There is a troubling trend for large companies to equate risk appetite with tax avoidance. Just ask Google, as the company is in talks to correct taxation of its Italian business.
Neil Hodge
Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal issues for a wide range of publications in the United Kingdom and United States.
Control Risks compliance survey
Companies are reluctant to invest in compliance and may be at risk of underestimating their exposure to tough laws that hold them to account for their operations and their supply chains, according to a new report.
Ireland’s boardroom hopping a conflict of interest
A recent survey from Ireland’s Institute of Directors highlights some key aspects of board of directors’ behaviour, including jumping from board to board, often a conflict of interest.
France adopts multinational duty of care law
France has adopted a multinational law that aims to hold companies accountable for rooting out any unacceptable or criminal activity within their supply chains.
The Financial Reporting Council makes its case for broader powers
An influential committee of Members of Parliament has recommended a wide-ranging series of changes aimed at boosting the powers of the U.K.’s corporate governance regulator.
CMA launches first advertising campaign to curb cartels
The Competition and Markets Authority is putting out a £100,000 (U.S.$124,822) bounty for those who blow the whistle on cartel activity, but not everyone wants to pay for disclosure.
European Union updates AML rules
The European Union is proposing some updates to anti-money laundering rules in an attempt to streamline coordination among member states in fighting terrorism financing and money laundering.
Bank of England deputy governor resigns over conflicts of interest
Charlotte Hogg had all of two weeks to enjoy her new position as deputy governor at the BoE before she had to resign for failing to disclose that her brother also worked there.
Cheques and balances
Sir Philip Green made a deal to pay two-thirds of his former company’s pension deficit last month to keep his reputation intact. But there’s not a lot to be thankful for.
Reporting on climate risks on the bottom line
The Financial Stability Board is pressuring companies to disclose in some way what their potential risk business impact from climate change risk might be, as this has become a growing concern for investors.
