Protecting the users of financial services should always be a priority for any government. In order to comply with this obligation, the Mexican state created a government entity to protect the interests of users of financial services, including services rendered and products sold by insurance companies. That entity is the National Commission for the Protection …
Following the withdrawal of the United Kingdom from the European Union, UK authorised insurance intermediaries lost their regulatory permissions under the Insurance Distribution Directive (IDD) to carry on insurance distribution activities in respect of EU/EEA based risks and commitments.
The Indian insurance market is in an exciting phase of development. The market has always been considerably under-insured and this has always made India strategically important for international investors, but three key developments are driving further change. First, regulatory and market developments are facilitating greater M&A activity. Second, the emergence of new distribution channels is …
Companies increasingly face scrutiny of their environmental, social and governance (ESG) activities, including from investors, regulators, prosecutors, consumers, NGOs and other stakeholders. While robust ESG programmes can provide new business opportunities and other competitive advantages for companies, ESG issues also can pose legal and reputational risks, particularly when there is a gap between what companies …
Introduction Corporate governance reforms for Japanese listed companies have been accelerating in recent years. However, a tide of shareholder activism is hitting corporate Japan even harder in the era of the Covid-19 pandemic, demanding more effective governance, sustainable growth, attention to environmental and social issues, as well as decent shareholder returns. The reforms are ongoing …
For several years, employers have been urged to do more to look after the mental health of their workforce. Even before the pandemic, in January 2019, mental health at work was a primary discussion topic at the World Economic Forum Annual Meeting accompanied by huge estimations of the financial impact, globally, in terms of lost …
More than two years have gone by since the world confronted a new reality and a new way of living due to the Covid-19 pandemic. Social distancing policies necessitated adjustments to routines, family and work life, and economic stability as the impossibility of continuing with daily activities as usual came to the fore. All these …
New ESG disclosure and due diligence rules On 1 January 2022, the indirect counterproposal to the so-called Responsible Business Initiative has been introduced in the Swiss Code of Obligations (CO). The new rules in articles 964a ff. CO require that companies of public interest domiciled in Switzerland, such as listed companies and large companies supervised …
There are four key sources of corporate governance law and regulation in the United States: state corporate law (predominantly Delaware, in which over half of all US publicly traded corporations are incorporated); federal securities law, including the US Securities Act of 1933 and the US Securities Exchange Act of 1934, and the regulations of the …
