Comments are closed. CIPD supports disclosure of directors’ payOn 20 Mar 2001 in Personnel Today Previous Article Next Article TheGovernment has launched plans to expose over-inflated directors’ bonuses byforcing companies to disclose them in their annual reports.Themeasures announced by Trade and Industry Secretary Stephen Byers are likely tobecome law later this year if Labour win the expected general election.NickPage, adviser on reward and employment conditions at the CIPD, said, “Thesemeasures are in the directors’ interest. It will put the onus on employers tobe more transparent about their pay structures.”“Organisationsshouldn’t be ashamed or embarrassed about revealing financial information.Employers do have to justify their salaries to directors.”Theproposals on directors’ remuneration were published by the DTI after Governmentconcerns over fat-cat salaries and directors receiving bonuses, even when theircompanies fail to meet performance targets.Underthe plans, employers will have to publish a remuneration report within theirannual report. Itwill include a performance share graph that will allow shareholders to see thelink between performance of the company and directors’ pay. BruceWarman, Vauxhall’s HR director said, “I believe that employers have nothing tofear from these measures.” Related posts:No related photos.
Fifa honorary president Joao Havelenge has resigned after being named in a report as having received bribes.The report by Fifa’s ethics chairman Hans-Joachim Eckert also names Nicolas Leoz for taking kickbacks from World Cup rights marketing agency International Sport and Leisure.Leoz resigned from the governing body’s executive committee last week.He was accused in the report of being “not fully candid” in his explanations over the affair.However while the report says that payments to Havelenge, Leoz and the former Fifa executive Ricardo Teixeira qualified as bribes they were not crimes at the time. Fifa granted ISL exclusive rights to market World Cup tournaments to some of the world’s biggest brands and ISL received millions more from negotiating television broadcast rights. The company collapsed with huge debts in 2001 and its arrangement with Fifa was subsequently investigated by Swiss authorities.Fifa was last year forced by the Swiss supreme court to release documents relating to the case after repeated attempts to block the confidential papers’ release.It followed a report by the BBC’s Panorama programme in 2010 which alleged three senior Fifa officials took bribes from Swiss-based ISL in the 1990s.Fifa president Sepp Blatter announced in July 2012 that Fifa’s new ethics committee would be looking at the bribery allegations. That investigation resulted in the release of Tuesday’s report.The report says: “It is certain that not inconsiderable amounts were channelled to former Fifa president Havelange and to his son-in-law Ricardo Teixeira as well as to Dr Nicolas Leoz, whereby there is no indication that any form of service was given in return by them. “These payments were apparently made via front companies in order to cover up the true recipient and are to be qualified as ‘commissions’, known today as ‘bribes’.”The report states that Havelenge and Teixeira were “morally and ethically reproachable” for accepting the money.Leoz told investigators he donated the money he received to a school project – but only in January 2008.The report states that payments were made between 1992 and May 2000.Questions over Fifa president Sepp Blatter’s conduct have also been raised in the past but the report says there is no evidence he received money from the now-defunct ISL. But it does raise questions about whether Blatter should have known about the bribes to other executives and labels his behaviour in dealing with aspects of the affair as “clumsy”. “There are also no indications whatsoever that President Blatter was responsible for a cash flow to Havelange, Teixeira or Leoz, or that that he himself received any payments from the ISL Group, even in the form of hidden kickback payments.“It must be questioned, however, whether President Blatter knew or should have known over the years before the bankruptcy of ISL that ISL had made payments (bribes) to other Fifa officials.”Eckert is also critical about the controls that Fifa had in place to prevent such corruption from occurring.In response to the publication of the report Blatter said: “I note in particular that, in his conclusions, chairman Eckert states that ‘the ISL case is concluded for the Ethics Committee’ and that ‘no further proceedings related to the ISL matter are warranted against any other football official’. “I also note with satisfaction that this report confirms that ‘President Blatter’s conduct could not be classified in any way as misconduct with regard to any ethics rules’.“I have no doubt that Fifa, thanks to the governance reform process that I proposed, now has the mechanisms and means to ensure that such an issue – which has caused untold damage to the reputation of our institution – does not happen again.” read more
About the authorPaul VegasShare the loveHave your say Chelsea boss Lampard: Let Van Ginkel rehab calmlyby Paul Vegasa month agoSend to a friendShare the loveChelsea boss Frank Lampard says there’s no pressure on Marco van Ginkel over his knee rehab.Lampard admits the midfielder, who was set to return to PSV Eindhoven last summer, has suffered a setback in his recovery.He stated: “He is injured for a longer period. “Unfortunately, there were some complications with his surgery. We do not want to set a precise time for his recovery, but let him rehabilitate calmly. He is very diligent and his attitude could not be better. “He works extremely hard every hour of the day. He is positive, despite the fact that I am convinced that it is very difficult for him.” read more
Mumbai: Priyanka Chopra Jonas and Rajkummar Rao will star in an adaptation of Arvind Adiga’s Man Booker Prize-winning novel “The White Tiger”, Netflix announced on Tuesday. The streaming giant is producing “The White Tiger” in association with Mukul Deora while Chopra Jonas will serve as executive producer. The film, which will also mark the debut of Adarsh Gourav, will be directed by Ramin Bahrani of “Fahrenheit 451” and “99 Homes” fame. Bahrani is also writing the screenplay. Also Read – I have personal ambitions now: Priyanka Filming for “The White Tiger” will begin later this year in India. Adiga’s book follows the extraordinary journey of a self-made man from tea-shop worker in a village to successful entrepreneur in a big city. Murder, love and deceit become the ultimate price for ambition. “I’m so excited to work with Ramin Bahrani and Netflix to bring Aravind Adiga’s poignant story to cinematic life. When I read the book, I was fascinated with the perspective of the narrative. The story’s portrayal of raw ambition and the extent one will go to achieve one’s goals is riveting. I look forward to filming this in India this fall, and also working along with Rajkummar Rao for the first time and the wonderful cast Ramin is putting together,” Chopra Jonas said in a statement. Rao said, “It’s an exciting time for actors today and I’m thrilled to be a part of such a world-class project. I’ve been an admirer of Ramin’s work and am excited to see The White Tiger come to life with Netflix!” Bahrani said he wanted to adapt Adiga’s brilliant book for over a decade and was glad to finally have the opportunity. read more
The score 78-67 still sends Ohio State sophomore forward Jared Sullinger on a guilt trip. The painful reminder of a score comes from OSU’s loss at Kansas’ Allen Fieldhouse in Lawrence, Kan., 78-67. Sullinger, who averaged more than 17 points and more than nine rebounds per game this season, was unable to play in the Dec. 10 game against Kansas due to back spasms. It’s a result that could give Sullinger extra motivation in the rematch against Kansas in the Final Four Saturday at the Mercedes-Benz Superdome in New Orleans. Sullinger said he felt like he let the team down that day. “When that final buzzer went off and we got done shaking hands (and) I walked off the court, … I felt like the weight was on my shoulders,” Sullinger said. “I just felt like everything was my fault, so I kind of take that as a little motivation heading into New Orleans and getting ready to play Kansas.” But Sullinger said he felt it was the KU game where other players got a chance in the paint. “I thought that’s where it all started,” he said. “With me not playing and (other players) playing a high impact game.” Sullinger fought to regain physicality and strength through water workouts , and said it wasn’t easy, but it elevated his game as the season progressed. “At the time, it was very tough for me to make baskets when you’re going up and down the floor a couple times,” he said. “So right in the middle of February, that’s when I felt like I got my conditioning back.” But Sullinger said OSU has no advantage against KU just because he will be on the court this weekend. “Whoever comes out and plays the hardest and doesn’t quit … that’s going to be the key to the game,” Sullinger said. Sophomore guard Aaron Craft agreed with Sullinger that both teams have changed since December. Kansas is a much better basketball team since they last met OSU, he said, but so are the Buckeyes. “Even if we didn’t have Jared, we would be a better basketball team,” Craft said. “It’s not about a game we had back in December. That’s such a long time ago, and so much has happened. So we’re trying to do a great job of focusing on this game and focusing on what they’re doing great at this time of the year, and just trying to execute our game plan to the best of our ability, and we’ll see where it goes.” Craft said adjusting without Sullinger was something the team has had to do all season, but it has in turn helped the team. “We’ve had to deal with him (missing three games this season), and I think it’s helped us to get to this point,” Craft said. Coming off the bench, junior forward Evan Ravenel scored nine points and five rebounds during the December match against Kansas and after getting into foul trouble against Syracuse, Craft said the bench players work just as hard and their offense isn’t a one-man show. “We have great confidence in them. They may not be able to do some things that Jared can, but they play just as hard and can do some things that maybe Jared can’t,” Craft said. Sullinger said the team took their lumps early in the season and is better for the struggles, including that 78-67 loss that it pains him to recall. “With a young basketball team like this and the way we responded through everything that happened with us, I think it made us stronger as a basketball team,” he said. OSU will tip against Kansas Saturday at about 9 p.m. read more
Ohio State sophomore shortstop Lilli Piper was named the Big Ten Player of the Week, the conference announced in a release on Monday afternoon.Piper hit .727 last weekend during the Buckeyes’ weekend sweep of Maryland, hitting two home runs — including one grand slam — and driving in eight runs. She had multiple base hits in each of the three games and had a 1.364 slugging percentage and .750 on-base percentage.On the season, Piper leads the team in several statistical categories with a .412 batting average, 35 hits, 30 RBIs, 64 total bases and a .753 slugging percentage.OSU host Wright State on Wednesday at 5 p.m. in its home opener after playing its first 25 games on the road. read more
Atletico Madrid’s Jose Maria Gimenez has put any thought’s in regards to his future to one side as he prepares to represent Uruguay in the World Cup and he is hopeful of facing Mohamed Salah in their opening gameThe defender has been strongly linked with a move to Atletico’s city rivals Real Madrid this summer with the European champions reportedly prepared to his €60m release clause.However, speaking after Uruguay’s 3-0 friendly win over the 10-man Uzbekistan on Thursday, Gimenez insisted that his sole focus is on the World Cup.“I don’t think on that,” said Gimenez, according to FourFourTwo.“I’m thinking on playing a good tournament and to prepare myself well for it, and that’s all.La Liga Betting: Match-day 4 Stuart Heath – September 14, 2019 Despite it being very early into La Liga season, both Barcelona and Real Madrid have had unprecedented starts to their campaigns. With this in…“I feel good. I had played a lot of minutes specially at the end of the season and that’s always a plus for me, it gives me confidence. Physically I feel good, mentally I feel even better.”Giorgian De Arrascaeta opened the scoring for Uruguay with Barcelona forward Luis Suarez then doubling the lead from the penalty spot, before Gimenez himself added the third goal to seal the victory.Next up for Uruguay is their World Cup opener against Egypt on June 15 with all the attention set to be on the injured Salah, who remains doubtful for the match.“I hope he goes there, because he wants to play this World Cup. Personally, I like to play against the best players of the world and Salah is one of the best, so I hope he goes,” said Gimenez.“This is like every other cup we had played before. Of course, we are going for the victory, but fear is a factor which plays a role there too,” he added. read more
Kale Casey with the Alaska Division of Forestry: “We appreciate the generous support of the community! Firefighter and public safety are our number one priority and our wildland fire crews are well equipped and cared for.” Your local fire departmentYour local search and rescue unitThe Wildland Firefighter Foundation