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Tag: Board

CBN sacks board of directors of FBN Holdings, First Bank, reinstates Dr. Sola Adeduntan

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The Governor of the Central Bank of Nigeria, Godwin Emefiele has presented the sack of the whole board of directors of FBN Holdings Plc and its subsidiary First Bank of Nigeria Ltd. The announcement became as soon as made by a tv broadcast in the early evening of Thursday, April 29.Godwin Emefiele cited insider abuse, insider credit rating and breakdown of company governance as the motive in the assist of the sacking of the board of FBN Holdings, Nigeria’s greatest monetary institution. The CBN governor additional presented the reinstatement of Dr Sola Adeduntan as the Managing Director of the intervening time Board after he became as soon as eradicated by the now sacked board of First Bank Plc.According to the Governor, “First Bank of Nigeria is one of Nigeria’s systemically main banks g...
MicroStrategy to Pay its Board of Administrators in Bitcoin

MicroStrategy to Pay its Board of Administrators in Bitcoin

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Image credit score: Michael SaylorThe NASDAQ-listed industry intelligence firm, MicroStrategy, has published in a most fresh filing with the United States Securities and Exchange Commission (SEC) that a pair of of its Board of Administrators will procure their compensations in Bitcoin (BTC). MicroStrategy to Pay in BTC for Board Services Within the Make 8-K document filed with the SEC, the firm disclosed that its non-worker directors would procure Bitcoin as a make of compensation for Board service. Henceforth, all the payable Board costs for the non-worker directors will be converted from US greenback to the cryptocurrency and transferred to their designed wallet contend with, essentially based mostly on the modified compensation arrangements. The pattern comes amid the Board’s ded...
CBSE board: Centre postpones class 12th, cancels 10th checks

CBSE board: Centre postpones class 12th, cancels 10th checks

Business
Amidst a surge in Covid19 cases, the Centre has determined to place off the CBSE board checks of sophistication 12th and cancel checks of sophistication 10th. The determination comes after High Minister Narendra Modi on Wednesday noon held a gathering with Union Education Minister, Secretary and senior officers on the contentious downside of holding CBSE checks at some level of the most modern 2d wave of Coronavirus pandemic. Now the board checks of sophistication 12th to be held from Could unbiased 4th to June 14th, 2021 had been postponed. The downside will be reviewed on June 1 by the board and the indispensable facets will be shared subsequently. A witness of no lower than 15 days will be given sooner than the initiating up of the examinations. In the intervening time, the centre has...
TVB CEO Trace Lee Step Downs Amid Board Force

TVB CEO Trace Lee Step Downs Amid Board Force

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By huynh on April 10, 2021 in Hong Kong, NEWS The management shake-up at struggling Hong Kong state TVB continues, as CEO Trace Lee (李寶安) shall be stepping down. The 65-yr-frail will formally retire on his non-public accord after the Might well 26 shareholder meeting, leaving open speculations over who will succeed him. Drastic measures, at the side of latest management changes, were urged by majority shareholder and chairman of the government board, Li Ruigang (黎瑞刚). Harshly criticizing the state for dropping its aggressive edge in the previous 10 years, Li Ruigang demanded sweeping changes to be made abruptly. Since becoming CEO in 2015, Trace has labored to propel TVB’s community to succeed in a grand broader target market. He implemented the OTT carrier platform for plenty of ...