Corporate Governance

HRMATT endorses sexual harassment policy

The Board of the Human Resource Management Association of T&To (HRMATT) has publicly endorsed the Ministry of Labour and Small Enterprise Development’s initiative in creating the National Draft Policy on Sexual Harassment in the workplace. In a statement, HRMATT said: “We applaud Minister Jennifer Baptiste-Primus for her courageous introduction of this ground breaking policy into the national agenda. We believe that when this Draft Policy is finalised and enacted into law it will result in a cultural shift within organisations.…

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10 banks face capital shortfall of Tk 23,363cr

Seven state-run banks have failed to meet the minimum capital requirement, meaning they need further taxpayer-funded recapitalisation. The latest data from the Bangladesh Bank showed a total of 10 banks, including the seven state lenders, faced a capital shortfall of Tk 23,363 crore as of March, up by more than Tk 3,800 crore compared to a quarter ago. The lenders are Bangladesh Krishi Bank, Sonali, BASIC, Rupali, Janata, Agrani, Rajshahi Krishi Unnayan Bank, Bangladesh Commerce Bank, ICB Islamic Bank and…

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audit firms: Business pressure & external regulation have changed the way audit firms work

The position of an auditor in an Indian company is no longer an exalted one. Unlike in the not too distant past, when new auditor engagements were discussed politely between a company’s promoter and the heads of audit firms, the process has now moved to the procurement department of the company. Rotation norms that mandate a change in auditor after 10 years for all listed entities (about 6,000) and certain unlisted entities kicked in from April 2017. The earlier norm…

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Infosys investors cheer Nilekani’s return as Chairman – Canindia News

Bengaluru, June 23 (IANS) Investors of global software major Infosys on Saturday cheered the return of co-founder Nandan M Nilekani as Chairman to steer their firm onward after a turbulent year over governance issues. “Nilekani’s return has restored our confidence in the company, which progressed the most when he and other co-founder (N.R. Narayana Murthy) were at the helm,” said a shareholder at the company’s 37th Annual General Meeting (AGM). Nilekani, 63, re-joined the $10.9 billion IT major in August…

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Infosys stable, on verge of something momentous, says Nandan Nilekani

BENGALURU: Infosys non-executive chairman Nandan Nilekani on Saturday said the company has taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous. “When I stepped for the second time into Infosys in August last year, one of the concerns that you raised was about the company’s stability. We have taken several steps during the year to remedy this,” he said at the company’s 37th Annual General…

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Ukraine injects $15.5 bln into state-owned banks, could keep spending without improving governance

Ukraine has invested $15.5 billion to prop up its state-owned banks since 2008 and could keep spending without improving the quality of corporate governance in banks and their supervision, Managing Director for Eastern Europe and the Caucasus at the European Bank for Reconstruction and Development (EBRD) Francis Malige wrote on his Facebook page. He said that $5.8 billion was injected in capitalization of PrivatBank, $3.5 billion – Oschadbank, $2.8 billion – Ukreximbank, $1.6 billion – Rodovid Bank, $1.4 billion –…

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Generali Ranks First in the 2018 Integrated Governance Index

Italy : Generali Ranks First in the 2018 Integrated Governance Index Jun 22, 2018 (Euclid Infotech Ltd via COMTEX) — Generali takes the top spot in the 2018 Integrated Governance Index, which measures the integration of sustainability in business strategies. The award was presented at the Integrated Governance Conference. Gabriele Galateri di Genola, Chairman of Assicurazioni Generali, emphasised, This result is a valuable recognition of Assicurazioni Generali’s commitment to sustainability, for which we have promoted and carried out important initiatives…

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Investors turn up pressure on British firms in 2018 AGM season By Reuters

© Reuters. FILE PHOTO: Shareholder awaits start of Siemens annual shareholders meeting in Munich By Simon Jessop LONDON (Reuters) – The number of British companies facing material dissent from investors at their shareholder meetings jumped in the first half of the year, with votes against individual directors doubling from 2017. Ninety-four companies were added to the Public Register – which lists companies that saw opposition of more than 20 percent on any vote or which withdrew a resolution – in…

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Emerging markets need good governance for sustained development – Uade Ahimie :: Bestnaira.com

    The growing global campaigns for good governance are finally generating some success in emerging markets as businesses and governments continue to establish structures that promote transparency and compliance with best practice. In this interview, Uade Ahimie, a seasoned Governance and Risk Compliance practitioner discusses these issues as captured in his new book titled: CRAPI-FART – Perspective for an emerging marketUade Ahimie,How did you come about the title of your book? This is a very interesting question because each…

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GPHA Workers Union retracts allegations against Peter Mac Manu

By Iddi Yire, GNA Accra, June 22, GNA – The Senior and Junior Staff Unions of the Ghana Ports and Harbours Authority (GPHA) have unreservedly retracted and apologised to Mr Peter Mac Manu, Board Chairman, GPHA, for the corruption claims levelled against him. It would be recalled that four various unions at the GPHA, comprising of Tema Senior Staff Union, Tema Junior Staff Union, Takoradi Senior Staff Union and Takoradi Junior Staff Union, at a press conference held on 24th…

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‘Devil’s Pawn’ By Kukogho Samson Wins GTBank’s Dusty Manuscript Contest

A manuscript written almost ten years ago has been selected as the winner of the Dusty Manuscript Contest; a Prize organized for budding Nigerian writers. Written by Kukogho Iruesiri Samson, the winning manuscript, titled Devil’s Pawn clinched the top prize ahead of The Orchid Protocol by Onoche Emeka Onyekwena and The Other Side of Truthby Nneoma Anieto, which came first and second runner-up respectively. Organized in partnership with Kachifo Ltd. and Okadabooks, the Dusty Manuscript Contest is the latest in a long line of GTBank’s…

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Lakeland Bank Appoints James E. Hanson II to the Board of Directors – Corporate Governance News Today

Lakeland Bank Appoints James E. Hanson II to the Board of Directors – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Friday, June 22, 2018 · 452,794,896 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Intel CEO resigned

Friday, June 22, 2018 For decades, Intel was one of the most predictable players in the technology industry. On Thursday, the semiconductor maker blindsided Silicon Valley with the abrupt resignation of its chief executive over a relationship with a subordinate. The chip company said it was recently informed that Brian Krzanich had a “past consensual relationship” with an Intel employee. An investigation by internal and external counsel then found that Mr. Krzanich, 58, had violated a non-fraternization policy…

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ROSTELECOM PJSC: PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

By Published: June 22, 2018 9:49 a.m. ET ROSTELECOM PJSC (RKMD) ROSTELECOM PJSC: PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 22-Jun-2018 / 16:49 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them1Details of…

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Tom Gordon: Mackay’s tax avoidance giveaway carries a hidden cost

DEREK Mackay is no stranger to taunts and jibes. Toiling in the shadow of his predecessor, John Swinney, the SNP Finance Secretary is still to be taken seriously by many at Holyrood. But I can’t remember him being cast as the tax dodger’s pal until now. Yet this week’s decision on business rates did just that. The non-domestic rate system is currently getting a high-profile overhaul thanks to a review by former RBS chair Ken Barclay. This is unconnected to…

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United States Secretary of Commerce Wilbur Ross, President’s Advisory Council on Doing Business in Africa Set for Fact-Finding Mission to Ethiopia, Kenya, Cote D’Ivoire, and Ghana – Corporate Governance News Today

United States Secretary of Commerce Wilbur Ross, President’s Advisory Council on Doing Business in Africa Set for Fact-Finding Mission to Ethiopia, Kenya, Cote D’Ivoire, and Ghana – Corporate Governance News Today – EIN News Trusted News Since 1995 A service for global professionals · Friday, June 22, 2018 · 452,742,735 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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