Corporate Governance

Business – NSE Suspends Trading In Oando Shares | Nigerian Bulletin

The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of indigenous energy firm, Oando Plc. A statement on NSE’s website said the exchange is to implement a full suspension in the trading of the security, effective for 48 hours, beginning from today (Wednesday) till Friday. According to the statement, NSE is to also implement a technical suspension in the shares of Oando from October 20, 2017. SEC noted that subsequent…

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Critics question settlement program for banks that overcharged fees – Nova Scotia

As investors await refunds from banks and other financial institutions for hundreds of millions of dollars in excess fees, critics are questioning the process around how the unwarranted charges were dealt with by their regulator. Scotiabank, Royal, TD, CIBC and BMO, along with others, have all come forward to disclose they charged a total of $354 million in excess fees on mutual funds and other investments. Both CIBC and TD had been charging the excess fees for 14 years, while others had…

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HCL Group: Corporate philanthropy: Inside Shiv Nadars’ world of good

What follows business success is often philanthropy. Family businesses inspired by Rockefeller, Mellon and Gates and concerned about the social, educational, digital and other divides in India want to pay back to the society. Shiv Nadar, billionaire technology czar and founder of the HCL Group, is perhaps one of the early movers on this front, starting to give back early, in the mid-1990s, by setting up an engineering institute in Chennai. Over the last decade the eponymous Shiv Nadar Foundation…

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Listed firms’ overall CGR score hits seven-year high

The improvement in the overall result derives mainly from two key categories – board responsibilities and the role of stakeholders – demonstrating a stronger board leadership in governing significant issues and an emphasis on all stakeholders playing their part to ensure sustainable growth. Thai listed companies showed improvement in corporate-governance practices, with the average score shifting up to “very good” from “good”, Bandid Nijathaworn, president and chief executive officer of the IOD, said at the “Corporate Governance Report of Thai…

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 Live Webinar: Emerging Markets CEFs as Legacy Products, Part II

NEW YORK, Oct. 17, 2017 (GLOBE NEWSWIRE) — City of London Investment Management Company Limited announced today that they will be hosting a live Webinar under Pristine Advisers and CEFNetwork regarding Emerging Markets Closed-End Funds as Legacy Products, Part II on Thursday, October 19, 2017 at 2:00 pm ET. Presented by Barry M. Olliff, CEO and CIO, City of London Investment Management Company Limited: Over 50 years’ experience in the Closed-End Fund (CEF) sector Founder of City of London Investment…

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RIA names Dustyn Lanz as new CEO – Article –

Companies cited in this article Responsible Investment Association More   The Responsible Investment Association (RIA) has appointed Dustyn Lanz, its chief operating officer (COO), as new CEO effective Jan. 1, 2018. He succeeds current CEO, Deb Abbey, who will retire following a five-year tenure in the role. Lanz has worked with the RIA since 2013 and has played a central role in growing its membership base and strengthening the RIA’s brand and communications initiatives over the past four years, the…

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Cubic : Board Member Recognized in National Association of Corporate Directors’ Directorship 100

Maureen Breakiron-Evans named among top 100 most influential boardroom leaders for 2017 SAN DIEGO – Oct. 17, 2017 – Cubic Corporation (NYSE:CUB) today announced the acknowledgement of Maureen Breakiron-Evans, independent director, to the National Association of Corporate Directors’ (NACD) 2017 Directorship 100 list. The annual NACD Directorship 100 list recognizes the most influential directors, governance experts, regulators and advisors in the boardroom and corporate governance community. ‘I am honored to be recognized alongside such dedicated and prominent corporate directors and…

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Japan’s Kobe Steel sold questionable products for 10+ years

Kobe Steel’s Kakogawa Works. 松岡明芳 via Wikimedia Commons TOKYO (Reuters) – When cheating becomes habitual, the consequences could be costly. Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with knowledge of the matter told Reuters late on Monday that data tampering on products went on for more than a decade, deepening the crisis that has sliced off about $1.6…

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Kobe Steel scandal exposes fault line in ‘Made in Japan’ program – EUROPE

The imposing red and white chimneys of Kobe Steel Ltd plant dominate the harbor of Kakogawa, Hyogo, Japan. [Photo/Agencies] TOKYO-Made in Japan became a byword for industrial quality under the once-vaunted keiretsu system of trust-based ties between manufacturers and suppliers. But that reputation has been eroded during recent years. Kobe Steel is just the latest in a string of corporate scandals involving data tampering and other methods of cheating to tarnish the Japan Inc quality stamp. It may be a…

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PM Browne Had ‘Busy Two Days’ in Washington – Antigua Chronicle

Prime Minister the Honourable Gaston Browneon Friday commenced a busy two-days of activities in Washington while attending the IMF/World Bank annual meetings. Early Friday, Prime Minister Browne accompanied by Minister of State in the Ministry of Finance and Corporate Governance, Senator Lennox Weston; Ambassador Sir Ronald Sanders; Financial Secretary Whitfield Harris and Deputy Financial Secretary Rasona Davis-Crump met with the World Bank Regional Director for the Caribbean, Tahseen Sayed and held discussions on the rebuilding programme on Barbuda and the Antigua and…

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Ambac to Release Third Quarter 2017 Earnings on November 8, 2017

Ambac to Release Third Quarter 2017 Earnings on November 8, 2017 NEW YORK, Oct 16, 2017 (GLOBE NEWSWIRE via COMTEX) — Ambac Financial Group, Inc. (Nasdaq:AMBC) (“Ambac”), a holding company whose subsidiaries, including Ambac Assurance Corporation (“AAC”), provide financial guarantees, today announced that it will release third quarter 2017 earnings on November 8, 2017 following the close of the market. Conference Call On November 9, 2017 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive…

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Munga averts Sh400m property sale

Companies Monday, October 16, 2017 20:54 By VICTOR JUMA Billionaire businessman Peter Munga. FILE PHOTO | NMG  Billionaire entrepreneur Peter Munga has settled a loan with Jamii Bora Bank, averting the planned auction of his properties worth Sh400 million. Jamii Bora Bank chief executive Sam Kimani Monday confirmed that Mr Munga had paid the debt, adding that auction of the businessman’s five houses in Kasarani, Nairobi, has consequently been cancelled. “The debt has been paid in full. The auction will…

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