Corporate Governance

The big four accounting firms struggle to shake their sexist pasts

Posted May 01, 2018 12:10:56 Photo: The big four firms have enormous sway over business and policy; it’s important they represent the diversity of the community. (Flickr: Kompania Piwowarska) In many ways, the big four accounting firms — Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers (PwC) — have influenced how we work, how we manage, how we invest and how we are governed. Apart from their staff, the brands themselves are the big firms’ most valuable assets. The value of…

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UBA chairman stresses importance of corporate governance culture – Punch Newspapers

Oyetunji Abioye The Chairman of the United Bank for Africa Group, Mr. Tony Elumelu, says putting the customers at the forefront and tailoring the activities of the bank in line with their demand remain the focal point of the  pan-African bank. He also said that imbibing corporate governance culture was vital to building an enduring financial institution. Elumelu spoke to employees of the pan-African institution at the annual Group Chairman’s Forum, a platform for group integration, re-strategising and knowledge sharing…

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Are You Ready for Some IRM? Gartner’s 2018 Security & Risk Summit Events Span the Globe

by John A. Wheeler  |  April 30, 2018  |  Submit a Comment It’s that time of year again! Preparations for our upcoming global summit events are at a fever pitch. A central theme for this year’s summit is how integrated risk management (IRM) can improve overall resilience to withstand a major cyber attack. “Cybersecurity Redefined in the Digital Era” describes how an IRM strategy must incorporate system assurance, business continuity and safety management inputs to develop a multi-domain approach for cyber and physical security…

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Rigrodsky & Long, P.A. Announces Investigation Of Buyout

ILG, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout Rigrodsky & Long, P.A.: — Do you own shares of ILG, Inc. (NASDAQ GS: ILG)? — Did you purchase any of your shares prior to April 30, 2018? — Do you think the proposed buyout is fair? — Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of ILG, Inc. (“ILG” or the…

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Glancy Prongay & Murray LLP and Harwood Feffer LLP Announce the Combination of Their Litigation Practices

Plaintiffs’ class action litigation firm Glancy Prongay & Murray LLP is proud to announce that Robert I. Harwood, Daniella Quitt, Matthew M. Houston, and Benjamin I. Sachs-Michaels of Harwood Feffer LLP have joined the firm’s litigation practice focusing on shareholder class and derivative actions and ERISA litigation. Messrs. Harwood, Houston, and Sachs-Michaels, and Ms. Quitt have been acknowledged by courts and their peers to be leaders in the plaintiffs’ shareholder advocacy bar. They have developed new law in the areas…

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Family businesses survive longer and offer less investment risk, Rotman study finds

Nearly 70 per cent of the family businesses tracked over almost 50 years survived. File Photo Family businesses tend to survive longer and represent a lower-risk investment than non-controlled public firms, a new study from the University of Toronto’s Rotman School of Management suggests. Nearly 70 per cent of the family businesses tracked over almost 50 years survived, while all but 24 per cent of non-controlled widely held companies had either gone out of business or been acquired or de-listed…

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Govt identifies 4 RRBs for IPOs; public issue likely this year

New Delhi, Apr 30 () The government has identified 4 Regional Rural Banks (RRBs) for listing on stock exchanges in line with the Union Budget 2018-19. Guidelines for the listing are almost ready, and entail details like quantum of stake dilution, instrument to be floated and category of possible investors in the public issue, sources said. They further said the four RRBs are eligible to come out with initial public offerings (IPOs) and they may hit the capital markets this…

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Ador Fontech Ltd Board to consider Dividend for 2017-18

A meeting of the Board of Directors of Ador Fontech Ltd will be held on May 29, 2018, to consider and approve the Financial Statements (Standalone and Consolidated) for the quarter ended March 31, 2018 and audited financial statements (Standalone and Consolidated) for the financial year ended March 31, 2018, including Reports thereon. The board will consider recommendation of dividend, if any. The board will consider Draft Annual Report and date for convening the 43rd Annual General Meeting and business…

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AMCON MD calls for stiffer regulation of aviation – Punch Newspapers

Akinpelu Dada The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, has called on agencies that are saddled with the responsibility of regulating the aviation industry and other critical sectors of the economy to adopt the same template, which the Central Bank of Nigeria used in streamlining banking operations in the country. Kuru stated this as the guest speaker at the 6th Nigeria Transport Awards and Lecture in Lagos, where he presented a paper entitled: ‘AMCON’s intervention…

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UBA Seeks Strengthening of Corporate Governance 

Pan- African financial Institution, United Bank for Africa Plc, last thursday,  ended its annual Group Chairman’s Forum, a platform for group integration, re-strategising and knowledge sharing with the overall aim of putting the bank on firm standing to actualize its goals and targets for the financial year. The theme of this year’s forum was focused on three main areas:  ‘Efficient and effective communication across the group; Entrenchment of enduring corporate culture and corporate governance. The meeting which was chaired by…

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Index funds must use their huge power over companies, says BlackRock chief Larry Fink 

Giant index funds have enormous clout in shareholder votes and company directors underestimate them at their peril, BlackRock chief Larry Fink has warned. The billionaire investment chief said index funds – which hold $11.9 trillion of equities globally, around 18pc of the overall stock market – have long been underappreciated by corporate bosses but are making their power known by increasingly threatening to vote against underperforming directors. “The implicit sanction of a vote against management if a company is not…

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ON Semiconductor Reports First Quarter 2018 Results | Business News

Revenue of $1,377.6 million Gross margin of 37.6 percent GAAP operating margin of 13.5 percent and non-GAAP operating margin of15.7 percent Operating cash flow of $226.5 million and free cash flow of $127.0million GAAP earnings per share of $0.31 and non-GAAP earnings per share of$0.40 PHOENIX–(BUSINESS WIRE)–ON Semiconductor Corporation (Nasdaq: ON) today announced that total revenue in the first quarter of 2018 was $1,377.6 million, down approximately 4 percent compared to GAAP revenue in the first quarter of last year.…

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State-Owned Enterprises Ministry, union explain leaked conversation – Business

A recording of a conversation allegedly involving State-Owned Enterprises Minister Rini Soemarno and PLN president director Sofyan Basyir has been circulating on the internet. In it, a discussion on stock shares between PLN and state-owned oil and gas company Pertamina takes place, in which Sofyan tells Rini that he wants a bigger share. The recording was uploaded by Instagram account @jokerpolitik on Friday with the caption, “Finally the plot is revealed”. The post was taken down on Sunday. Tri Sasono, the general secretary of the State-Owned Enterprises (SOE) Workers Federation, demanded that…

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Saudi REITs market worth over $2bn in Q1

Saudi Arabia’s Real Estate Investment Trusts (REITs) market continues to expand and now surpasses a market capitalisation of $2 billion, said an expert. The number of listed REITs doubled in the last two quarters; with 12 REITs listed on the Saudi bourse Tadawul at the end of the first quarter. Raya Majdalani, the research manager at Knight Frank Saudi Arabia, said: “REITs initially traded at a significant premium to Net Asset Value (NAV). This was mainly attributable to large amounts…

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Kingsley EduGroup Limited Announces Details of Proposed Listing on the GEM of The Stock Exchange of Hong Kong

Apr 29, 2018 HONG KONG, Apr 29, 2018 (JCN Newswire via COMTEX) — Global Offering of 200,000,000 Shares;Offer Price Ranges from HK$0.40 to HK$0.50 per Share Kingsley EduGroup Limited (“Kingsley”) (together with its subsidiaries, the “Group”), a Malaysia-based private education service provider, announces the details of its proposed listing on the GEM of The Stock Exchange of Hong Kong Limited (“SEHK”). It will be the first Malaysia-based education service provider to be listed on SEHK. Investment Highlights- The first Malaysia-based…

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BUSINESS IN BRIEF 29/4 – News VietNamNet

VN firms cosy up to Asia-Pacific partners      Vietnamese enterprises must band together with their Asia-Pacific partners for stronger growth. Said conclusion was reached at yesterday’s conference on strengthening the connection and partnership between Viet Nam’s firms and members of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI). Speaking at the conference, Doan Duy Khuong, Vietnam Chamber of Commerce and Industry (VCCI)’s Vice Chairman, appreciated the important cooperation between the VCCI and the CACCI, and between Viet…

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