UK - Corporate governance is no longer an optional extra for pension funds, proxy voting agency Manifest says.
The agency’s consultant Richard Northedge said shareholder activism can no longer be treated as merely commercial etiquette.
He added that companies must prove they are doing more than “ticking boxes to prove compliance”.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.