Pakistan: company law reform – publication of Companies Bill 2016 (final draft) and concept paper on several new provisions

The Securities and Exchange Commission of Pakistan (SECP) has published a final draft of the Companies Bill 2016: see here (pdf). The provisions in red are new and remain under review. Further information about these new provisions, which include those relating to the creation of a register of beneficial ownership and a duty on company …

UK: Executive Remuneration Working Group publishes final report and recommendations

The Executive Remuneration Working Group, formed last year by the Investment Association to “bring forward proposals for a radical simplification of executive pay”, published its final report and recommendations today: see here (pdf). Ten recommendations are made – none of which explicitly refers to simplification – under the following headings: increasing flexibility; strengthening remuneration committees and their …

Italy: Governance Committee meets – no update to the Code but areas for investigation identified

A meeting of the Italian Corporate Governance Committee was held earlier this month: see here or here (pdf). The Committee considered the results of the first monitoring exercise of compliance with the Assogestioni Stewardship Code as well as the updated Corporate Governance Code, and decided that the latter did not require updating in 2016/17. Several topics were, …