Corporate Governance

Companies Holding Online Meetings Have Poor Attendance Records

BOSTON – Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Companies that hold meetings online have some of the worst records for attendance. A large portion of Alphabet Inc ( GOOGL.O ), Facebook Inc ( FB.O ), Netflix Inc ( NFLX.O ) and Twitter Inc ( TWTR.N ) directors have not attended annual shareholder meetings in recent years, company…

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Second-largest investor in Mr Kipling and Oxo owner Premier Foods lashes out at chief executive over ‘five years of failure’

The second largest shareholder in Mr Kipling-owner Premier Foods has called for its chief executive officer (CEO) to be removed after years of “shareholder value destruction”. Hong Kong-based Oasis Management said yesterday that Darby should be removed “following years of persistent shareholder value destruction, poor financial performance, consistent missed targets, a lack of strategy and weak corporate governance”. Oasis said it will be voting against Darby’s re-appointment at its annual general meeting (AGM) on 18 July and called for other…

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Waiting for Peter Thiel: big tech directors miss shareholder meetings

FILE PHOTO: Paypal co-founder Peter Thiel speaks at the Republican National Convention in Cleveland Thomson Reuters By Ross Kerber BOSTON (Reuters) – Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Companies that hold meetings online have some of the worst records for attendance. A large portion of Alphabet Inc , Facebook Inc , Netflix Inc and Twitter Inc…

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Between Fiscal Incentives for Quoted Companies and Outright Loss

n recent times, the Nigerian Stock Exchange has witnessed an exodus of companies whose shares were listed on it. In a space of 16 years, the number of companies listed on the NSE dropped by 93. This comes to an average of about six per year as at April 2018. Obviously worried by the rate of exit, Nigeria’s chief capital market regulator, the Securities and Exchange Commission, believes something urgent must be done to stop the worrisome trend. Acting Director…

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HRMATT endorses sexual harassment policy

The Board of the Human Resource Management Association of T&To (HRMATT) has publicly endorsed the Ministry of Labour and Small Enterprise Development’s initiative in creating the National Draft Policy on Sexual Harassment in the workplace. In a statement, HRMATT said: “We applaud Minister Jennifer Baptiste-Primus for her courageous introduction of this ground breaking policy into the national agenda. We believe that when this Draft Policy is finalised and enacted into law it will result in a cultural shift within organisations.…

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10 banks face capital shortfall of Tk 23,363cr

Seven state-run banks have failed to meet the minimum capital requirement, meaning they need further taxpayer-funded recapitalisation. The latest data from the Bangladesh Bank showed a total of 10 banks, including the seven state lenders, faced a capital shortfall of Tk 23,363 crore as of March, up by more than Tk 3,800 crore compared to a quarter ago. The lenders are Bangladesh Krishi Bank, Sonali, BASIC, Rupali, Janata, Agrani, Rajshahi Krishi Unnayan Bank, Bangladesh Commerce Bank, ICB Islamic Bank and…

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audit firms: Business pressure & external regulation have changed the way audit firms work

The position of an auditor in an Indian company is no longer an exalted one. Unlike in the not too distant past, when new auditor engagements were discussed politely between a company’s promoter and the heads of audit firms, the process has now moved to the procurement department of the company. Rotation norms that mandate a change in auditor after 10 years for all listed entities (about 6,000) and certain unlisted entities kicked in from April 2017. The earlier norm…

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Infosys investors cheer Nilekani’s return as Chairman – Canindia News

Bengaluru, June 23 (IANS) Investors of global software major Infosys on Saturday cheered the return of co-founder Nandan M Nilekani as Chairman to steer their firm onward after a turbulent year over governance issues. “Nilekani’s return has restored our confidence in the company, which progressed the most when he and other co-founder (N.R. Narayana Murthy) were at the helm,” said a shareholder at the company’s 37th Annual General Meeting (AGM). Nilekani, 63, re-joined the $10.9 billion IT major in August…

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Infosys stable, on verge of something momentous, says Nandan Nilekani

BENGALURU: Infosys non-executive chairman Nandan Nilekani on Saturday said the company has taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous. “When I stepped for the second time into Infosys in August last year, one of the concerns that you raised was about the company’s stability. We have taken several steps during the year to remedy this,” he said at the company’s 37th Annual General…

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Ukraine injects $15.5 bln into state-owned banks, could keep spending without improving governance

Ukraine has invested $15.5 billion to prop up its state-owned banks since 2008 and could keep spending without improving the quality of corporate governance in banks and their supervision, Managing Director for Eastern Europe and the Caucasus at the European Bank for Reconstruction and Development (EBRD) Francis Malige wrote on his Facebook page. He said that $5.8 billion was injected in capitalization of PrivatBank, $3.5 billion – Oschadbank, $2.8 billion – Ukreximbank, $1.6 billion – Rodovid Bank, $1.4 billion –…

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Generali Ranks First in the 2018 Integrated Governance Index

Italy : Generali Ranks First in the 2018 Integrated Governance Index Jun 22, 2018 (Euclid Infotech Ltd via COMTEX) — Generali takes the top spot in the 2018 Integrated Governance Index, which measures the integration of sustainability in business strategies. The award was presented at the Integrated Governance Conference. Gabriele Galateri di Genola, Chairman of Assicurazioni Generali, emphasised, This result is a valuable recognition of Assicurazioni Generali’s commitment to sustainability, for which we have promoted and carried out important initiatives…

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Investors turn up pressure on British firms in 2018 AGM season By Reuters

© Reuters. FILE PHOTO: Shareholder awaits start of Siemens annual shareholders meeting in Munich By Simon Jessop LONDON (Reuters) – The number of British companies facing material dissent from investors at their shareholder meetings jumped in the first half of the year, with votes against individual directors doubling from 2017. Ninety-four companies were added to the Public Register – which lists companies that saw opposition of more than 20 percent on any vote or which withdrew a resolution – in…

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Emerging markets need good governance for sustained development – Uade Ahimie :: Bestnaira.com

    The growing global campaigns for good governance are finally generating some success in emerging markets as businesses and governments continue to establish structures that promote transparency and compliance with best practice. In this interview, Uade Ahimie, a seasoned Governance and Risk Compliance practitioner discusses these issues as captured in his new book titled: CRAPI-FART – Perspective for an emerging marketUade Ahimie,How did you come about the title of your book? This is a very interesting question because each…

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GPHA Workers Union retracts allegations against Peter Mac Manu

By Iddi Yire, GNA Accra, June 22, GNA – The Senior and Junior Staff Unions of the Ghana Ports and Harbours Authority (GPHA) have unreservedly retracted and apologised to Mr Peter Mac Manu, Board Chairman, GPHA, for the corruption claims levelled against him. It would be recalled that four various unions at the GPHA, comprising of Tema Senior Staff Union, Tema Junior Staff Union, Takoradi Senior Staff Union and Takoradi Junior Staff Union, at a press conference held on 24th…

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‘Devil’s Pawn’ By Kukogho Samson Wins GTBank’s Dusty Manuscript Contest

A manuscript written almost ten years ago has been selected as the winner of the Dusty Manuscript Contest; a Prize organized for budding Nigerian writers. Written by Kukogho Iruesiri Samson, the winning manuscript, titled Devil’s Pawn clinched the top prize ahead of The Orchid Protocol by Onoche Emeka Onyekwena and The Other Side of Truthby Nneoma Anieto, which came first and second runner-up respectively. Organized in partnership with Kachifo Ltd. and Okadabooks, the Dusty Manuscript Contest is the latest in a long line of GTBank’s…

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Lakeland Bank Appoints James E. Hanson II to the Board of Directors – Corporate Governance News Today

Lakeland Bank Appoints James E. Hanson II to the Board of Directors – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Friday, June 22, 2018 · 452,794,896 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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