Monthly Archives: January 2015

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

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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

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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

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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

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