Governance

Two more firms fire KPMG as corporate South Africa weighs links with auditor

JOHANNESBURG (Reuters) - A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma.<p>Sasfin and Hulisani, both relatively small …

South Africa

KPMG cleared over HBOS audit

The UK’s accounting watchdog has cleared KPMG over its audit of HBOS, saying that the accountancy firm could not have anticipated the chain of events …

KPMG

Peltz's Trian may win GE board seat, amid possible large restructuring of industrial giant

General Electric, is nearing a decision on whether to grant a board seat to Nelson’s Peltz’s Trian Fund Management, a move that signal that the company is contemplating a more radical downsizing of the conglomerate than previously disclosed, FOX Business has learned.<p>The decision by GE’s board of …

Procter & Gamble

Ubiquiti's Skimpy Board Is Poor Practice - Bloomberg Gadfly

What's the optimal number of board members for a public company?<p>That question may be on the minds of investors in Ubiquiti Networks Inc., which on …

Sasfin drops KPMG after 18 years over Gupta and SARS saga

Cape Town – Sasfin on Tuesday announced that it has dropped KPMG as its JSE sponsor as well as its auditor after 18 years over concerns over good …

FinTech

Mistry Rings Alarm Bell As Tata Sons Moves Towards Tata Sons Private Limited

Mistry family-promoted firm Cyrus Investments Pvt Ltd on Monday asked directors of different Tata group firms, including Tata Steel, Tata Motors and …

India

Shell companies: Govt makes names of 55,000 directors public

Intensifying its crackdown on shell companies and their operators, the government has made public names of over 55,000 directors linked to such firms …

Business (India)

One Thing Still Protected at Equifax Is Pay - Bloomberg Gadfly

The giant Equifax data breach shows once again that the talons on corporate clawback policies remain tiny.<p>Equifax disclosed earlier this month that a …

Business

Nigeria: Buhari - to Reset Nigeria for Greatness, Corruption Must Completely End

Corruption cartoon<p>Abuja — For Nigeria to achieve some greatness in all facets of her national life, all her citizens and institutions must be willing …

Nigeria

Microsoft hikes quarterly dividend, announces changes to board of directors

Microsoft Corp. MSFT, +0.37% announced Tuesday that it is increasing its quarterly dividend to 42 cents per share, or 7.6% compared with the year-earlier quarter. The dividend is payable Dec. 14, 2017 to shareholders of record on Nov. 16, 2017. The ex-dividend date will be Nov. 15, 2017. In …

Stocks

U.S. Hedge Fund Aristeia Capital Is Seeking Seats on the Board of China’s Sina Corp

U.S. hedge fund Aristeia Capital LLC proposed late on Monday to add two directors to the board of Sina Corp (sina), to push for corporate governance …

China

Is Narayan Murthy responsible for the Infosys crisis?

The Infosys saga shows how efforts to remote-control a company by its powerful promoter, even with good intentions, might hurt the entity, says Asish …

Lessons from Mauritius on making companies more accountable

<i>Jyoti Devi | Eastern Institute of Technology and Teerooven Soobaroyen | University of Essex</i><p>Since the turn of the century, developing countries have …

Corporate Governance

BRIEF-Luigi Nardella joins Canadian Metals board of directors

Sept 19 (Reuters) - Canadian Metals Inc CME.CD<p>* Luigi Nardella, P.T., C.Q.S joins Canadian Metals board of directors

Ingredion CEO Ilene Gordon is latest Chicago-area female CEO to leave post

Ingredion CEO Ilene Gordon will retire from the company next year, further thinning the ranks of top female executives in the Chicago area.<p>Gordon will conclude an eight-plus-year run in which she realigned the Westchester-based global ingredients company with changing consumer tastes and positioned …

Business

Why the new BEAR rules for banks need a rethink

by John HC Colvin<p>We are likely to soon see the details of the Banking Executive Accountability Regime (BEAR) following a short consultation period. …

Australian News

Vanguard asks passive investors to pay attention for proxy vote

BOSTON (Reuters) - Vanguard Group needs its hands-off investor base to pay attention.<p>On Nov. 15 the world's largest mutual fund company will stage …

Stock Markets

election | The Network | The Network

<b>SAN JOSE, California, Sept. 18, 2017</b> - Cisco today announced that Executive Chairman John Chambers has notified the Cisco Board of Directors that he will not stand for re-election to the board of directors in December. The Board plans to appoint Cisco CEO Chuck Robbins to serve as chairman when …

Cisco Systems

Inside the MPAA, Netflix & Amazon Global Anti-Piracy Alliance

The idea of collaboration in the anti-piracy arena isn’t new but an announcement this summer heralded what is destined to become the largest project …

Movies

Millions go to board members of Lexington’s farmland conservation program

Six current or former members of a board that oversees a Fayette County farmland preservation program have received millions from the program, …

Lexington

Pepsi CFO joins Microsoft board, replaced on Twitter board by former Google CFO

Hugh Johnston, the PepsiCo vice chairman and chief financial officer, has joined Microsoft’s board of directors and left the Twitter board after a …

Science

Top U.S. funds took slightly tougher stand on pay, review finds

BOSTON (Reuters) - Top U.S. asset managers took a slightly tougher line on executive pay in the advisory votes they cast at S&P 500 companies this …

Stock Markets

Women make up under a fifth of senior executive positions in UK financial services

While Britain's biggest banks have been making strides on improving gender diversity in senior positions, many smaller financial services firms are …

FinTech

Sebi board to take stock of suspected shell cos on Monday

<b>New Delhi:</b> Markets regulator Sebi will update its board on Monday on action being taken against suspected shell companies allegedly abetting routing …

Business (India)

eNCA | EFF wants former KPMG directors struck off Chartered Accountants roll

"KPMG, as auditors, have been at the centre aiding the Gupta family and their associate's companies in their syndicate to loot state resources for …

News (South Africa)

High-ranking Celtic fan who says SFA got it right over Rangers

Hughes, an operating executive at APAX Partners, an equity and venture capital firm which specialises in things like due diligence and organisational …

Scottish Football

I've Incorporated a New Company - What Are the Next Steps?

This outline of incorporation procedures is for those who have newly incorporated a company in Canada. It answers the question, “What are the next …

Small Business

USA Swimming to Implement Sweeping Changes to Governance Structure

USA Swimming House of Delegates also approved the addition of two new membership categories, including a junior coach membership and a flexible, or …

Swimming

Study: Delaware losing edge as leading corporate litigation

A recent study has found that Delaware is losing its status as a leading state for corporate litigation.<p>For the last 15 years, an affiliate of the …

Business

Report: Board Directors Speak Out About Their Expectations, Responsibilities

NEW YORK, Sept. 15, 2017 /PRNewswire/ -- Today, The Conference Board's Governance Center released a report that details what corporate board directors believe their role entails. In the report, <i>Just What is the Corporate Director's Job? Directors' Perspectives on the Board Member's Job Description</i><i>,</i> …