The new facility will be located at 154 Church Street in Oakville, ON, above the Rosewater Spa, in downtown Oakville. The company has invested in the new location to meet increasing demand and serve the local community’s needs. The academics made their findings after applying “imprinting theory”-the idea that the past affects the present in significant ways-to the study of board behaviour.Hamilton, ON – The Atwell Centre, a leading provider of Medical, Educational, and Support Services for people in need of pregnancy options and STI testing, is pleased to announce the opening of a new purposely-built facility in New Halton. Hunger gamesĮuropean directors are unlikely to encounter famine in their lifetimes, but it is a very real fact of life in some places on the planet and may, according to a new study, shed some light on board behaviour.Ī team of researchers at Dongbei University in China finds that board chairs with experience of famine tend to “hoard cash” when they detect a short-term threat, and cut R&D spending when they see a longer-term crisis looming. “Rather than relying on companies to be transparent through moral suasion, stock market authorities can require companies to be more transparent, provided the companies are publicly listed.” Seems reasonable. “There should be clear information about the amount of money being contributed as political contributions, the causes that companies support, and lobbying positions the companies advocate. “States should require greater transparency from companies about their lobbying activities,” IHRB says.
New rules should be imposed on listed companies to be more transparent about their lobbying activities, according to a statement from the Institute for Human Rights and Business (IHRB) in response to a United Nations review. “And they need to have more robust onboarding programs for these new directors, as well as ongoing board education programs to ensure the entire board is not relying on the expertise of a few directors but is fluent in the growing list of issues that boards are expected to oversee.” And the list is very long. They also need boards of sufficient size to accommodate these individuals, as well as to populate the (new) board committees that address ESG topics.
Spierings writes: “Companies need boards with directors who have a diversity of backgrounds, as well as the skills and experience to oversee the expanding list of priorities. You’ve guessed it: larger companies tend to have larger boards. The average size of boards also appears to be increasing, up from an average of 10.8 directors to 11.2. Size matters: the highest proportion of female directors are concentrated on the boards of the largest companies.ĭisclosure of race and ethnicity in boardrooms is now at more than 70% (compared with under 60% last year) and once again, larger companies tend to have the more racially diverse boards. Size matters for board evolutionĪ close look at the S&P reveals there are more women on boards-and boards are growing in size.Īnalysis by Merel Spierings of the Conference Board reveals the number of female directors on boards continues to increase-around 30% of board directors in the S&P 500 are women-while the number of all-male boards is close to zero. “Immediately after its sale to a private-equity backed firm, Trans-Niger Oil & Gas, levels of flaring (the high-emission burning of excess gas released when pumping up oil) at the Umuechem oil field quadrupled and the acquirer announced its intention to rapidly triple oil production.” That’s going well then. “Unfortunately, one company’s step away from high-emitting activity can be another’s opportunity to double down,” the team write. The team examined what happens when investors sell off shares in energy companies and whether it helps clean them up and drive a move to renewables.
Divestment may not be helping green the energy industry, according to a team of Oxford academics.
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