According to a report published today by F&C Asset Management and KPMG, financial services firms need to improve their risk management approach to projects and practices that may associate them with human rights violations.
It says an increasingly governance-conscious investment community should institute formal processes and regulations to help it manage the risks.
Mike Kelly, head of corporate social responsibility at KPMG said: ‘Financial institutions need to understand and manage human rights issues if they are to comply with future legislation, protect shareholder value and maintain competitive advantage.
‘New legislation and regulations – and institutional shareholders linking accountability, good governance, sound ethics and shareholder value – will force financial institutions to act on managing human rights risks.’
Mazars has announced the appointment of Michael Tripp as the new head of financial services
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MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com