On the Forbes.com website, Ioannis Ioannou, Associate Professor of Strategy and Entrepreneurship at London Business School, delivered a thoughtful and balanced assessment of the current state of ESG. Here are some extracts: ESG may have become popular, but popularity is not the same as conviction. Some firms adopted the language because it was fashionable, because…

Should Data Appear on Corporate Balance Sheets? asked the title of a recent Fortune article. It’s written by Shivaram Rajgopal. Here are some extracts: We have known for quite a while now that corporate data can be very valuable. One of the big barriers to mass corporate adoption of AI is the absence of scrubbed…

SEC Commissioner Mark T. Uyeda recently delivered some remarks at the 53rd Annual Securities Regulation Institute: He noted: The Commission is considering how it can further enhance America’s capital markets—both qualitatively and quantitively. We cannot take for granted that our capital markets will remain the most attractive, the deepest, and the most liquid in the…

As part of its activities, the European Securities and Markets Authority (ESMA) organizes a forum of enforcers from 38 different European jurisdictions, all of whom carry out monitoring and review programs similar to those carried out here by the Canadian Securities Administrators. ESMA a while ago published some extracts from its confidential database of enforcement…

The upcoming IFRS 18 requires an entity to classify income and expenses included in the statement of profit or loss in one of five categories: operating, investing, financing, income taxes and discontinued operations. The income taxes category includes tax expense or tax income that is included in the statement of profit or loss applying IAS…

The New York Times recently reported that “that the S.E.C. had eased up on more than 60 percent of the crypto cases that were ongoing when Mr. Trump returned to the White House, moving to pause litigation, lessen penalties or outright dismiss the cases.” It found: “The S.E.C., the top federal regulator that polices wrongdoing…

The UK’s Financial Reporting Council recently issued its thematic review of IFRS Share-based Payment. The report was based on a “desktop review of 20 listed companies with significant share-based payment expenses (covering) annual reports and accounts with year-ends falling between September 2024 and February 2025 (and) companies from a variety of sectors and of various…

The International Organization of Securities Commissions (IOSCO) recently issued a Statement on the Importance of High-Quality Valuation Information in Financial Reporting. The document “emphasizes the need for international consistency of high quality valuation information included in financial reporting to provide investors with relevant and reliable financial information.” It describes the following “notable areas where practices…

The IASB has issued Risk Mitigation Accounting, an exposure draft of proposed amendments to IFRS 9 and IFRS 7, open for comment until July 31, 2026. As IASB Chair Andreas Barckow puts it in the news release, the proposed (voluntary) model “aims to bring accounting and risk management closer together to enhance internal efficiency and…

In October last year, we looked at an ongoing legal case involving Lundin Mining Corporation. The case dealt with Lundin’s detection of “pit wall instability, arising from an unstable wedge, in a localized area of its open pit operations,” and a subsequent rock slide, within a few days of each other in October 2017; the…