PLSA calls for better human capital reporting in FRC feedback

first_imgAsset managers and proxy advisers should hold some responsibility for pension funds’ stewardship, the UK pension fund association has said in its response to the Financial Reporting Council’s (FRC) draft strategy for 2016-17.The Pensions and Lifetime Savings Association’s (PLSA) submission addressed corporate governance and reporting, and investor stewardship, among other aspects on which the FRC sought feedback.The consultation was on the FRC’s plans for the first year of its new three-year strategy. It closed on Friday. On the topic of investor stewardship, the PLSA said it supported the FRC’s focus on three key constituencies of the investment sector – asset owners, asset managers and proxy advisers – but that “differences in stewardship capacity” across these groups should be acknowledged.This is because many pension funds do not have the resources to dedicate significant time to stewardship issues, “part of the reason why asset managers and proxy advisers are contracted in the first place”.“These industries should hold some responsibility to highlight the importance of stewardship to their clients, even if the pension funds do not raise it themselves,” said the PLSA.The association welcomed the FRC’s work on corporate culture and board effectiveness, and specifically on succession planning. However, it called on the regulator to do more to improve corporate reporting on “human capital” and environmental, social and governance (ESG) performance.“We would like to highlight the importance of ‘human capital’ to culture and advise the FRC to monitor practices and reporting in relation to companies and the people who work for them,” said the association.Human capital represents an asset estimated to be worth “billions”, but it is also a source of major strategic risks in the form of industrial disputes, employee misconduct or poor customer experience, it said. The FRC is the body responsible for the UK Corporate Governance and Stewardship Codes, which set out best practice for companies and institutional investors, respectively.In December, it announced plans to publicly rate pension funds and asset managers on their level of engagement with the Stewardship Code.,WebsitesWe are not responsible for the content of external sitesLink to: FRC ‘Draft Plan & Budget and Levy Proposals 2016/17’last_img read more

High flyers: 2019 set to be the year of the Brisbane skyhome

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoThe kitchen in the apartment at 5/2 Scott St, Kangaroo Point.He said the buyers were not downsizing as the property was bigger than the house they had previously lived in, but they were looking for convenience, security and privacy.“People are consistently making the decision to get out of big homes that require a lot of maintenance,” Mr Caulfield said.“I had one couple looking in Walan whose house had been broken into twice in six months. They were sick and tired of having a big, beautiful home that was a target for thieves and that’s what’s motivated them to look at a big apartment eight levels off the ground.“With improved convenience, security and privacy, better views and more obtainable luxury inventory, is luxury apartment living becoming the new Australian dream?” This apartment at 5/81 Moray St, New Farm, sold for $6.5m in 2018.Knight Frank Australia head of residential research Michelle Ciesielski said Brisbane’s premium market was benefiting from the growing demand from downsizers looking for easy-to-maintain homes.“Demand for truly exceptional properties in sought-after positions have outweighed the supply coming to the Brisbane market, including new builds,” she said. – ELIZABETH TILLEY This apartment at 5/2 Scott St, Kangaroo Point, has sold for $4.5m.Selling agent Simon Caulfield of Place Estate Agents Kangaroo Point said his team had settled more than $135 million worth of apartments in Brisbane last year and he expects 2019 to be even bigger.It comes as the city’s booming infrastructure pipeline is luring buyers to the CBD fringe, with real estate agents describing new developments such as the Howard Smith Wharves precinct and Queen’s Wharf as “game changers” for the inner city housing market.Mr Caulfield, who negotiated the $4.5 million sale of 5/2 Scott Street, in the Walan development, said the whole-floor apartment sold for 10 per cent more than it was purchased for two years ago. The luxury residential building, Walan, in Kangaroo Point, is proving popular with buyers.Mr Caulfield also negotiated the sale of an apartment in the luxurious Abian residential tower in Brisbane’s CBD late last year for $4.5 million — a record price for a resale in the building.A wealthy Chinese family snapped up the four-bedroom, three-bathroom unit at 3501/140 Alice Street. Courtney and Simon Caulfield recently bought an apartment in Kangaroo Point. Image: AAP/Josh Woning.SAVVY buyers are splashing cash on high end Brisbane apartments, swapping the big house and white picket fence for a sanctuary in the sky.An apartment in a luxurious Kangaroo Point residential building Walan (pictured) has just sold for an eye-watering $4.5 million to a couple ditching their Greenslopes house on a 405 sqm block.last_img read more

Estonia’s First Offshore Wind Farm Step Closer to Reality

first_imgEstonian wind energy developer Nelja Energia and the Hiiu municipality on the Hiiumaa Island have officially signed a cooperation agreement to build Estonia’s first offshore wind farm.Nelja Energia AS proposes to build the Loode-Eesti wind farm (Hiiumaa offshore wind farm) comprising 100 to 160 wind turbines with an aggregate capacity of 700 to 1,100 megawatts in the sea to the north of Hiiumaa. The turbines will have a nominal capacity of between 4 and 7 megawatts.The construction of the wind farm is scheduled to start in the second half of 2018, with the commissioning slated for 2020.Under the agreement, Nelja Energia commits to making a contribution to the development of the island, its economy and security of electricity supply.The agreement also sets out that the wind farm will have a minimal visual footprint and that no turbines will be put up closer than 12 kilometers from the Hiiumaa island and on Neupokoyev Bank.Additionally, visual footprint will be kept under control by the provision of the agreement that if the wind farm is linked up to the transmission grid via Hiiumaa, only submerged cables and underground cables will be used. Regardless of whether the wind farm will be connected to the grid via Hiiumaa or by a link to mainland Estonia, the developer will establish a loop connection with Hiiumaa.It has also been agreed that the maintenance operations center of the wind farm will be set up in Hiiumaa and training of technicians will take place in Hiiumaa in the future. The service center is expected to create 30 new jobs directly as well as 20 indirect jobs.The developer and the municipality are about to set up a non-profit association aimed at promoting the economic and social well being of the municipality and improve the availability of the positive effects related to the wind farm through supporting local not-for-profit initiatives. The wind farm will donate to the nonprofit at least 0.2 percent of its revenue from the sale of electricity, but not less than EUR 0.32 per each megawatt-hour of electric energy produced.In addition, a possibility will be made available to residents of Hiiu municipality to invest in the wind farm through buying preference shares or bonds bearing a fixed annual interest of 15 percent.last_img read more

Arsenal defender suffers huge injury blow against Chelsea

first_imgArsenal fear Calum Chambers could miss the rest of the season with a serious knee injury. Chambers limped off during Sunday’s defeat against Chelsea and Gunners medics feared the worst following initial tests. Loading… The defender underwent a series of tests on Monday and there are growing concerns he has suffered damage to his anterior cruciate ligament. Chambers has been a rare bright spot for Arsenal during what has been a hugely disappointing season and his injury comes as a significant blow to new boss Mikel Arteta.Advertisement Read Also: Arsenal vs Chelsea: Late Leno error deny Arteta first win as Gunners boss The news will see Arsenal ramp up their search for a new central defender when the transfer window reopens on Wednesday. Sportsmail revealed on Monday how Arsenal will provide newly-appointed manager Arteta with transfer funds next month to plug their leaky defence. FacebookTwitterWhatsAppEmail分享 Promoted ContentMost Famous Female Race Car Drivers Of All TimeWhich Country Is The Most Romantic In The World?The Highest Paid Football Players In The WorldIs This The Most Delicious Food In The World?Who Is The Most Powerful Woman On Earth?7 Ways To Understand Your Girlfriend Better11 Most Immersive Game To Play On Your Table TopA Hurricane Can Be As Powerful As 10 Atomic Bombs5 Of The World’s Most Unique Theme Parks8 Things You Didn’t Know About Coffee8 Best 1980s High Tech Gadgets2020 Tattoo Trends: Here’s What You’ll See This Yearlast_img read more

Sadio Mane: Liverpool forward favoured to win PFA award

first_img Loading… “It’s a season that’s been nothing short of phenomenal,” Wilkinson said on the Sky Sports Football Weekend Preview podcast. “Fifteen goals and 11 assists in 28 games for Liverpool across all competitions. Ridiculous numbers considering we’re only halfway through the campaign. He was crowned African player of the year – a deserved, worthy winner – and I’d go as far as saying now he has overtaken Salah as the main attacking threat at Liverpool. “Yes, the front three all have their own roles to play but Mane keeps delivering the goods consistently, keeps scoring the goals that make a difference. Read Also:Drogba hails Mane as new king of Africa “Had it not been for his goals this season, Liverpool’s lead at the top of the Premier League would only have been one point. They’d have been entrenched in a proper Premier League title race. As it happens, they’re 13 points clear because of his goals and he’s been unplayable for the last 18 months to two years. His consistency is frightening. FacebookTwitterWhatsAppEmail分享 Promoted ContentA Hurricane Can Be As Powerful As 10 Atomic Bombs14 Hilarious Comics Made By Women You Need To Follow Right Now7 Theories About The Death Of Our UniverseThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWhat Are The Most Delicious Foods Out There?10 Celebrity Dads Who Have A Bad Relationship With Their KidsCan Playing Too Many Video Games Hurt Your Body?Best & Worst Celebrity Endorsed Games Ever MadeWho Is The Most Powerful Woman On Earth?Top 10 Most Populated Cities In The World6 Extreme Facts About HurricanesEver Thought Of Sleeping Next To Celebs? This Guy Will Show Youcenter_img Sadio Mane picked up the African player of the year award earlier this week – and deserves to be the clear favourite to win the PFA player of the season prize at the end of this campaign. Liverpool forward Sadio Mane That’s the view of the Sky Sports Football Weekend Preview podcast panel ahead of Liverpool’s trip to Tottenham on Saturday evening, live on Sky Sports. Mane shared the Premier League golden boot with team-mate Mohamed Salah and Arsenal’s Pierre-Emerick Aubameyang at the end of 2018/19 and has continued that form to propel Liverpool clear at the top of the table this term. The Senegal forward has 11 goals and six assists to his name in the top flight – only Manchester City’s Kevin De Bruyne (seven goals, 12 assists) and Leicester City’s Jamie Vardy (17 goals, three assists) have more goal contributions this season. Mane has repeatedly stepped up and delivered in key moments, scoring in narrow wins over Southampton, Leicester, Aston Villa, Crystal Palace and Wolves and Sky Sports football journalist Jack Wilkinson says he has become Liverpool’s main man.Advertisementlast_img read more

Angara tests positive for COVID-19

first_img A female staff member of Senator Pia Cayetano tested positive for coronavirus disease 2019, while the Supreme Court has confirmed that a staff member of Associate Justice Amy Lazaro-Javier was positive for the virus. Angara said in a statement on Thursday he has stayed away from the public eye since he was tested for the virus on March 16. The results of the COVID-19 only came out on Thursday. “I regret to announce that I received my test result and it is positive for COVID-19,” Angara said. “I have not been in contact with the public since taking the test last March 16.” Angara was the third senator to test positive for COVID-19 aside from Negrense Juan Miguel Zubiri and Aquilino “Koko” Pimentel III, who came under fire after breaking his quarantine protocol. Several senators have been on self-quarantine since early March after learning that a resource speaker at a committee hearing in the chamber eventually tested positive for COVID-19. Sen. Juan Edgardo “Sonny” Angara is the third senator to test positive for coronavirus disease 2019, aside from Juan Miguel Zubiri and Aquilino “Koko” Pimentel III. Former senator and losing vice presidential candidate Ferdinand “Bongbong” Marcos Jr., for his part, said that he is currently on self-quarantine following his recent trip to Spain. MANILA – Sen. Juan Edgardo “Sonny” Angara has tested positive for coronavirus disease 2019 (COVID-19), making him the third member of the Senate to contract the virus. “I have been feeling some symptoms like mild fever, cough, headaches and general weakness,” he added. “I ask for your prayers that together we are able to pull through this tremendous challenge.” “A few days ago I was feeling a little under the weather and as a result went to get checked for COVID-19. We are still waiting for the results,” Marcos said in a press statement. “Fortunately, I feel much better and am getting stronger by the day. I have no doubt in my mind that this is partly due to the excellent work of the nurses and doctors who helped me during this time,” he added./PNlast_img read more

Nainggolan Joins Former Club Cagliari on Loan

first_imgHe was capped 30 times for Belgium, scoring six goals, before retiring from international duty in 2018.Danilo: Man City in Talks with JuveManchester City are in talks with Juventus over a deal to sign Portugal right-back Joao Cancelo with Brazil full-back Danilo moving the other way.There is no agreement yet but City manager Pep Guardiola is keen to strengthen his options on the right.City, who also have £45m England right-back Kyle Walker in their squad, are expected to pay a fee in addition to 28-year-old Danilo joining Juve.Cancelo, 25, has also played further forward as well as at left-back.He joined Juventus from Valencia for £35m in 2018 after spending a season on loan at Inter Milan.Cancelo was part of the Portugal squad that won the Nations League earlier this summer although he did not play.City signed Danilo from Real Madrid for £26.5m in 2017.He has been involved in the Blues’ back-to-back Premier League title wins but has rarely been viewed as a first-choice.Danilo has made 60 appearances in all competitions but only 22 league starts, the last of which came against Cardiff on 3 April.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Inter Milan midfielder Radja Nainggolan has joined Serie A rivals Cagliari on loan until the end of the season.The 31-year-old former Belgium international returns to the club where he spent four years from 2010, making 137 appearances.Nainggolan had only joined Inter last summer from Roma and played 29 league games last season.last_img read more

Ollie looks to make his own mark on the Connecticut program built by Calhoun

first_img Facebook Twitter Google+ Kevin Ollie was sitting in his office early in September when a serene Jim Calhoun walked through the door ready to deliver bittersweet news.Known for his intense coaching style and tempered disposition, Calhoun’s message was more serious than the typical tactical adjustment or word of advice.“That was the first time in a long time I had seen him at real, real peace,” Ollie said. “The only time I really see that in him is when he’s around his grandchildren.”Calhoun dropped the inevitable news just a few moments later. After a Hall of Fame 40-year career that yielded 873 total wins and three national championships at Connecticut, the legendary coach knew it was time to step down.At the age of 70, Calhoun was battling hip problems and said he was ready to move onto the next stage of his life. He knew the best possible replacement was Ollie, who played four years under Calhoun from 1991-95.AdvertisementThis is placeholder textOllie took his scrappy, in-your-face style of play to the NBA, where he played for 11 teams in a 13-year career, including time playing for Larry Brown and Chuck Daly. After spending the last two years as an assistant coach at UConn, Ollie was tabbed to take over the program when Calhoun announced his retirement in September.“I’m an empty cup and I want everybody to fill me up with positive things and things I need to do,” Ollie said. “Then I take those things and make sure they fit in with my philosophy, and I try to go out there and do it.”Ollie was given a one-year, $625,000 contract that runs through April 4, 2013, two days before the Final Four. He’ll face a difficult challenge in his first year, as the Huskies received a one-year postseason ban due to low Academic Progress Rate scores.Despite the ban and the coaching change, UConn forward Tyler Olander said his team is even more focused than in past years.Olander said having someone as upbeat and personable as Ollie is exactly what the team needs. Compared to Calhoun’s frequently fiery temper, Olander said Ollie is more positive and easy to approach.“Everything is moving forward,” Olander said. “He doesn’t really yell or be negative. I think that helps the chemistry of the team.”Connecticut Deputy Director of Athletics Paul McCarthy said Ollie makes an incredibly strong first impression and has a talent for connecting with people.“He’s one of those people that looks you in the eye and you know you’re dealing with a caring, genuine person,” McCarthy said. “He has a talent for connecting with people. He’s smart, engaging and immediately likable.”UConn guard Shabazz Napier said Ollie has served as a father figure, helping him deal with the rehabilitation process after suffering a stress fracture in his right foot.After practice, Ollie often talks with Napier, advising him to keep his head up and stay optimistic during the slow recovery process. A guard himself, Ollie also gives him tactical advice as he works to mold Napier into a complete player.“Me getting over my foot injury and having to sit out, he’s been talking to me and telling me to be patient,” Napier said. “He’s been pushing me to be 100 percent and making me work hard. Those are things you really can’t put a measure to.”While many people on the outside consider this a year of transition swirling with off-court issues for UConn, Ollie doesn’t see the situation the same way.“I don’t know about the instability,” Ollie said. “Me and you can look at the same wall and I can see something totally different. I see stability. I see our guys coming in with one heartbeat. It’s not me; it’s we.”UConn’s core group of players is dramatically different than it was last year, with Jeremy Lamb and Andre Drummond leaving for the NBA and Alex Oriakhi transferring to Missouri. Changes in personnel will force Ollie to adjust quickly.“I have to put my imprint on this team,” Ollie said. “I have to go out there and show them what I expect them to do. They know that and I understand that’s the standard of UConn basketball. I put the jersey on. I graduated from the university.”Ollie feels prepared for the task after playing for Calhoun and working under him for two seasons. His work over the years made him the right man for the job in Calhoun’s eyes.Ollie said he feels honored and blessed to be at the helm of such a prestigious program. He plans to use the lessons Calhoun has given him over the years to make the most of the opportunity.“It’s a brotherhood,” Ollie said. “For 22 years, this has been a brotherhood. This is all I know: UConn basketball. It’s a special place and it’s an awesome feeling for me to come back and coach.”Immediately immersed in his new role, Ollie has more responsibility and has taken the reins from Calhoun, yet the former coach hasn’t stepped away from UConn basketball entirely.The Hall of Fame coach is now Special Assistant to the Director of Athletics, and serves as an aid to Ollie and the rest of the coaching staff and team.Olander said Calhoun is still very much involved in UConn basketball and has attended multiple practices a week.“He’s critiquing the team and giving individuals advice,” Olander said. “After every practice, he takes me aside and tells me what I’m doing well and what I should work on.”Though Calhoun will be around, the job is Ollie’s now. With the future uncertain and the postseason unreachable, all the new coach can do is focus on the regular season.But when he has a question, needs advice or has a moment of uncertainty, Calhoun is always present and available, watching from afar and making observations.“He’s like a second father to me,” Ollie said. “Someone that I can really rely on when I need any questions answered. Sometimes he knows what I’m going to ask him before I even open my mouth.” Comments Related Stories Wave of the future: Hopkins spends his career perfecting coaching model as he prepares to take helm at SyracuseBuilding mystique: The Carrier Dome proved to be a key factor in the Big East’s growth during the 1980sThe Top 10: A rundown of the all-time highlights for Syracuse in its proud run in the Big EastJoining the pack: After reaching Sweet 16, N.C. State looks for more of the same in 2012center_img Published on November 8, 2012 at 2:01 am Contact Trevor: | @TrevorHasslast_img read more

Murray, Treanor qualify as Tewaaraton Award finalists

first_imgSyracuse attacks Alyssa Murray and Kayla Treanor are two of five finalists for the Tewaaraton Award, given to the country’s best player.Maryland placed two players on the list, including defender Megan Douty and midfielder Taylor Cummings. Florida midfielder Shannon Gilroy rounded out the finalists.Murray, a senior, leads SU with 37 assists and is second in goals (51) and points (88), while Treanor has developed into one of the country’s top players as a sophomore. She has 102 points this season, which includes a team-high 70 goals. Additionally, her 3.5 goals per game rank fifth in the nation.Both players will have a chance to add to their Tewaaraton resumes on Sunday when Syracuse starts its NCAA tournament run against Towson or Stony Brook at SU Soccer Stadium at 3 p.m. Comments AdvertisementThis is placeholder text Published on May 8, 2014 at 2:58 pm Contact Sam: | @SamBlum3 Facebook Twitter Google+last_img read more

March Madness, NBA can’t compare

first_imgEuno Lee is a senior majoring in English literature. He is also the Managing Editor of the Daily Trojan. His column, “Euno What Time it is,” runs Wednesdays. Maybe I just don’t get March Madness. Despite the fact that the Final Four matchups take place this weekend, the hype just doesn’t seem to interest me. The NCAA men’s basketball championships are a strange tournament, one where excitement seems to move in an inverse direction, contrary to the nature of typical elimination tournaments. Other sports that feature postseason elimination tournaments generate intrigue as they progress.The argument for the interest behind the progression, and competitive tournaments in general, is that elimination tournaments are refining in nature. This means that in theory, the best team wins in the end. Multi-game series reinforce the notion, as is the case in the NBA. But the single elimination tournament in the NCAA, paired with a patently uninteresting brand of basketball, is perhaps the reason why the wave of March Madness crests a bit soon — around the same time that the NBA becomes interesting to watch.The first reason why March Madness becomes such an interesting watch early on is due in large part to bracket pools. Let’s be honest: if it wasn’t for that one guy who chose his winners based on a school’s colors raking in the dough for the office pool, March Madness would be way less interesting. And yet year in and year out, this tradition sustains the early rounds of what is actually some mind-bendingly boring basketball.College basketball relies significantly less on awe-inspiring displays of athleticism and individual players than the NBA. The college game is one of strategy  — coaches, systems, schemes and plays — as opposed to the NBA’s player-focused tactics. So-called basketball purists say this distills the game to its team-based roots, and they wouldn’t be wrong in saying so. But they would also be wrong in saying that this makes the game more exciting to watch. The strategic game detracts from the overall flow and offensive pacing of games, and the lack of big ticket athleticism pales in comparison to the NBA.I am a fan of basketball in general, but the NBA just happens to be infinitely more fun to watch. Teams in the NBA build around the strengths of a single talent or a core group of talented players — not coaching systems or recruiting carousels. There’s a sense of security and predictability in the identities of individual players and teams that makes NBA fans feel more invested in their teams. But the NBA postseason is more interesting as it progresses: the fact that so much emphasis is placed on individual players’ legacies (LeBron James) or the potential dawn of a new era based on a single, unstoppable talent (Kevin Durant and the Oklahoma City Thunder), the Larry O’Brien trophy just seems like a far more coveted prize than an NCAA championship.It certainly doesn’t help that the end of March Madness marks the beginning of the “actual” NBA season where the playoff races begin to heat up. There was a debate on ESPN First Take a couple years ago between Skip Bayless and Stephen A. Smith where they argued whether or not the last six weeks of the NBA regular season was more exciting than March Madness. Though it seems the general response would be March Madness, the debaters were split: ESPN analyst Skip Bayless chose the NBA, citing MVP races and postseason intrigue and the overall faster pace of the game.Even in a season where my beloved Los Angeles Lakers occupy the territory between “lovably incompetent” and “outright tanking,” and when the MVP race this season between James and Durant has both sizzled and fizzled, the NBA playoff race remains one of the most compelling draws in sports. The dramatic impact of young players such as Anthony Davis and Damian Lillard are exciting new developments, and the postseason intrigue and the potential for a “Big Three Breakup” in Miami this offseason has most NBA fans on the edge of their seats anticipating free agency.The March Madness tournament will end next Monday on April 7 — a little more than a week before the end of the NBA regular season on April 16. The NBA Playoffs will carry the torch of basketball hype well into June. As for college ball, a new national champion will be crowned and another college basketball season will end — not with a bang, but with a whimper.last_img read more