Contents

Exceptionally transparent

Revised Turnbull Guidance

An updated version of the Turnbull Guidance which will take effect for financial years beginning on or after 1 January 2006 has been published by the FRC.

Transparency the German way

Executive remuneration in Germany has come under close scrutiny recently, but are the new regulations too lax?

Update on Russia

Alex Filatov provides an update on the current position of corporate governance in Russia.

The EU Prospectus Directive

Karen Cooper looks at what the EU Prospectus Directive means for executive and employee share participation.

Responsible shareholder value

Shann Turnbull argues that corporations can enhance both shareholder value and social responsibility by changing their reporting processes.