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| Message from the New Representative Director |
In recent years, Pakistan has made major progress in improving its corporate governance ecosystem, especially in the area of director training and certification – which is now generally required for all directors of public companies pursuant to the Corporate Governance Code.
KARACHI: Pakistan Institute of Corporate Governance (PICG) has joined hands with the UK’s Institute of Directors (IoD) to introduce the globally recognised Accelerated Certificate in Company Direction under the Royal Charter in Pakistan.
Addressing a press conference on Monday, PICG President and CEO Fuad Hashimi said the qualification will provide Pakistan’s professionals with an opportunity to become part of a global network of trained directors in 34 countries.
Takashi Kotani, an advisor of corporate communications, pointed out another 2020 problem in Japan – Shortage of female directors in Japan – Unintended effect of Abe's Womenomics policies; firms will be scraping bottom of barrel.
Kodak, former photography trailblazer, files for bankruptcy
http://www.pressherald.com/news/Former-trailblazer-Kodak-files-for-Chapter-11-.html?pagenum=full
Kodak: A Lesson In Risk Aversion
https://www.bluesteps.com/Blog/Kodak-A-Lesson-in-Risk-Aversion.aspx
Abstract: In explaining how activists engage corporations, social movement theory has provided a compelling account of contentious activism and tempered radicalism. The growing use of dialogue, by contrast, has not received a comparable level of attention. On the basis of a four-year qualitative study of a faith-based coalition of investors, we develop a process model of how shareholder dialogue leads to corporate change. Through repeated engagement activists leverage internal corporate political debate to achieve synthesis.
No criminal charges, but strict liability, big fines, and liability for bribes of private companies as well as public officials. — Under the new rule, there are administrative and judicial sanctions. Fines are between 0.1 percent and 20 percent of a company’s gross revenue from the prior year. If gross revenue is not known, fines are between $3,000 and $30 million. The payment does not exempt a company from paying losses generated to the government as a consequence of its wrongdoings.
Amir N. Licht Interdisciplinary Center (IDC) Herzliyah – Radzyner School of Law; European Corporate Governance Institute (ECGI) (March 6, 2014 – European Corporate Governance Institute (ECGI) – Law Working Paper No. 247/2014) –
There is extensive evidence to suggest that social media has fundamentally changed the relationship between corporations and constituents. For example, a 2012 survey by Edelman finds that “listening to customers” for the first time is considered equal in importance to providing a high-quality product or service when it comes to establishing trust.1 Consumers expect to be able to engage with companies through social media, and the vast majority of consumers believe that direct engagement between company and consumer improves brand image.
Acquisitions of minority equity stakes in Japanese publiclytraded companies are attracting greater interest from investors,whether as passive investments, strategic acquisitions, or asfirst-step purchases towards a future business combination….
A former Bridgestone executive agreed to plead guilty to conspiring to fix prices for auto parts, a day after a grand jury indicted another executive and two former workers.