Governance

Half of FTSE350 firms fail to comply with the UK corporate governance code, but more companies actively seek engagement with investors on governance issues than last year, Grant Thornton says.

The National Association of Pension Funds has launched a policy it says will help funds follow the Stewardship Code.

The Pension Protection Fund has appointed Hermes Equity Ownership Services as its voting and engagement advisor.

The Financial Reporting Council has published its changes to the UK Corporate Governance Code and Stewardship Code in order to increase accountability and engagement.

Institutional investors taking part in a Sodali survey overwhelmingly endorsed the ‘say on pay' system of voting on executive remuneration as Mercer criticised government policy on top pay.

UK pension schemes and asset managers are suing BP in the Texas courts for tens of millions of pounds over alleged fraud and negligence before and after the Deepwater Horizon oil spill.

The Rail, Maritime and Transport union has demanded that the London Transport Pension Fund disinvests in public private partnership investment vehicle Semperian due to the behaviour of one of its subcontractors.

Barclays bank chairman Marcus Agius has confirmed his resignation, admitting the "the buck stops with me" for the firm's interest rate fixing scandal.

The Investment Management Association has warned asset managers' role in engaging with companies is not a cureall.

Labour has proposed further amendments to the Financial Services Bill that would explicitly set out the Financial Conduct Authority's duty to police stewardship in the UK.