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Tag: board

Thibaut Courtois hesitant to commit future to Chelsea, wants board to spend big

Thibaut Courtois hesitant to commit future to Chelsea, wants board to spend big

Sports
Could Courtois be off to Madrid? Sunday, May 20, 2018 Thibaut Courtois may not know where his or manager Antonio Conte's future lies, but the goalkeeper is sure that Chelsea need to spend big to compete in the Premier League next season. Eden Hazard's first-half penalty saw the west Londoners beat Manchester United 1-0 to lift the FA Cup on Saturday evening at Wembley. It was the best moment in a frustrating season as Chelsea failed to build on last season's league triumph, with a tepid title defence underpinned by background tension that leaves many speculating Conte will soon leave. Courtois is not sure where the Italian's future lies - "Whatever he or the club decides, they will know what they do," the goalkeeper said - nor does he kn...
Dixons chief in talks to join M&S board

Dixons chief in talks to join M&S board

Business
The outgoing chief executive of Dixons Carphone's British operations is ‎in talks to join the board of Marks & Spencer (M&S) as its chairman tries to bolster a board criticised for its dearth of retail expertise. Sky News has learnt that Katie Bickerstaffe, who recently announced her intention to leave the electrical goods chain, is close to an agreement to become a non-executive director at M&S.Sources said her appointment was likely to be confirmed in the coming weeks.It forms part of a planned overhaul of M&‎S's board by Archie Norman, the company's new chairman, who is keen for its crop of non-executives to have more direct experience of a fast-changing retail industry. Image: Archie Norman is in talks to recruit Ka...
Allahabad Bank board to meet Tuesday to take action on CEO

Allahabad Bank board to meet Tuesday to take action on CEO

Finance
KOLKATA: Allahabad Bank has called an emergency board meeting on Tuesday following Finance Ministry's direction to take away all executive powers from bank's chief executive officer Usha Ananthasubramanian while Reserve Bank of India has put fresh business restrictions on the bank for poor financial results. The government said it has initiated action for removal of Allahabad Bank chief executive officer and two executive directors of Punjab National Bank after Central Bureau of Investigation filed chargesheet against them in connection to fraud at PNB involving diamond trader Nirav Modi. Ananthasubramanian was the managing director at PNB between 2015 and 2017, before she was appointed as head in Allahabad Bank. Allahabad Bank called the board meeting late Monday, two people in the kno...
Banks Board Bureau has some key suggestions for PSBs

Banks Board Bureau has some key suggestions for PSBs

Finance
The Banks Board Bureau (BBB), headed by Vinod Rai, completes two years on March 31. The government says it has no plans to scrap the bureau but there is no clarity on its role going ahead. BBB has released a compendium of its recommendations on reforms at public sector banks (PSBs) in a report that also cites a lack of engagement with the agency by the government. Here are some of its key suggestions:APPOINTMENTS* Ownership-neutral guidelines for appointment to boards of banks * Boards should be empowered to appoint part-time/non-executive directors COMPENSATION*Delink bank compensation from those of civil servants; introduce performance-based compensation * Short-term variable salary component * Long-term component of stock options PERFORMANCE ASSESSMENT* Relative performance rating (RPR...
Banks Board Bureau backs RBI, says govt still to act on its recommendations on PSBs

Banks Board Bureau backs RBI, says govt still to act on its recommendations on PSBs

Finance
NEW DELHI: Days before its term ends, the Banks Board Bureau (BBB), led by former comptroller and auditor general Vinod Rai, has said that several of its recommendations were lying with the government and pitched for widening its mandate and greater dialogue over restructuring of public sector banks (PSBs). It also pointed out that the RBI does not have powers to regulate PSBs the way it does with private banks. The statement from BBB, in a report made public on Monday, is in line with the recent stance taken by RBI governor Urjit Patel, who had suggested that the regulator did not have sufficient powers to regulate public sector players, something that the gover nment has contested. “Everyone wants more powers saying they do not have enough. The only power available to us is to appoint