The decade-old act that continues to keep a watchful eye. But is it enough?
The importance of secure internal financial control systems have long been realised by the business community. The Sarbanes-Oxley Act, 2002, named after Senator Paul Sarbanes and Representative Michael Oxley, has, however, shifted the responsibility for t...
With millions of dollars at stake in every-day global transactions, the need to process corporate actions correctly is paramount
The riskiest business line for custodians is corporate actions. The current approach inserts risk deep into the system at a sizeable cost to deal with risk consequences. This is driven by the need to multi-source, scrub, reconcile, and often manually re-e...
IGM Financial has a governance model developed over many years
IGM Financial is one of Canada's premier financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products. It trades on the Toronto Stock Exchange (TSX: IGM) and has a market capital...
Montreal-based Power Corporation of Canada is diversifying its international portfolio of funds to increase shareholder value
Founded in 1925, Power Corporation initially had interests in hydroelectric services. As the industry was gradually nationalised in the decades after, Power Corporation used the resulting capital to invest in a range of companies. Meanwhile, Paul Desmarai...
More and more organisations, from Apple to RBS, have recognised the importance of better investor relations
Investor relations is a term that is used to encompass the organised efforts of a publicly traded business to keep investors informed of what is happening within the company and with their investments in that company. Many businesses create a structured i...
Companies across the globe – including BMW, Unilever, HP, are increasing their CSR credentials
The concept of CSR is embraced by companies all over the world, with many choosing to comply with ISO 26000, a statement and guideline developed by the International Organisation for Standardisation in 2010. There are examples of exemplary implementation ...
The performance opportunities and cross-sectoral benefits generated by sustainability management and reporting have become even more compelling, writes Abdulkareem A. Abu Alnasr
In 2008, the responsible competitiveness initiatives of the King Khalid Foundation and SAGIA sought to catalyse awareness of sustainability issues. Three years on, I believe the time is now right for leading Saudi corporations to adopt sustainability repo...
Lonpac Insurance has made it its priority to focus on some of its newer business arms to ensure it offers the best service to its clientele
Lonpac Insurance is in a league of its own as it listens, learns and acts. The company’s receptiveness to customer needs, and its solid financial performance year after year, have undeniably turned the insurer into one of the winners within the Mala...
Business modernisation in rapidly growing economies is appealing to numerous international investors, who are shying away from the economic situation in Europe and the US
An increasing number of investors are turning their hand to international markets to harvest cross-border opportunities. Now more than ever, it has become crucial for companies to use their investor relations to connect with oversees governments to help f...
234.1% of GDP, pariah of debt markets, but with hopes for a healthy twelve months ahead
197.5%, hard-hit by the tsunami, and reeling from the internal corruption allegations
142.8%, possibly heading for default, and considered one of many eurozone bad boys
133.8%, deceptively, has a strong banking sector, but little more in an ailing economy
126%, hopelessly indebted banks and very little light at the end of a long and gloomy tunnel
119% of GDP, in need of reform, paying over 7% for its debt thanks to technocratic leadership
106%, to many an idyllic investment destination, a great borrower, repayer, and long term option
101%, no government for most of 2011 didn’t help a weak economy in dire need of stimulus
90%, high but it’s recovering from a long and protracted revolution and aiming high
82%, stronger countries like Germany are contaminated by the weakest. It could go on…