Financial analysts of USA’s
CFA Institute Centre for
Financial Market Integrity, is calling on the
Securities and Exchange Commission (SEC) to tighten
executive-pay reporting requirements in 10 areas.
In its initial studies of the compensation disclosure rules implemented by
the SEC last year, the CFA Institute’s Centre for Financial Market Integrity was
one of many parties dissatisfied with the new rules and after analysing how
companies applied the new rules during the year, it has called for SEC action.
In a letter to John White, director of the SEC’s division of corporation
finance, the association of more than 92,500 financial analysts and other
professionals made 10 recommendations, saying they were ‘highly disappointed in
the inconsistent and overly complex implementation of the rules exhibited by
The CFA unit said companies were using ‘endless and complex legal
boiler-plate’ and avoiding full disclosure ‘by inappropriate claims that
compensation metrics are proprietary’.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.