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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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Going beyond profits

The Indian Companies Act, 2013, under Section 135 and Schedule VII read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, mandates every company, private limited or public limited, which has a networth of Rs 500 crore or a turnover

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Protecting the Rights of Children Should Be Integral to Every CSR Strategy

Consideration of the rights of children should be integral to any Corporate Social Responsibility (“CSR”) strategy or policy. Traditionally, companies have focused on reducing and eliminating the use of child labor in their supply chains as a means of protecting the rights of

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Abu Dhabi to host solar car competition

Abu Dhabi is set to host Middle East’s first competitive solar car competition this week, welcoming students from across the world for the Abu Dhabi Solar Challenge, ADSC. The first event of its kind to be sanctioned in the region

Posted in General Issues

EY Center for Board Matters Highlights Top Priorities for Corporate Boards in 2015

According to the EY Center for Board Matters, the Top Corporate Board Priorities in 2015 include: Board composition and turnover.  Through conversations with about 50 institutional investors in 2014, EY Center for Board Matters learned that board composition and renewal

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When a Company Actually Cares

Over the past decade, a growing trend has been quietly revolutionizing corporate culture in Canada. It is characterized by various buzzwords: corporate social engagement, community investment, creating shared value, etc. Put simply, it is the mysterious magic that happens when

Posted in General Issues

Vanguard to offer more detail on corporate governance voting

Vanguard Group Inc plans to publish new details about how it voted at annual shareholder meetings, in a move likely to raise the heat on some of the nation’s top companies. Vanguard, which has $3 trillion of assets under management,

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Samsung corporate governance stocks on a rollercoaster ride…The Samsung …

The stock prices of Samsung SDS and Cheil Industries, which attracted public attention as beneficiaries of Samsung corporate governance shake-up and successfully debuted on the bourse, got lost in 2015. They kept going up and down, and now there are

Posted in General Issues

Activist shareholders seek big changes at Forestar Group

Two activist investment groups have sent an open letter to management of Forestar Group Inc. seeking changes in the company’s strategy and corporate governance. SpringOwl Asset Management LLC and Cove Street Capital LLC, along with several affiliated parties, collectively own

Posted in General Issues

Tussle for Sheraton Hotels Splits Ibru Family

Tussle for ownership of the Sheraton Lagos Hotel and Towers and its parent company, Ikeja Hotels Plc, on Tuesday deepened, as the Ibru family members were pitched against each other in a supremacy battle. As one group led by Maiden

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Non-management directors at Korean Air and Hyundai Motor never exercise veto

Non-management directors at Korean Air and Hyundai Motor Group never issued a veto on any issues over the past five years. According to the FSS electronic declaration system on the 7th,the board of directors is partially blamed for Korea’s ‘Owner

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Business in a Changing World

The business of doing business, by which I mean transforming resources into products and services in the most efficient and sustainable way, has never been more challenging, yet at the same time, the opportunities have never been greater. The transformative

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An Unusual Boardroom Battle, in Academia

A normally academic question about corporate governance has erupted into a nasty, often personal battle among elite professors, regulators and white-shoe lawyers that has raised the suggestion of securities fraud on one side and abuse of authority on the other.

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Making CSR work

Now that corporate social responsibility (CSR) has acquired a statutory mandate, an activity that was hitherto informal and voluntary has become a formal imperative for some companies. The fact that CSR now has legal sanction suggests that many more companies,

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True test for sustainability

As we have just entered 2015, there must surely be consensual agreement that the true test for any government, entity or business is whether it is contributing to a just and sustainable world and a fairer society by using all

Posted in General Issues

Hong Kong Billionaires’ Mom Controlled Family Wealth

Mother knows best when it comes to running the world’s second-largest real estate company. That’s one conclusion from the graft trial of Hong Kong’s billionaire Kwok brothers, which ended today with Thomas Kwok jailed for five years for corrupting Rafael

Posted in General Issues

Seven Energy boosts teaching, learning in host community

Seven Energy International Limited (“Seven Energy”), the indigenous Nigerian oil and gas development, production and gas distribution company continues to demonstrate its commitment to supporting the developmental aspirations of its host communities in order to foster mutually beneficial relationships. As a

Posted in General Issues

Sustainability requires that we learn to embrace change, not fight it

Limits to growth are a fundamental and widely accepted principle of sustainability. You might even call them the first law of sustainability. Nevertheless, as ecological economist Richard Norgaard first noted, limits make a terrible metaphor for sustainability. They don’t inspire vision;

Posted in General Issues

Tesco accounts face fresh inquiry

The Financial Reporting Council (FRC) has announced an inquiry into Tesco’s accounts for 2012, 2013 and 2014. The FRC is an independent disciplinary body for UK accountants and actuaries. The FRC’s investigation will include business services giant PwC’s auditing and

Posted in General Issues

Differing views on risk, board diversity and director replacement

PwC study shows 73 percent of investors see CEOs as ‘very influential’ on executive pay, compared with 9 percent of directors Investors and directors differ sharply in views on impediments to gender diversity and replacing underperforming directors as well as

Posted in General Issues

Corporate Governance Watchdog to Examine Barclays’ Auditor

A British corporate governance watchdog said on Monday that it had begun an investigation into the accounting firm PricewaterhouseCoopers’ auditing of Barclays after the British bank was fined this year for failing to properly segregate billions of pounds in client

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It’s a Reality, Roles of Company Secretaries Are Expanding

AS effective, strong corporate governance continues to be essential for sustainable development, not only for individual companies, but also for the economy as a whole, the role of the company secretary has received increased attention in Tanzania, not least due

Posted in General Issues

Attorney General Holder Statement on Assassination of Two New York City Police Officers in Line of Duty

Attorney General Eric Holder released the following statement Saturday regarding the fatal shootings of two New York City police officers: “I condemn this afternoon’s senseless shooting of two New York City police officers in the strongest possible terms. This was an

Posted in General Issues

Companies in India Spent $34B on Green IT and Sustainability in 2014

Companies in India are becoming increasingly conscious of the global trends in corporate sustainability and are willing to integrate environmental and social concerns into their strategic business plans. Indian businesses are slowly but surely going beyond viewing CSR as only

Posted in General Issues

Listed firms too slow in complying with governance code

Listed companies are being far too slow in complying with the revised Code of Corporate Governance, according to a new survey. For instance, the code requires companies to appoint an independent chairman or ensure that independent directors make up at

Posted in General Issues

The iMustHaves sub-domain is now live!

The iMustHaves sub-domain of The Corporate Prof. website is now live. Check it out!

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Happy New Year to all of you!!!

It is a brand new year; a year that will be for all the registered users, readers, visitors, and/or subscribers to The Corporate Prof. website a truly remarkable one.

Posted in General Issues

Women on Boards: Interesting FTSE 100 and FTSE 250 statistics

There are some interesting developments regarding women on boards on FTSE 100 and FTSE 250 companies since February 2011 when Lord Davies issued the Women on Boards report. According to a recent report by Professional Boards Forum BoardsWatch, there has been

Posted in Corporate Governance Tagged with: , ,

TCP’s iTitbits for 7th October is now out.

Some legal issues dealt with include: Illegal immigrants allowed to practice law in California Legal loophole closed to prosecute persistent fuel thieves Nestlé wins as Cadbury fails to trademark use of purple colour Spain’s biggest corruption trial ends with 53

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TCP’s iTitbits – 20131004 is out.

Get the iTitbits on Corporate Governance, Law, Business, Education, and Technology, for 4th October 2013.

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Congratulations Nigeria! Congratulations The Corporate Prof.!!

Two new extensions for The Corporate Prof. website.

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A Transformation Agenda for The Corporate Prof.

We are transforming The Corporate Prof. website to a network of sites. Consequently, a couple of extensions of The Corporate Prof. are billed for public release between now and the end of the year. However, before the extensions go live

Posted in General Issues

Dividends and Bonus Issues Watch 2013 [updated]

Note: The Table below contains dividends and bonus issues announced in 2013 by different companies listed on the Nigerian Stock Exchange. Company Dividend Bonus Closure Date Payment Date Interim Final 7-Up Bottling Co. Plc 2.20 19 – 30 August 2013

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General Meetings Watch 2013 (All-Year) – [updated]

Note: In the Table below, the names of the companies whose general meetings are captured are stated in alphabetical order. The report contains the information on the general meetings of companies listed on the Nigerian Stock Exchange for 2013 (on

Posted in General Issues, News and Events Tagged with: , , , ,

General Meetings Watch 2013 (Monthly) – [updated]

Note: This report contains information on the general meetings of companies listed on the Nigerian Stock Exchange for 2013 (on monthly basis). Thus, in the Table below, the names of the companies whose general meetings are captured are grouped according

Posted in General Issues, News and Events Tagged with: , , , ,

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