Ceres offers a set of nine recommendations “to guide companies toward more meaningful and effective investor engagement on ESG issues.” What is the key message?
The proposed rules, which would implement a requirement mandated by the Dodd-Frank Act, would provide greater transparency and allow shareholders to be better informed when they vote to elect directors and in connection with advisory votes on executive compensation
New technologies and innovations in the capital markets will be needed to address this global crisis – but we are not hearing anything on behalf of the world’s largest regulator on this topic. This also includes human capital data disclosure by companies including gender pay and pay ratio data including composition of boards of directors.
The rules will be based on a “comply-or-explain” approach — if an investor does not comply with the rules they need to provide an explanation as to why
Yesterday at a summit of central bank governors in Amsterdam -- the governor of the Bank of England warned that climate change could have a "catastrophic impact" on the global financial system
With the recent news that the European Securities and Markets Authority (ESMA) has published a feedback statement setting out the use of Inline XBRL as the digital format which public companies in the European Union (EU) must use to report their company information to investors worldwide from...
US SEC Chair Jay Clayton Urged US Public Companies to Disclosure Human Capital Data on February 6, 2019 : “Today, human capital and intellectual property often represent an essential resource and driver of performance for many companies
President Trump on January 14, 2019 signed into law the Foundations for Evidence-Based Policymaking (FEBP) Act ( H.R. 4174 , S. 2046 ), which includes the Open, Public, Electronic, and Necessary (OPEN) Government Data Act (Title II). Strategic Finance Magazine published the following article I wrote on this topic in the February 2019 issue . The Commission on Evidence-Based Policymaking issued this report on the benefits of using smart data and technologies like XBRL to enhance government services. Our very own IMA member and former IMA Chair - The Honorable Kim Wallin served on this commission and came up with recommendations for the US Congress in crafting legislation to implement the Evidenced-Based Policy Act
Great article from Dechert LLP law firm about the specifics of the European Financial Transparency Gateway (EFTG): The European Commission, as part of its efforts to create a “Digital Single Market” and further to build more competitive and innovative Capital Market Union, announced its FinTech Action Plan on March 8, 2018.1 The Action Plan sets out 23 steps to accomplish the following main objectives: enabling innovative business models to reach a European scale (based on a consistent licensing regime), supporting innovations and implementation of new technologies in the financial sector, and increasing its integrity and security. Among the initiatives are: A proposal for an EU Regulation on investment-based and lending-based crowdfunding service providers (ECSP) for business. The regulation aims to set an appropriate and proportionate framework enabling crowdfunding platforms to operate cross-border under a comprehensive passporting regime and unified supervision;2 An EU Public Blockchain initiative of the European Commission to develop a comprehensive strategy for implementation of distributed ledger technologies in all sectors of the economy, considering the associated legal implications; A public consultation on further digitalization of regulated information about companies listed on EU regulated markets, considering a possible establishment of a European Financial Transparency Gateway based on distributed ledger technology; and Hosting an EU FinTech Laboratory, which will serve as a platform for neutral exchange among European and national authorities with technology providers.
Third-party providers of ESG ratings and reports on portfolio companies – both public and private – have sprung up to meet growing investor demand for measurement of corporate ESG performance.
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