Corporate Governance

Beerenberg’s jam-packed future with governance

GOOD external governance has helped Beerenberg keep itself out of a pickle over seven generations, says Anthony Paech, managing director of the iconic Adelaide Hills food producer. Being family-run, the business has active participation from different members of the family, with a strong focus on systems and processes. Anthony’s mother Carol is financial controller, his sister Sally is marketing manager and brother Robert is the farm manager. Mr Paech told an AICD forum recently that the company had separate management…

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KCB tops as most attractive bank

Kenya Commercial Bank (KCB) has been ranked as the most attractive bank in Kenya, a position it has retained since 2015. The KCB Group was ranked 1st position on the back of a high return on average equity of 20.3 percent compared to an industry average of 18.4 percent, as well as an optimal loan to deposit ratio of 84.3 percent , compared to an industry average of 76.8percent. Releasing its quarter 1of 2018 banking sector report Monday, Cytonn Investments…

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The Radicati Group Releases “Microsoft SharePoint Market Analysis, 2018-2022” – Corporate Governance News Today

The Radicati Group Releases “Microsoft SharePoint Market Analysis, 2018-2022” – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Monday, June 18, 2018 · 452,065,970 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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GreenSky credit Company Sets Terms of IPO to Raise up to $750 million

Jun 18, 2018 (Heraldkeeper via COMTEX) — The point of sale financial technology (fintech) provider GreenSky has ambitiously expanded beyond the originally announced $100 million it was seeking to raise in its IPO. The fintech company, which specializes in financing for home improvement projects and into other loan niches, including helping customers arrange to pay for car repairs and even luxury items, is now looking to sell approximately 34.1 million shares at a price range of $21 to $23. GreenSky…

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deutsche bank: Expect another rate hike in August unless oil prices dip: Pratik Gupta, Deutsche Bank India

Oil prices are the biggest risk to Indian markets and the Indian economy, said Pratik Gupta, head of equities at Deutsche Bank India. There could be another rate hike by the Reserve Bank of India in August unless oil prices come down, he said. In an interview to Sanam Mirchandani, Gupta said he prefers large caps to mid caps as the risk-reward is better there. Edited excerpts: India is facing several local and global headwinds, with FPIs continuously selling shares.…

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Exclusive: Mellanox nears truce with Starboard over board seats – sources

NEW YORK (Reuters) – Mellanox Technologies Inc (MLNX.O), a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, people familiar with the matter said on Sunday. FILE PHOTO: The logo of Mellanox Technologies is seen at the company’s headquarters in Yokneam, in northern Israel July 26, 2016. REUTERS/Ronen Zvulun The agreement would come after the chipmaker, which had a market capitalization…

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MNS` Transnet ‘Traingate’ scandal report to be added to charges – Natasha Mazzone – NEWS & ANALYSIS

DA MP says this recommends that corruption charges be brought against Brian Molefe & Co. DA to add Transnet ‘Traingate’ scandal report to criminal charges against Molefe & Gupta associates The latest forensic report by law firm Mncedisi Ndlovu & Sedumedi (MNS) attorneys on the R15,4 billion price inflation on Transnet locomotives procurement will form part of the affidavit of the criminal charges that the DA will be laying against former CEO Brian Molefe, former Chief Financial Officer Anoj Singh,…

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DA to add ‘traingate’ report to criminal charges against Molefe, Gupta associates

The latest forensic report by law firm Mncedisi Ndlovu & Sedumedi (MNS) attorneys on the R15.4 billion price inflation on Transnet locomotives procurement will form part of the affidavit of the criminal charges that the DA will be laying against former CEO Brian Molefe, former chief financial officer Anoj Singh, board sub-committee chairman Iqbal Sharma, and Gupta lieutenant Salim Essa, DA spokeswoman Natasha Mazzone said. The MNS report recommended that corruption charges be brought against the four individuals and steps…

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Former Stobart Group chief Andrew Tinkler vows to battle on after being dismissed from board

Cumbrian businessman says he’s had hundreds of messages of support as company insists it’s acting in best interests OUSTED former Stobart Group chief executive Andrew Tinkler says he has been inundated with messages of support after he was sacked from the company’s board. In an exclusive interview, Mr Tinkler spoke candidly of the increasingly bitter boardroom battle that has ended with him being summarily dismissed from his executive director role at the iconic Cumbrian firm, whose brand is recognised across…

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Parastatals reform gets major boost

Source: Parastatals reform gets major boost | Sunday Mail (Top Stories) Government is drawing down a $4,6 million African Development Bank grant to restructure eight State enterprises and parastatals (SEPs), a Government official has said. The targeted SEPs are Agribank, the Infastructure Development Bank of Zimbabwe, the Small and Medium Enterprises Development Corporation, the Zimbabwe National Roads Administration, Allied Timbers, the Zimbabwe Electricity Distribution and Transmission Company, and the Scientific and Industrial Research and Development Centre. $2,4 million will be…

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Thailand leads MICE surge

The Thailand Convention and Exhibition Bureau (TCEB) has released the results of its recent market survey conducted in 20 countries showing that Thailand has been rated the most preferred MICE destination which the survey participants would like to revisit for their future business/MICE trips. Sukit Tanskul, CEO of Custom Asia Co Ltd, said that the survey also shows interesting results about main criteria in selecting MICE destinations. Photo: TCEB Thailand secured the top spot with the delight factors in hospitality,…

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Eighth Parliament — a potpourri of experiences

The Nomination Court has sat. The Eighth Parliament of Zimbabwe is seeing out its final days after five years of epoch-defining moments, drama, spills and thrills. The Eighth Session of the Eighth Parliament of Zimbabwe, which was opened by then President Robert Mugabe on September 12, 2017, will be remembered as the one that instituted impeachment proceedings against a sitting Head of State. Mr Mugabe extricated himself from that ignominy by tendering his resignation on November 21, 2017 after facing…

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I’m on a mission to rescue Imo State – Nick Oparandudu, APGA guber aspirant – TheCitizen – It’s all about you

Mr. Nick Oparandudu, a governorship aspirant under the platform of the All Progressives Grand Alliance (APGA), is a former banker with experience spanning over 20 years. He also served as Chief Economic Adviser to the current Imo State Government, Commissioner for Planning and Economic Development, Commissioner for Works and Transport, and Commissioner for Internal Resources (IGR) and Pension Matters. In this interview with select journalists in Lagos, he begs Imo people to cry no more, promising to wipe away their…

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UMB Takes Clients Through Series Of Business Seminars

UMB, in partnership with accounting firm, KPMG, has held the first in a three-part training seminar at the UMB Centre for Businesses in Kasoa for their SME clients within the Kasoa business enclave. A statement issued by UMB and copied to the Ghana News Agency, said the session was to train and empower them in best business practices ranging from bookkeeping, tax compliance for SME’s in Ghana, corporate governance and succession planning, amongst other relevant business subject matters. It said…

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shell companies: State banks may ask big borrowers for more proof before handing out loans

The government may ask state-run banks to run a check on big borrowers with the corporate affairs ministry or the concerned registrar of companies (RoC) before sanctioning highvalue consortium loans, said a top finance ministry official. The idea is to find out if the borrower has any associated shell companies, get a fix on subsidiaries with direct or indirect beneficiaries and to determine whether there are any red flags against the prospective borrower. “Banks were mostly relying on financial statements…

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