Philippe Ugnat, LLB joins VANC Pharmaceuticals Inc. as Stratregic Advisor – Corporate Governance News Today

Philippe Ugnat, LLB joins VANC Pharmaceuticals Inc. as Stratregic Advisor – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Tuesday, September 18, 2018 · 462,342,561 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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All acts to be superseded by corporate governance code

Listed banks and insurance companies must follow the Bangladesh Securities and Exchange Commission’s (BSEC) corporate governance code, even if it contradicts the bank companies and insurance acts, said the stockmarket regulator yesterday. It was a reply of Swapan Kumar Bala, a BSEC commissioner, against a question during a “corporate governance” seminar organised by the BSEC at Bangabandhu International Conference Centre. A participant pointed out that as per the bank companies act, a bank has to have two independent directors if…

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NDIC seeks ethical banking standards

<!– –> <!– –> Nigeria Deposit Insurance Corporation (NDIC) has expressed worries over the cases of abuse of extant regulations and ethical standard by banks in the country. Managing Director/Chief Executive Officer of NDIC, Umaru Ibrahim who stated this appealed for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and professionalism in the banking industry. Ibrahim, who refused to comment on the Presidential Panel plans to recover the  $7bn bailout money, made…

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Deutsche plans to shift more assets from London to Frankfurt

Deutsche Bank has scaled up plans to shift hundreds of billions of assets from London to Frankfurt after coming under increasing pressure from European regulators over the size and complexity of its UK operations after Brexit.Deutsche could eventually move about three-quarters of its estimated € 600bn balance sheet back home. Any transfer of the German bank’s assets — equivalent to almost half the total held by European lenders in the UK — would be a big blow to the City…

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Saudi Arabia to auction detained tycoon’s real estate assets | World | thenews.com.pk

Saudi Arabia to auction detained tycoon’s real estate assets RIYADH: Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s 100 richest people, was detained last year for unpaid debts dating back to 2009 when his company, Saad Group, defaulted. His case is separate from…

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Saudi Arabia to auction tycoon’s real estate assets | World | thenews.com.pk

Saudi Arabia to auction tycoon’s real estate assets RIYADH: Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s 100 richest people, was detained last year for unpaid debts dating back to 2009 when his company, Saad Group, defaulted. His case is separate from the…

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The Theranos — Elizabeth Holmes Deception

Elizabeth Holmes was just 19 years old when she dropped out of Stanford University with a dream of creating a company that would revolutionize blood testing. As we first reported last May, Holmes founded the start-up Theranos and boasted her technology could take a pin-prick worth of blood from the finger and perform hundreds of laboratory tests. It was, she claimed, “the most important thing humanity has ever built.” At its zenith, Theranos was worth nearly $10 billion and Elizabeth Holmes…

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Ministry launches app for international driving licence

Abu Dhabi: The Ministry of Interior, in collaboration with the Automobile & Touring Club of the UAE, have launched a smart service to allow citizens and expatriates in the UAE to apply for the international driving licence. The ministry aims to promote its smart services via their app (MOI UAE) and website, as part of the UAE Smart Government vision 2021 to put the country among the best in the world in terms of economic and social development. Through this…

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Exclusive – Saudi Arabia to auction detained tycoon’s real estate assets: sources

By Marwa Rashad and Stephen Kalin RIYADH (Reuters) – Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s 100 richest people, was detained last year for unpaid debts dating back to 2009 when his company, Saad Group, defaulted. His case is separate from the…

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Protect constitutional independence of Auditor General – CSOs

Daniel Y. Domelevo The Coalition of National Civil Society Organisations (CSOs), an anti-corruption group under the Ghana Anti-Corruption Coalition (GACC) has said that some actions of the Board Chair and members of the Audit Service were interfering with the functions of the Auditor-General as an independent body. “We consider these developments extremely troubling and a threat to the ongoing efforts by the Audit Service to protect the public purse and promote public accountability,” it added. These were contained in a…

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Protect independence of Auditor General – GACC

The Ghana Anti-Corruption Coalition (GACC) has described as worrying the raging impasse between the Auditor-General Daniel Domelevo and the Board Chairman of the audit service. Mr Domelevo has accused Professor Edward Dua-Agyeman and the board of the Audit Service of unlawfully interfering and violating his constitutional mandate. He has since petitioned President Akufo-Addo to intervene over what he described as “manipulation” of procurement processes. The board chair has also sent a counter-petition to the President on the same matter. Decrying…

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Hurricane Florence Hands a Megaphone to Supporters of Sustainable Investing

As Hurricane Florence made landfall and followed a path projected to move across the Carolinas on Friday, advocates of sustainable investing sought to draw renewed attention to climate change and the benefits of aligning capital to combat a warming planet. Climate change has long been a major theme for advocates of so-called ESG investing, which incorporates environmental, social and corporate governance factors into investment decisions. At least six of the United Nations’ Sustainable Development Goals relate to climate change. The…

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The Allure of Funds That Foster Gender Diversity

Sept. 14, 2018 8:30 a.m. ET As more people consider environmental, social, and governance issues when choosing investments, funds aiming, in part, to foster gender equality have proliferated—and dollars have followed. Exchange-traded and mutual funds, including the SPDR SSGA Gender Diversity Index (ticker: SHE) and Pax Ellevate Global Women’s Leadership(PXWEX), have attracted more than $1.2 billion in assets, according to Veris Wealth Partners—double what it was a year ago. Assets in separate accounts from Veris and others are also rising.…

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ICAN calls for revised corporate governance code – Punch Newspapers

Jesusegun Alagbe The Institute of Chartered Accountants of Nigeria says it is committed to supporting the government’s efforts at building investors’ confidence in order to attract the much-needed Foreign Direct Investment into the economy. However, the institute said the government must create an environment to attract such investments by paying adequate attention to the operations of corporate governance. The President/Chairman of Governing Council, ICAN, Mr. Razak Jaiyeola, said this in Lagos while stating the institute’s position on the draft 2018…

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Chesapeake Utilities wins corporate governance award

Chesapeake Utilities Corporation announced that it is the recipient of Ethical Boardroom Magazine’s 2018 award for Best Corporate Governance in the Utilities Sector in North America. The award recognizes outstanding leadership worldwide for companies that have raised the bar to ensure that strong corporate governance contributes daily to enhancing long-term value for all stakeholders. “We are honored to be named among other industry leaders receiving this distinguished corporate governance award,” said Michael P. McMasters, CEO. “It is the guidance of…

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