Tag #Corporate Governance

Showing 181 to 192 of 264 results

theguardian.com

🌐 85% Global Worthiness

Feb 10, 10:08

Star Executives Accused of Prioritizing Profit Over Anti-Money Laundering Compliance

Former executives at The Star Entertainment Group face legal action from the Australian Securities and Investments Commission (ASIC) for allegedly prioritizing profit over risk management, ignoring evidence of money laundering linked to criminal activity at their Sydney, Brisbane and Gold Coast casi...

Star Executives Accused of Prioritizing Profit Over Anti-Money Laundering Compliance

Former executives at The Star Entertainment Group face legal action from the Australian Securities and Investments Commission (ASIC) for allegedly prioritizing profit over risk management, ignoring evidence of money laundering linked to criminal activity at their Sydney, Brisbane and Gold Coast casi...

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What specific actions by The Star's executives demonstrate a prioritization of profit over compliance with anti-money laundering regulations?

The Star Entertainment Group's former executives are accused of prioritizing profits over risk management, failing to act on blatant signs of money laundering by junket operators linked to organized crime. This involved ignoring suspicious activities like cash delivered in eskies and staff hiding from CCTV cameras at their Sydney casino, Salon 95. The Australian Securities and Investments Commission (ASIC) alleges these actions breached their legal and regulatory obligations.

theguardian.com

🌐 85% Global Worthiness

Feb 8, 19:10

Thames Water Faces £18.2m Penalty for Unjustified Dividends Amidst Conflict of Interest Concerns

Thames Water, facing bankruptcy, paid £195.8 million in dividends, resulting in an £18.2 million penalty from Ofwat due to a suspected conflict of interest involving chair Sir Adrian Montague, who held positions at both Thames Water and its parent company; government officials raised concerns prior ...

Thames Water Faces £18.2m Penalty for Unjustified Dividends Amidst Conflict of Interest Concerns

Thames Water, facing bankruptcy, paid £195.8 million in dividends, resulting in an £18.2 million penalty from Ofwat due to a suspected conflict of interest involving chair Sir Adrian Montague, who held positions at both Thames Water and its parent company; government officials raised concerns prior ...

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Clean Water and Sanitation

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What were the immediate consequences of Thames Water's dividend payments given its precarious financial state?

Thames Water, facing bankruptcy and massive debt, made unjustified dividend payments totaling £195.8 million. This led to an £18.2 million penalty from Ofwat and raised concerns about a conflict of interest involving the chair, Sir Adrian Montague, who simultaneously held positions at Thames Water and its parent company. The payments, made despite the company's financial distress, prompted scrutiny of its governance.

forbes.com

🌐 85% Global Worthiness

Feb 5, 22:13

Corporate Boards Must Proactively Address Evolving Ransomware Threats

The increasing sophistication of ransomware attacks necessitates proactive board engagement, including establishing clear ransom payment policies, scrutinizing insurance coverage, and building long-term resilience strategies, as 74% of organizations experienced multiple attacks in 2024, according to...

Corporate Boards Must Proactively Address Evolving Ransomware Threats

The increasing sophistication of ransomware attacks necessitates proactive board engagement, including establishing clear ransom payment policies, scrutinizing insurance coverage, and building long-term resilience strategies, as 74% of organizations experienced multiple attacks in 2024, according to...

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Peace, Justice, and Strong Institutions

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What are the long-term strategic implications of insufficient board engagement in cybersecurity, considering the evolving threat landscape of ransomware?

Future success in combating ransomware hinges on boards fostering a culture of cybersecurity awareness and accountability. This includes regular cybersecurity tabletop exercises, collaboration with law enforcement (FBI, CISA, Secret Service), and leveraging internal and external expertise to address vulnerabilities and build resilience against increasingly sophisticated attacks. Organizations must shift from solely relying on insurance to prioritizing long-term resilience strategies.

dailymail.co.uk

🌐 75% Global Worthiness

Feb 4, 16:11

Saba's Takeover Bids Rejected by Two More Investment Trusts

Shareholders of Henderson Opportunities and CQS Natural Resources Growth and Income investment trusts overwhelmingly rejected Saba Capital Management's takeover bids on January 26, 2024, marking Saba's fourth and fifth consecutive defeat in its attempt to consolidate London-listed investment trusts,...

Saba's Takeover Bids Rejected by Two More Investment Trusts

Shareholders of Henderson Opportunities and CQS Natural Resources Growth and Income investment trusts overwhelmingly rejected Saba Capital Management's takeover bids on January 26, 2024, marking Saba's fourth and fifth consecutive defeat in its attempt to consolidate London-listed investment trusts,...

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Why are shareholders of the targeted investment trusts rejecting Saba's takeover proposals?

Saba's strategy involves acquiring underperforming investment trusts, aiming to merge them into a new entity. However, shareholders of the targeted trusts consistently reject these proposals, prioritizing their existing management and investment strategies. This pattern suggests a significant resistance to Saba's approach within the investment trust sector.

thetimes.com

🌐 75% Global Worthiness

Feb 2, 04:07

UK Audit Reform Bill Scaled Back Amidst Business Lobbying

The UK government is revising its audit reform bill, limiting a new watchdog's (Arga) power to investigate company audits and hold directors accountable only for the most egregious financial reporting failures, following lobbying efforts from businesses concerned about overly punitive measures.

UK Audit Reform Bill Scaled Back Amidst Business Lobbying

The UK government is revising its audit reform bill, limiting a new watchdog's (Arga) power to investigate company audits and hold directors accountable only for the most egregious financial reporting failures, following lobbying efforts from businesses concerned about overly punitive measures.

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How are business lobbying efforts and the Chancellor's emphasis on growth influencing the final form of the audit reform bill?

The revised bill reflects a shift in government thinking toward a more "balanced" approach, weighing the need for accountability against the potential burden on businesses. This follows Chancellor Rachel Reeves' call for regulators to prioritize growth, suggesting that concerns about excessive regulation and potential liability are influencing the final legislation. The changes might affect the effectiveness of the reform in preventing future corporate collapses.

kathimerini.gr

🌐 75% Global Worthiness

Jan 30, 19:10

JP Morgan Loses Viva Wallet Buyout Bid in British Court Ruling

A British court ruled against JP Morgan's call option to acquire Haris Karonis' stake in Viva Wallet, ending the possibility of a forced buyout, despite both parties claiming victory; the ruling is part of extensive ongoing litigation with a valuation difference exceeding €1.5 billion.

JP Morgan Loses Viva Wallet Buyout Bid in British Court Ruling

A British court ruled against JP Morgan's call option to acquire Haris Karonis' stake in Viva Wallet, ending the possibility of a forced buyout, despite both parties claiming victory; the ruling is part of extensive ongoing litigation with a valuation difference exceeding €1.5 billion.

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Decent Work and Economic Growth

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What is the immediate impact of the British court's decision on JP Morgan's attempt to acquire Haris Karonis' stake in Viva Wallet?

A British court ruled that JP Morgan lost its right to exercise a call option to buy out Haris Karonis' stake in Viva Wallet, effectively ending the possibility of a forced acquisition. Both JP Morgan and Karonis' WeRealize claim victory, highlighting the contrasting interpretations of the ruling. This decision is part of ongoing litigation between the two parties.

elpais.com

🌐 85% Global Worthiness

Feb 9, 10:11

Trump Administration Prioritizes Business Interests, Raising Concerns About Democratic Accountability

The Trump administration's prioritization of business leaders in government, evident in the presence of major tech and finance CEOs at the inauguration, raises concerns about conflicts of interest and the potential erosion of democratic accountability, mirroring historical parallels where corporate ...

Trump Administration Prioritizes Business Interests, Raising Concerns About Democratic Accountability

The Trump administration's prioritization of business leaders in government, evident in the presence of major tech and finance CEOs at the inauguration, raises concerns about conflicts of interest and the potential erosion of democratic accountability, mirroring historical parallels where corporate ...

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What potential long-term economic and social consequences could arise from the unchecked expansion of corporate power in government?

The increasing influence of private companies on government policies, as seen in the Trump administration, may lead to deregulation and weakened protections for citizens. This trend, if unchecked, could exacerbate existing inequalities and threaten long-term economic and social stability, necessitating stronger checks and balances on corporate power.

faz.net

🌐 85% Global Worthiness

Feb 6, 19:08

German CEOs Urge Growth Agenda Ahead of Election

Three leading German CEOs, Busch (Siemens), Källenius (Mercedes), and Sewing (Deutsche Bank), presented a joint reform agenda for the incoming German government, emphasizing a clear growth strategy, including technology openness, infrastructure investment, addressing skilled labor shortages through ...

German CEOs Urge Growth Agenda Ahead of Election

Three leading German CEOs, Busch (Siemens), Källenius (Mercedes), and Sewing (Deutsche Bank), presented a joint reform agenda for the incoming German government, emphasizing a clear growth strategy, including technology openness, infrastructure investment, addressing skilled labor shortages through ...

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Decent Work and Economic Growth

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How do the CEOs' recommendations for reducing bureaucracy and increasing immigration relate to broader European trends and challenges?

The CEOs' statement reflects a growing concern among German business leaders about the country's economic competitiveness and social cohesion. Their call for reduced bureaucracy, lower energy prices, and targeted immigration aims to address structural challenges hindering growth. The emphasis on a strong defense budget, mirroring the success of Silicon Valley, underscores the perceived link between defense spending and technological innovation.

theglobeandmail.com

🌐 75% Global Worthiness

Feb 4, 16:11

KKR Raises Fuji Soft Bid in Heated Takeover Battle

KKR increased its bid for Fuji Soft to 9,850 yen per share, surpassing Bain Capital's offer in a competitive takeover battle highlighting increased global investment in Japan.

KKR Raises Fuji Soft Bid in Heated Takeover Battle

KKR increased its bid for Fuji Soft to 9,850 yen per share, surpassing Bain Capital's offer in a competitive takeover battle highlighting increased global investment in Japan.

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What is the immediate impact of KKR's increased bid on Fuji Soft and the Japanese M&A market?

KKR raised its offer for Fuji Soft to $63.44 per share, exceeding Bain Capital's offer. This bidding war highlights increased competition for Japanese companies with undervalued assets.

dailymail.co.uk

🌐 75% Global Worthiness

Feb 4, 16:11

YouGov CEO Resigns Amid Activist Investor Pressure

YouGov CEO Steve Hatch resigned on Tuesday after pressure from activist investor Gatemore Capital, who cited management missteps and a 70 percent share price decline over the last year. Co-founder Stephen Shakespeare will serve as interim CEO while YouGov seeks a buyer.

YouGov CEO Resigns Amid Activist Investor Pressure

YouGov CEO Steve Hatch resigned on Tuesday after pressure from activist investor Gatemore Capital, who cited management missteps and a 70 percent share price decline over the last year. Co-founder Stephen Shakespeare will serve as interim CEO while YouGov seeks a buyer.

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What underlying issues contributed to Gatemore Capital's campaign and the resulting CEO change?

Gatemore's campaign highlights broader issues of shareholder activism and corporate governance in the UK. The firm's actions, targeting multiple companies, suggest a trend of investors seeking more aggressive action to improve company performance and share price. YouGov's significant share price drop, despite a busy election schedule, underscores the challenges facing the data analytics sector.

repubblica.it

🌐 85% Global Worthiness

Jan 31, 04:09

Generali's Donnet Unveils €7 Billion Dividend Plan Amidst Shareholder Conflict

Generali CEO Philippe Donnet announced a €7 billion dividend and €1.5 billion buyback plan for 2025-2027, amidst opposition from major shareholders Francesco Gaetano Caltagirone and Delfin who hold 17% of Generali and nearly 28% of Mediobanca, regarding a joint venture with Natixis, creating tension...

Generali's Donnet Unveils €7 Billion Dividend Plan Amidst Shareholder Conflict

Generali CEO Philippe Donnet announced a €7 billion dividend and €1.5 billion buyback plan for 2025-2027, amidst opposition from major shareholders Francesco Gaetano Caltagirone and Delfin who hold 17% of Generali and nearly 28% of Mediobanca, regarding a joint venture with Natixis, creating tension...

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Decent Work and Economic Growth

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What is the immediate impact of Generali's new strategic plan on shareholder returns and market valuation?

Generali's CEO, Philippe Donnet, announced a plan for €7 billion in dividends and €1.5 billion in buybacks over the next three years. This plan, well-received by the market, aims to create value and increase shareholder distributions. The company's stock price rose 1.13% following the announcement.

forbes.com

🌐 85% Global Worthiness

Jan 29, 22:11

Costco Faces Legal Challenge Over DEI Programs

Nineteen state attorneys general sent Costco a letter demanding they end their DEI programs, following Costco's shareholder vote to maintain them, creating a legal battle over the future of corporate DEI initiatives.

Costco Faces Legal Challenge Over DEI Programs

Nineteen state attorneys general sent Costco a letter demanding they end their DEI programs, following Costco's shareholder vote to maintain them, creating a legal battle over the future of corporate DEI initiatives.

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What are the immediate implications of 19 state attorneys general challenging Costco's DEI initiatives?

Following President Trump's January 2025 executive order against DEI initiatives, Costco publicly resisted pressure to end its DEI programs, resulting in a letter from 19 state attorneys general warning them to cease these efforts.

Showing 181 to 192 of 264 results