Battle for Our Future: Sustainability vs. Innovation

Show your average chief innovation officer or chief marketing officer the corporate social responsibility (CSR) plan from the chief sustainability officer and they are unlikely to get that excited. Strategy, marketing and innovation teams have one job: To grow the

Posted in General Issues

Sustainability Efforts Pay Dividends for Hannaford Supermarkets

Sustainability practices at Hannaford Supermarkets annually saves the company $15 million, diverts 125 million pounds of waste from Northeast landfills and keeps more than 430 million pounds of greenhouse gases from being emitted, according to a study by Manomet Center

Posted in General Issues

Sustainable cotton: a need for investment

Cotton has survived competition from synthetic fibres to remain as a challenging but viable crop for many nations, from Greece to the US. Sustainable cotton is the aim, but from the desert wilds of Central Asia to the great dams

Posted in General Issues

An accessible route to sustainability in your daily routine

When you left your house today, you probably went through your daily routine without any qualms. You packed up your stuff and ate your breakfast. Since it’s cold outside, you turned on your car for about 20 minutes before leaving.

Posted in General Issues

Defining sustainable development: The woman who started it all

Widely regarded as the “mother” of sustainable development, Dr Gro Harlem Brundtland has been an advocate of public health, political activism and the environment for most of her life. As an environment minister, a Prime Minister, and a party leader in her home

Posted in General Issues

Shell, Techno Oil’s CSR Yield Dividends for Host Communities

Shell Nigeria Exploration and Production Company (SNEPCo) and Techno Oil Limited have delivered new projects to boost their Corporate Social Responsibility (CSR) programmes in their host communities. While SNEPCo at the weekend handed over a library complex and computer room

Posted in General Issues

CBN, SEC to Collaborate for Stronger Financial Sector Regulation

The Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) have agreed to collaborate more for stronger  regulation of the  capital market in particular  and the Nigerian financial system in general. The acting Director General of SEC,

Posted in General Issues

SEC’s Rules on Demutualisation Restrict Corporate Raiders

The Securities and Exchange Commission has restricted corporate raiders from hijacking the Nigerian Stock Exchange (NSE) during its planned demutualisation exercise. This is sequel to a rule that stipulates that no single entity/person or related entities are permitted to own

Posted in General Issues

Sustainability: From the Back Room to the Board Room

While environmental, social and governance (ESG) issues are becoming mainstream for corporations and the wider public, much more has still to be achieved. It is fairly well accepted that promoting sustainable practices can affect the long-term economic performance of a

Posted in General Issues

How social responsibility, green advocacy improve oil company stock performance

Oil and gas companies that speak out against environmental regulations and sustainability values might want to think twice about whether such actions are actually promoting shareholder value, especially if they are based in “blue states.” Companies that make frequent corporate

Posted in General Issues

This local university is being recognized for churning out CEOs

A Greater Cincinnati university produced some of the top CEOs who led their companies’ initial public offerings last year. Miami University landed on a list of institutions that produced the most CEOs who led IPOs in 2014. The list comes

Posted in General Issues

Goldman sees ‘revolutionary’ shift in Japan Inc

Japanese corporates are notorious for hoarding cash, but there`s a revolutionary shift underway, with shareholder returns set to reach their highest level ever this fiscal year, according to Goldman Sachs. “Faced with growing pressure to improve capital efficiency, Japanese companies

Posted in General Issues

KPMG Seeks Review of FRC’s Unified Corporate Governance Code

KPMG professional Services has called on stakeholders and audit committee members of public companies to form a coalition against the Financial Reporting Council’s, FRC, proposed unification of corporate governance code, and make sure it does not come into effect pending

Posted in General Issues

We need good corporate governance

Zambia’s Minister of Commerce, Trade and Industry, Mrs Margaret Mwanakatwe, says corporate governance has the potential to attract investment in many sectors of the economy. Mrs Mwanakatwe said  Government  will always  champion  the cause  of  good  corporate  governance  for Zambia

Posted in General Issues

The Compliance Revolution and Improving Board Oversight

We all know there has been a sea change in the compliance profession. No longer are compliance professionals relegated to the backwater of corporate governance. Instead, they are now front and center and being asked to design and implement effective

Posted in General Issues

Harnessing Disruption for Sustainability

This year, which has been dubbed “the year of sustainable development,” provides an ideal opportunity in this regard. At high-level meetings in Sendai, Japan, in March and in Addis Ababa, Ethiopia, in July, world leaders will pursue closer collaboration on

Posted in Business

Transocean CEO Steven Newman To Step Down, Effective February 16

Transocean Limited., a provider of offshore contract drilling services, said Steven Newman and the Board of Directors have mutually agreed that he would step down as President and Chief Executive Officer, effective February 16. Additionally, Newman has elected to resign

Posted in General Issues

Global businesses to consider natural capital in their accounting policies

Forty big global businesses, including the National Australia Bank, will now consider the value of “natural capital” in their accounting polices. The bank is one of the signatories to Natural Capital Declaration, a global agreement to try and develop a

Posted in General Issues

Taiwan bourse pursues reforms to lure international investment

Taiwan’s stock exchange, increasingly hemmed in by rules that favour local investors, is taking steps this year to make investment in the island’s public companies more attractive for offshore funds. Market operator the Taiwan Stock Exchange would lift quotas on

Posted in General Issues

Boards Behaving Badly

Taking on a directorship is synonymous with taking on a raft of responsibilities and duties. It is perhaps unsurprising therefore that many directors have the propensity to misbehave. This misbehaviour can present itself in more ways than one and ranges

Posted in General Issues

Why the World is Crazy About Sustainability

Personal effectiveness advocate and author of “The 7 Habits of Highly Effective People,” the late Steven Covey, defined success as “achieving your goals in such a way that you can keep achieving your goals.” In other words, true success is

Posted in General Issues

Dubai Named The Most Sustainable City In The Region

Dubai has been named the most sustainable city in the region, according to the Sustainable Cities Index developed by the build asset consultancy firm Arcadis. Regionally, Abu Dhabi and Doha ranked second and third in the index respectively. The index

Posted in General Issues

SEC to release scorecard for quoted companies

The Securities and Exchange Commission (SEC) is set to release a landmark Corporate Governance Scorecard for listed companies in the country. According to Mr. Mounir Gwarzo, the Acting Director General of SEC who hosted members of the Institute of Directors

Posted in General Issues

Shareholder Value and CSR: Friends or Foes?

There is little question that corporate social responsibility (CSR) and sustainability are of growing interest to businesses and investors. In 2011, just under 20% of S&P 500 companies published a sustainability or CSR report. By 2013, just two years later,

Posted in General Issues

How can co-operatives get governance right?

A conference, Is mutuality the answer to the ownerless corporation?, organised by the London Business School, looked at the role of governance and ownership in business. Paul Coombes, chair of LBS’s Centre for Corporate Governance, said: “This is about what

Posted in General Issues

‘Accountability is must for corporate governance’

Corporate governance is nothing but ensuring that a firm runs on sound lines through adoption of fair and ethical practices, besides assuring investors of good returns, said Krishna University Vice-Chancellor V Venkaiah on Tuesday. Speaking at  the inaugural session of

Posted in General Issues

Michael Irene: So-ludo and his double six gambit

One of the roles of political criticism involves the ability to critically probe government policies and politicians within a particular context. To elaborate further, it requires a critical capacity to engage with issues, and more importantly, proffer solutions, if any,

Posted in General Issues

Google takes top spot for best corporate social responsibility reputation

Google has taken top spot for best corporate social responsibility reputation in 2014, toppling Microsoft, which enjoyed pole position in 2012 and 2013, according to the Reputation Institute’s 2014 CSR RepTrak ranking. Microsoft, Walt Disney and BMW came in second,

Posted in General Issues

‘Youth lens’ brings development challenges into sharper focus at UN forum

The emerging United Nations-led sustainability agenda, to be crafted around a set of sustainable development goals, must be inspired by and inspiring for the world’s young people, the President of the UN Economic and Social Council (ECOSOC) said on Tuesday

Posted in General Issues

Seychelles emerges as a valuable case study for creating green jobs in Africa

A sustainability expert in the Seychelles says that the 115-island archipelago situated off the eastern coast of Africa can be considered as a source for case studies on sustainable development and the creation of ‘green jobs’ in Africa. Emanuele de

Posted in General Issues

Institutional Investors Increasingly Seek SRI

Socially responsible investing (SRI) mandates are gaining popularity among institutional investors, according to Cerulli Associates research. More than 50% of institutional asset managers have recently received client requests for socially responsible investing (SRI) or environmental, social, governance (ESG) mandates, Cerulli

Posted in General Issues

Kindle Book on Independent Directors now available for free download at Amazon

In a recent article, it was indicated that plans are being concluded to make the Kindle book titled, Independent Directors: 111 Frequently Asked Questions Aptly Answered, available for FREE download at the Amazon website. This arrangement has been concluded and

Posted in Business, Corporate Governance, Law

New SGX guide on corporate governance

The Singapore Exchange (SGX) is providing more information to companies and investors in a new and comprehensive disclosure guide released yesterday. It tackles specific principles and gives guidelines on corporate governance in a question-and- answer format. SGX said firms are

Posted in General Issues

Expertise the key for independent directors

We have become spectators of ongoing sagas in corporate governance having gone wrong. Examples abound, the latest of which involve the very institutional investors who are supposed to promote corporate governance through responsible investing practices who seem to be flouting

Posted in General Issues

Amazon to Power Data Centers With Renewable Energy

For years, Amazon has received criticism of its environmental policies. In 2012, an article published in the Guardian pointed out that Amazon hadn’t published a sustainability report. Try looking for one on Amazon’s website, and you still can’t find it. However,

Posted in General Issues

Can We 3D Print our Way to Sustainability?

Someday soon, home may be where the recycling happens. If Dr. Joshua Pearce has his way, that is. Pearce has spent his career investigating how technology can address the pressing global issues of sustainability and poverty. Last year, he and

Posted in General Issues

​Indian firms need to broaden corporate responsibility vision: Report

Indian companies need to move from corporate social responsibility by adopting a broader vision of corporate responsibility​. This can be done by combining commercial, social and environmental goals ​while improving competitiveness, says a report by global consultancy major Accenture and

Posted in General Issues

ADB lends $20m to Pakistan for corporate governance, privatisation programme

The Asian Development Bank will provide $20 million in loans to help Pakistan improve corporate governance, technical capacity and regulatory framework of the country’s privatization program, the bank said on Tuesday. ”The project will finance management, and financial consulting services

Posted in General Issues

5 Ways to Make Sustainability Reporting More Sustainable

Is sustainability reporting sustainable? There are some that think it is. The practice is now more widespread than ever before, and legislation in different parts of the world is supporting increased non-financial disclosure. This would indicate that reporting is here to

Posted in General Issues

Sustainability Ranking for Large Companies Announced at World Economic Forum

Framing the perfectly sustainable company has always been a challenge, but never one that Toronto-based Corporate Knights has shied away from. The well-known media and financial products company released its eighth annual tally of the top 100 multi-billion-dollar companies this

Posted in General Issues

The impact of corporate social responsibility on organisational stability

Corporate social responsibility is the concept that a business needs to be concerned with more than just profit. Protecting the environment is one aspect of social responsibility; another is making an effort to address social problems such as poverty and

Posted in General Issues

Why We Sacked Former Excutive Management, By UnityKapital Assurance

The Chairman of UnityKapital Assurance Plc, Henry James Semenitari, has given reasons why the company sacked former Managing Director , Kins Ekebuike and John Abu Oyidih , erstwhile Executive Director , Finance and Administration. In a statement endorsed by the

Posted in General Issues

Malaysian company rules hailed

Malaysia’s laws on corporate governance fare far better than generally perceived, according to a report by Icliff Leadership and Governance Centre, an international centre of excellence. Associate professor Chris Bennet, who co-wrote the report, said: “There is an external perception

Posted in General Issues

Frequently Asked Questions on Independent Directors

In modern times, independent directors seem to hold all the aces as far as the institutionalisation of the tenets of good corporate governance in companies is concerned. The increasing prominence given to independent directors in contemporary corporate governance codes bears

Posted in Business, Corporate Governance

Practise what you preach – especially if you’re working for a regulator

It’s an old saying, but you really must practise what you preach. And this is especially important when you work for a regulator of any sort. Having taken up the position of deputy chairman at Quindell this month, Jim Sutcliffe

Posted in General Issues

Refreshment is new boardroom buzzword

Until recently, the discussion around corporate governance centered largely on board diversity. This appeared to refer mostly to gender balance, although analysts were always careful to say it also referred to ethnic mix and appropriate skillsets. The argument has moved

Posted in General Issues

Ecobank Ordered to Pay $15m to Former CEO

An Ivory Coast commercial court has ordered Ecobank Transnational Incorporated (ETI) to pay $15 million as damages to its former chief executive, Thierry Tanoh, who was dismissed last year amid allegations of poor governance, his lawyer said at the weekend.

Posted in General Issues

Vodafone Exercises Social Responsibility, Enlists Women Engineers

Vodafone Ghana Limited has commended and rewarded five female students from the Kwame Nkrumah University of Science and Technology (KNUST) and Ghana Technology University College (GTUC) for their courage to pursue engineering courses. The academic user fees for the five

Posted in General Issues

Institutional investors making renewables key future trend, report shows

Institutional investors are increasingly aligning their investments with energy technologies of the future, a new report claims. According to the 2015 ESG Trends to Watch, from MSCI’s global head of ESG research Linda-Eling Lee, investors have begun to scrutinise the

Posted in General Issues

Questions to ask when joining a board

Boards now face having to juggle operational responsibilities with the need for ensuring proper corporate governance across their organisations. And business must be conducted under conditions of far greater scrutiny, while also demonstrating improved transparency and openness. All this is

Posted in General Issues

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