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NEC announces executive personnel changes

ruth
1 minute

TOKYO, Jan 30, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation ("NEC"; TSE: 6701) today announced executive personnel changes that will become effective as of April 1, 2023, and a decision made at the meeting of the Board of Directors held on January 30, 2023, to transition NEC's structure to a Company with a Nominating Committee, etc. as well as executive personnel changes that are both subject to approval at the Ordinary General Meeting of Shareholders scheduled to be convened in June 2023 ("GSM").The Board of Directors will consist of 5 inside directors and 7 outside directors, with the majority of the directors being independent outside directors. In addition, 12 new Corporate Officers will be appointed, including 2 women and 2 foreign nationals, as part of strongly promoting the strategy execution of the Mid-term Management Plan 2025 from a variety of perspectives.For the full press release, please visit www.nec.com/en/press/202301/images/3003-01-01.pdf. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

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TMC Announces Changes to Executive Structure

ruth
2 minutes

Toyota City, Japan, Jan 27, 2023 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its executive structure effective April 1, 2023, and changes to its Board of Directors effective the date of its 119th Ordinary General Shareholders' Meeting as described below.1. Changes to executive structure effective April 1, 2023Takeshi Uchiyamada will resign from his post as Chairman of the Board of Directors. Akio Toyoda will be appointed the new chairman and Koji Sato the new president and Chief Executive Officer.2. Changes to the Board of Directors effective the date of the 119th Ordinary General Shareholders' MeetingThe formal appointment of members of the Board of Directors will be formalized after approval at the 119th Ordinary General Shareholders' Meeting. The formal assignment of board members with specific titles, and the appointment of board members with the legal status to represent TMC (representative directors), will be made at the board of directors meeting following the 119th Ordinary General Shareholders' Meeting. The resignation of board members leaving their current posts will become official on the day...

ACN Newswire

Kitchen Culture’s Extraordinary General Meeting (EGM) on 25 November 2022: 100% of eligible votes were cast in favour of all Resolutions

indie
5 minutes

SINGAPORE, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - The Relevant Shareholders[3] of Kitchen Culture Holdings Ltd. ("Kitchen Culture", "the Company" or "the Group") today announced that all Resolutions tabled at the Extraordinary General Meeting held on 25 November 2022 were approved, with 100% of eligible votes cast in favour of each Resolution and none against.Mr Liu Yanlong, a representative for OOWAY Group Ltd, commented on the results of the EGM voting, stating, "The results of the EGM held today confirmed the lack of trust and confidence in the current Board of Directors by shareholders of Kitchen Culture and their wish to give a new Board of Directors the mandate and opportunity to steer the company forward and in a direction that will create shareholder value.The fact that all resolutions were passed with 100% of the eligible votes cast clearly reflects this."The Relevant Shareholders are also confident, pursuant to legal advice received, that the Resolutions passed at the EGM to appoint 5 new Directors (See Annex A) and remove the 5 incumbent Directors (See Annex B) fulfil all statutory and constitutional requirements of the Company, the Companies Act 1967, as well...

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The Hong Kong Institute of Directors Holds Silver Jubilee Dinner and Presentation Ceremony for Directors Of The Year Awards 2022

indie
4 minutes

HONG KONG, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Institute of Directors ("HKIoD") has announced the winners of the Directors Of The Year Awards ("DYA") 2022. As the flagship project of HKIoD, DYA is one of the most prestigious business accolades in Hong Kong and the first of its kind in Asia. It seeks to recognise outstanding boards and directors, publicise the significance of good corporate governance and promote good corporate governance and director professionalism. The Awards were presented during the Silver Jubilee Dinner that celebrates the 25th Anniversary of both HKSAR and HKIoD, both having operated since 1 July 1997.Financial Services and the Treasury (6th from the left, 1st row) bestows on the long-term loyal members of HKIoD souvenirs in recognition as Silver Jubilee Stars. They joined the membership in 1997, the inception year of HKIoD.Congratulations to the awardees, who are inspiring role models for all directors!This year's theme of work by HKIoD, notably in the Awards, is 'From Resilience to Sustainability', reflective of what directors have learnt over the years as resilience is the most important quality a company needs to survive in the...

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Alexander Bojer is appointed new CEO of Inacta AG as of January 2023

indie
3 minutes

ZUG, SWITZERLAND, Nov 8, 2022 - (ACN Newswire via SEAPRWire.com) - The Board of Directors of Inacta Group AG ("Inacta") has elected Alexander Bojer as a new member of Inacta's group management. He joins Ralf Glabischnig and Marco Bumbacher on the management team from 1 January 2023.Alexander BojerAs CEO of Inacta AG, Alexander will continue to drive forward Inacta's core operating businesses of consulting and product development. Ralf Glabischnig will focus on the further growth of Inacta Ventures and take care of the overall development of the group. Marco Bumbacher will continue to manage the corporate functions of the Inacta Group and act as COO of Inacta AG.Founded in 2009 by Marco Bumbacher and Ralf Glabischnig, Inacta AG is an expert partner for digital transformation and innovation. Leading Swiss companies rely on Inacta's digitalisation know-how and products. For the past five years, Inacta has additionally focussed on blockchain and related areas of innovation, where it plays a pioneering role.Inacta Ventures is the Inacta Group's own venture-building structure that identifies new business models, designs business models and transfers them into its own start-ups or joint v...

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HKIoD joins Climate Governance Initiative and launches CGI Hong Kong Chapter

indie
5 minutes

HONG KONG, Sep 26, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Institute of Directors ("HKIoD") announced at the Directors' Conference 2022 that it has joined the Climate Governance Initiative ("CGI") and launched the CGI Hong Kong Chapter ("CGI HK").CGI is a global initiative the World Economic Forum started in 2019, with the aim of encouraging boards worldwide to address climate change issues in their businesses. It upholds eight principles: 1. climate accountability on boards, 2. command of the subject, 3. board structure, 4. material risk and opportunity assessment, 5. strategic integration, 6. incentivisation, 7. reporting and disclosure, and 8. exchange.Dr Moses Cheng, Honorary President and Founding Chairman of HKIoD, GBM, GBS, OBE, JP, said, "Climate risks will seriously affect sustainable development of the human society and corporate environment, and their impacts on the survival and shareholder value of enterprises are even harder to predict. Thus, tackling climate change is a matter of urgency for the human society. At the helm of sustainable development of their corporations, directors are duty-bound and crucial to leading climate governance actions. HKIoD ...

ACN Newswire
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HKIoD Organises Directors’ Conference 2022 – “From Resilience to Sustainability”

indie
3 minutes

HONG KONG, Sep 22, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Institute of Directors ("HKIoD") hosted Directors' Conference 2022 yesterday at the Hong Kong Convention and Exhibition Centre. With the HKSAR and also HKIoD both celebrating their 25th anniversary, the conference this year extended to a full day, featured 11 sessions including power talks and in-depth panel discussions held physically and online with 430 attendees in all.Directors' Conference 2022 held physically and online with 430 attendees in all.Opening address by The Honourable Michael Wong, GBS, JP, Deputy Financial SecretaryIn his closing speech, Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury thanked the HKIoD for organizing this meaningful conference.Welcoming participants to the event, Dr Christopher To, Chairman of HKIoD, said, "In the last five years, Hong Kong has continued to rank high in competitiveness or as a global financial centre in the world, suggesting that Hong Kong is somewhat resilient amid adversities including the pandemic. However, as there are still many looming uncertainties, we must not be complacent. We should learn the true meaning of resilienc...

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Nomination Opens for “Directors Of The Year Awards 2022”

indie
5 minutes

HONG KONG, Jun 22, 2022 - (ACN Newswire via SEAPRWire.com) - The "Directors Of The Year Awards 2022" organised by The Hong Kong Institute of Directors ("HKIoD") is open for nomination now. Themed "From Resilience to Sustainability", the Awards this year recognises directors and boards capable of leading their companies in adapting to changes and, with outstanding governance thinking and practical strategies skills, taking their companies towards sustainable development in the ever-changing business environment.Dr Christopher To, Chairman of HKIoD, said, "Leadership in crisis calls for the ability to rethink and redefine some long-standing values or structure, and also the courage and strength to brave the uphill. In the at large uncertain environment now, we must keep learning, evolving, adapting and changing, to make sure the 'new normal' is a 'better normal'. Marking HKIoD's 25th Anniversary, this year's award is themed 'From Resilience to Sustainability', reflective of what we have learnt over the years. Resilience is the most important quality a company needs to survive in the ever-changing world and sustainability is the ultimate goal of every company. I hope all of you can no...

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SDK to Revise Amount of Director Compensation (in Money) Following Revision of Director Compensation Scheme and to Partially Revise Performance-Linked Stock Compensation Scheme

ruth
15 minutes

TOKYO, Feb 14, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) decided at its board meeting today to submit proposals to the 113th ordinary general meeting of shareholders on March 30, 2022 ("the General Meeting of Shareholders") for revising the amount of director compensation in money following a revision of the director compensation scheme and partially revising the performance-linked stock compensation scheme.1. Background and purpose of the revisionTo achieve its long-term numerical goals set forth in the long-term vision (2021-2030) for the newly integrated company, SDK intends to ensure executive officers' commitment to financial results and enhancement of enterprise value, realization of a co-creation-type chemical company with a commitment to "Change society through the power of chemistry" as well as reflection of the concept of compensation schemes under the long-term vision. Thus, the board resolved to revise the director compensation scheme subject to approval of the General Meeting of Shareholders, and submit proposals concerning revision of the amount of director compensation in money as well as partial revision of the performance-linked stock co...

SeaPRwire

QT Vascular shareholders vote to reject 5 would-be directors in ongoing board tussle

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Shareholders of Catalist-listed QT Vascula on Monday (Dec 6) rebuffed five would-be directors who were up for a vote in an extraordinary general meeting (EGM) in the morning. The resolutions to appoint Tansri Saridju Benui, Christian Kwok-Leun Yau Heilesen, Stanley Leung Yu Tung, Zhou Jia Lin and Chay Yiowmin to the board were each rejected by shares representing 50.2 per cent of valid votes cast, with 35 valid proxy forms received. Their failed candidacies are the latest twist after the board of QT Vascular last week raised concerns over the relationships among the proposed directors. Mr Tansri and shareholder Mission Well had last month requisitioned the EGM to oust then chief executive Eitan Konstantino and 3 other directors from the board of the medtech company. Mr Konstantino has stepped down, but another EGM on Dec 15 will decide the fates of executive director Momi Mimon Brosh and independent directors Eric Sho Kian Hin and Ng Boon Eng. Mr Ng, the independent non-executive director who chaired Monday's virtual meeting, said in a bourse filing that the company had been told by the requisitioning shareholders that there were no shareholder ques...

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The Hong Kong Institute of Directors Holds Annual Dinner and Presentation Ceremony for Directors of The Year Awards

indie
5 minutes

HONG KONG, Dec 1, 2021 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Institute of Directors ("HKIoD") announced the winners of the Directors Of The Year Awards ("DYA") 2021 at its Annual Dinner held at the Hong Kong Convention and Exhibition Centre. The central theme of this year's DYA is "Leading in New Normal". It aims to honour outstanding directors and boards who have fully grasped the recent changes in the business environment and demonstrated excellent leadership skills to lead their respective companies in adjusting their operating policies and striving for sustainable development under the "New Normal". A group photo brings together the 7 awardees (2nd row); guest of honour, Mr Christopher Hui, JP, Secretary of Financial Services and the Treasury Bureau (5th from left, 1st row); and Council Members of HKIoD.Dr Christopher To, Chairman of HKIoD, said, "The epidemic has turned everything on its head, but its impact was not solely negative. Under the new normal, society's digital transformation has taken a huge step forward, and corporates have been more focused on risk management, sustainability, the physical and mental health of employees, etc. These changes are great e...

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Nomination Opens for “Directors Of The Year Awards 2021”

indie
5 minutes

HONG KONG, Jun 3, 2021 - (ACN Newswire via SEAPRWire.com) - The "Directors Of The Year Awards 2021" championed by The Hong Kong Institute of Directors ("HKIoD") is open for nominations today. "Leading in New Normal" is the theme of the Awards this year, aiming to promote a positive attitude and mindset among directors in navigating the complex global environment in 2021. Outstanding directors and boards capable of dynamic steering in circumstances ever-changing, and leading their organisations towards sustainable development will be acknowledged. Dr Christopher To, Chairman of HKIoD, said, "According to a global director survey co-organised by HKIoD, two-thirds of the company directors responded said they have committed 50 percent or more time in leading their companies in recalibrating corporate focus and strategy in the Covid-19 crisis. And, among the respondents who gave high marks to themselves and their management teams, many credited prior scenario planning as a good foundation for responding effectively to the tests brought by the pandemic. From their responses, it is clear that being prepared is the key to success of directors in their roles. This year, we look forward to h...

ACN Newswire
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Corporate Boards Worldwide Navigating Governance Challenges, HKIoD Shares Findings of Global Director Survey 2020-2021

indie
7 minutes

HONG KONG, May 6, 2021 - (ACN Newswire via SEAPRWire.com) - A global research on board governance during the Covid-19 crisis indicated that two-thirds of company directors reported an increase of time commitment by 50 percent or more. The Hong Kong Institute of Directors ("HKIoD") shares the 2020-2021 Survey Report of the Global Network of Director Institutes ("GNDI"), which analyses survey responses fielded in the second half-year of 2020 from a diverse pool of nearly 2,000 directors from 17 director institutes worldwide. HKIoD is a member institute of GNDI, an international alliance of leading director institutes representing more than 150,000 corporate board members.Chairman of HKIoD Dr Christopher To noted, "This GNDI Survey Report provides timely snapshots of how boards worldwide are navigating the economic and social impacts of the Covid-19 crisis. How our fellow directors recalibrated their board foci and strategies generated good references not just for now but also for the foreseeable future, as the impacts of Covid-19 will linger for some time. Globally directors must act and have acted quickly in changing. This crisis poses opportunity to rethink, revalue, restructure, r...

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HKIoD Releases Revised Guide for INEDs

indie
5 minutes

HONG KONG, Apr 7, 2021 - (ACN Newswire via SEAPRWire.com) - Amidst the economic decline for many sectors under the Covid-19 impact, the financial sector is faring with vibrancy. Witness the IPO line-up on HKEX and the financial trading activities. The investing public continues to place stake on listed issuers' performance, which comes with the expectation on corporate governance led by boards of directors. An important board role under public scrutiny is that of the independent non-executive director ("INED"). To provide up-to-date practice guidance, The Hong Kong Institute of Directors ("HKIoD") releases a complete revision of one of its flagship publications, Guide for Independent Non-Executive Directors ("the Guide").Drawing increasing attention from the public and in particular from regulators and stakeholders, the role of INED when performed well adds value to the board. Author of the Guide, Dr Carlye Tsui Wai-ling, CEO of HKIoD, highlights the implication, "Taking up an appointment as an INED carries with it an honour in trust bestowed, a commitment to service and acceptance of expectation in professionalism." The Guide aims to provide practice notes and advisory tips in con...

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The Hong Kong Institute of Directors Announces Winners of Directors Of The Year Awards 2020

indie
4 minutes

HONG KONG, Nov 26, 2020 - (ACN Newswire) - The Hong Kong Institute of Directors ("HKIoD") has announced the winners of Directors Of The Year Awards ("DYA") 2020, which is a project that reaches the milestone of 20th Anniversary. This year, it is themed "Vanguard in Challenging Times".Dr Christopher To, Chairman of HKIoD, said, "Hong Kong is facing a complex situation that has never been seen before. Unanticipated political developments combined with an unprecedented epidemic and rapid digitisation have made it difficult for the commercial sectors to plan and implement development strategies. Amid such challenging conditions, the foresight and governance capability of business leaders have never been more important. They have to respond quickly to protect the interests of stakeholders, while adhering to corporate principles. Through the Awards, we hope to recognise outstanding directors for their insightfulness, as well as to inspire and encourage corporations to demonstrate outstanding corporate governance. Together, we can overcome any difficulty."Mr Kenneth Wong, Chairman of 2020 Directors Awards Organising Committee, said, "In the past, it took years to determine whether a busin...