India ranked least business-friendly of the Brics nations
MSN News, 8 August
A World Bank report has given India the lowest ranking among Brics countries for ease of doing business. South Africa came in first place, followed by China, Russia and then Brazil.
Canada bank regulator issues draft governance guidelines
The Wall Street Journal, 7 August
Canada’s top financial industry regulator plans to plug corporate governance holes at federally regulated financial institutions by issuing new guidelines this year – the first such overhaul in almost a decade. The draft revisions have been released for public comment.
Kuwait acts to strengthen banking and corporate governance framework
Global Arab Network, 31 July
Corporate governance rules announced in June by the Central Bank of Kuwait have been designed to strengthen the banking sector and address issues that have been attributed to a weak corporate governance framework.
Internal auditors intimidated, ordered to hide corruption at councils
Business Report, 29 July
Internal auditors scrutinising municipal books in South Africa have been intimidated and, in some cases, instructed to sweep corruption under the carpet, according to Dr Claudelle von Eck, chief executive of IIA South Africa.
Singapore firms to improve disclosure practices, transparency
Bikya Masr, 24 July
Disclosure practices by Singapore businesses have improved over the past four years, according to recently published research. Their mean score on the governance and transparency index has increased by more than ten per cent since 2011.