News That Matters

Tag: board

Government appoint S Gurumurthy, Satish Marathe as part-time directors on RBI board

Government appoint S Gurumurthy, Satish Marathe as part-time directors on RBI board

Finance
The government on Tuesday appointed journalist S Gurumurthy and Satish Marathe patron of Sahakar Bharathi as part-time directors on the Reserve Bank of India (RBI) board after an approval from the appointments committee of the cabinet. Both appointments are for a four year term. In a release the government said that both appointments were approved by the appointments committee of the cabinet after a proposal from the department of financial services. S Gurumurthy is currently the editor of Tamil political weekly Thuglaq and also the co-convenor of RSS affiliate Swadeshi Jagran Manch. Marathe is the patron of Sahakar Bharati an NGO furthering the co-operative moment in India. The latest appointments take the total government appointed directors on the RBI board to 10, the maximum permitted...
Fiat Chrysler board meets in light of CEO's surgery

Fiat Chrysler board meets in light of CEO's surgery

World
The boards of Fiat Chrysler, Ferrari and CNH Industrial were called to urgent meetings Saturday in Italy in light of executive Sergio Marchionne's recent surgery and prolonged convalescence. The La Stampa daily, the hometown newspaper of Fiat's headquarters city, Turin, where the boards were summoned to separate meetings, said the huddles were called to discuss who would succeed Marchionne. The 66-year-old Italian-Canadian holds multiple leadership roles in the companies, notably as CEO of FCA — Fiat Chrysler Automobiles. Statements from the boards were expected later Saturday. Marchionne had shoulder surgery three weeks ago in Switzerland, the Corriere della Sera newspaper reported. News reports have indicated his convalescence was taking longer than expected. The CEO of Fiat sinc...
The power of more than one woman on a board

The power of more than one woman on a board

Finance
The number of female Fortune 500 CEOs is shrinking Three is a powerful number, especially when it comes to putting women in positions of power. Within a boardroom, one woman — or even two — isn't enough to shift a culture, research shows. Although a majority of companies in the S&P 500 have at least one woman on their boards, only 25% have more than two, according to a recent study from PwC. But that's still not enough, according to Vicki W. Kramer, lead author of "Critical Mass on Corporate Boards." "The power of three" is the tipping point that brings change to the company culture, she says. Related: The key to more female CEOs: more female board members "Three really makes a difference," she says. "Women said they felt more comfortable and they cou...
The key to more female CEOs: More female board members

The key to more female CEOs: More female board members

Finance
The number of female Fortune 500 CEOs is shrinking You've seen the headlines about the lack of female leadership, the challenges women overcome to reach the C-suite and the dwindling numbers of women at the top. Some companies are testing out structured mentoring, empowerment programs and ambition summits to fix the problem and correct gender imbalances. But other experts say this may not be a bottom-up problem as much as a top-down one, which begins with a startling lack of diversity on company boards. Related: Why it matters so much every time a woman CEO leaves A majority of companies in the S&P 500 have at least one woman on their boards, but only 25% have two, according to a recent study from PwC. In order for boards to appoint more female CEOs, there first ...
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...