The global consumer industry experienced a 42% drop in company filings mentions of corporate governance in Q3 2022 compared with the previous quarter, with the highest share accounted for by Diageo with 4% year-on-year decrease, according to GlobalData’s analysis of over 721 consumer company filings.
Notably, corporate governance was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of mobile and batteries, according to GlobalData’s whitepaper on Corporate Governance in Consumer – Filings Trends in Q3 2022.
Of the 50 leading companies in the consumer industry, Diageo had the greatest increase in references for corporate governance in Q3 2022, compared with the previous quarter. GlobalData identified 327 corporate governance-related sentences in the company's filings - 45% of all sentences - and an increase of 100% in Q3 2022 compared with Q2 2022. Dabur India’s mentions of corporate governance rose by 100% to 187 and LG Electronics’s by 100% to 129.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for corporate governance in Q3 2022 was 103.