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ABB board approves Björn Rosengren's name as CEO.
Swiss technology firm ABB on Monday said its board has approved the appointment of Björn Rosengren as CEO to succeed Peter Voser. Rosengren will join ABB on February 1, 2020 and succeed CEO Peter Voser from March 1, 2020, as per a statement by ABB. Read More
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Companies to face climate risk checks in Australia.
The corporate watchdog plans to check whether some of Australia's biggest companies have properly disclosed their risk from climate change. The Australian Securities and Investments Commission on Monday updated its guidance to companies to help them disclose their climate change-related risks and opportunities. Read More
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Vibrant boardroom synergies cannot be legislated for, but can be built over time. It is imperative for all those who serve on the Board to enhance their effectiveness with each passing day by developing an effective framework of knowledge, skills and competencies that fit their organizational requirements and can serve as a basis for Board Appraisals. Strong and effective boards possess traits of:
- Clear focus on Strategic Decision Making.
- Cooperation and Trust among the Board Members.
- Effective chairs to maintain effectiveness of meetings.
- Presenting Constructive Challenges to Board Members. Read More
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Coming down with a sledgehammer on CSR violations.
India Inc is on hot coals. This time over, it’s the social responsibility (CSR) spending. The latest amendment in the Companies Act, which has been cleared by both the Houses of Parliament and is now awaiting the President’s assent, breaks with the past making breach of CSR norms a criminal offence. Read More
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Inching Closer to a Global Recession: Morgan Stanley.
Economies globally are showing signs of acute weakness and the next stage could be a worldwide recession, if Morgan Stanley is to be believed, in nine months from now. Escalation in trade tension between the two largest economies—US and China—is the chief factor nudging the world economy towards a recession. Read More
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