1. Articles in category: BoardNews

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    1. Questions raised over new corporate governance code

      Questions raised over new corporate governance code

      Companies, KSE, regulator discuss the revised code. By Our Correspondent Published: October 5, 2012 Unlike the previous code, the revised code says the chairman and CEO will not be the same person unless specifically provided in any other law. PHOTO: AFP KARACHI: Representatives of listed companies, the Karachi Stock Exchange (KSE) and the corporate sector regulator gathered on Thursday on the erstwhile trading floor of the KSE to discuss the

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    2. News Corp shareholders advised to vote against Murdochs

      News Corp shareholders advised to vote against Murdochs

      Advisory firm comes out against re-election of members of Murdoch family to board in wake of phone hacking The campaign to remove members of the Murdoch family as directors of News Corporation has gathered pace, with advisory firm Institutional Shareholder Services expected to recommend that shareholders vote against the re-election of a number of board members. ISS, one of the most influential ...

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    3. George Washington University to Highlight On the Board, Advancing Women’s Corporate Board Leadership At MBA Women ...

      MBA Women International (MBAWI) announced today that The George Washington University School of Business (GWSB) and the International Women’s Forum (IWF) will partner with MBAWI to promote On the Board, Advancing Women’s Corporate Board Leadership. (PRWeb October 04, 2012) Read the full story at http://www.prweb.com/releases/2012/10/prweb9977437.htm

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    4. StanChart board moves offer brief respite from Temasek pressure

      SINGAPORE/HONG KONG (Reuters) - Standard Chartered's move to name four independent directors last week was welcome news for its biggest shareholder, but Singapore sovereign investor Temasek is holding tight to its view that the board is still too heavy with bank executives. Related Stories Halfords sales recover on summer cycling success Business spooked by UK tax avoidance clampdown France ...

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    5. Top shareholder in boardroom row with Standard Chartered

      Temasek registered its unhappiness by refusing to vote for the re-election of the non-executive directors Pic: Yui Mok/PA Wire Share Share this article Email this article Print this article Tweet Related Articles * Bank rejects more emergency support * Hanson set to announce job losses * Market round-up: Winning streak ends for Abramovich as Evraz slides on deal Simon English 04 October 2012 Standard Chartered is in dispute with its l

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    6. Political Affiliation should not Bar Public Service

      Minister of Justice, Senator the Hon. Mark Golding, said the government is of the view that political affiliation should not bar anyone from public service or from serving on a public sector board. He stated that the primary consideration should be competence, honesty, integrity and other such principles. In fact, he said, many of the boards that now exist; have on them directors, who served during the previous administration. Senator Golding was contributing to debate in the Senate on Friday (S

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    7. PwC Survey Finds That Private Companies See Business Benefits In Formal

      /PRNewswire/ -- A large majority of private companies (80%) are adopting specific corporate governance practices to help them successfully navigate an increasingly complex and volatile business landscape, according to PwC US's latest Private Company Trendsetter Barometer survey. Corporate governance at those companies takes the form of official policies promoting oversight and accountability in a variety of areas, including financial reporting, corporate strategy, and risk management. Nearly all

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      Mentions: Chairman
    8. SEC Plans Independent Director for Broking Firms

      SEC Plans Independent Director for Broking Firms

      DG, NSE, Arunma Oteh Goddy Egene The Securities and Exchange Commission (SEC) is planning to introduce independent directors to the boards of stockbroking firms as part of efforts to strengthen corporate governance among broking firms and restore investor confidence in the market. Currently, listed companies are required to have independent directors on their board, who are expected to ensure they operate with high standard of corporate governance. Market sources told THISDAY last week that the

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    9. GMI Ratings Governance Issue | Honda Motor Co., Ltd.

      Honda Motor Co., Ltd. (HMC) just expanded its earlier recall of Acura TL cars that have potential power steering problems to include Accords. This development is the latest example of how the Tokyo car maker has been openly and honestly improving its corporate governance, ranging from revamping its supervision of senior management to disclosing information to global investors. While having to recall a product can be an indication of quality concerns, Honda seems to be taking responsiblity and ac

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      Mentions: Chairman
    10. Corporate Governance Code changes could 'maintain momentum' of female

      board appointments 02/10/2012 ... Changes have been made to the UK's Corporate Governance Code that relates to the "comply or explain" mechanism through which UK firms set their targets for the number of women there are in boardrooms. The new code, published last month, came into effect yesterday (October 1st) and has seen additional words added so that busin

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    11. Financial Reporting Council inches towards balanced boards

      Financial Reporting Council inches towards balanced boards

      The independent regulator for corporate governance, the Financial Reporting Council (FRC) has announced amendments to the UK Corporate Governance Code, which came into effect yesterday. The changes include a focus on the "comply or explain" section, through which companies choose to set their goals for the number of women they expect to have on their boards, and will report their progress against those goals year on year. Announcing the changes to the code, chairman of the FRC, Baroness Hogg, ex

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    12. NACD Honors Towers Watson Lead Outside Director Linda Rabbitt

      NEW YORK--(BUSINESS WIRE)--Global professional services company Towers Watson (NYSE, NASDAQ: TW) today announced that Linda D. Rabbitt, the company’s lead director on its board of directors, has been recognized by the National Association of Corporate Directors (NACD) for exceptional performance by directors in the boardroom. Ms. Rabbitt is one of two directors who will receive the 2012 Director ...

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    13. IoD welcomes change to governance code

      The Institute of Directors (IoD) has welcomed the Financial Reporting Council's decision to make changes to the Corporate Governance Code and the Stewardship Code, claiming they will help improve how well companies are governed in the UK. Amending the code to ensure that boards put their external audit out to tender at least once a decade was the biggest decision made by the council in its review of the regulatory framework. Head of corporate governance at the IoD Roger Barker said this was a po

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    14. Quasar Provides Corporate Update

      JACKSONVILLE, FL--(Marketwire - Sep 28, 2012) - Quasar Aerospace Industries, Inc. ( PINKSHEETS : QASP ) -- Quasar is pleased to provide this update to its shareholders and the investment community. The following details recent issuances of securities to its officers and directors as well as changes in management structure we believe will be beneficial to the Corporation. We are extremely pleased ...

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      Mentions: Chairman
    15. Olympus' Efforts To Improve Corporate Governance Leave Room For More

      Olympus' Efforts To Improve Corporate Governance Leave Room For More

      Olympus Corp. ( .PK) and three of its former executives pleaded guilty this week to charges related to a $1.7 billion accounting cover-up, the media reported. During the year since the Japanese equipment maker's former CEO Michael C. Woodford raised questions about its deal-making, Olympus has made some improvements to its corporate governance, but continues to show serious weaknesses that interfere with its ability to balance the powers of its managers. To be sure, it's positive that the former

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