The corporate governance agenda has received great prominence during the past two decades. Many think of this as the next best thing after international accounting standards. But why is good governance so important? Share ownership structures and management structures have changed dramatically over time. Moving from family owned businesses to public companies, and the separation of ownership from management, we are now more familiar with the model of large and dispersed shareholder bases (dispersed ownership) working with accountable management teams. The need of safeguarding shareholder rights is greater than ever before and this is where co...
The majority of transactions have traditionally been made by phone, but the development of the internet and sophisticated trading software means that more and more people now have access to the world of forex trading from the comfort of their own homes. World Finance spoke to Nick Bang of ACM about the challenge of redefining traditional financial markets As one of the world’s leading brokerage companies, how has ACM challenged and redefined the industry and how have you maintained your competitive edge? ACM was built, quite literally, by traders for traders. From the beginning the firm has focused on quality and timely execution. From this...
While today, BOCI is truly a well positioned leading investment bank in the China and Hong Kong markets, Bank of China’s investment banking efforts have come a long way since being a small player just a couple of years ago. Marshall Nicholson, MD and Global Head of Equity Capital Markets at BOCI, says new leadership at BOCI has brought those changes – and the benefits are clear to see: the bank has fine-tuned its strategy and core product offerings. “The new leadership, headed by CEO Wang Yan “Max”, along with parent support from BOC, made significant changes in strategy, personnel and product offerings adding to areas like structur...
Time was when more than a few executives banked their salaries and lived off their corporate expenses. Not any more – such times are long gone. The recognition that travel and associated expenses represent most organisations’ second-largest controllable expense is driving the quest for the vast opportunities for savings that can be found through a properly defined and controlled expenses management system. There is now an acknowledged need for comprehensive Management Information (MI) systems that can spot and highlight out-of-policy spend. Diners Club’s Global Vision MI tool provides spend information at the highest level yet can also ...
As the dust settles over the economic turmoil of 2009, across the globe, many businesses are expecting – or at least hoping ? that 2010 will prove to be a turning point in their fortunes. GDP in most major markets is expected to improve following a year of weak sales, corporate layoffs, idle plant and scant investment. Productivity should follow suit as the wheels of production again begin to turn to restock depleted inventories. Despite these expectations of a turnaround, everything is certainly not ‘gung ho’. Unlike the heady days of earlier years, when it seemed as if businesses could do little wrong ? and when they did, the economy ...
Back in 2000, when internet access was a fledgling market in Egypt, the founders of Sigma Securities were ahead of the financial services market in launching the first online trading platform. Today, Sigma remains at the forefront of online brokerage in Egypt through its ongoing investment in its people and technology. Sigma offers the full range of brokerage service available to investors in Egypt, all of which are powered by a comprehensive web-based platform. Since its inception, Sigma has relied on the recognition that quality brokerage comes from combining an end-to-end brokerage service with the dynamism of technology. It is this recogn...
France’s biggest listed bank BNP Paribas took fewer bad debt provisions than expected in the fourth quarter, helping it beat profit forecasts, and said these charges would be lower again in 2010. BNP struck a relatively confident note despite the economic uncertainty clouding the banking industry. Its profit was up on the previous quarter and it swung back from a big year-ago loss. Net profit rose 4.6 percent to 1.365 billion euros ($1.9bn), also helped by higher investment bank earnings and its acquisition of Fortis assets. Revenues came in slightly below forecasts at 10.06 billion. Chief Executive Baudouin Prot said he expected the cost o...
The spoken word started civilisation, the printed word started industrialisation, and the internet started the information age. Today, the world is open for businesses, as the internet has fundamentally reshaped international markets and brought the vision of a global economy to fruition. The internet has brought us closer for we no longer live estranged and isolated; rather, we have become interconnected in a globalised world. DIF Broker is looking to the future with an innovative Dorsey, Wright & Associates (DWA) partnership. DWA is an equity owner of DIF Broker; it is a special partner that provides managed solutions for investors wit...
The financial crisis has deeply affected the modus operandi of all the main players in the markets and raised new questions for policy makers and regulators. These questions regard, on the one hand, how to handle the crisis itself, and on the other hand, how to remove the structural imbalances, both at macro and micro economic level, which played a crucial role in the creation and the development of the crisis. Today, there is broad agreement that weaknesses in corporate governance contributed greatly to the depth of the financial crisis and that dealing with such weaknesses is a key element of an effective response. They may not have caused ...
As a global supplier of transaction services, Neonet’s mission is to simplify global trading, enabling their clients to capitalise on increased trade fragmentation and new technical opportunities. Based in Sweden, the company was established in 1996, with growing operations also conducted across the UK, Italy and Germany, as well as the US. The company is also one of the pioneers in Direct Market Access (DMA) and transaction services for efficient global trading. DMA is renowned for offering lower transaction costs, lessening the possibility of error or execution irregularities, and being extremely fast and fluid, thus allowing traders to t...