ReneSola Appoints Weiguo Zhou As Interim CFO

ReneSola Ltd (SOL), a solar project developer and operator, announced one of its independent directors and a member of compensation committee and nominating and corporate governance committee, Weiguo Zhou, has been appointed interim Chief Financial Officer, effective immediately. The company said it is continuing its search for a permanent CFO. Zhou succeeds Maggie Ma, whose resignation was effective February 28. Zhou will step down as an independent director during the period he serves as interim Chief Financial Officer and remain…

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A veteran investor says best days are over for hottest emerging stocks

Some of the biggest names in emerging markets may be yesterday’s success stories, at least as far as JO Hambro Capital Management is concerned. Just look at the numbers: The MSCI Emerging Markets Index jumped more than 45 percent in the two years prior to this one. That means Alibaba and tech peers such as Tencent and Baidu, which make up a big portion of the index, are no longer attractive, said James Syme, a developing nation specialist…

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Weinstein Assets Sold to Create New Company Says Maria Contreras-Sweet

Less than a week after she said the deal was off, and TWC said it would file for bankruptcy, Contreras-Sweet said they reached a deal. After more than three months of speculation, Maria Contreras-Sweet announced Thursday that she and a group of investors will move forward with its purchase of The Weinstein Company’s assets. Read More:‘Mary Magdalene,’ Michael Moore’s ‘Fahrenheit’ Sequel, and More Films in Limbo as TWC Mulls Bankruptcy Said Contreras-Sweet in a statement: Our team is pleased to…

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INM to choose new chairman within weeks after Leslie Buckley steps down

The board of Independent News & Media (INM) is expected to meet in coming weeks to select a new chairman, after the formal resignation on Thursday of Leslie Buckley at an egm in Dublin’s Alex Hotel. For his final act as chairman, Mr Buckley oversaw the meeting that was called last month to elect four new non-executive directors, to bring the board back into compliance with corporate governance guidelines. Due to the adverse weather conditions, only a handful of shareholders…

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Corporate culture an alarmingly low priority

Board directors fully aware of culture’s impact on business, but what can be done to advance it? The importance of having a strong corporate culture has been well documented. From upholding ethics to driving innovation, organisational performance can be very much influenced by cultural aspects, such as values, mission, communication and the prevailing organisational atmosphere. It is therefore vital that boards understand the culture in their organisations so they can provide effective leadership and direction to the business.…

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Computer Task Group: Buy This Turnaround – Computer Task Group Inc. (NASDAQ:CTG)

Computer Task Group (CTG) is breaking out higher on strong investor momentum. The company’s share price is up roughly 50% since earnings, but still 70% below its 2014 recent highs. CTG is continuing to grow its core operations while making strategic acquisitions. Additionally, the company is aggressively repurchasing shares and aligning corporate governance with shareholder interests. I am buying stock in this name to hopefully hold over coming years amid a recovery in its share price. Price Action The company’s…

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Gov tells directors to be more productive – Punch Newspapers

Afeez Hanafi The Lagos State Governor, Akinwunmi Ambode, on Tuesday called on directors in the state public service to improve on their performance and boost productivity. He said such was central to actualising the vision of the public service and ensuring improved performance. The governor, who was represented by the Commissioner for Establishments, Training and Pensions, Dr Benson Oke, spoke at a two-day training session for the state directors in Ikeja. He said, “Improvements are not only important, they are…

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Why GE is making a dramatic overhaul to its board of directors

  General Electric CEO John Flannery is expected to lay out significant changes for the U.S. company. (Richard Drew/AP Photo) The corporate boardroom is not a place where change typically happens swiftly. Few board seats have term limits, the job offers a lucrative post for retired executives (albeit one with increasing pressures), and continuity is typically valued as much as new perspectives. “At the board level, change is like a glacier — it moves very slowly,” said Peter Crist, chairman of the executive…

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Jooste targets SoE boards – The Namibian

THE public enterprises ministry has proposed a vast array of measures to bring sanity to the way state-owned enterprises are run, among them making boards accountable for losses. Minister Leon Jooste yesterday said the new plans for 2018 were aimed at compelling board members of state-owned enterprises (SOEs) and executives to take responsibility and ownership, and “to equally embrace the consequences for failures”. As such, Jooste told an annual stakeholders’ meeting in Windhoek that SOE boards would take the blame…

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MRC chairman Symons stands firm as calls for him to quit intensify

Pressure continues to mount on Melbourne Racing Club chairman Mike Symons to stand down pending the investigation into horse doping by a number of Caulfield-based trainers associated with the Aquanita training group. But Symons, who is also a director of Aquanita, is refusing to buckle, insisting that the controversy,  fuelled by comments made on Racing.com on Monday evening by prominent racehorse owner and syndicator Terry Henderson, is unfounded. MRC chairman and Aquanita director Mike Symons. Photo: AAP Henderson said that there was…

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Clariant Publishes Its Integrated Report 2017

MUTTENZ, Switzerland — February 26,2018 — Clariant, a specialty chemical manufacturer, today announced the publication of its Integrated Report 2017. The report combines financial and non-financial elements to provide an in-depth view of Clariant’s holistic approach to creating added value for customers, employees, shareholders, and the environment. This year’s edition also features an enhanced Materiality Matrix. Based on an incisive review process with input from over 200 internal and external stakeholders, important long-term value creation…

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PricewaterhouseCoopers Calling on Georgian Companies to Adopt Principles of Social Responsibility

The FINANCIAL — Lasha Janelidze, Partner at PwC, talked to The FINANCIAL about the inevitability of Georgian businesses getting more involved with social responsibility practices, if they are to succeed in the rapidly-changing realities of today’s world. “PwC Georgia is part of PwC’s global network and we are completely in line with our global CSR strategy. We aim to go beyond our measures in catalyzing change in four focus areas: responsible business; diversity and inclusion; community engagement; and…

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PNB fraud: Where does the buck stop?

The lack of integration between CBS and SWIFT is not the only loophole in PNB’s operations. It gave a window to the employees for misuse; that was complemented at different levels with the complicity of many. Photo: Abhijit Bhatlekar/Mint Last week, the Reserve Bank of India (RBI) asked all banks to integrate their core banking solutions with the SWIFT messaging network by 30 April. Just ahead of that, the banking regulator announced setting up a panel, headed by noted chartered…

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N60bn interconnect debt threatens telecoms industry – Punch Newspapers

The Nigerian telecommunications industry is currently plagued by massive interconnect debt. While the verified figure is put at N60bn, the unverified is said to be around N1.27tn, EVEREST AMAEFULE writes A massive interconnect debt valued at more than N60bn is threatening the nation’s telecommunications industry, investigation has revealed. Interconnect debt results when an operator fails to settle the cost of termination of service rendered to it by another operator in the industry. Interconnection is important in the telecoms industry because…

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