Governance

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.

More than one in five small trust-based defined benefit schemes do not hold annual board meetings, according to research from The Pensions Regulator.

Insurance firm Aviva has suffered an embarassing blow after more than half its shareholders voted against its proposals on executive pay at its annual general meeting today.

Barclays has bowed to pressure from shareholders before its annual general meeting by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.