• Box ticking? Cranfield's latest annual FTSE Board Report 2019 has found that more needs to be done to promote diversity across all levels of the FTSE 100
• Facebook Diversity Report 2019 released: Facebook has set a five year target for 50% of its workforce to be from 'diverse' backgrounds  
• Uber has tied diversity targets to executive compensation for some senior executives

• United States | Governance issues have emerged as a key concern for US shareholders according to research from Activist Insight

• Stop Press | APRA Capability Review released
• The Council of Financial Regulators has adopted a new charter with a new emphasis on fairness

• Top Story | Poor value products and harmful sales practices: ASIC review of consumer credit insurance released
• 35% more complaints than the combined average of predecessor schemes: AFCA has released its first six month report
• AFCA has reminded insurance companies to focus on fairness
• ASIC is targeting firms slow to sign up to the AFCA scheme
• Implementing Hayne recommendations | The ACCC has granted interim approval of changes to the ABA Banking Code
• APRA has applied additional capital requirements on three major banks to reflect the operational risk identified in their risk governance self-assessments
• APRA has released updates to FAQs on the new outcomes test
• In Brief | Updated MySuper Product Authorisation form and instruction guide: APRA has released an updated form and guide to implement new requirements resulting from the passage of Treasury Laws Amendment (Improving Accountability and member Outcomes in Superannuation Measures no 1) Act 2019
• In Brief | Change in control of superannuation licensees form and guide finalised: APRA has released a new application form and instruction guide for parties seeking to request approval from the regulator to control a stake greater than 15% in a registrable superannuation entity

• United Kingdom | Latest FRC audit inspection results released: 25% of assessed audits are below an acceptable standard 
• United Kingdom | The FRC is consulting on proposed changes to the UK's Ethical and Auditing standards

Technology, Cybersecurity and Privacy

• United Kingdom | The UK Information Commissioner's Office intends to fine Marriott £99 million under GDPR in connection with a data breach
• Facebook to be fined $5bn for Cambridge Analytica privacy violations? The $5bn fine would reportedly be the largest ever levied by the Federal Trade Commission against a technology company

Other Developments

• United Kingdom | The Chartered Institute of Internal Auditors is consulting on a new draft Internal Audit Code of Practice
• In Brief | The Risk Coalition is consulting on proposed principles and guidance for board risk committees and risk functions in the UK financial services sector. Consultation closes 20 September 2019
  
  
  

• United Kingdom | The current approach to addressing corruption is inadequate? A UK Fraud Council Report has called among other things, for the establishment of a new corporate criminal offence 'failure to prevent economic crime' to hold executives to account