Whistleblowing Champions And Blackrock Proxy Access

Banks required to appoint whistleblowing champion

New rules from the FCA, which come into force in September 2016, place new whistleblowing requirements on building societies, insurers and banks. The rules will require them to appoint a whistleblowing champion, who is a senior manager, and change the way they handle employee whistleblowing. This includes informing all employees of their legal rights, a responsibility to handle all types of employee disclosure, and to present an annual report to the board.

Blackrock introduces 'proxy access'

The world's largest asset manager has introduced the right for shareholders to nominate directors to the board. Shareholders will need at least a 3% stake in the company, and to have held their shares for more than three years, in order to nominate for elections.