Corporate Governance

Emerging markets fund boss aims to help you sleep soundly

Active: Rob Marshall-Lee picks companies which are unencumbered by debt Active fund management – where a human being rather than a robot pulls all the strings – is under attack like never before. Many people think it is too expensive and fails to deliver the outperformance its promoters promise. Yet Rob Marshall-Lee, manager of Newton Global Emerging Markets Fund, disagrees. In his field of expertise at least – emerging markets – he believes active fund management is essential.  Away from the…

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Videocon Industries Ltd calls for Board Meeting on Nov 24, 2017

A meeting of the Board of Directors of Videocon Industries Ltd is scheduled to be held on Friday, 24th November, 2017, to approve and take on record the Annual Report (Notice, Director’s Report, Report on Corporate Governance and Audited Financial Statements etc.) for the financial year ended on 31st March, 2017. The Board will fix the day, date, time and venue of Annual General Meeting and also fix the date(s) of Book Closure for the purpose of Annual General Meeting.…

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Sporting entities must adopt firm business principles — Ryan Foster

Those charged with the running of sporting entities must adopt firm business principles that also provide opportunities for increased sales value to their sponsors if they are to reap success and sustainability. This is the view of Ryan Foster, who is equally devoted to sports and business. “Sports governance and corporate governance have similar foundations. Every organisation, whether a sporting association or a corporate entity, requires proper governance and leadership to execute the strategic objectives of the body,” he reasoned.…

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Indigenous producers pledge compliance to Nigerian Content Act

Members of the Indigenous Petroleum Producers Group (IPPG) have pledged to henceforth support and comply with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. To cement their commitment, the local operating companies will sign a Service Level Agreement (SLA) with the Nigerian Content Development and Monitoring Board (NCDMB) and this will guide the submission and management of statutory reports between both parties. The new SLA, akin to the type signed between the Board and the…

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Net1 directors retain positions in caustic vote

The IFC is the single largest shareholder and currently holds 10-million shares equivalent to 17.5% of the company; Allan Gray holds 8.8-million or 15.5% and International Value Advisers 7.1-million, equivalent to 12.5%. Seabrooke took over the chairman’s role from Belamant in March, when the media storm broke around the company’s corporate governance. Until then, Belamant had served as CEO and chairman in a situation the board had deemed in the best interests of the company. At Thursday’s shareholder meeting, Seabrooke…

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Ford Motor : Names John Veihmeyer to Board of Directors

Ford Motor Company is announcing today the election of John Veihmeyer to the companys board of directors. His appointment is effective December 1. Veihmeyer, 62, has decades of experience advising the worlds leading companies on financial reporting, risk management and governance. He recently retired as chairman of KPMG International, a role he held since April 2014. John brings decades of accounting, governance and risk management experience that spans multiple industries and global borders, said Executive Chairman Bill Ford. He will…

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Experts want FG to increase fleet size requirement – Punch Newspapers

Experts in the aviation industry have called on the Federal Government to enact a law that will make it mandatory for domestic airlines to have minimum of 20 aircraft before obtaining Air Operators’ Certificates. The development, they said, would strengthen the airlines’ operations and also help them to attract funding aid from outside the country. The experts made the suggestion in a communique issued at the end of the Aviation Roundtable and made available to our correspondent in Lagos on…

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Recapitalisation and then what next?

Banks and their customers will need to transform to make the recapitalisation exercise worthwhile. “The wheel always turns” is a popular cliché that aptly describes the cyclical nature of the credit and business markets. It also describes one of life’s truths, in that many a time, you find yourself in the exact same place as you started. The new rule requiring licensed banks in Ghana to increase their minimum capital levels to GHS400 million by December 31, 2018 has received…

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Group calls for tighter measures in securing AOC

Air Peace aircraft The Aviation Round Table Initiative (ARTI) has urged the Nigerian Civil Aviation Authority (NCAA) to increase the number of aircraft required by an airline to secure an Air Operator’s Certificate (AOC). ARTI wants the number increased from the current two to a minimum of 20 aircraft. The group made the call in a statement signed by its President, Mr Gbenga Olowo, on Friday in Lagos. Olowo noted that there was need for local airlines to pull resources…

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Shedding CKHA’s multiple corporate, governance str

Any chance of a battle between Wallaceburg and Chatham hospital boards will be gone under new corporate and governance structures proposed for the Chatham-Kent Health Alliance. Rob Devitt, the provincially-appointed supervisor who has been running the Health Alliance since September 2016, announced Thursday his plan to merge the three corporations – Public General, St. Joseph’s and Sydenham District hospitals – and their three separate boards of directors, into a single corporation with a single board. Devitt said the Health Alliance’s…

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Investors seeking 5% stake in banks need watchdog’s approval – EUROPE

An employee counts yuan banknotes at a bank in Huaibei, Anhui province, June 22, 2010. [Photo/Agencies] China Banking Regulatory Commission (CBRC) rolled out a regulation draft on commercial banks’ equity management Thursday to prevent shareholders from misusing their rights to harm banks’ interests and is now asking public opinion on that, according to CBRC website. Shareholders of commercial banks would be classified as shareholders who need to apply before buying stakes and shareholders who need to report after buying stakes,…

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2 Sisters chicken supplier problems ‘not one-off’, say MPs

Image copyright Getty Images Image caption MPs said their inquiry should act as a “wake-up call” for the wider food industry Problems at a major UK chicken supplier forced to suspend operations over hygiene concerns were “not a one-off”, MPs have claimed. A site run by the 2 Sisters Food Group in the West Midlands had a “far from pristine” past record, the Environment, Food and Rural Affairs Committee said. Its month-long inquiry also raised concerns about how the production…

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Mining industry should review business models, CSR collaboration – DMR

With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey Oliphant. Speaking at the Implementing CSR Strategies in Mining conference, in Johannesburg, earlier this month, Oliphant noted that the industry needed to review its business models to ensure that they were sustainable,…

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IIFL arm 5Paisa Capital lists at five pct discount

Fintech company 5Paisa Capital, an online financial services provider belonging to the IIFL Group, got listed on Thursday at a 5% discount to the prices in pre-opening trade on bourses. (Image: Reuters) Fintech company 5Paisa Capital, an online financial services provider belonging to the IIFL Group, got listed on Thursday at a 5% discount to the prices in pre-opening trade on bourses. The stock debuted at Rs 380 on the NSE, lower by 5% from the pre-opening price of Rs…

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7 funds and ETFs for your conscience and your wallet

ESG (environmental, social, and governance) investing may be the buzzword du jour, but over the past couple of years it has established itself as a solid niche investment. More and more institutional investors are incorporating its principles into their investment selection process and putting ESG-focused assets into their portfolios. Now it’s individuals’ turn, and the mutual fund and ETF industries have dutifully churned out dozens of new ESG-oriented products for investors who want to make money but also want to…

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