Monthly Archives: December 2014

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

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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

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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;

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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

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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

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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

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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

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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

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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

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