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...Veteran fund manager Martin Gilbert faces an investor backlash over his role as executive chair of AssetCo and over a lack of diversity on the Aim-listed company’s all-male board at its annual meeting next...
...The Schroder family owns 44.1 per cent of the asset manager, and for more than four decades there have been two board members connected to the family....
...Even so, the proper focus of board members’ ire about revolting shareholders ought to be asset owners and managers themselves rather than the agencies they hire....
...In a brief outbreak of bipartisanship last weekend, the US House of Representatives approved long-stalled $60bn aid to Ukraine that will be a vital boost to Kyiv....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...Members of the House of Lords, which fought unsuccessfully to modify the bill, noted that parliament might similarly legislate to declare, say, that black is white, all dogs are cats or — more seriously...
...Cork’s pitfalls are part of the reason it is largely reserved for cladding and insulation, though CSK Architects put its structural capacity to the test with the single-storey Cork House....
...Chris Rossbach, a fund manager at J Stern & Co, said it had voted in favour of Disney’s board recommendations....
...But as a Boeing director since 2009, he was on the board when the crashes happened and — though Covid intervened — has had four years at the helm to fix the problems....
...Nick Hardwick, a former HM Chief Inspector of Prisons and ex-parole board chief, was the preferred candidate of the House of Commons to become the head of the Parliamentary and Health Service Ombudsman,...
...Yet fund managers still sense a buying opportunity....
...On Thursday, Bayer also announced the early departure of the head of its consumer health unit, Heiko Schipper, who will be replaced by Julio Triana, a senior manager in the group’s pharma division....
...That is the question active fund managers fear too many investors are now asking themselves....
...The date and agenda of the next FDIC board meeting are expected to be announced shortly....
...A grandson of French billionaire François Pinault has joined the board of Christie’s in the first sign of third-generation succession planning within the family behind luxury group Kering....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...The Financial Stability Board, which includes the world’s leading finance ministers, central bankers and regulators, said on Wednesday that after assessing a series of recent market panics, many funds and...
...Apple’s iPhone is one of the world’s most innovative and popular gadgets. With more than 1bn daily users, it has created a whole new industry and forms of digital behaviour....
...Latin American nations like the idea. The White House is said to be supportive. Yet the bill will struggle to win attention from legislators in an election year....
...And the US, better late than never, is about to appoint a special envoy, widely trailed as Tom Perriello, a former Democratic congressman. He needs strong White House backing to be effective....
...The US House of Representatives last week passed a bill that would in effect ban TikTok in America unless its Chinese owner sells the video-sharing app....
...The UK asset manager has kicked off the search for a replacement for Alastair Barbour, who has been on the board since April 2011 and took over as chair in September 2019....
...A few years later, one of its founding members, a southern governor named Bill Clinton, was in the White House....
...The purchasing managers’ index survey of output prices has also been strongly tracking US inflation, and implies easing pressures ahead....
...Concord will provide the majority of the equity financing, with a minority of equity as well as debt from asset manager Apollo....
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