Corporate Governance

BoG To Prosecute ‘Dirty’ Bank Officials | General News

The Bank of Ghana (BoG) has announced that it will not shield any official or persons who contributed to the collapse of some seven banks recently. According to the bank, such officials and persons would be made to face the full rigour of the law. It also said it was instituting measures to introduce more accountability and integrity in its offices and the industry. In its quest to forestall the banking crisis, the Central Bank offered lifeline of GH¢860 million…

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ASIC pledge to stop ‘concerning’ practices

The corporate regulator has assured it will do everything it can to disrupt “concerning practices” within the financial industry. While Australian Securities and Investments Commission chair James Shipton wouldn’t speculate on possible findings from the banking royal commission, he told a parliamentary committee on Friday that “their work is very valuable”. “I have been using every public opportunity I have to remind the financial sector that they are dealing with other people’s money,” he said. “We will do everything we…

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Huge loss for Grand Twins despite efforts toward expansion, Business, Phnom Penh Post

Cambodia Securities Exchange-listed and Taiwan-based Grand Twins International (Cambodia) (GTI) recorded a loss of more than $800,000 in the second quarter of this year, a financial report filed with the bourse on Thursday showed. The company said the loss was a result of an increase in labour costs, a shift to exporting summer clothes to Asia rather than Europe and rising costs of administrative spending, the report said. Losses over the second quarter amounted to $887,143, which marks a nearly…

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Embedded ASIC staff warned against bias

Corporate watchdog staff to be embedded in five of Australia’s biggest banks to oversee their conduct will be trained to maintain their distance from bank employees. Australian Securities and Investments Commission chair James Shipton told a parliamentary committee in Melbourne on Friday about 25 staff would be embedded across Commonwealth Bank, ANZ, NAB, Westpac and AMP. Mr Shipton said the starting point was for ASIC staff to be trained in maintaining professional skepticism ahead of spending months inside an institution.…

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Companhia Paranaense de Energia (COPEL) (ELP) CEO Jonel Iurk on Q2 2018 Results – Earnings Call Transcript

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Q2 2018 Earnings Conference Call August 16, 2018 9:00 AM ET Executives Jonel Nazareno Iurk – CEO Adriano Rudek de Moura – CFO and IR Officer Ana Leticia Feller – Business Management Officer Harry Francoia Junior – Legal and International Affairs Officer Jose Marques Filho – Business Development Officer Vicente Loiacono Neto – Governance, Risk and Compliance Officer Sergio Luiz Lamy – CEO of Copel Generation & Businesses Antonio Sergio de Souza – CEO…

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CEOs Outearned Workers 312-to-1 in 2017

Donald Trump shaking hands with a fellow job creator. Photo: Andrew Harrer/Bloomberg via Getty Images In 2017, ordinary workers became no more valuable to our society than they were the year before. Normally, eight years into an expansion — with unemployment nearing record lows — one would expect to see America’s laborers enjoying hefty wage growth. But despite these favorable conditions, our nation’s working stiffs failed to make themselves more useful to their fellow citizens last year. Thus, the market…

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IEX drops proposal for startup LTSE to run listings on its exchange

NEW YORK (Reuters) – Stock exchange operator IEX Group has withdrawn a stalled proposal with U.S. regulators for a new corporate listings program in partnership with a Silicon Valley-based startup aimed at promoting long-term growth ahead of short-term profits. IEX, which in March asked the U.S. Securities and Exchange Commission to let the Long-Term Stock Exchange (LTSE) run an independent listings program on IEX’s Investors’ Exchange, withdrew the proposal in a letter to the SEC dated Aug. 15. SEC staff…

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The Stilwell Group Sends Fourth Letter to Shareholders of Wheeler Real Estate Investment Trust and Files Definitive Proxy Materials

NEW YORK, Aug. 16, 2018 /PRNewswire/ — The Stilwell Group, the largest shareholder of Wheeler Real Estate Investment Trust, Inc. (the “Company”) (NASDAQ: WHLR), today announced that it has delivered an open letter to shareholders of the Company and filed its definitive proxy statement, including a GREEN proxy card, for the election of three highly-qualified director nominees at the upcoming 2018 annual meeting of shareholders. The definitive proxy statement can be viewed at the link below: http://www.okapivote.com/wheeler The full text…

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Meet Bala Wunti, NNPC’s Strategist-in-Chief

They exist in every entity where deliberate planning and management of resources for the good of all stakeholders is key. They are found in every legal enterprise that holds dearly to the ideals of corporate governance, due diligence and attainment of strategic task and targets across operational value chain. Yes, it is a given that in such establishments, somebody must literarily and practically wear the corporate thinking cap and must have the aptitude, as always, to churn out concrete ingredients…

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Group Lease downshifting in Cambodia, Indonesia

SET-listed Group Lease Plc (GL) will shift its focus to Thailand and Myanmar as Cambodian and Indonesian operations are downsized because of unresolved conflicts with J Trust Asia Pte Ltd (JTA), GL’s former partner and major creditor for more than two years. The company’s plan to downsize operations in Indonesia stems from conflicts with JTA, which previously provided loans for GL’s leasing projects, said chief executive Tatsuya Konoshita. GL plans to shift its focus to microfinance and motorcycle leasing in…

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New Orleans Law Firm Wallace Meyaski offers unique “fixed fee” General Counsel services for small & mid-sized companies – Corporate Governance News Today

New Orleans Law Firm Wallace Meyaski offers unique “fixed fee” General Counsel services for small & mid-sized companies – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Thursday, August 16, 2018 · 458,860,342 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Mariana Mazzucato: the best books about the financial market | Books

One of the most memorable characters in The Corrections, by Jonathan Franzen, is Alfred, a man whose life has been dedicated to working for a local railway company. When that company is asset stripped, his life is destroyed. Alfred is hard-working, honest, good with his hands – the opposite of those working in the private equity industry responsible for the downfall of the rail firm. The message is that Alfred no longer has a place in a country run by…

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Global Blockchain Announces Dubai-Based Subsidiary to Develop Distributed Ledger (Blockchain) Technology Services and Solutions Within the DMCC Free Trade Zone – Corporate Governance News Today

Global Blockchain Announces Dubai-Based Subsidiary to Develop Distributed Ledger (Blockchain) Technology Services and Solutions Within the DMCC Free Trade Zone – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Thursday, August 16, 2018 · 458,834,714 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Responsible Investments Hit Major Milestone

Thursday, 16 August 2018, 1:17 pmPress Release: Responsible Investment Association Australasia New Report: Responsible Investments Hit Major Milestone, Representing Vast Majority of all New Zealand Investments Responsible investment in New Zealand has hit a major milestone, with a new report finding the vast majority of professionally managed investments are now invested as responsible investments, with total assets under management having more than doubled in just two years. Environmental, social, corporate governance and ethics considerations now sit alongside financial as critical…

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