Reporting Archive

Dec 15, 2020
Expect move toward assurance of ESG disclosures, experts say
As investor demand for ESG information continues to increase, a group of ESG experts believe pressure will build on issuers to seek third-party assurance for ESG disclosures in the near future. Third-party assurance has been a talking point for the last two years at the ESG Integration Forum – US, hosted by IR Magazine and Corporate Secretary. At both forums, audience members have expressed trepidation about seeking third-party assurance, with common conc...
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Dec 15, 2020
What to do if an inaccurate or misleading story is published about your company
Erik Randerson, vice president of investor relations at Revolve, says: I won’t hesitate to request a correction when I see inaccurate information published on my employer. My experience is that outlets truly want to get it right and when presented with the facts will update their articles accordingly. For instance, a recent article on my employer, Revolve, referenced inaccurate metrics. The journalist (who I knew from a prior life) appreciated me...
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Dec 02, 2020
Comment: Take care when considering buybacks
Buybacks have undergone a meteoric rise since the turn of the 21st century, overtaking dividends as the preferred means to return capital to shareholders in many countries. In 2019 alone, firms spent more than $1.2 tn globally on buybacks. Buybacks are controversial, however, with academics, practitioners and politicians all maligning their use. At its most basic level, buying back shares can be a technical capital allocation tool and an attractive alternative to di...
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Nov 25, 2020
SASB and IIRC merger to simplify sustainability disclosure
The Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC) are to merge into one organization by mid-2021, offering investors and companies a comprehensive corporate reporting framework to drive global sustainability performance. The newly formed Value Reporting Foundation, to be headquartered in London and San Francisco, will advance initiatives by ...
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Nov 05, 2020
Aena adopts annual advisory vote on climate plan
Spanish airport operator Aena has adopted what is thought to be the world’s first annual advisory vote on a company’s climate action plan. The move follows intense pressure from The Children’s Investment Fund (TCI), which manages around $30 bn, for Aena to take a leadership role in the fight against global warming.  Under the proposals, passed at last week’s annual meeting, Aena will present its climate action plan for approval at the AGM in 2021 and...
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Oct 12, 2020
How has SRD II changed say on pay in Europe?
The Shareholder Rights Directive II (SRD II) handed European investors greater say over executive compensation. Under the rules, investors have a vote on both the remuneration policy and the remuneration report, which for some European markets represents a wholesale shift in corporate accountability over pay.  Below, Aniel Mahabier, CEO at C...
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