Corporate Governance

Musk working with Goldman Sachs to take Tesla private

Elon Musk Musk working with Goldman Sachs to take Tesla private Independent.ie Tesla chief executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs as financial advisers on his plan to take the US electric car maker private. https://www.independent.ie/business/technology/musk-working-with-goldman-sachs-to-take-tesla-private-37213967.html https://www.independent.ie/business/technology/article37213190.ece/5b951/AUTOCROP/h342/giveelon.JPG Email Tesla chief executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs as financial advisers on his plan to…

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TLC Doses First Patients in Phase I/II Trial of TLC590 for Postsurgical Pain Management – Corporate Governance News Today

TLC Doses First Patients in Phase I/II Trial of TLC590 for Postsurgical Pain Management – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Tuesday, August 14, 2018 · 458,632,619 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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EPF has not incurred RM6.09 bln loss – Guan Eng – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News

Lim Guan Eng – Bernama file photo KUALA LUMPUR: The daily movement of the FTSE Bursa Malaysia KLCI (FBM KLCI) does not have an impact on the dividends paid out by the Employees Provident Fund (EPF) as it is the policy of the retirement fund to declare dividends based on its net profit, said Lim Guan Eng. The Finance Minister said when compared to the original shares purchase price or book value, the EPF still recorded profits overall. “However, the shares…

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PNB fraud fallout: Former MD Usha Ananthasubramanian dismissed on the day she was to retire

PNB fraud fallout: Former MD Usha Ananthasubramanian dismissed on the day she was to retire On the day she was to retire, Usha Ananthasubramanian, former chief executive and managing director (MD)of Punjab National Bank (PNB), was dismissed from service in connection with the $2.2-billion fraud at the state-run lender. Ananthasubramanian, who was shifted to Allahabad Bank as its MD last year, was at the helm of affairs at PNB for about 21 months through May 2017. She had also served…

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Elon Musk says Saudis will provide funding for a Tesla buyout

“I left the July 31st meeting (with the Saudi fund) with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving,” Musk said. “This is why I referred to ‘funding secured’ in the August 7th announcement.” The Saudi fund over nearly two years had approached him repeatedly about taking the company private, Musk said, and the latest meeting came after it took a nearly 5…

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Let’s collaborate to prevent collapse of banks – Internal Auditors

The Institute of Internal Auditors Ghana has charged external auditors to collaborate with internal auditors to ensure that firms follow controls and comply the necessary accounting standards. President of the Institute, Juliet Aboagye-Wiafe, said strong collaboration between internal and external auditors is likely to halt the breaches by management that resulted in the collapse of some seven Ghanaian controlled banks.  Some seven locally controlled banks have in recent times been liquidated due to the lack of good corporate governance practices and…

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Let’s collaborate to prevent collapse of banks – Internal Auditors

The Institute of Internal Auditors Ghana has charged external auditors to collaborate with internal auditors to ensure that firms follow controls and comply the necessary accounting standards. President of the Institute, Juliet Aboagye-Wiafe, said strong collaboration between internal and external auditors is likely to halt the breaches by management that resulted in the collapse of some seven Ghanaian controlled banks.  Some seven locally controlled banks have in recent times been liquidated due to the lack of good corporate governance practices and…

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PNB tightens corporate governance norms

NEW DELHI: With a view to further improve corporate governance and excellence, PNB is taking all required steps to check any kind of gap, loopholes and deviations in the system and procedures. “The bank has strong foundations and is committed to implement ethical standards besides tightening the norms wherever required despite demonstration carried out by officers’ associations/unions at some centres,” PNB said in a statement. The norms are being strengthened and standard operating procedures are being revisited, the bank said.…

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‘Annual reports must detail steps to prevent sexual harassment’ – Canindia News

New Delhi, Aug 13 (IANS) All government and private companies will have to furnish in their annual reports the details of steps taken to prevent sexual harassment at the workplace as per the law. The Ministry of Corporate Affairs vide its July 31 notification has amended the Companies (Accounts) Rules, 2014 and inserted a clause which says that firms will have to include a “statement that the company has complied with provisions relating to the constitution of Internal Complaints Committee…

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Some Tips for East Coast Cannabis Entrepreneurs From Colorado’s Industry Leaders

Entrepreneurship is never easy but the cannabis business has challenges you just don’t see anywhere else. August 13, 2018 5 min read Opinions expressed by Green Entrepreneur contributors are their own. East Coast cannabis markets are getting ready to expand in a major way. In recent weeks, Massachusetts, New Jersey, Connecticut, Vermont, Florida and even New York have shown signs of progress. This has been a long time coming for East Coast cannabis entrepreneurs. As founder of New York’s largest cannabis meetup…

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Air France KLM shares slump on risk of further strikes

By Sudip Kar-Gupta PARIS (Reuters) – Air France KLM <AIRF.PA> shares slumped on Monday after the airline’s biggest pilots union said over the weekend that there were risks of further strikes if pay talks with management did not resume. Air France KLM shares were down 5.8 percent in early trading, the worst performers on Paris’ SBF-120 <.SBF120> equity index. The stock has fallen by around 40 percent so far in 2018. “It’s the risk of further strikes that’s knocking down…

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Tesla’s slow disclosure raises governance, social media…

Tesla’s slow disclosure raises governance, social media concerns By Reuters Published: 00:03 EDT, 13 August 2018 | Updated: 00:03 EDT, 13 August 2018 By Michelle Price and Jessica DiNapoli WASHINGTON, Aug 13 (Reuters) – Tesla Inc´s handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. Musk stunned investors last Tuesday by announcing on Twitter that…

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Top executives earn 3,000 times more than average staff

The top companies with a striking gap in pay between the senior-most executives and median employees in 2017-2018 belonged mostly to sectors such as information technology, auto and engineering, discovers Sachin P Mampatta. IMAGE: C P Gurnani, CEO & MD, Tech Mahindra, India’s highest paid executive. A top executive earns as much as Rs 3,150.69 for every rupee earned by a median employee, when the gap between the two is at its highest. And this is not a one-off. Among…

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Impac Mortgage Holdings’ (IMH) CEO George Mangiaracina on Q2 2018 Results – Earnings Call Transcript

Impac Mortgage Holdings, Inc. (NYSEMKT:IMH) Q2 2018 Results Earnings Conference Call August 9, 2018 9:00 PM ET Executives Justin Moisio – IR George Mangiaracina – Chairman and CEO Brian Kuelbs – CFO Rian Furey – COO Ron Morrison – General Counsel Analysts Steve DeLaney – JMP Securities Operator Good day ladies and gentlemen, and welcome to the Impac Mortgage Holdings Second Quarter 2018 Earnings Conference Call. At this time all participants are in a listen-only mode. Later, we will conduct…

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If gold rusts … – The Nation Nigeria

SEC’s failure to file report for four years raises questions about its regulatory credentials THIS must be the limit. We knew government and her agencies are remiss in giving account, sticking to rules or keeping to deadlines. For instance, for over a decade, the Federal Government has been unable to deliver the annual budget on the age-old January deadline. The 2018 budget was signed by half-year and it bears a major lacuna – the non-inclusion of the crucial figures of…

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