For many years, since the industrial revolution and the birth of the notion of the firm in the western world, the purpose of the new vehicle was to produce profit for the shareholder/s. Industrial firms are relatively recent in history. They arose only after the beginning of the Industrial Revolution, in the second half of the 18th century in England and, a bit later, in the European Continent and in America.
As per the requirements of the EU Directive 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (4th EU Directive) and article 61A (a) of the Prevention and Suppression of Money Laundering Activities Laws of 2007-2018, each EU member state is required to maintain a central register of beneficial owners of companies and other legal entities. In particular, of each physical person owning or controlling more than 25 % of the entity.
Businesses have ploughed billions of dollars into technology that promises to keep cyber threats at bay. While technology undoubtedly plays a major role in combating digital threats, other areas have been neglected.
The Corporate governance report 2017 provides practical recommendations for boards to consider when working with leadership teams in order to successfully develop a strong corporate culture.
The global proportion of senior business roles held by women has hit a high of 25%. However, this shows that progress remains slow.
How can you bring diversity to leadership in today’s globalised and volatile business environment. Find out here.
In the push to become transparent, businesses are disclosing vast swathes of information about themselves – yet many are becoming more opaque as a result.
History has something important to tell us about the difficulties of steering a business to long-term success – through seismic shifts in technology, consumer demands and product development. With that in mind it’s unsurprising that over half the world’s largest companies in the early 1900s had shut their doors by the late 1990s. Some, however, have endured.
Corporate Governance 2016 - Boards of the future. The best drivers think ahead, anticipating potential hazards coming down the road and reacting accordingly.
Francesca Lagerberg says the global backlash against corporate tax avoidance means companies that trade across borders need to get their tax affairs in order sooner rather than later