Corporate Governance News

Nov. 26 -- Simon Hayes, head of financial services at Odgers Berndtson, talks with Bloomberg's Rishaad Salamat about changes to U.K. bank bonus rules and corporate governance proposed by David Walker in a government-commissioned report.

British banks should be forced to disclose the number of employees who earn more than 1 million pounds a year, a government-commissioned review of corporate governance in banks said Thursday.

New laws created in the wake of Sir David Walker's report will compel banks to say how many of their staff earn more than A 1m Thursday, 26 November 2009 Banks will be forced to reveal how many of their employees earn more than A 1m a year under new laws expected to show that hundreds, perhaps thousands, of City bankers are made millionaires each ...

For the first time, the Securities and Exchange Commission has distributed more than $2 billion in a single calendar year to injured investors as a result of SEC enforcement actions and proceedings.

During a House Oversight Committee hearing in October, a rare bipartisan consensus appeared to be building around a strategy to rein in executive compensation.

I meant to get to this yesterday, but travel plans got in the way: Those regular Sarbox bashers forget that it is all about keeping management honest when it comes to accounting.

Editor's Note: In its 10-part series highlighting governmental rules and regulations associated with the management and storage of electronic communications, TMCnet recently published a story about the Federal Rules of Civil Procedure , a law that shifts the rules of discovery in legal proceeding to focus on procedures that will streamline evidence ...

"In the next century, a company will stand or fall on its values," Robert Hass, CEO of Levi Strauss was quoted to have said.

RTE is amongst the companies recognised for excellence in financial reporting at this year's Published Accounts Awards.

David Wilson, chief executive of the Institute of Chartered Secretaries and Administrators , talks to ePolitix.com at the ICSA Hermes Transparency in Governance awards.

From the marbled corridors of Congress to the tony salons of Georgetown, liberal lawmakers are abuzz with ideas on how to rein in U.S. corporations.

This is not a surprise considering the continued decline of Rhapsody music service in the face of lots of new competition and the general malaise in the digital music market: MTV and RealNetworks are talking about restructuring their Rhapsody America music JV, according to an SEC filing just filed by RNWK.

What is the Sarbanes-Oxley Act? The Sarbanes-Oxley Act is known as the Corporate and Auditing Accountability and Responsibility Act and the Public Company Accounting Reform and Investor Protection Act in the House of Representatives and the Senate, respectively.

A CORPORATE Governance Council, comprising members from the private and public sectors, will be set up to promote a high standard of corporate governance in companies listed in Singapore so as to maintain and enhance investors' confidence.

The new RailAmerica Vice President & Corporate Controller will be responsible for leading the Company's accounting, financial reporting and controls processes .

The Securities and Exchange Commission has six "significant deficiencies" that prevented it from having effective internal controls over its financial reporting as of Sept.

Federal officials are stepping up their use of "clawbacks" to recover executive pay for company performances that proved illusory, filing their second case in four months against a company CEO who was not accused of individual misconduct.

But some accounting experts despair over a resulting lack of checks on management's assessment of internal controls of financial reporting.

If there was one federal agency you'd expect to get its financial statements right, it's the Securities and Exchange Commission .

The death of Sergei Magnitsky, a 37-year old father of two, is set to reignite concerns about investing and doing business in Russia.