S&P report on the Gulf Corporate Governance

By: Nicolas Parasie, The Wall Street Journal According to the latest report by S&P corporate governance among Gulf companies is weak and improving it will be a slow process. Only 2 or 6.3%, of the 32 companies in the Gulf Cooperation Council (GCC) region that S&P rates have earned “strong” management and governance points. That […]

Activist Investor Carl Icahn pushes for Apple buyback

By FT.com Activist investor Carl Icahn stepped up his campaign for Apple to return cash to investors, saying he had made the case to Tim Cook, the chief executive, for a $150bn buyback. Shares in Apple rose 2.2 per cent to $487.12 on Tuesday, as Mr Icahn tweeted and appeared on cable television to press his argument. Based on the $150bn […]

AmBank recognised as one of Asia’s outstanding companies for corporate governance

According to the Sun Daily, AmBank Group was named “Asia’s Outstanding Company” at the recent Ninth Corporate Governance Asia Recognition Awards 2013 held in Manila, the Philippines. Corporate Governance Asia is a Hong Kong-based quarterly journal featuring news and analysis on corporate governance issues, boardroom performance and shareholder activism. “We are honoured to be recognised […]

JPMorgan agreed to pay $920M to Settle London Whale Probes

By Bloomberg.com JP Morgan agreed to pay $920 million in penalties and admitted violating securities laws last year as top managers withheld information from the board. Senior executives had evidence by late April 2012 that traders in the chief investment office in London were pricing a derivatives portfolio in a way that reduced reported losses, […]

ERM – Enterprise Risk Management: Not a one-size fits all programme

Dan Baldwin from Leggett & Platt discusses the importance and complexity of managing ERM in an organisation.  ERM – The Art and Science of Enterprise Risk Management (…) Risk is a big part of life and business. If you take no risks, you limit your potential for success. If you take too much risk, you may […]

Operational risk and regulation

Impact of Basel III and Dodd-Frank Act A survey conducted by Chartis Research has revealed that capital adequacy requirements linked to Basel III and the Dodd-Frank Act are expected to be leading sources of regulatory and operational risk management pressures in the immediate future.  The survey which took opinions from financial organisations across the globe […]

ABI steps up to the Corporate Governance mark

The Association of British Insurers (ABI) has published a report on “Improving Corporate Governance and Shareholder Engagement.”  The report looks critically at all of the roles and responsibilities within corporate governance including the relationship between asset owners and asset managers, the role of non-executive directors and the way in which institutional investors take companies to […]

Shining the spotlight on Corporate Governance

IFSB (the Islamic Financial Services Board) and INCEIF (The Global University of Islamic Finance) have just announced the confirmed speakers for their second Executive Forum on Islamic Finance.  Entitled “Towards Strengthening Corporate and Sharī`ah Governance in Islamic Banks” the forum is being held in Kuala Lumpur, Malaysia on 26-27 August. Speakers for the event include […]

Corporate Governance practices in the UAE

In 2007, the Securities and Commodities Authority (SCA) issued the Corporate Governance Code expanding the governance rules and regulations to any company, domestic or foreign, whose shares are listed on UAE stock exchanges. Two years later, the Minister of Economy issued a resolution (No 518) amending SCA’s code and providing a more comprehensive set of corporate governance […]

Need for higher spending on risk management and compliance in the financial sector

According to the latest study conducted by Kinetic Partners and published on Private Equity Wire, nearly one third of financial service CEOs think that senior management should be spending more on risk management and compliance. When it comes to CROs this number increases to 43%. The delegates attending our courses seem to be sharing this opinion. […]

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