Capital Markets Practice: News Round-Up

    View Authors March 2013

    Welcome to the latest in our series of regular alerts containing a round-up of news from our capital markets practice. Among other things, we bring you news of the latest developments in the field of corporate governance.

    This issue includes:

    • Corporate governance: executive remuneration: NAPF encourages FTSE 350 companies to show restraint in this year’s pay awards
    • Corporate governance: executive remuneration: the Government publishes a list of FAQs on the proposed new regime for quoted companies
    • Corporate governance: shareholders: PIRC publishes a revised edition of its UK Shareholder Voting Guidelines
    • Corporate governance: shareholders: ICSA publishes guidance on enhancing the dialogue between companies and investors
    • Corporate governance: EU initiatives: ESMA reports on the role of the proxy advisory industry
    • Competition Commission: the Commission finds fault with the audit market and proposes remedial actions
    • The FSA has imposed its first fine for breaches of the Listing Rules and Listing Principles relating to compliance with the Model Code in a case which shows the lengths to which companies must now go to ensure compliance, as well as the need for written records to support all dealings