EU countries point at lack of centralized supervision over money-laundering crimes.
Google CEO Sundar Pichai will take over as CEO of parent company Alphabet
Former Chairman of Anglo faces charges for misconduct
Danske Bank to make improvements to its IT governance
Money laundering breach of the second-biggest bank in Australia.
KPMG put its property on the market after FRC questioned clients' benefits.
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.
Swedbank is going to face a formal sanction due to weaknesses in its anti-money laundering procedures.
Fraser is a likely candidate to succeed Michael Corbat as CEO.
Appointment comes after the resignation of Grant Thornton in August.
Senior independent director Michael Snyder will take over as interim Chair.
Pigasse is stepping down after 17 years at Lazard to start a new venture.
Del Vecchio has already took 7% stake in the investment bank.
BACB completed purchase of Paytech from Bulgarian Telecommunications Company.
Nissan appointed its head of China operations as new CEO.
Dudley will be replaced by Bernard Looney, current head of the company’s upstream business.
Vice Chair of Standard Life Aberdeen will step down from his role next year
Appointment of former Visa CEO ends the six-month long search.
India cuts its corporate tax to encourage foreign investment, and thereby boost the economy.
Home rentals platform Airbnb becomes the next sharing economy business that intends to go public.
Almost a quarter of independent shareholders voted against Mike Ashley’s re-election at the last AGM.
Man Group appoints as Chairman the former CEO of Deutsche Bank.
BA to face more strikes as further negotiations with the trade union fail to take place
CEO's one-year anniversary internal review has ignited a shake up among the bank's long-time managers
Hiroto Saikawa received a higher payment after a change in the execution date of his stock appreciation rights.
World’s largest healthcare company found responsible for the state’s opioid crisis
Mail.ru strike deal with YouDrive in response to drive app success of Yandex.
The decision of big corporations to ditch the shareholder primacy mantra raises questions about the purpose of businesses
The multi share system and the lack of female representation on the board could affect investors' willingness to buy WeWork shares
CBS and Viacom reunited after 14 years in order to take on competitors.
ING supports clients to achieve their sustainability goals through the introduction of financial securities linked to sustainability.
Tim Howarth is the third senior executive being ousted by KPMG after conduct probe this year.
More than 20 percent of shareholders voted against the reappointment of KPMG as joint auditor of the company’s South African unit.
The new guidance is expected to focus on the application of ERM principles as a protection against cybersecurity threats.
John Flint is resigning from the HSBC’s Chief Executive position after serving for less than 18 months.
Settlement with the FTC also requires the company to set up a board privacy committee comprised of independent non-executive directors.
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.
Searchlight Capital Partners will take control of Israel’s largest telecoms group Bezeq Israel Telecom
The newly publicly listed company is seeking to increase diversity in top roles.
Almost 40% of shareholders did not support new remuneration policy at the last AGM.
DoJ is investigating a potential violation of foreign corruption and anti-money-laundering laws.
Valcárcel will replace Stefan Simon, who joins the company’s management as head of regulatory and legal affairs.
Women being promoted to senior executive positions for symbolic purposes, says report
The Chinese government has announced the acquisition of Anbang Insurance – now known as Dajia Insurance
Reckit Benckiser allegedly made unsubstantiated claims about its anti-addiction drug Suboxone.
Start-up's software learns how customers use phone to flag suspect behaviour.
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.
British Airways is facing a record fine for breaching European data privacy laws.
Start-up has appointed string of City grandees as it seeks to boost governance credentials.
Deutsche Bank has announced that it will close down its equities trading business and establish a bad bank comprising €74bn of risk-weighted asssets.
In January Santander withdrew its offer to hire Orcel as its group CEO.
Ive first joined Apple in 1992.
Genish is replaced by Vivendi’s executive Frank Cadoret.
Activist investor argues that board mismanaged acquisition of Anadarko.
SEC found that retailer favoured growth over compliance in its operations in Brazil, China, India, and Mexico.
German lender alleged to have ignored concerns raised by a whistle blower.
Governance agreement seen as crucial for the alliance.
Attorney Carine Feipel elected chair of the Luxembourg director’s institute (Institut luxembourgeois des administrateurs).
Peter Moyo fired over dividend payments from NMT, a company he co-founded, in which Old Mutual owns a stake.
Swedbank has dismissed two senior executives of its Estonian branch as internal investigation on money laundering allegations continues.
David Hisco failed to correctly characterise expenses but will not be required to repay the bank.
Switzerland’s third largest bank will limit the annual remuneration of top management to CHF1 million (around $1million) from July 1.
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.
The Factbook provides information of a countries’ institutional, legal and regulatory frameworks.
PNC CEO William Demchak and former US Bancorp CEO Richard Davis both declined interest in the job.
French automaker to abstain in vote for governance overhaul at Nissan.
Banks to pay over $90 million in penalties to Swiss regulator following €1 billion fine from the EU.
40% of GVC Holdings investors revolt over pay package granted to the CEO.
The CFO of Aviva top step down following "a host of Management changes" by the new CEO, who was appointed in March
New departure in executive team comes as company faces corruption probe.
The lack of an investor stewardship code in China may be one of the reasons behind lack of progress in corporate governance
Raphaels Bank has previously received another fine in 2015 for improper outsourcing controls
The French government and Nissan are expected to demand representation on the board of the combined company.
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.
Lloyds CEO will appear before members of the work and pensions committee together with Stuart Sinclair, chair of the bank’s remuneration committee.
New version of the German Corporate Governance code been published.
New provisions on directors' and executives' remuneration for listed Belgian companies
Fewer shareholders voted in favour of the bank’s pay policies, following questions on how bonuses are determined.
WH Smith CEO will resign in October after being with the company for 15 years.
New EU rules on audit force Goldman Sachs to look beyond big four for its new European auditor.
Nissan's new board will comprise 11 members, 7 of which are external directors.
Executives at Samsung ordered staff to destroy evidence related to the 2015 accounting fraud.
Changes fall short of operational split recommended by watchdog.
Barclays, Citigroup, JP Morgan, MUFG, and RBS have been charged by the European Union for their role in manipulating the FX market.
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.
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.
Chris Vogelzang will take on a challening role as the new chief executive of Danske Bank, which is under criminal investigation over money laundering
Kering’s Swiss-based subsidiary has allegedly avoided to pay tax on Gucci’s earnings in Italy between 2011 and 2017
Deutsche Bank's shareholders are urged to back a motion of no confidence against Chairman Paul Achleitner
The Big Four accountancy firms (KPMG, EY, PWC and Deloitte) have been scrutinised for their lack of diversity.
Kraft Heinz has received a second subpoena from the SEC after writing down the goodwill for some its brands.
Boeing's board failed to answer safety questions in effort to get the new 737 Max to market quickly and at low cost.
UBS shareholders refuse to back management from their liability to pay $5 billion penalty for helping French clients evade taxes.
Edward Bramson, activist investor has failed to secure a board seat at Barclays plc after 87.21% of shareholders voted against the resolution.
Alphabet announced that Eric Schmidt will not seek re-election at the company's 2019 annual general meeting in June.
In a bid to stop the banks handing over information regarding his financial dealing, Trump has sued Deutsche Bank and Capital One.
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.
Shareholder adviser attacks Metro Bank over pay and governance
Iliad chair faces a €600,000 fine for inside dealing related to to Iliad's takeover bid for T-Mobile US in 2014.
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.
Norway's wealth fund calls for annual elections to Kellogg's board
UK’s biggest fund manager joins BlackRock and Vanguard in cracking down on directors who hold too many directorships.
Shareholders have authorised a share buyback resolution that allows a reduction of up to 25% reduction in the share capital.
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.
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.
Glass Lewis is recommending that investors vote against the company’s pay policy.
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.
Disney CEO Bob Iger has announced that he will step down once his contract expires at the end of 2021.
UBS Shareholders have been advised to vote against pay policy due to a number of executives receiving high payouts.
Chairman of Korean Air, Cho Yang-ho, died at 70 years of age from a lung-related illness.
Warren Buffett, Wells Fargo’s largest shareholder, has called on the bank to hire someone from outside Wall Street as its new CEO.
The BEIS Committee has published the findings and recommendations of its inquiry into the future of audits.
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
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.
RBS is under pressure from investors to form a committee of shareholder representatives that would meet regularly with the board and executives.
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.
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.
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.
Investors have called on the bank to improve its governance following accounting errors that hurt its capital position in January.
Nissan is allegedly considering Sadayuki Sakakibara to replace Carlos Ghosn as Chairman of the board.
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.
Deutsche Bank and Commerzbank have confirmed that they are in talks about a potential merger.
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%.
Money laundering is an issue across boarders which national authorities are trying to tackle.
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.
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”.
The Swiss bank has been criticised for using maternity leave as a reason to cut bonuses.
Consultation launched to seek views on the recommendations made by the independent review of the FRC.
Swedbank accused of handling $176m connected to alleged Russian fraud
Philip Chronican will replace Ken Henry as Chair of the board of National Australia Bank (NAB) later this year.
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.
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.
Nordea has been linked to suspicious money flows from the Baltics with a worth of around €700m
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).
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.
Baroness Karren Brady has resigned her job as non-executive Chairman of Taveta, the holding company of Sir Philip Green's retail empire.
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.
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.
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.
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.
In the historic case, the French court has found UBS guilty of helping wealthy clients avoid tax.
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.
One of Sweden’s biggest bank have appointed Carina Akerstrom as CEO.
Brian Moynihan, CEO of Bank of America, received a remuneration of $26.5 million in 2018, 15% more than what he received in 2017.
The FT reports on having worker representation on the board of UK companies.
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.
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.
Renault has cancelled €30m pay to Carlos Ghosn.
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.
Rosalind Brewer is currently the COO of Starbucks. She is the second black woman to ever serve on the Amazon board.
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.
Sherborne Investors submit resolution to elect Edward Bramson to the board of directors.
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.
Report finds that executive remuneration was a hot topic with 12 remuneration report “strikes”