UK rules out mandatory membership in investor fora

first_imgInstitutional investors should not be forced to join collective engagement bodies, such as the investor forum proposed by the Kay Review on long-term investing, as mandatory membership could damage any forum’s credibility, the UK government has said.The Department for Business, Innovation and Skills (BIS) questioned whether a revised draft of the Stewardship Code should include a proviso that investors must join a collective engagement body.“Existing investor bodies for collective engagement, and any new forum that is created, rely on a well-informed and highly motivated membership to operate effectively,” BIS noted in its response to a parliamentary committee report on the Kay Review.“We are therefore concerned such a provision would encourage investors to sign up to such fora simply to ‘tick the box’,” it added, “thereby potentially damaging the quality and credibility of the fora without improving the quality of the engagement.” The department voiced similar concerns when explaining why it did not agree with setting quotas for membership of the Stewardship Code, overseen by the Financial Reporting Council (FRC).“We worry about setting specific targets for levels of sign-up to the Code, which risks a tick-box mentality at the expense of genuine commitment to stewardship,” it said.The response added that signatories already covered most large asset managers, accounting for around 40% of the UK equity market.“With such a significant proportion already signed up to the Code, government action now needs to focus instead on ensuring lasting improvements to the behaviour of market participants,” it said.It also added that pension funds could still be subject to mandatory disclosure requirements, forcing them to publish “the nature of their commitment to the Stewardship Code on a ’comply or explain’ basis”.Christine Berry, head of policy and research at ShareAction welcomed the government’s plans for greater disclosure.“It’s welcome that the government is considering steps to enhance the disclosure framework for asset owners on stewardship issues,” she said.“Comply-or-explain relies on scrutiny from below: just as we expect companies to be transparent to their shareholders and asset managers to asset owners, so pension funds should be expected to account to savers for their stewardship activities.”The response from BIS continued: “However, it is equally important asset owners such as pension schemes develop their understanding of stewardship and their capacity to effectively integrate it into their process for allocating investment mandates to asset managers.”BIS also suggested that the preparation of a Statement of Investment Principles could be better aligned with the existing Stewardship Code.,WebsitesWe are not responsible for the content of external sitesLink to UK government response to committee report on Kay Reviewlast_img read more

More Super Nationals pit stalls get RESERVED designation

first_imgBOONE, Iowa – Another 46 pit stalls have been designated as reserved for the Sept. 5-10 IMCA Speedway Motors Super Nationals fueled by Casey’s.Stalls in Section JJ (along the fence in the north field, next to Manufacturers’ Row) and Section II (in the south pit area) are all on grass, 12 feet wide and 100 feet long.“We have reserved areas where the longer haulers absolutely need to be in,” IMCA President Brett Root said. “We have reconfigured the south pit area in order to accommodate the longer haulers and will do our best to keep them out of the roadways during the event.”Stalls in Section HH (north of turn 3) are 60 feet long, also grass and also newly designated as reserved, meaning all stalls in the main pit area will be reserved.The new pit overflow area near the cell tower area has been designated for divisions with one-day programs … the Southern SportMods on Monday, Sport Compacts on Tuesday and Deery Brothers Summer Series Late Models on Thursday.“Both pre-entry and pit stall application forms are on the IMCA and Boone Speedway websites,” noted Root. “I encourage drivers planning to compete at Super Nationals to complete both if they hope to get reserved pit parking as soon as possible. We are not accepting reserved pit parking reservations from any drivers who are not pre-entered as well.”Questions about pit parking should be directed to Pit Parking Coordinator Belinda Davis at 515 689-3027 or the IMCA home office at 319 472-2201.last_img read more

Ebi: We’re Motivated to Fly Past Cameroon

first_imgThe Falcons arrived Accra on Sunday and trained at the Priesec School in Legon, ahead of the official training at the Accra Sports Stadium on Monday evening.Reigning African Woman Player of the Year, Asisat Oshoala, added: “Our captain has said it all. We are here and we are very happy because our welfare is being attended to. We have received from the NFF the things we have asked for, and we believe they are ready to do even more if we also do more.“Losing to South Africa in our first match is a big lesson we have taken to heart, but we have put it at the back of our minds having learnt from it. Any team can lose if it doesn’t give its all, or fails to come to the party.“On Tuesday, we will come to the party strong and focused and we will do the needful.”A 4-0 win over Zambia in Cape Coast on Wednesday zoomed the Falcons back into contention following an opening-day 0-1 loss to the Banyana Banyana of South Africa, and the 6-0 mauling of Equatorial Guinea on Saturday sent the Nigerians into another semi final stage – a stage they have never failed to reach at the Women Africa Cup of Nations.The winner of today’s battle will earn an automatic ticket to next year’s FIFA Women’s World Cup finals in France, with the loser having another opportunity as the third placed team will also get a ticket.The loser will take on the loser of the second semi final between South Africa and Mali (also on Tuesday evening, in Cape Coast) to determine who bags the third ticket to France.The kickoff is 3.30pm Ghana time and 4.30pm Nigeria time.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Captain Onome Ebi has declared that the Super Falcons are in the right frame of mind to give their all and subdue Cameroon’s Lionesses in today’s Women AFCON semi final battle in Accra.“We are in very high spirit. The entire team is well motivated. Our immense gratitude goes to our father, the President of Nigeria, President Muhammadu Buhari, as well as the NFF led by its President, Mr. Amaju Pinnick. The government has done well to put us in good frame of mind and the NFF has done their own part. It is now for us to repay the good gestures.“We know that if we continue to win, it means more money in our pockets. And surely, we want to win more and make more money. The Cameroonians cannot stop us from the World Cup or from retaining our Cup. The Cup is ours.”last_img read more

Title number 17 for Commercials

first_imgPhoto © Tipp FM Two second half goals proved decisive for Clonmel Commercials, as they overcame Killenaule to claim their 17th County Senior Football title at Semple Stadium last evening.Richie Gunne scored the first, 23 minutes into the second half for Commercials proved to be the decisive score, pushing them four points ahead.Then a goal for corner back Jamie Peters in the last minute of normal time put some real daylight between the sides. The game finished up 2-09 to 8 points.Peters says they’re delighted win the win.last_img read more

NFF’s Autonomy Imminent as Senate Passes Bill Abrogating NFA

first_imgBoth the House of Representatives and the Senate had way back in 2017 and 2018 passed different versions of the bill before a committee was set up to harmonise them into one and send it for final approval of the Red Chamber.“This is one of those important issues as far as football is concerned in the country. It brings the Nigerian football administration in line with global best practice,” Senator Sani began.“Following the consideration and passage of the bill for an act to repeal the Nigeria Football Association (NFA) and enact the Nigeria Football Federation (NFF) and other matters connected therewith 2019 by the Senate and House of Representatives on Tuesday, 30th of May 2017 and Thursday, 8th of March 2018 respectively, the two chambers set up a conference committee.“The conference committee met to harmonise the differences as passed by the two chambers. After scrutiny of the bill, the conference committee adopted the house version,” stressed the Kaduna senator.Senate President, Bukola Saraki thereafter put the report to vote and approvedSaraki described the approval of the report as landmark.“It is a landmark bill that we have just passed,” he said.“For over 20 years now, we have been trying to improve on the situation of football in this country in line with global best practice but it has always been stampeded for personal reasons.”The approved bill can be summarized into five major components which encompasses a whole new profitable and dynamic structure:– It recognises the NFF as the body to manage and regulate football activities in Nigeria in line with its statutes as approved by FIFA.– It recognises the NFF statutes as drafted by its members and approved by FIFA as the Supreme Laws for the governance of the functioning of the organisation, administration and operations of the NFF.– It recognises that the statutes of the NFF may be amended from time to time in accordance with the procedures and process stipulated in the statutes.– It recognises football as a national asset and thus entitled to special privileges, concession and from time to time to receive grants, subventions and/or appropriation from the government in furtherance to its objectives and functions and to facilitate the overall development of football in Nigeria.– It will provide the framework of the minimum provisions the statutes shall contain to ensure good governance, management, and operations of the NFF and in line to the minimum threshold provided by FIFA to be contained in all the Federations’ statutes and other provisions to support football development.These are the focal points of the Act with the itemized point emphasizing that the NFF will not be hindered from receiving grants or subvention from the government despite their autonomy.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Deji Elumoye in AbujaThe law that changed the name of Nigeria Football Association (NFA) to Nigeria Football Federation (NFF) was one of the 11 bills passed yesterday by the upper chamber of the National Assembly.Senator representing Kaduna Central, Shehu Sani was the one who moved for the consideration of the bill changing NFA to NFF in the Senate.last_img read more

NBA playoffs: Rockets outlast Warriors to level Western Conference semi-final

first_imgJames Harden scored 38 points and the Houston Rockets held on for a 112-108 win over the Golden State Warriors on Monday night to even their Western Conference semi-final series at 2-2.The Rockets were up by nine before the Golden State scored the next seven points, capped by a three from Stephen Curry, to get within 110-108 with 19 seconds left.Harden made one of two free throws with 11.5 seconds left. Kevin Durant missed a three after that. But the Warriors got the rebound and Curry also missed a three-point attempt before Golden State were forced to foul Chris Paul. He made one of two free throws to secure the victory.After losing the first two games of the series on the road, the Rockets head back to Golden State for Game 5 on Wednesday night with momentum on their side after their overtime win in Game 3 before Monday night’s victory.The Warriors got 34 points from Kevin Durant, who had 46 in the Game 3 loss. Curry, who was criticized after shooting seven for 23 in Game 3, got off to a good start, scoring 11 points in the first quarter. He cooled off after that, but finished with 30 points on 12 of 25 shooting. Source: Guardian UKlast_img read more

Kenley Jansen’s search for answers ‘vital’ to Dodgers’ 2020 hopes

first_imgGLENDALE, Ariz. — For five seasons from 2013 through 2017, life at the back end of games was good for Kenley Jansen.Hitters flailed at his cut fastball. The pitch was compared favorably to the cutter that carried Mariano Rivera through a Hall of Fame career. Jansen was as close to a sure thing as you could find in baseball, converting 196 of 214 save opportunities. He won the Trevor Hoffman Award as the top reliever in the National League twice and had one of the best seasons in history by a reliever in 2017 (a 1.32 ERA, 0.76 WHIP and 41 saves in 42 save opportunities).The last two seasons – really, everything since Marwin Gonzalez took him deep in Game 2 of the 2017 World Series – have been filled with challenges and the unfamiliar feeling of having let his teammates down.On a personal level, Jansen has endured renewed heart problems that necessitated a second ablation procedure following the 2018 season. His mother’s health problems gave him pause, reminding him how nothing is guaranteed in life (and prompting him to spend most of this winter close to family in Curacao). And on the field, his cutter – the pitch whose natural movement Jansen said came from God and carried the former minor-league catcher to prominence as a big-league closer – all too frequently betrayed him. It lost movement and velocity.Jansen knows it. Hitters let him know it. And fans let him know that they knew it too.“Listen – everybody can have down times, good times,” Jansen said this spring. “But you always have to carry your confidence out there to get better. I trust myself. I’m always gonna trust myself and I’m never going to stop trusting myself.”That trust only goes so far. Jansen spent his offseason searching for answers and his spring devoted to the solutions he thinks he found.As much as he would like to recapture the pitcher he was in 2013-2017, Jansen does not fool himself. He knows you cannot turn back the clock or reset the odometer. Dodgers hit seven home runs, sweep Colorado Rockies Cody Bellinger homer gives Dodgers their first walkoff win of season Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco “I think it is going to change. I think it should change,” Roberts said. “I don’t know the exact percentages but now when you layer in the two-seamer, which he started on last year and having more confidence in the slider, I just think it’s going to help everything play up.“Him having confidence in those secondary pitches is a good thing.”Though they won’t admit it publicly, the Dodgers’ confidence in Jansen was shaken last year. The most striking evidence came in the decisive Game 5 of their National League Division Series with the Washington Nationals. Roberts’ ill-fated pitching decisions seemed reverse-engineered to avoid putting the game in Jansen’s hands.This spring, even as they assembled potential options to replace Jansen at closer (Blake Treinen? Brusdar Graterol? Pedro Baez?), the Dodgers have expressed confidence in Jansen’s ability to recapture his standing.“Even last year, with all of the challenges that were documented, it was still a really good year. It was well above average for a reliever,” Friedman said. “Now, he had set such a high standard that relative to himself it was a disappointment. But it was still well above average. I think the point is just continuing to grow and have a better 2020 than he had in 2019 and the degree to which he does that I’m not sure. But I’m excited to watch.”Nothing can kneecap a team with championship aspirations faster than a shaky closer. Roberts is aware of that.“It’s vital. It’s vital,” he said of the importance of having a more reliable Jansen. “To have a guy at the back end with his pedigree, it’s vital.”center_img Newsroom GuidelinesNews TipsContact UsReport an Error Dodgers’ Max Muncy trying to work his way out of slow start “Be me now, you know,” he said of his goal. “This is who I am today. We can’t think about yesterday. We don’t know if we’re gonna live tomorrow. So, can I be myself, who I am today, and be better? So that’s what I’m gonna be.“Every day I’m gonna come in, whoever I am today and let’s try to get better each day. So I’m not trying to focus on who I was or what can I do. How can I help this team win ballgames now? That’s how I’m gonna think about it moving forward.”The first step last fall took him to Driveline, the data-based performance training complex near Seattle that has become the destination resort for a growing number of pitchers. Jansen said he had heard about the work being done there and talked with his agent about going. When he heard that teammate Clayton Kershaw had made a visit, Jansen was sold.He went through the motion-capture video analysis there – “I was practically naked,” he said of the process of throwing with monitors attached to his limbs. What he learned was something he kind of knew – a spring 2018 hamstring injury had initiated a dominoes tumble of changes in his mechanics.The video showed his stride had shortened, his front leg was opening up toward first base and his arm slot had drifted, exposing the baseball sooner to hitters and making for a more comfortable at-bat.“I think he had a little bit of a light-bulb moment while he was there,” Dodgers president of baseball operations Andrew Friedman said. “I think things made a lot more sense to him and kind of put him on a path to very specific work he was doing this winter.“It’s not hard to chart when his stuff kind of backed up. It was directly after the hamstring injury. We’ve talked about this a lot – him being a big-bodied guy how much easier it is for that kinetic chain to get out of whack. … He had a natural cut to his fastball that took everything being in sync and on time. As soon as any part of that changes at all, it just created a little bit of a different throw.”Jansen has adopted the series of weighted-ball exercises recommended by Driveline (aimed at restoring arm strength, arm speed and adding velocity). Any given morning this spring, Jansen could be seen firing one of the weighted balls into a wall or off a small trampoline at his feet. Another exercise has him turning his back to the wall (or a catcher), adopting what looks like a tai-chi stance, then spinning and firing.“It took a lot to get to that point,” Dodgers manager Dave Roberts said of Jansen’s offseason search. “And I think that, you know, as a player you always want to feel good. And sometimes you just can’t understand why the ball – whether it’s characteristics, whether it’s velocity – is not doing what you expect it to do. But last year was a tough year for Kenley. So it was kind of a situation where he realized that he wasn’t right all year long and he was kind of tinkering and trying to figure it out. To his credit, he exhausted every option and he’s in a really good place mentally and physically.”Jansen’s velocity has been up during his Cactus League appearances and, based on the swings of opposing batters, the movement has improved. At the same time, he has realized he can no longer live on his cutter alone. He threw his slider a career-high 12.7 percent of the time last season and worked with Rick Honeycutt and Orel Hershiser this spring to adopt a new grip that should produce a sharper break. His two-seam fastball could also become a more frequent part of his arsenal this season.For the first 10 seasons of his career, Jansen has thrown his cutter 92 percent of the time. That figures to change now that he has gained confidence in other pitches.Related Articles How Dodgers pitcher Ross Stripling topped the baseball podcast empire last_img read more

Johnny Manziel assigned to AAF’s Memphis Express

first_imgManziel, 26, was the first freshman to win the Heisman Trophy. He went on to be selected in the first round of the NFL Draft by the Browns in 2014.He played just two seasons with the team before he was released.He went on to sign with the Hamilton Tiger Cats of the Canadian Football League in 2017. He was traded to the Alouettes in 2018 and released on Feb. 27. AAF offers Johnny Manziel workout after CFL ban Johnny Football could be back on the field soon.Just three weeks after being released by the Montreal Alouettes for violating the team’s contract, Manziel signed the Alliance of American Football’s Standard Player Agreement. He has been assigned to the Memphis Express after going through the league’s waiver process.Welcome to the 901 @JManziel2✈️ | #AllAboard pic.twitter.com/06qoyXzi5z— Memphis Express (@aafexpress) March 17, 2019The agreement is a three-year deal worth $250,000. Related Newslast_img read more

Project ”Otvorena Vrata” for the Future of B&H Football

first_imgIn the framework of the Football Federation of Bosnia and Herzegovina and under the title “Otvorena Vrata” ( Open Door),  on 16th August in Solvesborg (Sweden) will be played games in which will perform the potential B&H players. The project “Otvorena Vrata” (Open Door) refers to the monitoring of talented players with  B&H origins who live abroad and who in the future could have potentials to play for B&H  Representative Team.The coordinator for youth teams NS B&H Murat Jaha said for the agency Fena that the selectors of youth selection B&H Zoran Erbez (U-15), Sakib Malkočević (U-17) and Toni Karačić (U-19) will have the opportunity to gain insights into the quality of young B&H players in Scandinavia.“Players of B&H origin who play in the Scandinavian countries will play a few matches, after which the selectors will decide whom they want to see in their teams”, said Jaha.Scouting players born in the period from 1995 to 1998 will be selected by Zlatan Nalić and Ismet Turšič, B&H coaches who live and work in Sweden.Jaha added that after Solvesborg will be Munich, Germany, and the following year the same project will be implemented in the USA and Australia.(Source: Fena)last_img read more

LVR grad Sean Denison experiences career year playing pro hoops in Romania

first_img“That last loss was tough because I felt like we were the better team when we were playing our game and our style,” explained Denison, part of two BC Basketball Championships during his time at Trafalgar Junior and L.V. Rogers High Schools.“But they played very good in the last game and we fought hard so none of us on the team have any regrets.”Denison was a star during his high school days, leading the Bombers to a fourth-place finish at the BC High School AAA Basketball Championships during his senior season after titles in Grade 9 at Trafalgar and Grade 10 Junior crown at LVR.The local hoop star went on to play four seasons at Santa Clara in NCAA Men’s Division I Basketball. He played also for Canada internationally program for some years — the Canadian Senior National Team in 2007, the U21 National Team in 2004 and at the Pan-American Games trials.Denison, who came to Romania following stops in Turkey, Germany and Russia, played 37 Liga Nationala games for CSM Oradea recording 10.9 ppg, 5.3 rpg, 1.2 apg, 1.1 spg and 1.2bpg  — the latter was fifth best in the league.In six games in EuroChallenge Denison averaged impressive 15.5 ppg, 9.0 rpg, 1.5 apg, 1.2 spg and 1.7 bpg and was also voted to Eurobasket.com All-Romanian League Honorable Mention Team.“I played very well in EuroChallenge but had a hard time adjusting my game for the referees in the Romanian league,” he admitted.“Almost every away game I would have two fouls in five minutes and have to sit until the third quarter. They just call the game different and there is no governing body to regulate or review their calls. So instead of a block or a steal I would get a foul. “These things add up and as a result I couldn’t play as aggressively as I wanted in the normal league.”Denison, on a one-year contract in Romania, is considering his options for next season. He’s returned to Canada to spend his offseason with his wife, Tricia, and two children in the North Okanagan near Salmon Arm.“Not sure where I will play next year, still looking at the possibilities but I feel great,” he said. “I feel better every year and will continue to work on my game and staying healthy.”No doubt after the 2013-14 campaign, a few teams most likely will be calling for his services. When Sean Denison hopped a flight last summer for Romania, he hoped the move to the European Basketball team would be a good one.Well the move proved to be good for CSM Oradea, Denison’s new club, and amazing for the former L.V. Rogers hoop star.Not only did CSM Oradea make history but also Denison realized a happiness about playing the sport again that had been missing for a few years.”It was a successful year for me personally . . . and it was felt really good to play in a competitive league again,” the 28-year-old power forward said after completing the successful campaign in Romania.“We made history all year,” the 6’11” 245-pound Denison added.“First we got a nod from the EuroChallenge league saying we were the best new entry (first year team) in EuroChallenge this season.“For the first time the club made the Romanian Cup final and then for the first time in club history we made the finals in the playoffs.”Unfortunately, CSM Oradea came up short in both finals — losing in the Romanian Cup and League Final — the latter, a six-point setback in the final of the best-of-five series.last_img read more