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A decade of diversity disclosure in Canada
The Canadian securities regulators have published their tenth and likely final report on the status of women on boards and in executive officer positions in TSX-listed companies.
United Kingdom | Publication | October 2024
In a keynote speech at a recent pensions conference, Emma Reynolds set out two key objectives: to improve the level of pension fund investment in the UK economy and to improve savers’ returns.
Notable points in the speech to the Pensions and Lifetime Savings Association’s annual conference included:
Ms Reynolds is the first joint pensions minister to work across the Treasury and the DWP, and she hopes her dual role will help break down barriers that may have prevented effective reform in the past.
The government’s priority remains to “unlock the true potential of the £2tn pensions industry” by investing in UK productive assets and “homegrown businesses of all sizes”.
However, when asked to confirm whether she could rule out mandatory investment of scheme funds in UK assets she would only say that “all options were being considered”.
Speaking at the Institute of International Finance earlier this month, Bank of England Governor Andrew Bailey has echoed the views of some of the country's largest pension funds by warning the government not to make compulsory an allocation of pension money to UK assets.
The Society of Pension Professionals has published a paper relating to productive finance, entitled Solving the UK investment puzzle, which provides a detailed analysis of the challenges of ensuring that UK pension schemes invest more in their domestic market, and explores a range of options as to how these challenges might best be overcome. The paper acknowledges the need for increased pension scheme investment in productive finance assets, as well as concerns that this could have potentially negative consequences for savers if not carefully implemented.
Publication
The Canadian securities regulators have published their tenth and likely final report on the status of women on boards and in executive officer positions in TSX-listed companies.
Publication
AI-adoption must now be on every board room and executive team’s agenda as an emerging area of risk and regulatory focus.
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A recent Ontario decision reminds us that (1) it is possible to draft an enforceable termination clause, and (2) responding to a wrongful dismissal claim does not have to be a lengthy, costly endeavour – some claims can be resolved quickly using procedural tools.
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