make constructive comments on the proposals. Background In July 2022, the Financial Reporting Council (FRC) published a Position Paper setting out the next steps to reform the UK's audit and corporate governance framework. The paper follows the Government Response to the consultation on strengthening the UK's Corporate Governance, Corporate Reporting and Audit systems, including the creation of the Audit, Reporting and Governance Authority (ARGA), to replace the FRC. The document builds on the areas of the Government Response that fall within the FRC's remit, providing advanced clarity for stakeholders on how the work of reform will be delivered ahead of government legislation. That work includes revising existing codes, strengthening auditing and accounting standards, setting expectations to drive behavioural change ahead of statutory powers, and the development of guidance to address issues set out in the Government Response. In particular, the Position Paper sets out proposed changes to the UK Corporate Governance Code. This will provide a stronger framework for reporting on the effectiveness of internal controls and Board responsibilities for expanded sustainability and ESG reporting, and new guidance on enhanced resilience statements and fraud reporting by directors. Speakers Lord Callanan, Under Secretary of State for Business, Energy and Corporate Responsibility Lord Callanan was appointed Parliamentary Under Secretary of State at the Department for Business, Energy and Industrial Strategy on 14 February 2020. He was Minister of State at the Department for Exiting the European Union from 27 October 2017 to 31 January 2020. Callanan was a Conservative Councillor on Tyne and Wear County Council between 1983 and 1986 and Gateshead Metropolitan Borough Council between 1987 and 1996, and a Member of the European Parliament for the North East England constituency from 1999, re-elected in 2004 and 2009. Callanan was created a Life Peer on 24 September 2014 taking the title Baron Callanan, of Low Fell in the County of Tyne and Wear. He was Parliamentary Under Secretary of State for the Department for Transport between June and October 2017. Julia Penny (President, ICAEW) Julia qualified as an ICAEW Chartered Accountant in 1989 having first completed an honours degree in Accountancy and Finance at Brighton Polytechnic. Soon after qualifying she moved into a training role, initially teaching students and later moving into CPD training and technical roles. She specialises in audit, financial reporting and anti-money laundering and has worked for diverse organisations including Wolters Kluwer, Wilmington plc, Chantrey Vellacott and Baker Tilly (now RSM). Julia became involved with Thames Valley Society of Chartered Accountants early in her career and served first as treasurer and then as the Society President in 2001-2. Later she became chair of the ICAEW Technical Advisory Committee and a member of both the Technical Strategy and Financial Reporting Faculty Boards. Julia has been a Council member since 2013 and an ICAEW Board member since 2017. Julia was Vice-President for the year June 2020 to June 2021. She became ICAEW President and will hold this office from June 2022 to June 2023.
A conversation between Kay Kayachith, Associate Director of Investor Engagement and ESG at Luminous, and Maureen Beresford, Head of Corporate Governance, from the Financial Reporting Council about restoring trust in business, making the culture-purpose-strategy connection and keeping the page count down in your next annual report.
In this episode, we play back highlights from a recent event with where Kathy Cong, MD of Company Matters spoke to Maureen Beresford, Head of Corporate Governance at Financial Reporting Council, and Link Group's Courtney Menzies and Jai Baker about the corporate governance trends and highlights of the year so far, as well as what's to come in the second half 2022.This event was brought to you through our Ahead programme. Ahead is a community for governance professionals to discover new ideas, discuss industry trends and connect with like-minded people. If you'd like to join this free programme, visit https://www.companymatters.co.uk/ahead/ Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
How can the boards of the future effectively harness the power of diversity? Hear from Tom Gosling, member of the advisory panel at the Financial Reporting Council and an Executive Fellow of Finance at London Business School, Randall Peterson, Professor of Organisational Behaviour and Academic Director of LBS's Leadership Institute, and Vyla Rollins, Executive Director of the Leadership Institute and an expert in board dynamics and organisational behaviour. This conversation is based on the findings of the Board Diversity and Effectiveness in FTSE 350 Companies report, which was commissioned by the Financial Reporting Council. The research was carried out jointly by the Leadership Institute and SQW, the economic and social development research consultancy. This is the second podcast of the series.
The Financial Reporting Council commissioned the London Business School Leadership Institute and SQW to research diversity and board effectiveness. Key findings from the research on diversity and performance measures how directors think about diversity and the challenges presented in managing different types of diversity are discussed in this podcast. David Styles, Director of Corporate Governance and Stewardship at the Financial Reporting Council presents, joined by Professor Randall S Peterson, Professor of Organisational Behaviour and Academic Director of the Leadership Institute at London Business School, and Dr Sergei Plekhanov, Managing Consultant, SQW. This podcast is the first of a two-part mini-series.
BIO: Paul Smith is an independent corporate director and private investor with significant experience in the Financial Services and Investment Funds industries. He served as President and global CEO of CFA Institute from 2015 to 2019. STORY: Paul and his friends put in money to start a hedge fund seeding business in Hong Kong. The financial crisis hit just when they had received about 40% funding and had to pay back the investors who chose to get out. The partners had to close down the business and lost quite a substantial investment. LEARNING: Have a unique business model that investors will want to back. Don't have a highly concentrated shareholder base. Get your business to at least $3 million as fast as possible to survive. “Don't allow the excitement of a startup to cloud your judgment.”Paul Smith Guest profilehttps://www.linkedin.com/in/paul-smith-cfa/ (Paul Smith) is an independent corporate director and private investor with significant experience in the Financial Services and Investment Funds industries. He served as President and global CEO of https://www.cfainstitute.org/ (CFA Institute) from 2015 to 2019. He currently serves as a member of the Oversight, Policy, and Governance Committee of the https://www.frc.org.hk/en-us (Financial Reporting Council of Hong Kong). He is a https://www.sfc.hk/en/ (Hong Kong Securities and Futures Commission)'s Products Advisory Committee member. He is a founder of the http://sustainfinance.org/ (Sustain Finance )initiative and a trustee of the China Insight Foundation. Worst investment everPaul made a substantial amount of money from the sale of a business he owned, and he decided to quit his job and go out on his own. He set up a hedge fund seeding business in Hong Kong that he and a couple of other individuals funded with their money. Paul invested seven figures into the business. The plan was to set up the infrastructure behind a regulated asset management company, then go out and raise private equity-type investments to fund an investment vehicle. The investment vehicle would then, in turn, go out and seed investment managers. The partners raised money from a couple of institutions and some family and friends. The fund got regulated, and they began to seed managers, mainly in Asia but scattered worldwide. The company was about 40% invested when the 2008 financial crisis hit. Their institutional partners pulled the rug from underneath them. They paid the institutional partners back and unwound the business. As partners, they took quite a hit when the company ended. Lessons learnedWhen looking for investors, make sure you have a unique business model worth backing. Your shareholder base shouldn't be too concentrated. Raise enough money for your business for it to survive. Resilience is vital when running a business. Andrew's takeawaysIf you can't find any uniqueness in what you're doing, then be good in execution, or work with someone unique. You've got to get your business to between $3 to $5 million in revenue as fast as possible because that is how you'll afford everything that makes you a professional company that can survive. Sometimes the success of your business depends on your timing into the market. Actionable adviceDon't allow the excitement of a startup to blind you from implementing the lessons you've learned. Check your excitement and keep learning. No. 1 goal for the next 12 monthsPaul's goal for the next 12 months is to try and get Sustain Finance more firmly established and get some corporate sponsors to help with that. He also wants to hire more researchers and significantly impact China's asset management community. Parting words “Remain curious. Keep asking yourself why other people are different from you in a non-judgmental fashion.”Paul Smith [spp-transcript] Connect with Paul Smithhttps://www.linkedin.com/in/paul-smith-cfa/ (LinkedIn) https://twitter.com/Paul_Smith (Twitter)...
In episode 163 of HR Works Podcast, we talk about diversity at the C-Suite level and the role human resource professionals play in it. Today's guest is Fiona Hathorn, CEO of Women on Boards UK, which exists to supports its 30,000 members into the boardroom. Hathorn is an expert in the areas of Governance, Regulation and Talent Management who has sat on both marketing and audit & finance committees. She also advises a number of different boards and organizations. Currently she is an Advisory Panel Member for the Financial Reporting Council, an Advisory Board Member to Spktral, advisor to Peel Hunt and Chair of Hanx's Nominations Committee.
This week we are joined by the head of stewardship and main architect of the Financial Reporting Council's new Stewardship Code, Claudia Chapman. This week the FRC announced the very first signatories to the new UK Code, and we discuss the challenges and opportunities for both asset owners and asset managers in using the code as a reporting and communication tool. Claudia is a fantastic speaker, so this is an extremely easy listen! Rory Sullivan turns full-on influencer this week, with 5 life lessons from a classic https://www.google.co.uk/books/edition/What_They_Don_t_Teach_You_at_Harvard_Bus/vQn5jwEACAAJ?hl=en Please feel free to connect with any of the hosts on LinkedIn or Twitter Claudia Chapman: https://twitter.com/rileynowchapman?lang=en & https://www.linkedin.com/in/claudiachapman/ Rory Sullivan: https://www.linkedin.com/in/rory-sullivan-73188418/ Adam Matthews: https://www.linkedin.com/in/adam-matthews-84926b31/ David Hickey: https://www.linkedin.com/in/david-hickey-cfa-05633526/
Life Leadership with Leila Singh: All things... Coaching, Career & Personal Brand!
In today's episode of the mi-brand HQ podcast, I am speaking to Fiona Hathorn Fiona is the CEO of Women on Boards UK, an Advisory Panel Member to the Financial Reporting Council, Advisory Board member for Spktral (a technology company that helps organisations simplify the gender pay gap reporting process), advisor to Peel Hunt (mid-cap stockbroker) and Chair of Hanx's Nominations Committee (FMCG start-up). She is an expert in the areas of Governance, Regulation and Talent Management who has sat on both marketing and audit & finance committees. Fiona is also a Patron of Fight for Sight (a medical research charity) and was formerly a director for Hill Samuel Asset Management. She has advised the board of the Thai Euro Fund and is a Judge for the Non Executive Director Awards, sponsored by The Sunday Times. In 2020 Fiona joined King's College London's 'Global Institute for Women's Leadership' Advisory Board. In today's episode, Fiona shares with us – The role of a NED and why it is important A career differentiator: The many reasons and benefits for considering a NED role At what point you are “ready” for a NED role What Boards look for when hiring a NED and how you can prepare and impress 3 Top Tips to raise your visibility, to secure a NED role You can connect with Fiona on LinkedIn at – https://www.linkedin.com/in/fionahathorn/ The Life Leadership Podcast – with Leila Singh, is all things Coaching, Career & Personal Branding! This podcast is for ambitious career professionals, especially aspiring executives, working in the technology industry, wanting to uncover your real potential, create new possibilities and accelerate your career - to BE DO & HAVE more, whilst redefining your success, in work, relationships, health and much more. Life Leadership: Creating a life and career of choice, fulfilment and new possibilities! As well as discussing common coaching topics and challenges that my clients overcome, I will also explore aspects of career advancement and personal branding in the workplace. And of course, continue to interview high-achieving leaders and execs in the tech space, who have carved out a successful career in their field, overcome challenges, and are openly willing to share their career journey, learnings and insights with you. Please SUBSCRIBE to this podcast, leave a REVIEW and SHARE with those that may benefit from this content. If you would like to learn more about working with me, Direct Message me on LinkedIn or email me at hello@leilasingh.com Connect directly with me here - www.linkedin.com/in/leila-singh/ Register here to receive your copy of The mi-brand Personal Brand Playbook - www.leilasingh.com/go/playbook And check out - >>> This article by https://BestPodcasts.co.uk, who curated a list of the Best Career Podcasts of 2023, offering unique and actionable insights to help you achieve your career goals - https://www.bestpodcasts.co.uk/best-career-podcasts/ with our podcast ‘Life Leadership' featuring in the Top 5! >>> https://blog.Feedspot.com whose editorial team extensively researched and curated a list of the Top 15 Life Leadership Podcasts across all platforms, featuring 'Life Leadership' in the Top 3! With ranking based on factors including - Podcast content quality - Episode consistency - Age of podcast - Engagement & shares of the podcast across social platforms. 15 Best Life Leadership Podcasts You Must Follow in 2023 (feedspot.com)
In this episode, we're exploring how virtual reality and augmented reality are changing the professional services landscape. Hilary spoke to Spencer Welch, Commercial Director of Birmingham-based VR company Holosphere and Thomas Toomse-Smith, Head of Innovation and Digital (Regulatory Standards) at the Financial Reporting Council. To find out more about Holosphere's work, click here. To read the FRC Lab report on Virtual and Augmented Reality in corporate reporting, click here. Hosted on Acast. See acast.com/privacy for more information.
'REMUNERATION GOVERNANCE'This week on my ‘PAYING FOR GOOD' podcast, we're turning our attention to Remuneration Governance. David gives us an update on the codes and recent research linked to remuneration commissioned by the FRC. I also ask him three questions. Bearing in mind the events of the past 18 months:Has the remit of the remuneration committee changed?Have we got the right people sitting on remuneration committees?Do we need to review the remit of external auditors?Your action takeaway from David:When reporting on your Remuneration Governance, focus less on process and more on activities and outcomes:What activities took place?Were they successful?If not, what would you do differently in future to improve?What did you learn?TO GET EACH EPISODE OF THIS PODCAST STRAIGHT TO YOUR INBOX, PLEASE SUBSCRIBE HERE: https://www.peoplenet.ltd.uk/newsletter/To find out more about how to design and implement a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at client.care@peoplenet.ltd.uk.
Tinuade Awe is the Chief Executive Officer of NGX Regulation, which is a subsidiary of The Nigerian Exchange Group Plc. She is: a Trustee of The Nigerian Exchange Limited's Investors' Protection Fund; member of the Board of the Financial Reporting Council of Nigeria (FRC); and a Non-Executive Director of the Central Securities Clearing System Plc (CSCS). She has an LL.B Degree from the Obafemi Awolowo University, Ife as well as LL.M Degrees from Harvard Law School and The London School of Economics and Political Science (LSE). She is admitted to both the Nigerian and New York Bars. She is an Associate Member of Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) and Institute of Capital Market Registrars (ICMR). She is a Life Member of Institute of Directors. She was a member of the Senate's Technical Advisory Committee on the Companies and Allied Matters Act (CAMA) Amendment Bill 2020. Not only that, but she is the recipient of The African Legal Awards 2018, General Counsel of the Year; Law Digest Africa Awards, General Counsel of the Year 2018, and Esq. Nigeria Legal Awards, General Counsel of the Year 2017. She was recently selected as one of the World Federation of Exchange's Women Leaders for 2021. Her interests include education, travelling, African art, gender and development.
What do the Government's audit and corporate governance reform proposals mean for companies? In this podcast, we discuss the UK Government's long awaited consultation paper on audit and governance reform with the Financial Reporting Council's Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Miranda Craig, Director of Strategy and Change. The consultation paper proposes some fundamental reforms in a number of areas in relation to audit, corporate governance and corporate reporting. In this podcast we consider some of the key issues for corporates including in relation to director liability and accountability, risk management and internal control process and procedures and audit and assurance. Visit the FRC website to hear more about the consultation and share your views. https://www.frc.org.uk/https/www-frc-org-uk/frc-for-you/beis-consultation-document-2021/how-you-can-hear-more-about-the-consultation-and-s Speakers: Gareth Sykes, Of Counsel, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs and Miranda Craig, Director of Strategy and Change at the Financial Reporting Council
What do the Government's audit and corporate governance reform proposals mean for companies?In this podcast, we discuss the UK Government's long awaited consultation paper on audit and governance reform with the Financial Reporting Council's Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Miranda Craig, Director of Strategy and Change. The consultation paper proposes some fundamental reforms in a number of areas in relation to audit, corporate governance and corporate reporting. In this podcast we consider some of the key issues for corporates including in relation to director liability and accountability, risk management and internal control process and procedures and audit and assurance. Visit the FRC website to hear more about the consultation and share your views.Speakers: Gareth Sykes, Of Counsel, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs and Miranda Craig, Director of Strategy and Change at the Financial Reporting Council
In this podcast, we discuss the Financial Reporting Council's Review of Corporate Governance Reporting with Maureen Beresford, Head of Corporate Governance at the FRC. The Review is the first to consider reporting in accordance with the 2018 edition of the UK Corporate Governance Code and considers issues including, compliance with the Code; purpose, culture and values; succession planning; diversity and stakeholder engagement. We discuss each of these themes in this podcast and look ahead to the 2021 AGM season. Speakers: Gareth Sykes, Of Counsel and Maureen Beresford, Head of Corporate Governance at the Financial Reporting Council
In this podcast, we discuss the Financial Reporting Council's Review of Corporate Governance Reporting with Maureen Beresford, Head of Corporate Governance at the FRC. The Review is the first to consider reporting in accordance with the 2018 edition of the UK Corporate Governance Code and considers issues including, compliance with the Code; purpose, culture and values; succession planning; diversity and stakeholder engagement. We discuss each of these themes in this podcast and look ahead to the 2021 AGM season.Speakers: Gareth Sykes, Of Counsel and Maureen Beresford, Head of Corporate Governance at the Financial Reporting Council
Mick McAteer is an informed and friendly critic of UK financial services and how it handles its customers and the financially excluded. In this webinar he will share his views on the many circumstances from at least 2007, including things such as payment protection insurance (PPI), RBS Global Restructuring Group, Brexit, and now Covid-19, and their effect on the state of UK financial services. He will look at the nature of government support and the changing relationship between government and financial services. Mick will draw upon his career defending consumers to explore recovery and renewal, with a special emphasis on using covid-19 initiatives for reform. Speaker: Mick McAteer is a campaigner for economic and social justice with long experience of representing consumers at UK and EU level with a focus on financial markets and public policy. He is founder and co-director of The Financial Inclusion Centre, a UK not-for-profit policy and research group (www.inclusioncentre.org.uk). The Centre's mission is to promote financial markets that work for society. He is also Chair of the anti-poverty charity Z2K, Chair of Registry Trust, and Deputy Chair of the General Consumer Council of Northern Ireland. Previously, he was on the boards of: the Financial Conduct Authority (FCA) and its predecessor the Financial Services Authority (FSA); the Financial Reporting Council's (FRC) Professional Oversight Board; The Pensions Advisory Service (TPAS); and ShareAction (the movement for Responsible Investment). At Which? (the largest consumer group in Europe, formerly known as Consumers' Association), he led the work on exposing major scandals such as pensions, mortgage endowment, and PPI mis-selling, and work on reform of pensions, insurance and banking industries. Prior to this, he worked for five years for two major fund management firms in London. Interested in watching our webinars live, or taking part in the production of our research? Join our community at: https://bit.ly/3sXPpb5
After a thirty year executive career in financial services, Charles Macek (MHS Class of 1964) has been a non-executive director and a consultant/adviser for the last twenty years. He has been privileged to have been associated with significant companies such as Telstra and Wesfarmers, with an AFL club as a director of Richmond, and chairman of several non for profits such as Earthwatch and the Centre for Eye Research Australia, as well as chairing the Financial Reporting Council when it made the decision to adopt International Financial Reporting Standards as the basis for accounting in Australia. In this episode, we talk about: Memories from Year 12 exams Various ‘tipping points' you encounter in life that can have a big impact on the rest of your life How Melbourne High presents you with a wide range of opportunities, and how we should make the most of of everything we could try to do outside of the classroom What drink NOT to order in a job interview Career highlights, including being a part of Australia's largest ever IPO and Australia's biggest private takeover The definition of “success” Leaving a legacy For any questions relating to the MHSOBA podcast, please contact Adam Ashton at podcast@mhsoba.asn.au
In this episode Christian is joined by William Wright, founder of the capital markets think-tank, New Financial, which works to promote bigger and better capital markets. It also strives to explain the role and purpose of capital markets, and to focus the industry on how it can best serve the wider economy. In this conversation, William talks about the ways in which capital markets could change for the better; how Brexit will pose major challenges on both sides of the channel; and why it's vital that politicians understand the positive contribution that capital markets make in regions across the UK. Also in this episode, Christian looks at the looming job losses at BP; the latest thinking on when pubs may reopen; and the conclusion of the Financial Reporting Council's probe into Tesco accountants. See omnystudio.com/listener for privacy information.
Listen to EY’s Loree Gourley and the Financial Reporting Council’s David Styles and Claudia Chapman discuss the implementation of the revised 2020 UK Stewardship Code.
The Financial Reporting Council of Nigeria has released guidelines on the impact of COVID-19 on financial reporting. The FRC said on its website on Thursday that this was the second set of guidelines to be released by the council in two weeks.The first guidelines targeted auditors of financial statements in Nigeria who are the latest targeted preparers of financial statements. The regulator noted that its statutory responsibilities involved ensuring accuracy and reliability of financial reports and advising the Federal Government on financial reporting standards in Nigeria. It added that the purpose of the guidance was for directors of reporting entities and those charged with governance to assess the risk of COVID-19 at an early stage of the financial reporting and audit process. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices
The 2012 UK Stewardship Code broke new ground in establishing investor expectations. The new 2020 Code raises this benchmark by driving stewardship deeper in investment practice and activities. Listen to Jason Mitchell discuss with the Financial Reporting Council and investors why the new Code is important and how expectations will only increase. For more information visit https://www.man.com/maninstitute/FRC-2020-stewardship-code This podcast was recorded on 14 Jan 2020. Learn more about your ad choices. Visit megaphone.fm/adchoices
The 2012 UK Stewardship Code broke new ground in establishing investor expectations. The new 2020 Code raises this benchmark by driving stewardship deeper in investment practice and activities. Listen to Jason Mitchell discuss with the Financial Reporting Council and investors why the new Code is important and how expectations will only increase. For more information visit www.man.com/maninstitute/responsible-investment This podcast was recorded on 14 Jan 2020. Important information: This podcast should not be copied, distributed, published or reproduced, in whole or in part. Opinions expressed are those of the author and may not be shared by all personnel of Man Group plc ('Man'). These opinions are subject to change without notice, are for information purposes only and do not constitute an offer or invitation to make an investment in any financial instrument or in any product to which any member of Man's group of companies provides investment advisory or any other services. Any forward-looking statements speak only as of the date on which they are made and are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements. Unless stated otherwise this information is communicated by Man Solutions Limited which is authorised and regulated in the UK by the Financial Conduct Authority. In the United States this material is presented by Man Investments Inc. ('Man Investments'). Man Investments is registered as a broker-dealer with the US Securities and Exchange Commission ('SEC') and is a member of the Financial Industry Regulatory Authority ('FINRA'). Man Investments is also a member of Securities Investor Protection Corporation ('SIPC'). Man Investments is a wholly owned subsidiary of Man Group plc. ('Man Group'). The registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed Man Investments. In the US, Man Investments can be contacted at 452 Fifth Avenue, 27th floor, New York, NY 10018, Telephone (212) 649-6600. Copyright Man 2020
The Strategic Risks Insights podcast is brought to you by Reciproco Group. In this podcast, I talk with Hazel Beveridge, Project Director at the Financial Reporting Council about digital transformation, how regulation and business models are evolving and the impact of emerging technologies on the Chief Risk Officer role. Specifically, we discuss the impact of digital transformation on Personal Lines, Blockchain, the design of products and the FCA review of general insurance pricing. As a leader of your company, you must stay on top of your industry, or risk obsolescence. This can be a daunting task. Get ready to solve your biggest challenges and learn how to capitalise on your biggest opportunities. Executives depend on external advisors to fill knowledge and experience gaps, to help them make a case for change, or to have an experienced mind challenge their thinking. Reciproco brings together a wide range of proven thought leaders from around the globe and makes them available to you. Get access to insights and the tools you need to succeed.
In today’s edition of Daily Compliance News: · Trial of ex-Malaysian PM Najib Razak to begin. (The Guardian)· Shocked, just shocked to find out drug company pushed opioids. (NPR)· Former Colombia official convicted of bribing government officials on behalf of Odebrecht. (Colombia Reports)· UK’s Financial Reporting Council will examine KPMG. (Wall Street Journal) Learn more about your ad choices. Visit megaphone.fm/adchoices
In today’s edition of Daily Compliance News: · Trial of ex-Malaysian PM Najib Razak to begin. (The Guardian)· Shocked, just shocked to find out drug company pushed opioids. (NPR)· Former Colombia official convicted of bribing government officials on behalf of Odebrecht. (Colombia Reports)· UK’s Financial Reporting Council will examine KPMG. (Wall Street Journal) Learn more about your ad choices. Visit megaphone.fm/adchoices
The Agility Mindset Podcast launches today with an introduction episode hosted by Fiona Cannon OBE, Director of the Agile Future Forum and Group Responsible Business, Sustainability and Inclusion Director at Lloyds Banking Group, alongside business journalist Maggie Pagano. The episode is supported by Lloyds Banking Group with guest Sir Win Bischoff, Chairman of the Financial Reporting Council and former chairman of Lloyds Banking Group. The first episode will air on 8 January 2019.
An advisory group to the government review of the Financial Reporting Council is considering the role of actuaries and the extent to which actuaries should be subject to formal regulation in response to the pensions-related nature of recent corporate failures. Bob Scott, senior partner at actuarial consultancy LCP and immediate past chair of the Association of Consulting Actuaries, discusses the potential impacts of tighter regulation of the profession, and what it could mean for pension funds. See acast.com/privacy for privacy and opt-out information.
This episode of Planet Pod is all about Green Finance in all its guises - green investment, social investment, sustainable income and the green economy. Our host Amanda Carpenter (Achill Management) is joined by Jessica Fries, Executive Chairman of the Prince's Accounting for Sustainability Project (A4S), long finance expert Michael Mainelli, Executive Chairman of the Z/Yen Group and Paul Druckman, a passionate leader in capital market reform and Non Executive Director of the Financial Reporting Council. As well as our usual "Good, Bad & Ugly" slot we explore a range of issues related to the challenges and opportunities surrounding green finance. See acast.com/privacy for privacy and opt-out information.
Jen Sisson, investor liaison at the Financial Reporting Council (FRC), speaks to EY Director of Regulatory and Public Policy, Loree Gourley, about the FRC’s investor engagement and what topics and themes to expect in 2018.
Phil Fitz-Gerald, Director of the Financial Reporting Lab at the Financial Reporting Council, sits down with EY’s James King to provide an overview of the Lab’s projects, past and present. There have been 15 to date, ranging from digital reporting and risk and viability reporting, to net debt reconciliations. The Lab provides practical solutions to help companies improve their reporting in all its various forms. To find out more, listen to this podcast.
Debbie Crawshawe of the Financial Reporting Council, author of the Guidance on the Strategic Report, shares with EY Director of Regulatory and Public Policy, Loree Gourley, why the guidance is being updated, and what the changes will mean for businesses.
Anna Colban from the Corporate Governance and Reporting team at the Financial Reporting Council (FRC), joins EY Director of Regulatory and Public Policy, Loree Gourley, and shares her insight into the FRC’s forthcoming UK Corporate Governance Code consultation, part of a wider corporate governance reform agenda.
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