3 December 2019

Anti - money laundering agency proposed to be established at the EU level

EU countries point at lack of centralized supervision over money-laundering crimes.

2 December 2019

Google Co-Founders leave management roles

Google CEO Sundar Pichai will take over as CEO of parent company Alphabet

2 December 2019

Sean FitzPatrick fined for refinancing Anglo Irish Bank loans

Former Chairman of Anglo faces charges for misconduct

25 November 2019

'Weaknesses in Danske Banks's IT risks governance' FCA says

Danske Bank to make improvements to its IT governance

20 November 2019

Australian regulator accuse Westpac of biggest money laundering breach in nation's history

Money laundering breach of the second-biggest bank in Australia.

19 November 2019

Softbank to acquire KPMG Mayfair member's club

KPMG put its property on the market after FRC questioned clients' benefits.

12 November 2019

Views from the Steering Room: A Comparative Perspective on Bank Board Practices

The research focuses on board governance in large banking organisations, using information from a sample of 32 international “best practice” banks compiled by Aktis and a series of interviews with bank board leaders and senior supervisors.

29 October 2019

Swedish, Estonian regulators advance investigations into Swedbank

Swedbank is going to face a formal sanction due to weaknesses in its anti-money laundering procedures.

24 October 2019

Citigroup names Jane Fraser as new head of its consumer bank

Fraser is a likely candidate to succeed Michael Corbat as CEO.

23 October 2019

Sports Direct appoints RSM as new external auditor

Appointment comes after the resignation of Grant Thornton in August.

23 October 2019

Metro Bank's Chair resigns as company reports loss in third quarter

Senior independent director Michael Snyder will take over as interim Chair.

20 October 2019

Matthieu Pigasse is leaving the position of Chairman and CEO of French Lazard

Pigasse is stepping down after 17 years at Lazard to start a new venture.

10 October 2019

Luxottica founder Del Vecchio plans to increase stake in Mediobanca

Del Vecchio has already took 7% stake in the investment bank.

9 October 2019

Bulgarian-American credit bank acquire E-money start up

BACB completed purchase of Paytech from Bulgarian Telecommunications Company.

8 October 2019

Nissan appoints its head of China business Makoto Uchida as new CEO

Nissan appointed its head of China operations as new CEO.

4 October 2019

BP CEO Bob Dudley to retire early next year

Dudley will be replaced by Bernard Looney, current head of the company’s upstream business.

2 October 2019

Martin Gilbert to leave Standard Life Aberdeen

Vice Chair of Standard Life Aberdeen will step down from his role next year

27 September 2019

BNY Mellon Charles Scharf to join Wells Fargo as CEO

Appointment of former Visa CEO ends the six-month long search.

20 September 2019

India sees a rise in stock after reducing corporate taxes

India cuts its corporate tax to encourage foreign investment, and thereby boost the economy.

19 September 2019

Airbnb plans to list on stock exchanges in 2020

Home rentals platform Airbnb becomes the next sharing economy business that intends to go public.

11 September 2019

Shareholders lose faith in Sports Direct founder Mike Ashley

Almost a quarter of independent shareholders voted against Mike Ashley’s re-election at the last AGM.

10 September 2019

Former Deutsche Bank chief to chair Man Group

Man Group appoints as Chairman the former CEO of Deutsche Bank.

6 September 2019

British Airways at risk of more pilot strikes

BA to face more strikes as further negotiations with the trade union fail to take place

5 September 2019

Goldman Sachs continues to shrink its top level ranks

CEO's one-year anniversary internal review has ignited a shake up among the bank's long-time managers

4 September 2019

Nissan CEO to return $400,000 in performance based pay

Hiroto Saikawa received a higher payment after a change in the execution date of his stock appreciation rights.

26 August 2019

Johnson & Johnson to pay $572 million for role in Oklahoma opiod crisis

World’s largest healthcare company found responsible for the state’s opioid crisis

22 August 2019

Social media platform Mail.ru acquires car sharing business YouDrive

Mail.ru strike deal with YouDrive in response to drive app success of Yandex.

22 August 2019

Rethinking the purpose of businesses

The decision of big corporations to ditch the shareholder primacy mantra raises questions about the purpose of businesses

15 August 2019

WeWork's IPO raises concern

The multi share system and the lack of female representation on the board could affect investors' willingness to buy WeWork shares

13 August 2019

CBS and Viacom to reunite in an all-stock merger

CBS and Viacom reunited after 14 years in order to take on competitors.

13 August 2019

ING to pioneer sustainability improvement derivatives

ING supports clients to achieve their sustainability goals through the introduction of financial securities linked to sustainability.

12 August 2019

KPMG dismisses Head of UK financial services after investigations of misconduct

Tim Howarth is the third senior executive being ousted by KPMG after conduct probe this year.

9 August 2019

Investec shareholders show strong opposition to reappointment of KPMG as company auditor

More than 20 percent of shareholders voted against the reappointment of KPMG as joint auditor of the company’s South African unit.

8 August 2019

COSO set to release new guidelines for managing cybersecurity

The new guidance is expected to focus on the application of ERM principles as a protection against cybersecurity threats.

5 August 2019

CEO of HSBC steps down after less than two years in the role

John Flint is resigning from the HSBC’s Chief Executive position after serving for less than 18 months.

24 July 2019

Facebook fined $5 billion by FTC for privacy violations

Settlement with the FTC also requires the company to set up a board privacy committee comprised of independent non-executive directors.

17 July 2019

Australian prudential regulator will have veto power over executive appointments at the country's bank

The government review has criticised Apra for its lack of effective oversight of the country’s financial sector.

16 July 2019

Searchlight Capital Partners to take control of Bezeq Israed Telecom

Searchlight Capital Partners will take control of Israel’s largest telecoms group Bezeq Israel Telecom

15 July 2019

Uber adopts diversity targets as performance metric for senior executive bonuses

The newly publicly listed company is seeking to increase diversity in top roles.

15 July 2019

Investors protest against new pension arrangements for Standard Chartered CEO

Almost 40% of shareholders did not support new remuneration policy at the last AGM.

11 July 2019

Deutsche Bank under investigation for work with Malaysian Fund

DoJ is investigating a potential violation of foreign corruption and anti-money-laundering laws.

11 July 2019

Former Barclays legal expert to join Deutsche Bank Board

Valcárcel will replace Stefan Simon, who joins the company’s management as head of regulatory and legal affairs.

11 July 2019

UK Companies accused of box ticking over female appointments

Women being promoted to senior executive positions for symbolic purposes, says report

11 July 2019

China's Anbang gets rebrand after government takeover

The Chinese government has announced the acquisition of Anbang Insurance – now known as Dajia Insurance

11 July 2019

Reckitt Benckiser to pay record $1.4bn in US penalty settlement

Reckit Benckiser allegedly made unsubstantiated claims about its anti-addiction drug Suboxone.

11 July 2019

Lloyds Bank swipes Callsign deal to bolster cyber security

Start-up's software learns how customers use phone to flag suspect behaviour.

10 July 2019

A.P Moller-Maersk to acquire Danish wind turbine supplier KK Group

A.P. Moller-Maersk has announced that it will acquire Danish wind turbin supplier KK Group as the first step into the renewable energy industry.

8 July 2019

British Airways to be fined with biggest ever penalty for data breach

British Airways is facing a record fine for breaching European data privacy laws.

7 July 2019

Ex Goldman Sachs executive to join fintech Revolut

Start-up has appointed string of City grandees as it seeks to boost governance credentials.

7 July 2019

18,000 jobs lost due to radical banking at Deutsche Bank

Deutsche Bank has announced that it will close down its equities trading business and establish a bad bank comprising €74bn of risk-weighted asssets.

3 July 2019

Former UBS Investment Bank Chief, to launch lawsuit against Barco Santander

In January Santander withdrew its offer to hire Orcel as its group CEO.

27 June 2019

Jony Ive set to leave Apple to form new venture

Ive first joined Apple in 1992.

27 June 2019

Amos Genish departs Telecom Italia Board six months after being ousted as CEO

Genish is replaced by Vivendi’s executive Frank Cadoret.

26 June 2019

Activist investor Carl Icahn aims board overhaul at Occidental Petroleum

Activist investor argues that board mismanaged acquisition of Anadarko.

24 June 2019

Walmart agrees to $282 million settlement to close corruption allegations

SEC found that retailer favoured growth over compliance in its operations in Brazil, China, India, and Mexico.

20 June 2019

Deutsche Bank faces US money laundering probe

German lender alleged to have ignored concerns raised by a whistle blower.

19 June 2019

Nissan offers Renault Chief Executive seats on board committees

Governance agreement seen as crucial for the alliance.

19 June 2019

Feipel names chair of Lux Directors Institute

Attorney Carine Feipel elected chair of the Luxembourg director’s institute (Institut luxembourgeois des administrateurs).

18 June 2019

Old Mutual fires CEO Peter Moyo

Peter Moyo fired over dividend payments from NMT, a company he co-founded, in which Old Mutual owns a stake.

17 June 2019

Senior executives of Estonian Swedbank replaced following money laundering investigation

Swedbank has dismissed two senior executives of its Estonian branch as internal investigation on money laundering allegations continues.

17 June 2019

ANZ Bank Executive resigns after inquiry into expenses

David Hisco failed to correctly characterise expenses but will not be required to repay the bank.

16 June 2019

Raiffeisen Bank announce CHF 1million executive pay cap

Switzerland’s third largest bank will limit the annual remuneration of top management to CHF1 million (around $1million) from July 1.

11 June 2019

Independent directors to take corporate literacy exams following scandals in India

Narendra Modi, India’s prime minister, endeavours to reform the country's corporate governance system to address the loopholes which allowed series of scandals during his first term in office.

11 June 2019

OECD Corporate Governance Factbook 2019

The Factbook provides information of a countries’ institutional, legal and regulatory frameworks.

11 June 2019

Wells Fargo struggles to attract interest from top candidates for CEO role

PNC CEO William Demchak and former US Bancorp CEO Richard Davis both declined interest in the job.

9 June 2019

Renault to block governance changes at Nissan

French automaker to abstain in vote for governance overhaul at Nissan.

6 June 2019

Four top EU/GSIB banks fined for manipulating foreign exchange market

Banks to pay over $90 million in penalties to Swiss regulator following €1 billion fine from the EU.

5 June 2019

Investors revolt against executive pay at GVC Holdings

40% of GVC Holdings investors revolt over pay package granted to the CEO.

5 June 2019

Aviva Finance Chief to step down

The CFO of Aviva top step down following "a host of Management changes" by the new CEO, who was appointed in March

3 June 2019

Head of Glencore's oil operations set to retire

New departure in executive team comes as company faces corruption probe.

1 June 2019

Governance in Chinese companies raise concerns for investors

The lack of an investor stewardship code in China may be one of the reasons behind lack of progress in corporate governance

31 May 2019

£1.89m fine in relation to outsourcing failings and Raphaels Bank

Raphaels Bank has previously received another fine in 2015 for improper outsourcing controls

30 May 2019

Proposed FCA - Renault merger could result in governance dispute for Board representation

The French government and Nissan are expected to demand representation on the board of the combined company.

29 May 2019

Climate-related proposals at ExxonMobil AGM fall short of being adopted despite support from smaller shareholders

Shareholder proposals on climate risks fail to receive the support of US institutional investors.

23 May 2019

Lloyd's CEO Antonio Horta-Osorio to appear before parliament

Lloyds CEO will appear before members of the work and pensions committee together with Stuart Sinclair, chair of the bank’s remuneration committee.

22 May 2019

Government Commission adopts new version of German CG Code

New version of the German Corporate Governance code been published.

22 May 2019

New Belgium remuneration provisions in 2020 Corporate Governance Code

New provisions on directors' and executives' remuneration for listed Belgian companies

21 May 2019

JP Morgan executive pay policies receive support from 72% of shareholders

Fewer shareholders voted in favour of the bank’s pay policies, following questions on how bonuses are determined.

21 May 2019

Stephen Clarke to step down as WH Smith CEO

WH Smith CEO will resign in October after being with the company for 15 years.

20 May 2019

Goldman Sachs picks Mazars to audit its European operations

New EU rules on audit force Goldman Sachs to look beyond big four for its new European auditor.

17 May 2019

Nissan to overhaul board

Nissan's new board will comprise 11 members, 7 of which are external directors.

16 May 2019

Further investigations into Samsung executives misconduct

Executives at Samsung ordered staff to destroy evidence related to the 2015 accounting fraud.

16 May 2019

KPMG UK to form a new Audit Executive Committee

Changes fall short of operational split recommended by watchdog.

16 May 2019

Five banks to pay €1.1 billion in fines for manipulating the foreign exchange market

Barclays, Citigroup, JP Morgan, MUFG, and RBS have been charged by the European Union for their role in manipulating the FX market.

13 May 2019

Luxottica founder agrees to end governance dispute at EssilorLuxottica

Luxottica’s Leonardo Del Vecchio and Essilor’s Hubert Sagnières have reached an agreement to grant more power to their lieutenants and end a governance dispute over the appointment of a new group CEO.

13 May 2019

LAPFF publishes “Employees on Board” a survey of FTSE All-Share companies

The Forum undertook a survey earlier this year to get a sense of how companies are responding to the revised UK Corporate Governance Code, with its new emphasis on workforce engagement.

10 May 2019

Danske Bank appointed a former executive of ABN Amro as its new chief executive

Chris Vogelzang will take on a challening role as the new chief executive of Danske Bank, which is under criminal investigation over money laundering

9 May 2019

Gucci parent company to pay €1.25 billion to settle Italy tax dispute

Kering’s Swiss-based subsidiary has allegedly avoided to pay tax on Gucci’s earnings in Italy between 2011 and 2017

8 May 2019

Proxy advisers to urge Deutsche’s investors to vote against its board

Deutsche Bank's shareholders are urged to back a motion of no confidence against Chairman Paul Achleitner

7 May 2019

The Big Four accountancy firms lack diversity

The Big Four accountancy firms (KPMG, EY, PWC and Deloitte) have been scrutinised for their lack of diversity.

6 May 2019

Kraft Heinz will restate its financial results for the past three years

Kraft Heinz has received a second subpoena from the SEC after writing down the goodwill for some its brands.

5 May 2019

Boeing's board of directors comes under scrutiny as company faces 737 Max crisis

Boeing's board failed to answer safety questions in effort to get the new 737 Max to market quickly and at low cost.

2 May 2019

UBS Shareholders revolt over record $5B tax evasion penalty

UBS shareholders refuse to back management from their liability to pay $5 billion penalty for helping French clients evade taxes.

2 May 2019

Bramson suffers heavy defeat in Barclays board bid

Edward Bramson, activist investor has failed to secure a board seat at Barclays plc after 87.21% of shareholders voted against the resolution.

30 April 2019

Eric Schmidt to step down from Alphabet Board

Alphabet announced that Eric Schmidt will not seek re-election at the company's 2019 annual general meeting in June.

30 April 2019

Trump to sue Deutsche Bank and Capital One

In a bid to stop the banks handing over information regarding his financial dealing, Trump has sued Deutsche Bank and Capital One.

30 April 2019

Federal Judge approves agreement which limits use of Twitter by Tesla CEO, Elon Musk

A federal judge has approved the agreement reached by Elon Musk with the SEC to expand the list of topics which cannot be commented upon by the Tesla CEO without obtaining prior approval from the company’s lawyers.

29 April 2019

Shareholder adviser attacks Metro bank over pay and governance

Shareholder adviser attacks Metro Bank over pay and governance

29 April 2019

Illiad chair faces €600 fine

Iliad chair faces a €600,000 fine for inside dealing related to to Iliad's takeover bid for T-Mobile US in 2014.

25 April 2019

Investors place pressure on Domino’s CEO to step down

Following a dispute between management and Domino’s Pizza franchisees over profits, investors have urged the CEO, David Wild, to step down from the business.

24 April 2019

Norway's wealth fund calls for annual elections to Kellogg's board

Norway's wealth fund calls for annual elections to Kellogg's board

16 April 2019

Legal & General toughens stance on “overboarding”

UK’s biggest fund manager joins BlackRock and Vanguard in cracking down on directors who hold too many directorships.

16 April 2019

Share buyback program authorised at media giant Vivendi’s AGM

Shareholders have authorised a share buyback resolution that allows a reduction of up to 25% reduction in the share capital.

15 April 2019

UniCredit has settled to pay $1.3 billion to US authorities following allegations that it violated US sanctions

UniCredit will pay $1.3 billion in criminal and regulatory penalties for allegedly violating US sanctions against various countries, including Iran and Cuba.

12 April 2019

Netflix CEO Reed Hastings will not stand for re-election to Facebook’s board as company reorganises board

Facebook has announced that two of its longest-serving directors, Reed Hastings and Erskine Bowles, will not stand for re-election at the company’s AGM.

12 April 2019

Standard Chartered hopes of quelling unrest over chief’s pension takes a hit

Glass Lewis is recommending that investors vote against the company’s pay policy.

11 April 2019

Former Nissan boss Carlos Ghosn was rearrested in Japan

After being released on bail just a month ago, Ghosn was rearrested on new charges. He allegedly took for his personal use $5 million of the $15 million paid by Nissan to its Omani distributor.

11 April 2019

Walt Disney CEO Bob Iger announces he will retire from the company in 2021

Disney CEO Bob Iger has announced that he will step down once his contract expires at the end of 2021.

9 April 2019

UBS shareholders told to vote against pay policy due to high payouts

UBS Shareholders have been advised to vote against pay policy due to a number of executives receiving high payouts.

8 April 2019

Korean Air Chairman Cho Yang-ho dies at age 70

Chairman of Korean Air, Cho Yang-ho, died at 70 years of age from a lung-related illness.

7 April 2019

Warren Buffett calls on Wells Fargo not to hire a Wall Street insider as its new CEO

Warren Buffett, Wells Fargo’s largest shareholder, has called on the bank to hire someone from outside Wall Street as its new CEO.

2 April 2019

Future of audit & call for views

The BEIS Committee has published the findings and recommendations of its inquiry into the future of audits.

28 March 2019

Swedbank CEO dismissed by the board after money laundering allegations

CEO of Swedbank, Birgitte Bonnessen was fired Thursday 28 March amid allegations that the bank has been involved in laundering money from the Baltic Countries between 2010-2016

25 March 2019

Standard Chartered challenged by investors over chief executive’s pay

Standard Chartered faces much scrutiny from investors over its chief executive pay, following the changes made to its pension in a way that does not adhere to UK corporate governance standards.

24 March 2019

RBS under pressure from small investors over governance

RBS is under pressure from investors to form a committee of shareholder representatives that would meet regularly with the board and executives.

22 March 2019

The Institute of Directors raises alarms over the Audit, Reporting and Governance Authority remit

The Institute of Directors (IOD) has written a letter to the Audit, Reporting and Governance Authority (ARGA) requesting a halt to proposals which would include oversight of corporate governance to ARGA’s remit.

22 March 2019

A power struggle unfolds at newly formed eyewear company Essilor Luxottica

Luxottica’s Leonardo Del Vecchio, who is the new company’s largest shareholder, has accused Essilor executives of violating the agreement that made the merger possible.

20 March 2019

Hot-button topics this AGM season: pay diversity and the climate

The FT reports that while executive pay is likely to grab headlines, climate-related voting and a greater push for board diversity will be important to investors in 2019.

20 March 2019

Metro Bank has work to do to improve governance

Investors have called on the bank to improve its governance following accounting errors that hurt its capital position in January.

19 March 2019

Governance row at Nissan over plans to appoint a new Chair

Nissan is allegedly considering Sadayuki Sakakibara to replace Carlos Ghosn as Chairman of the board.

19 March 2019

Swiss asset manager GAM lays off whistle-blower

Whistle-blower has been made redundant. Mr Sheard raised concerns about one of GAM’s top fund managers to the UK Financial Conduct Authority last year. The lay-off is part of a firm wide restructuring programme that started after GAM’s shares lost three-quarters of their value in the last 12 months.

19 March 2019

Deutsche Bank and Commerzbank merger talks officially confirmed

Deutsche Bank and Commerzbank have confirmed that they are in talks about a potential merger.

15 March 2019

HSBC bows to investor pressure and cuts executives’ pay

HSBC (UK branch) has limited the amount of money their executives are entitled to in lieu of pension contributions to 10% of base salary, down from 30%.

13 March 2019

Money laundering has to be tackled across borders- a transnational body is needed

Money laundering is an issue across boarders which national authorities are trying to tackle.

12 March 2019

The Federal Reserve ban Tim Leissner and Ng Chong Hwa from the banking industry

The two former Goldman Sachs bankers have been banned from the banking industry for their involvement in scheme to illegally divert and misappropriate billions of dollars from a Malaysian sovereign wealth fund.

12 March 2019

Wells Fargo’s corporate governance is again under scrutiny

The Office of the Comptroller of the Currency (OCC) expressed disappointment with Wells Fargo’s “inability to execute effective corporate governance and a successful risk management program”.

11 March 2019

UBS cuts bonuses of female bankers after maternity leave

The Swiss bank has been criticised for using maternity leave as a reason to cut bonuses.

11 March 2019

Independent Review of the Financial Reporting Council

Consultation launched to seek views on the recommendations made by the independent review of the FRC.

7 March 2019

Swedbank accused of handling $176m connected to alleged Russian fraud

Swedbank accused of handling $176m connected to alleged Russian fraud

6 March 2019

Philip Chronican will replace Ken Henry as Chair of National Australia Bank

Philip Chronican will replace Ken Henry as Chair of the board of National Australia Bank (NAB) later this year.

4 March 2019

Disclosures made following a shareholder lawsuit show two Google executives accused of sexual assault received $135 million in exit packages

Following a shareholder lawsuit, Google has made available documents related to the exit of two former executives, Andy Rubin and Amit Singhal, accused of sexual assault.

4 March 2019

Cybersecurity bill that would require companies to disclose whether the board includes a cybersecurity expert has been reintroduced

A group of Democratic and Republican senators have introduced the Cybersecurity Disclosure Act of 2019, which would require companies to disclose whether any of their directors are cybersecurity experts.

4 March 2019

Nordea money laundering scandal gets bigger

Nordea has been linked to suspicious money flows from the Baltics with a worth of around €700m

1 March 2019

PRA publishes “Transitioning to post-exit rules and standards”

These are being made to ensure an operable legal framework after the UK leaves the EU, and to reflect onshoring changes made by HM Treasury in the relevant Statutory Instruments (SIs).

28 February 2019

FCA confirms proposals in the event of a no-deal Brexit

The Financial Conduct Authority (FCA) has published near-final rules and guidance that will apply in the event the UK leaves the EU without an implementation period.

25 February 2019

Karren Brady quits Philip Green's empire amid controversy

Baroness Karren Brady has resigned her job as non-executive Chairman of Taveta, the holding company of Sir Philip Green's retail empire.

24 February 2019

The Reserve Bank of India to remove Corporation bank and Allahabad bank out of the Prompt Corrective Action (PCA) supervision

The move out of the PCA framework is as a result of the recent capital infusion of Rs 48 239 crore in 12 public sector banks.

22 February 2019

Kraft Heinz reveals SEC investigation for improper accounting policies in its procurement department

Kraft Heinz has disclosed to have received a subpoena from the SEC in October 2018 as a result of its accounting policies in procurement. The company stated that it is investigating the matter and that it is planning to implement changes to its internal controls system.

21 February 2019

The SEC has launched an investigation into Danske Bank’s alleged money laundering in its Estonian branch

The US Securities and Exchange Commission has opened an investigation into the alleged money laundering which occurred at Danske Bank’s Estonian branch.

20 February 2019

National Australia Bank’s Chairman and CEO have resigned following the Banking Royal Commission’s report on misconduct in the financial industry

Ken Henry and Andrew Thorburn, Chairman and CEO of National Australia Bank (NAB), have resigned following the criticism received in the final report of the Banking Royal Commission.

20 February 2019

UBS fined €4.5bn for tax evasion in France

In the historic case, the French court has found UBS guilty of helping wealthy clients avoid tax.

18 February 2019

Norwegian Air shuttle leaders agree to sell some of their subscription rights to raise emergency funds

The chief executive and board Chair of the company has agreed to sell some of their subscription rights to raise capital.

18 February 2019

Handelsbanken have appointed a new female CEO

One of Sweden’s biggest bank have appointed Carina Akerstrom as CEO.

15 February 2019

Pay of Bank of America’s CEO Brian Moynihan increased 15% in 2018

Brian Moynihan, CEO of Bank of America, received a remuneration of $26.5 million in 2018, 15% more than what he received in 2017.

14 February 2019

‘We need to rethink conventional wisdom about pay’

The FT reports on having worker representation on the board of UK companies.

14 February 2019

Vivendi’s largest shareholder to leave the board

Vincent Bolloré, Vivendi's largest shareholder, will give his seat on the supervisory board to his son Cyrille Bolloré at the next annual general meeting of the media and entertainment group.

13 February 2019

ABN Amro profits decrease due to cost of anti-money laundering safeguards

Recent scandals at Danske Bank, ING and Rabobank as well as increasing regulatory requirements have motivated ABN Amro to improve their anti-money laundering safeguards.

13 February 2019

Carlos Ghosn has been denied €30m severance compensation

Renault has cancelled €30m pay to Carlos Ghosn.

12 February 2019

Africa’s biggest asset manager faces a governance scandal

The leadership of Public Investment Corporation, which manages mainly the government employee pension fund, has been accused of wrongdoing and political interference by whistle-blowers.

5 February 2019

Amazon diversify their Board by appointing Rosalind Brewer

Rosalind Brewer is currently the COO of Starbucks. She is the second black woman to ever serve on the Amazon board.

5 February 2019

Apple announces that its head of retail operations, Angela Ahrendts, will be leaving in April, five years after joining the company

Apple announced that its head of retail Angela Ahrendts, will be leaving the company in April “for new personal and professional pursuits.” She will be succeeded by Deirdre O’Brien, Apple’s head of human resources, who first joined the company in 1988.

5 February 2019

Investor Edward Bramson seeks to muscle way on to Barclays board

Sherborne Investors submit resolution to elect Edward Bramson to the board of directors.

4 February 2019

Executives at Australian banks face potential criminal charges following the release of the Banking Royal Commission’s final report

The Australian Banking Royal Commission released its final report into misconduct in the financial services industry. The report blames both greed and a lack of regulation as the causes of the misconduct; 24 financial institutions and individuals were referred to regulators for further potential action.

1 January 2019

ASIC published an overview of the 2018 AGM season for S&P/ASX 200 listed entities

Report finds that executive remuneration was a hot topic with 12 remuneration report “strikes”