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Business resilience: Role of the board…and more

Business resilience: Role of the board

To begin with, corporate governance was aimed at protecting the interest of non-controlling shareholders from the opportunistic behaviour of controlling shareholders and managers – but this has evolved over the years. While protecting non-controlling shareholders’ interests remains important, corporate governance is also about directing and monitoring the management in order to improve the chances of a company achieving the core purpose stipulated in its mission statement, helping it recover from crises and ensuring it continues to exist. Therefore, in a well-governed company, the management and the board focus on…

 

Third storm in a week brings more rain, snow to California

Big waves crash ashore at Manhattan Beach, Calif., Saturday, Dec. 12, 2015. The National Weather Service issued advisories and warnings for sections of the California coast due to sizable surf created by a very large northwest swell. (AP Photo/John Antczak)

Big waves crash ashore at Manhattan Beach, Calif., Saturday, Dec. 12, 2015. The National Weather Service issued advisories and warnings for sections of the California coast due to sizable surf created by a very large northwest swell. (AP Photo/John Antczak)

A third winter-like storm in a week brought rain and strong winds to much of Northern California and snow to the Sierra Nevada on Sunday. Sheets of pouring rain made for treacherous driving. One person was injured in an accident on Highway 101 that blocked all lanes near San Rafael, north of San Francisco, the California Highway Patrol said. Showers and thunderstorms happened throughout the day, and officials reminded residents to drive slow, saying there is debris and flooding on the freeways. The CHP said it is handling several collisions in the San Francisco Bay Area. After a lull Saturday, the system moved into parched California overnight packing precipitation, strong winds, lightning and hail. The latest storm dumped slightly less rain in the state than the previous systems — with the San Francisco Bay Area and the San Joaquin Valley expected to get up to about half an inch, National Weather Service meteorologist Nathan Owen said. The National Weather Service issued a strong wind advisory for the San Francisco Bay Area that stayed in effect through Sunday night. Winds delayed…

 

Philippines to build permanent evacuation centres

The Philippine government has announced plans to build dedicated evacuation centres in every region. The country is especially susceptible from calamities because of its location. It records at least 20 strong weather events every year, including typhoons. Starting next year, permanent shelters will be set up across the country to house evacuees during times of natural calamity or conflict, a lawmaker said. “We have been used to designating state school buildings as evacuation centres in times of disasters and this is not healthy because there are instances when it takes weeks or months before calamity victims are able to go back to their homes or are provided with new shelters,” Senator Loren Legarda said. Legarda, who was recently recognised at the Paris UN Climate Conference, COP 21, as a “Global Champion for Resilience…

 

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This entry was posted on 16/12/2015 by in Uncategorized and tagged , , .

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