UK regulator mulls trustee board diversity reporting requirement

first_imgThe UK’s Pensions Regulator (TPR) is working to improve the gender balance and diversity of trustee boards with an eye on recent improvements to the diversity of corporate leadership.Speaking at the Responsible Asset Owners Conference in London yesterday, Amanda Latham, policy lead at TPR, said the regulator had included a focus on diversity in its recent consultation on trusteeship and governance.In the consultation, which closed on 24 September, TPR asked respondents whether pension boards should be required to report diversity data to the regulator – in line with a similar requirement from the Financial Reporting Council for corporates – and whether there should be more industry-driven initiatives to improve diversity on trustee boards.“What we know as a regulator is by having to report how you’ve implemented a policy really does start to change behaviour,” Latham said at the conference. Amanda Latham, policy lead at TPRData from the Pensions and Lifetime Savings Association (PLSA) from 2017 showed that 83% of private sector pension fund trustees were male. This compared to just under 70% of FTSE 350 company directors, according to the 30% Club.Latham said the pension sector had “a particularly long road ahead of us” to catch up with developments in the corporate world.However, she added that TPR’s annual surveys had shown that trustees were beginning to see the benefits of improving diversity.Latham said: “There is a copious amount of research now showing that, when people have different views, decision-making is more difficult, it’s less agreeable, but they come up with much better solutions to problems most of the time. That’s an area that that we’re focused on.”The PLSA launched a diversity campaign in 2017 titled ‘Breaking the Mirror Image’. It introduced leadership programmes aimed at women in the pensions sector with the aim of building a “pipeline of future trustees”. “We think the most effective pension boards have a diversity of skills and experience, allowing them to draw from various different perspectives. Having demographic diversity [means] a trustee board is more representative of its members, and it can better engage with its membership, it can have better understanding of the issues that some members face, and how they live their lives.”last_img read more

Vela signs Sociedad deal until 2018

first_imgReal Sociedad have secured the services of Carlos Vela until 2018 after Arsenal opted not to take up their option to re-sign the Mexico striker, with the Gunners set to receive up to 15million euros from the deal. The 25-year-old Mexico international initially joined Sociedad on loan from Arsenal in 2011 before making the switch permanent in 2012, with the Gunners retaining the option to buy the player back. Arsenal have now decided against bringing Vela back to London and have agreed a deal with the Spanish club understood to be worth up to 15million euros (£12million) for Vela to become Sociedad’s player exclusively. A statement on www.realsociedad.com read: “Real Sociedad have reached an agreement with Arsenal for Carlos Vela to continue at the txuri urdin club. “Real Sociedad have also reached an agreement with Carlos Vela to renew his contract for the next four seasons. The previous agreement finished in 2016. The Mexican striker has already signed his new contract.” Vela has scored 47 goals in 126 matches for Sociedad, helping them finish fourth in La Liga in 2013 and seventh last term. Vela said: “I’ve also said that this is my home, I’m very well in San Sebastian, which is what I told the president when he asked my about my intentions. “We knew it wouldn’t be easy, but fortunately things have turned out well and all parties are happy. “This club, this team, have the ambition to carry on improving and I’m convinced we’re going to have an exciting year. Now I’m going to enjoy the last few days of holiday with my family and then be able to prepare for the season in the best fashion.” center_img Press Associationlast_img read more

Gibson stuns Caribbean boxing champion Eastman with first round stoppage

first_imgBy Faizool DeoA CRUSHING right-hook emerging from a barrage of shots by the Guyana Defence Force’s Clairmont Gibson dropped Caribbean Lightweight champion Jamal Eastman (Rose Hall Jammers) in the first round of the semi-finals in the lightweight division on Saturday night in the Terrence Alli, Elites, Youths and Females Open Championships.Eastman, who had floored his Trinidadian opponent with a single blow in their regional championship battle last year, was the clear favourite for the national title again this year. It was, however, the experienced soldier who took the initiative early by pouncing on the defending champion.Omar Sukhdeo caught Osbert Robertson with two solid shots to end their heavyweight clash.When the referee stopped the bout, Gibson and most of the patrons at the National Gymnasium erupted in celebrations.Gibson, who was runner up to Caribbean Bantamweight Champion Keevin Allicock over the last few years in this competition, had moved up in weight (from 56kg to 60kg). After the fight, he stated that he was in immaculate shape and was ready to stop all challengers at the lightweight division.Last night, on the final night of the championships, he was expected to meet fellow GDF boxer Delroy Fordyce, who had gotten past Shemar Halley of the Forgotten Youth Foundation (FYF) Gym.Halley, who had boxed his way to the Novice and Intermediate Best Boxer trophies this year, lost on points to Fordyce, who said he stuck to the fundamentals to gain the win.Along with those two bouts, the Guyana Defence Force (GDF) also claimed three other wins of the seven semi-final fights carded for night two. Their main rivals, FYF Gym had also made their mark on the penultimate night with two wins.The night opened with an exhibition clash between GDF boxers Jermain Grant and Lincoln Murray, before the bantamweight boxers got into the ring.GDF’s Julius Kesney stopped Raphael Sebastian (Rose Hall Jammers) in the first round of the first bantam semi-finals, while Asheer Al Azeem (FYF) got the win against Clinton Clarke (GDF) after three rounds.The welterweight battle was another first-round finish as GDF’s Kevin McKenzie worked his way through the defence of Shemar Beaton (Ricola) just before the end of round one and caught him on his nose.The heavyweight battles were also exciting.FYF’s Omar Sukhdeo recorded his fifth win in seven fights when he caught GDF’s Osbert Robertson late in the first round with a right cross and a left hook combination, which floored his opponent.After both boxers dropped the other early, Robertson took control and a few combinations seemed to have hurt the FYF boxer, but Sukhdeo was able to deliver two excellent shots, which ended the fight in 1:44 seconds.In another battle, a Super heavyweight bout, GDF’s Antonio Williams was able to wear down Stephen Chan to win on points.Both fighters had their moments early in the clash, but Williams proved the aggressor in the second. Chan, who seemed to be conserving his energy by defending a lot, was hit one-time too many, which eventually weakened his defence.Last night, 11 finals were scheduled to be run off at the National Gymnasium.last_img read more

Liverpool Thrash Arsenal 5-1

first_imgLiverpool extended their lead at the top of the Premier League to an imposing nine points with a devastating attacking dismissal of Arsenal at Anfield – with hat-trick hero Roberto Firmino the inspiration.Arsenal took the lead after only 11 minutes when Ainsley Maitland-Niles slid in at the far post to score from Alex Iwobi’s cross – but it was a false dawn for Unai Emery’s side.Liverpool, lifted after title rivals Tottenham’s home defeat to Wolverhampton Wanderers earlier, responded with an explosive display that saw them 4-1 up by the interval and on their way to continuing their unbeaten league run to 20 games. Firmino scored a hattrick Saturday Firmino took advantage of Arsenal’s defensive confusion to quickly equalise then slalom past a posse of defenders to put Liverpool in front after Lucas Torreira lost possession, all in the space of two minutes.Sadio Mane extended Liverpool’s lead after 32 minutes when Andrew Robertson’s long cross exposed Arsenal after they needlessly conceded a corner, before Mo Salah effectively ended the contest from the penalty spot in first-half stoppage time after he had been fouled by Sokratis.Liverpool then cruised to close out the win, Firmino completing his hat-trick from the spot after 65 minutes following Sead Kolasinac’s push on Dejan Lovren.Manchester City, ten points adrift, will attempt to close the gap at Southampton on Sunday before they meet Liverpool in a pivotal encounter at Etihad Stadium on 3 January.When Liverpool went behind to Maitland-Niles’ 11th minute strike, it was the first time they had trailed at Anfield in the Premier League since Leicester City led here on 30 December last year.If there were any nerves troubling the new Premier League pace-setters, this might have been the moment for them to show – but not a bit of it.Liverpool, admittedly helped by Arsenal and by a huge roar that swept around Anfield, were ahead in five minutes thanks to two Firmino goals and never looked back.Instead of shrinking in the face of a setback, it was simply a case of Arsenal prodding the beast as Liverpool swarmed forward in the style that has become their trademark under Jurgen Klopp to record another statement win in this hugely impressive season.After a period earlier in the campaign when the sparkle of last season was not quite there, Liverpool’s stardust is being sprinkled once more, led by that potent attacking trident of Firmino, Mane and Salah.And the signs are ominous for the chasing pack, effectively Spurs and Manchester City, who want to deprive Liverpool of their first title since 1990.They have won 88 points from 37 league games in this calendar year – the highest points ratio in that spell in the club’s history at 2.38 points per game.This statistic alone outlines the scale of their performances and means they are now rightly title favourites.Liverpool’s greatest test of the season now awaits when they travel to Manchester City – but such is the level of confidence surging through a team that looks more like the complete package with every passing week, it is a challenge they will accept without any degree of concern.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Galatasaray part company with Fatih Terim

first_imgGalatasaray have decided to fire manager Fatih Terim. The former Turkey international team manager has been relieved of his duties after a 6-1 drubbing by Real Madrid in the Champions League and some less than impressive domestic performances.It is understood that ‘Cim Bom Bom’ had offered Terim a brand new two year deal, but he decided against signing the proposed contract.“After Fatih Terim’s rejection of our two-year contract offer, the Galatasaray board have been obligated to find new solutions”, Galatasaray said in a statement.“We thank Fatih Terim for his contributions and we would like everyone to know that we will be proud of his future achievements with Turkish national team.”last_img read more