Lithuania: governance code for companies listed on NASDAQ OMX Vilnius added to ECGI directory

The codes and principles directory maintained by the European Corporate Governance Institute was updated yesterday with a copy of the corporate governance code for companies listed on NASDAQ OMX Vilnius: see here.

Albania: Corporate Governance Code for Unlisted Joint-Stock Companies added to ECGI directory

The codes and principles directory maintained by the European Corporate Governance Institute was updated yesterday with a copy of the Corporate Governance Code for Unlisted Joint-Stock Companies in Albania: see here.

UK: Takeover Code amendments published

The Takeover Panel Code Committee has made Instrument 2013/1 which contains, amongst other things, amendments to the Takeover Code to deal with the restructuring of the UK’s financial regulatory framework and the Committee's consultation on PCP 2012/1: see here (pdf). An overview of the amendments, which take effect on 1 April, is available here (pdf).

UK: BIS publishes FAQs for forthcoming remuneration reforms

The Department for Business, Innovation and Skills has published FAQs in respect of the forthcoming changes to the framework governing remuneration disclosure and shareholder voting: see here (pdf).

South Africa: Supreme Court of Appeal considers auditor's liability

The Supreme Court of Appeal gave judgment last week in Cape Empowerment Trust Ltd v Fisher Hoffman Sithole (200/11) [2013] ZASCA 16: see here (pdf). The case concerned a claim against an auditor in respect of negligent misstatement. The Supreme Court held that the auditor's degree of negligence was not relevant when considering whether or not liability should be imposed. A summary of the decision is available here (pdf).