Primary Market Bulletin No. 39 announces the removal of temporary measures, introduced during the Covid-19 pandemic, relating to the timing for publishing annual financial reports/interim results as well as rescinding the...more
The current flexibilities offered in the Corporate Governance and Insolvency Act 2020 for holding general meetings are due to expire on 30 March 2021 and although the Government continues to pursue the opportunity to...more
Executive pay has been a hot topic for a number of years but the uncertainty created by the pandemic has resulted in an increased level of scrutiny of public company pay decisions and revised related proxy voting...more
1/27/2021
/ AIM ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Disclosure Requirements ,
Executive Compensation ,
Financial Conduct Authority (FCA) ,
Glass Lewis ,
Ireland ,
Proxy Statements ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Remuneration ,
Time Extensions ,
UK
The Investment Association (IA) has published (i) additional guidance on shareholder expectations for executive remuneration in light of COVID; (ii) its 2021 Principles of Remuneration; and (iii) its statement on executive...more
This edition of the Primary Market Bulletin includes an update on the implementation of the European Single Electronic Format, COVID temporary policy measures on corporate reporting and a reminder for issuers and their...more
11/12/2020
/ Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Issuers ,
Disclosure Requirements ,
Electronic Filing ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Reporting ,
Insider Information ,
Relief Measures ,
UK
The UK Government has announced that it is extending, until 30 December 2020, the provisions which allow companies to hold AGMs and other general meetings safely.
The Corporate Insolvency and Governance Act 2020 (the...more
To coincide with the FCA’s recent statement on temporary relief for listed companies on publishing half-yearly financial reports, the London Stock Exchange has published similar measures for AIM companies.
Temporary relief...more
The FCA have published temporary measures on the publication of half-yearly financial reports along with commentary on (i) addressing coronavirus-related uncertainties in the ‘going concern’ assessment and (ii) their...more
The government has published the Corporate Insolvency and Governance Bill (the ‘Bill’) which contains draft legislation on how companies can hold their 2020 AGM in light of the pandemic. Once implemented, these measures will...more
As the AGM season is upon us, many companies have already made the decision to withdraw the proposal to pay a final dividend in order to preserve cash and provide financial flexibility for the future. Other companies are...more
On 28 March the UK Government announced that it will introduce legislation to ensure that companies can hold Annual General Meetings (AGMs) safely. Legislation is currently being drafted but in the interim, the FRC and BEIS...more
Further relaxations for raising capital -
As we discussed in our previous article on cash box placings, whilst the market is now looking to employ this structure where necessary, the Pre-emption Group has historically not...more
In these unprecedented and challenging times, financial services regulators across the globe have been trying to preserve market integrity, while also acknowledging that the COVID-19 / Coronavirus pandemic has made it...more
Temporary measures have been published to the publication of annual accounts for Main Market and AIM companies and the dividend procedure timetable. In addition, the FRC has published guidance to assist companies in preparing...more
The London Stock Exchange has published Inside AIM on temporary measures to support AIM companies and nominated advisers (nomads) through the current challenges. It has also written to nomads on the publication of prelims,...more