15 March 2010
15 March 2010
The following topics are covered in this issue. Click on the links in the right hand column to read the individual articles or download the entire issue as a PDF.
Businesses to prepare for carbon reduction commitment scheme
An Order to implement the Carbon Reduction Commitment Energy Efficiency Scheme into UK law is expected to come into force on 1 April 2010.
Significant fines recommended for corporate manslaughter
Sentencing guidelines which recommend significant fines and publicity orders in corporate manslaughter cases have come into effect.
Study highlights areas for audit committees to consider
A study commissioned by Ernst & Young considers how audit committee agendas are likely to change over the coming year.
ICSA publishes proposals on board effectiveness
The Institute of Chartered Secretaries and Administrators is consulting on an update to the good practice suggestions from the Higgs Report.
International corporate governance publications
Various reports have been published by international corporate governance organisations.
Relaxation of stakebuilding rule in Takeover Code
Rule 5.2(c)(iii) of the Takeover Code has been amended with effect from 8 March 2010.
Takeover Code: proposed changes to profit forecasts, asset valuations and merger benefit statements
The Takeover Panel is consulting on making amendments impacting on reporting on profit forecasts, asset valuations and merger benefit statements.
Takeover Code: curtailing the "bear hug" bid?
The Takeover Panel will be consulting on whether there is a need to improve the Takeover Code and the existing Code timetable for offers.
FSA finalises new listing regime
The new premium and standard segments of the UK listing regime take effect on 6 April 2010 and the FSA has now published the final rule amendments.
UKLA’s approach to risk factors and working capital
The UK Listing Authority has published a special edition of List! discussing the interaction between working capital statements and risk factors.
FSA confirms policy on enforcement penalties
The FSA has published a policy statement on the determination of financial penalties for breaches of certain legislation.
NYSE reminds foreign companies of their annual obligations and filings
The New York Stock Exchange has issued a letter to the executives of foreign private issuers with an NYSE listing to remind them of the notifications and filings necessary for 2010.
