Denmark to draft scheme inspired by UK’s Stewardship Code

first_img“It will be both to the advantage of investors and businesses, if, for example, pension funds show a more visible engagement with those businesses they invest in,” he noted.At the same time, the ministry said it had decided to boost the number of people on the committee by up to two new members who had relevant investment experience, so that the panel had a sufficient level of investment skills to carry out the new work. At the moment, the committee has seven members including Dorrit Vanglo, the chief executive of pension fund LD.It had not yet been decided who would fill these new posts, the ministry said.It praised the UK’s Stewardship Code, which was launched in 2010, saying it had contributed to raising the level of engagement among institutional investors in connection with their investments in British companies.Last December, the Financial Reporting Council (FRC) said it would soon begin assessing and rating pension funds and asset managers on their level of engagement with the Stewardship Code.The International Corporate Governance Network (ICGN) said late last year that it was drafting a global stewardship code building on similar initiatives in Japan and the UK. The Danish government is set to draft a code, based on the UK Stewardship Code, to steer the country’s pension providers towards more proactive engagement with company management.Troels Lund Poulsen, minister for business and growth, said the proposed code would ensure a focus on healthy, long-term corporate activity.“It benefits Danish competitiveness if institutional investors use their influence and skills to help Danish companies operate in the best possible way,” he said.Lund Poulsen said he had asked the Committee on Corporate Governance (Komitéen for god Selskabsledelse) to draft a set of recommendations that could strengthen active ownership.last_img read more

New Oil Discovery for Eni in Angola

first_imgEni has made the fifth oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place.The Agidigbo-1 NFW has been drilled by the West Gemini drillship in a water depth of 275 meters, and reached a total depth of 3800 meters.It proved a single hydrocarbon column composed by a gas cap of about 60 m and 100 meters of light oil with an oil down to. The hydrocarbons are contained in the Lower Miocene sandstones with good petrophysical properties. The discovery has further upside that will be proved by an appraisal campaign planned in early 2020.Due to its proximity to East Hub’s facilities and subsea network, which are at about 10km away, production from Agidigbo can be fast-tracked, thus extending the Armada Olombendo FPSO production plateau.Agidigbo is the fifth discovery of commercial nature since the Block 15/06 Joint Venture re-launched its exploration effort one year ago. It follows the discoveries of Kalimba, Afoxé, Agogo and Ndungu.The five discoveries altogether are estimated to contain up to 1.8 billion barrels of light oil in place with possible upside.The Block 15/06 Joint Venture is composed by Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%).last_img read more

Tunisia Tourism struggling to recover following militant attacks

first_imgTunisia’s tourism sector is struggling to recover following militant attacks earlier this year. So far at least 70 hotels in Tunisia have been forced to close since September, and there are significant fears for the future of the industry.The tourism sector is vital for Tunisa’s economy, employing about 400,000 people out of the country’s population of 10 million. It accounts for 10 percent of the gross domestic product. The industry has taken a hit following militant attacks in the country…the once-bustling streets of Tunis are quiet. Shop owners are waiting to see if next year will bring more customers.Violence has scared away many foreign tourists. Gunmen killed 38 people at a Sousse beach resort in Junen and 21 died at the hands of extremists when they launched an attack on the Bardo Museum in March. But shopkeepers say one nationality is still visiting Tunisia, Algerians!The Tunisian central bank has estimated tourism revenues this year are down 76 percent since 2010. The Tunisian Government is appealing for better international action following extremist attacks.last_img read more

Caribbean leaders concerned about Turks and Caicos Islands

first_img 15 Views   no discussions Sharing is caring! Share Share Tweetcenter_img NewsRegional Caribbean leaders concerned about Turks and Caicos Islands by: – July 6, 2011 Some of the CARICOM leaders present at the recent summit in St KittsBASSETERRE, St Kitts (CUOPM) — The Caribbean Community (CARICOM) heads of government have expressed concern on the situation in the Turks and Caicos Islands (TCI) where Britain resumed direct administration of its overseas territory in August 2009.The communiqué issued at the end of the 32nd regular meeting of the Conference of Caribbean Heads of Government in St Kitts on Monday noted that “the constitutional reform process had been completed though not to the full satisfaction of the Islanders.”The TCI has associate membership within the 15-member regional grouping, and citizens there have been demanding an end to British rule and a return to parliamentary democracy.London resumed direct administration of the affairs of the British Overseas Territory, disbanded the locally elected government and suspended the legislature after a Commission of Inquiry said it found widespread corruption under the administration of former premier Michael Misick.Misick, who resigned in March 2009, after the commission made its findings public, has called on all Turks and Caicos Islanders, churches and political parties to put differences aside and “unite to fight the common enemy — the British.”Misick accused London of staging what he termed a “modern-day coup” in the Turks and Caicos Islands while the rest of the world was not watching.In its communiqué, the regional leaders said that the citizens are expecting that elections will be held in the shortest timeframe possible, “in order to lead to a return to self rule and democratic and representative governance’.The leaders said that have requested the Council for Foreign and Community Relations (COFCOR) “to continue to monitor the situation closely, in order to keep them informed.”Caribbean News Now Sharelast_img read more

Dominica observes Peace Week

first_imgLocalNews Dominica observes Peace Week by: – December 19, 2011 7 Views   no discussions Sharing is caring! Tweet Sharecenter_img Members of the IDCCVThe Commonwealth of Dominica will, from Sunday 18th December to Sunday 25th December, 2011 observe a week of peace under the theme ‘Peace On Earth, Goodwill Unto Men.’Members of the Interdenominational Committee Against Crime and Violence (IDCCV) announced at a press conference last week that a week of peace would be observed with a view to “develop a certain consciousness of what is going on in our country, the need for us to work at establishing peace.”On Sunday all leaders; religious, political and civic, congregated at the Trinity Baptist Church in Roseau to officially commence the week of peace.Wednesday and Thursday have been designated as Days of prayers for peace; members of the IDCCV will appear on television talk shows on both Sat Telecoms and Marpin 2K4. Thursday the 22nd of December, 2011 will be observed as ‘White Ribbon Day’ and members of the public are encouraged to wear something white as a sign of purity. IDCCV has also made an appeal to radio stations to change the tone of their programming to a ‘reflective’ one, to invite priests or pastors to offer prayers during the day as well as callers to the various programs to pray about an issue as opposed to complaining about one. The week of activities will culminate with peace messages at all churches on Sunday 25th – which will also be observed as Christmas Day worldwide. Dominica Vibes News Share Sharelast_img read more

Serie A: Sarri fends off Juventus favouritism

first_img “I’m reading a lot and watching some old matches. When I see Sacchi’s Milan, I think they were 20 years ahead of their time.” Loading… Promoted Content7 Worst Things To Do To Your Phone7 Ways To Understand Your Girlfriend Better5 Of The World’s Most Unique Theme Parks7 Train Stations In The World You Wish To Stay At Longer10 Risky Jobs Some Women DoTop 10 Most Iconic Characters On TVWill You Recognize Celebs In Their Kid Photos?7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?6 Incredibly Strange Facts About Hurricanes11 Most Immersive Game To Play On Your Table Top10 Places On Our Planet Where The Most People Live Read Also: Lazio fight COVID-19 with garlic and chocolate “And in Turin, I heard chants against my mother from Fiorentina fans. When you’re attacked from the outside, you become stronger inside. “If you become a Gobbo (insulting term for Juve fans), it’s for that reason, you are constantly getting attacked.” FacebookTwitterWhatsAppEmail分享 “I’d like to go to Rome for the Coppa Italia Final and any other European city for the Champions League,” admitted the 61-year-old. “I don’t have a clear head to work so much right now. I’m watching games and doing it in a very detached way gives you a different idea. “I think we’re going to play in the summer, so this is the right time to disconnect a bit since there will be a minimal stop between one season and another.center_img Maurizio Sarri couldn’t help but light one up while on live-stream with Juventus today pic.twitter.com/wDfJyaLw4P— Italian Football TV (@IFTVofficial) April 17, 2020 The former Napoli boss is back in Italy after a one-season stop at Chelsea, but he believes there is too much ‘hate’ in his homeland. “Two things struck me: love and hate. We’re surrounded by love in any city in Italy and it’s a beautiful thing, but we’re also always surrounded by hatred. “We’re always the ones favoured by referees, yet look at the numbers and they say something else. “Personally I was insulted in Naples, the city where I was born and gave everything. If I didn’t win there it’s because I didn’t succeed. Maurizio Sarri ‘thinks’ Serie A will resume this summer and tells those who claim referees favour Juventus to “look at the numbers. They say something else.” Speaking to Juve’s official YouTube channel, Sarri discussed managing the Bianconeri during the coronavirus pandemic and gave his thoughts on ending the season.last_img read more

Florida’s ‘2020 Python Bowl’ Kicks off Friday

first_imgThe Super Bowl will kick off in South Florida in February, but Governor Ron DeSantis has just announced the return of the “Python Bowl” which will begin this weekend and last for 10 days.The contest, which is open to hunters of all skill levels, is a partnership between the Florida Fish and Wildlife Conservation Commission, the South Florida Super Bowl Host Committee and a number of public and private agencies.The Florida 2020 Python Bowl kicks off Friday, Jan. 10, with competitors being tasked to remove Burmese pythons from specific areas of the Everglades. Those who catch the most and longest pythons in each skill category will be awarded what’s promised to be some impressive prizes.“We need to get this snake under control so we can have a healthy environment in the Everglades,” says “Alligator Ron” Bergeron, a champion for Florida’s vast ecosystem.Bergeron says the only way the billion-dollar Everglades restoration project can be successful is if pythons are eradicated. The non-native snakes can can grow to be 20 feet long and weigh 200 pounds.“There’s a lot of invasive animals in the Everglades, but this one is extremely dangerous to the environment because it becomes top of the food chain.” said Bergeron.For those who still don’t understand what’s so dangerous about the Everglades python invasion, Bergeron puts it simply.“In Florida, especially South Florida, the Everglades is our drinking water.”Entry rules and hunting tools for the Florida Python Challenge can be FOUND HERE.An awards ceremony for the winners of the competition will be held Jan. 25 at Bayfront Park.View the video two watch a tutorial on how to capture a python.South Florida Water Management District governing board member Chauncey Goss says the Florida python challenge ‘2020 Python Bowl’ welcomes pros and rookies to hunt the snakes.He said the governor was very adamant that we bring it back, “As part of Everglades restoration, we want to make sure we get rid of the invasive species. The Burmese python is an invasive species and it’s just decimating everglades. It’s been wiping out all of the small animals that are native to the Everglades.”Now, Floridians can take environmental protection into their own hands.Click HERE for more information on the Python Elimination Program.More information on removing pythons and what to do if you see one can be found here from the FWC.last_img read more

WBB : FALLING FLAT: Poor shooting in 1st half sinks Syracuse in loss to Notre Dame

first_img Comments Published on February 7, 2012 at 12:00 pm After another game in which a poor half of basketball condemned Syracuse against one of the best teams in the country, Carmen Tyson-Thomas rallied her teammates to discuss what just happened.Each player agreed.The Orange players beat themselves in the first half. And after stumbling out of the gate, the bad beginning negated the fact that SU hung with the nation’s No. 2 team the rest of the way.‘As a team we need to put both halves together, we have to play as a whole, as a unit, and we’ve got to do what makes us,’ Tyson-Thomas said. ‘We have to rebound the ball, we need to get it high-low, and we know we have to do those things to put two halves together.’After a lousy first half in which Syracuse (15-10, 4-7 Big East) shot just 18.8 percent from the field, the Orange played well against the No. 2 Fighting Irish (24-1, 11-0 Big East) for the entire second half, but it wasn’t enough. SU had already dug a 19-point hole largely due to its shooting woes that it couldn’t climb out of and fell 74-55 to Notre Dame in front of 998 in the Carrier Dome Tuesday.AdvertisementThis is placeholder textIn the first half, the Irish neutralized SU’s frontcourt attack led by Kayla Alexander and Iasia Hemingway. Hemingway, SU’s leading scorer, was determined to attack the rim in the first half but missed on numerous close looks.Hemingway went 0-of-8 from the field in the opening half, including four missed layups. The Orange opened the game shooting just 2-of-14, allowing the Irish to take a 15-6 lead eight minutes into the game.‘I give a lot of credit to Notre Dame,’ Hemingway said. ‘They made sure they kept forcing me and sagging on me going to the rim, digging on me, so they did a great job making sure I didn’t get to the basket, and if I did they were always there.’And even though the Orange contained the Notre Dame’s offense in the first half, Syracuse didn’t have a chance as its offense scuffled.SU’s final offensive set of the first half captured its struggles. After Notre Dame forward Natalie Achonwa hit a layup, the Orange pushed the ball quickly upcourt.La’Shay Taft had a wide-open 3-point attempt from the top of the key sail to the right and hit the bottom half of the backboard. Hemingway collected the rebound and missed a layup from right underneath the rim.And Notre Dame went into halftime leading 38-19.‘I thought that was the difference in the game,’ SU head coach Quentin Hillsman said. ‘We shot 18 percent in the first half and we didn’t make shots, and in the second half, we came out 41 percent and played an even half, so that’s the game.’SU limited the Big East’s best 3-point shooter, Natalie Novosel, to just 2-of-9 shooting from the field in the half. And the Orange held Skylar Diggins scoreless.But the Irish stretched Syracuse thin with quick ball movement opening the paint up for ND’s frontcourt players. The Orange was outrebounded 33-18 in the first half and allowed the Irish to score 26 points in the paint in the opening half to give SU headaches.As Syracuse closed in on the shooters on the perimeter, Devereaux Peters and Achonwa grabbed easy offensive rebounds as SU players floated out of the paint, leaving a hole underneath. Peters and Achonwa combined to grab nine offensive rebounds and 19 points in the half.‘They’re really good at gliding through their offensive sets, getting cuts, backdoors,’ Alexander said, ‘so for us it was mostly about staying in our positions and trying to stay between the ball and the basket and not let them get too many open shots.’SU opened up the second half on an 11-3 run to cut Notre Dame’s lead to 11, but it could not take advantage. Turnovers cost the Orange and allowed the Irish to increase its lead back 15, and Notre Dame held off Syracuse.A strong-willed performance helped the Orange keep pace with the Irish in the second half, as each scored 36 points. But the poor first half doomed Syracuse.‘Just looking at this game alone, in the first half we had so many easy opportunities to get some easy layups that we just missed,’ Alexander said. ‘And then in the second half we were getting stops, and we weren’t able to turn those into points on the offensive end.’adtredin@syr.educenter_img Facebook Twitter Google+last_img read more

Mo Adams, Tajon Buchanan earn All-ACC honors

first_imgTwo Syracuse (6-8-4, 0-6-2) players were selected to the All-Atlantic Coast Conference team Tuesday afternoon.For the second-straight year, sophomore captain Mo Adams earned All-ACC honors. He was named to the second team, a jump up from last year’s third-team honors. He played in all but two games, often defending the opposition’s best player.Freshman Tajon Buchanan earned All-ACC Third Team honors and was named to the All-Freshman team. The striker played in all 18 games, scoring four goals including the game-winner in the team’s season opener. His 10 points ranks third on SU.Buchanan’s All-Freshman honors is the fifth-straight season in which a Syracuse player has been named to that team.Syracuse’s season came to an end in the first round of the ACC tournament, where it fell to Clemson in penalty kicks, 4-3.AdvertisementThis is placeholder text Comments Published on November 7, 2017 at 12:37 pm Contact Charlie: csdistur@syr.edu | @charliedisturco Facebook Twitter Google+last_img read more

Sommers: Realignment rumors leave heads spinning

first_imgMaybe the Virginia earthquake re-aggravated it on August 23, or perhaps the rulebook on chivalry between conference members has been misplaced below the stack of improper benefit paperwork.No matter the real epicenter of chaos, the college football landscape is shifting quickly. Reports of schools either changing, thinking about changing or waiting for other schools to change before they change conferences are flying about in a whirlwind of rumor.First, let’s break down what we know to be fact. In 2012, Texas Christian will join the Big East with Hawaii, Fresno State and Nevada replacing them in the Mountain West Conference, Pittsburgh and Syracuse will be joining the ACC and Texas A&M wants to jump the sinking ship that is the Big 12.Besides that limited amount of information, everything else seems to be speculation at this point – mounds and mounds of speculation.Oh, this just in: MWC commissioner Craig Thompson has said he is trying to convince TCU to forgo the Big East and remain in the MWC. So much for what we know to be fact.It seems interesting to me that people are just beginning to recognize two very obvious trends: Football rules the collegiate scene and people love money. Have those just beginning to recognize this or surprised by all the realignment been living under a rock?College basketball may be big, and March Madness rules television in the spring, but none of these schools are changing conferences because of benefits on the hardwood. Syracuse and Pittsburgh are two of the top basketball programs in what arguably has been the toughest basketball conference in the country, but that didn’t prevent them from switching to the ACC, one of the weaker football conferences.In an interview on “Outside the Lines” with Bob Ley, ex-Big East commissioner and early Big East pioneer Mike Tranghese was clearly distressed over losing two of the conference’s top programs.“I am not surprised that this occurred,” Tranghese said. “It’s been a feeling that I have felt for a long time that once somebody started to move it seems to be a copycat environment in college athletics that everybody would start to move. We have seen what happened with the Pac-12, what the Big 12 is going through. I knew the Big East would eventually become a target.”However, he is not buying all the talk that realignment is all about forming conferences with like-minded schools.“I think college football has just taken control of everything that is going on in the country. All these moves are about football and money and greed, and I am embarrassed about the whole thing. Not just because it has affected the Big East. It just seems that things such as integrity and loyalty and congeniality are gone.“You can talk about being good fits and academic agendas and none of that has anything to do with anything. The presidents can say that, but I have sat in the room and I know what it is. It’s about football and it’s about money and in certain instances it’s about greed.”Really? Who knew that universities across the country have been trying to make as much money off of sports as possible? Was it the multi-million dollar conference television networks that gave it away?So, what lies ahead? With Texas (ACC, Pac-12?) and Oklahoma (Pac-12?) looking to pull a scene from Julius Caesar and stab a dagger between the ribs of the Big 12, things are not going to settle down for quite some time. If the Sooners, Longhorns and Aggies successfully leave the conference (there may be some legal actions taking place to prevent it), it will leave only seven teams behind on the brink of destruction.The only hopes the Big 12 has of surviving would be to absorb the remaining Big East schools or MWC schools, and that would obviously mean the death of either of those conferences.According to an ESPN.com report, the MWC is also talking to Big 12 and Big East schools and even exploring options of combining the MWC and Conference USA for football only, playing a championship game between the winners of each league.The SEC looks to be an exclusive club, but if it accepts Texas A&M, it would seem likely that at least one more team would have to be invited to join the SEC for an even 14 schools. Florida State, anyone?It is clear that the early winners in this arms race are the Pac-12 and SEC, leaving everybody else scrambling for the scraps.Interestingly, through all the noise, not much has been heard from the Big Ten during the past couple weeks of craziness. They seem content to sit with 12 members at this point, but is that a smart strategy?In August, after Texas A&M announced its desire to play in the SEC and before the rest of the college football world came crashing down, Big Ten Commissioner Jim Delaney told Teddy Greenstein of the Chicago Tribune that SEC expansion would not affect the Big Ten for now and that “we have closed down active expansion.”That statement seems counter-intuitive for the Big Ten after it fought so hard to finally obtain a conference championship game by adding Nebraska in order to better compete with other top conferences across the country.Why then would the Big Ten grow content to fall behind once more? If the Big Ten wants to stay competitive, it should grow its television markets and recruiting beds while quality schools remain to be had.Super-conferences are growing visible on the horizon with possibilities of 16-team Pacific and Southeastern conferences a distinct possibility in the next two or three years. And every school on the move is saying “Show me the money.”Brett is a senior majoring in journalism? Let him know at bsommers@badgerherald.com and be sure to follow @BHeraldSports on Twitter for all the latest Badgers news.last_img read more