How Kochhar got clean chit in 15 minutes, asks shareholder

The bank’s shareholders also sought stern action from the bank on any misdoings on the part of Kochhar. Mumbai: Facing multiple enquiries, ICICI Bank CEO Chanda Kochhar has gone on long leave, but the allegations levelled regarding quid pro quo and conflict of interest reverberated in the bank’s annual general meeting (AGM) on Wednesday. Shareholders sought clarity on the charges levelled against Kochhar and questioned ICICI Bank’s decision to vote in favour of reappointing her on the board of ICICI…

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Matrix Service (MTRX) Q4 2018 Earnings Conference Call Transcript — The Motley Fool

Image source: The Motley Fool. Matrix Service (NASDAQ:MTRX) Q4 2018 Earnings Conference CallSep. 11, 2018 10:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, ladies and gentlemen, and welcome to the Matrix Service Company conference call to discuss results for the fourth quarter fiscal 2018. [Operator instructions] As a reminder, this call may be recorded. I would now like to introduce your host for today’s conference, Kellie Smythe, senior director of investor relations.…

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Malin to review executive pay after shareholder revolt

Malin Corporation has bowed to shareholder pressure to review its executive pay plan, after it was rejected by almost 51 per cent of shareholders that voted on the matter at the life science investment firm’s annual general meeting in Dublin on Wednesday. “We note that some shareholders have raised concerns on the directors’ remuneration report,” Ian Curley, chairman of two months, said at the meeting. “The board have noted these and are conducting a review of the overall compensation framework…

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KESSLER TOPAZ MELTZER & CHECK, LLP – Announces Investor Securities Fraud Class Action Lawsuit Against USA TECHNOLOGIES, INC. – USAT – Corporate Governance News Today

KESSLER TOPAZ MELTZER & CHECK, LLP – Announces Investor Securities Fraud Class Action Lawsuit Against USA TECHNOLOGIES, INC. – USAT – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Wednesday, September 12, 2018 · 461,793,574 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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HDFC Life appoints Vibha Padalkar as new MD & CEO

New Delhi: HDFC Life, largest private life insurers, has announced the appointment of Vibha Padalkar as its new Managing Director and CEO for a period of three years effective from today. After a successful listing on the bourses in November 2017, HDFC Life is one of the most valuable private life insurers with industry-leading profitability, delivering superior returns to investors. “I am delighted with the opportunity given to me to lead the HDFC Life team. I thank the Board of…

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UPDATE 1- Sports Direct’s chairman stands down ahead of AGM vote – Finance News

(Adds Hellawell’s resignation) LONDON, Sept 12 (Reuters) – Sports Direct said its chairman Keith Hellawell would step down at its annual meeting on Wednesday, heading off a potential revolt from independent shareholders over corporate governance at the firm majority owned by founder Mike Ashley. Hellawell, a 76-year-old former police chief constable and government drugs czar, has battled to keep his job at the sportswear retailer in the face of criticism of its working practices and his own ability to control…

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Only 35% boards and directors highly involved in risk management says

Stepping out of the comfort of your home and walking in the rains could be a risk. You could take a stroll, get drenched in the rains and absorb the beautiful experience or catch a flu- get bed-ridden, causing unease and probably needing some medical attention. Walking out of one’s comfort zone without an umbrella in management parlance is a risk. Now, imagine the same situation- pouring rains, walking out the comfy four walls, and a near-dear one spots you…

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Alibaba Chairman Jack Ma to Step Down in 1 Year

Jack Ma, who founded e-commerce giant Alibaba Group and helped launch China’s online retailing boom, announced Monday that he will step down as the company’s chairman next September. In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang, an 11-year veteran of the company. Ma handed over the CEO post to Zhang in 2013 as part of what he said was a long-planned succession. Ma, a former English teacher, founded Alibaba in 1999 in…

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Talk of cuts “fake news”: Drake

Brockville mayoral candidate Cec Drake has launched his campaign with promises of better money management — and accusations of “fake news” at city hall. Drake, one of four candidates to succeed outgoing Mayor David Henderson, said Tuesday it was brought to his attention a city hall employee has been telling people a Drake victory in next month’s election would mean cuts to jobs and salaries at city hall. That, said Drake, is “fake news.” “There’s no cuts to taxes, no…

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Ryanair ‘weakened’ by decision to bar media from upcoming AGM

Ryanair move ‘disappointing’ Ryanair ‘weakened’ by decision to bar media from upcoming AGM Independent.ie Ryanair’s decision to ban media from attending its upcoming annual general meeting “further weakens the company’s standing in the eyes of the public”, the boss of a leading UK shareholder advisory firm has claimed. https://www.independent.ie/business/irish/ryanair-weakened-by-decision-to-bar-media-from-upcoming-agm-37307367.html https://www.independent.ie/business/article37307366.ece/7d96e/AUTOCROP/h342/2018-09-12_bus_44019916_I1.JPG Email Ryanair’s decision to ban media from attending its upcoming annual general meeting “further weakens the company’s standing in the eyes of the public”, the boss of a leading UK…

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Global financial crisis: How India can look ahead by looking back

In March 2007, I accompanied Axle Weber, then president of Deutsche Bundesbank, to the University of Pune, where he delivered a lecture on challenges of financial globalisation. What struck me most was his deep concern over the pronounced feeling of complacency among market participants, despite the ongoing signs of low-risk premia and increasing use of leveraged instruments, in part aided by an ultra-loose monetary policy of the major central banks at the time. Eighteen…

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Time’s Up to CBS: Change your culture and donate $120 million from Moonves’ severance

In a new letter, Time’s Up is calling on the board of CBS Corporation to give $120 million to organizations that address sexual harassment and workplace safety, in the wake of allegations of sexual assault against former chairman and CEO Leslie Moonves. CBS Corporation announced on Sunday, following the allegations published in The New Yorker, that Moonves was departing the company. A $120 million financial exit package for Moonves will be withheld pending the results of an investigation.  CBS said it will donate…

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From Oct 2, unlisted firms will issue new shares in demat form, says govt

Unlisted public companies have to compulsorily issue new shares in demat form beginning October 2, the government said on Tuesday, amid continuing efforts to curb illicit fund flows. Besides, transfer of shares by these companies has to be done only in the demat or electronic form. This step has been taken for “further enhancing transparency, investor protection and governance in the corporate sector”, the Corporate Affairs Ministry said in a release. The…

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Ambode’s sterling achievements visible to all – ICAN, IOD presidents – The Eagle Online

The President, Institute of Chartered Accountants of Nigeria, Alhaji Razak Jaiyeola, and his counterpart in the Institute of Directors of Nigeria, Alhaji Rufai Mohammed, on Tuesday lauded the Lagos State Governor, Akinwunmi Ambode, for his sterling performance since assumption of office in 2015. They said Ambode’s achievements across all sectors and sections speak volume and were visible to all. Jaiyeola and Mohammed, who spoke separately when they led members of the Governing Council of their respective Institutes on a courtesy…

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Zhang to succeed Jack Ma as Alibaba chairman

Alibaba Group Holding has announced that one year from today, chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of Alibaba Group.    Ma, the founder of Alibaba, will continue as executive chairman of the company over the next 12 months to ensure a smooth transition of the chairmanship to Zhang.    Ma will complete his current term as a member of Alibaba Group’s board of directors until its annual general meeting of shareholders in…

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Unlisted companies have to issue new shares in demat form from Oct 2: Govt

Unlisted public companies have to compulsorily issue new shares in demat form beginning October 2, the government said Tuesday. Besides, transfer of shares has to be done only in the demat or electronic form. This step has been taken for “further enhancing transparency, investor protection and governance in the corporate sector,” the Corporate Affairs Ministry said in a release. The decision also comes at a time when…

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