Influential institutional investor guidelines on executive remuneration have been updated and strengthened for 2018, to reflect concerns that companies are not listening or responding to concerns about high pay raised by their shareholders.
Lion Air crash: pilot fought to keep the plane airborne right until the end, says report
One of Indonesia’s aviation chiefs has revealed that the pilot of the Lion Air plane that crashed last month, killing 189 people, fought to keep the plane in the air to the end, even after it stalled and was nosediving to the ground.
Addressing the Indonesian parliament in Jakarta, Nurcahyo Utomo, the aviation head of the national transportation safety committee, said data retrieved from the flight recorder showed that the pilot “continued to fight until the end of the flight…
Adjudication versus other approaches to construction disputes
Adjudication is a form of dispute resolution that is fairly unique to the construction industry.
Singapore’s next prime minister Heng Swee Keat: a safe pair of hands, ‘there’s just one pity’ (said Lee Kuan Yew)
He is of slight build, his large eyes are framed by wire rim glasses that make them look larger still, and his thick, black hair is swept to the right. In speeches, he is measured and reassuring; in person, sincere.
After an illustrious career in the police force and civil service, Heng Swee Keat entered politics in 2011 and upon election was immediately made education minister. Since then he has helmed the finance ministry, overseen a nationwide engagement exercise and led a committee studying…
Indian police puzzle over how to retrieve the body of the American who invaded a tribal island to spread ‘the gospel of Jesus’
Indian authorities are struggling to figure out how to recover the body of an American killed after wading ashore on an isolated island cut off from the modern world.
John Allen Chau was killed last week by North Sentinel islanders who apparently shot him with arrows and then buried his body on the beach.
But even officials do not travel to North Sentinel, where people live as their ancestors did thousands of years ago, and where outsiders are seen with suspicion and attacked.
“It’s…
Nuisance calls: new UK law provides for director liability
UK law will be updated next month to make it possible to hold company directors personally liable for nuisance calls made by their businesses.
Picture imperfect: did Xi and Duterte agree to a ‘Blood Compact’ in Manila?
When Philippine President Rodrigo Duterte posed for an official photograph with his Chinese counterpart Xi Jinping in the ceremonial hall of Malacanang Palace on Tuesday, their choice of a backdrop could hardly have been less auspicious.
The leaders, who witnessed the signing of 29 bilateral agreements during Xi’s two-day official visit to Manila were pictured in front of El Pacto de Sangre – or The Blood Compact – a 19th-century painting by internationally known artist Juan…
Jho Low’s gone, but Malaysia is still paying for his US$250m yacht Equanimity. Here’s how much
Even in hiding, disgraced financier Low Taek Jho is costing the Malaysian public dearly.
His seized superyacht, the Equanimity, has cost Malaysian taxpayers RM3.5 million (US$835,000) – and counting – in maintenance costs, port services, crew and legal fees since it was seized by the government in August.
Finance Minister Lim Guan Eng disclosed the figure – which does not include costs incurred since October 10 – in an answer to a parliamentary question on Wednesday. He…
Cathay Pacific case shows data breach reporting challenges
ANALYSIS: Multinational companies experiencing a major data breach face significant challenges in co-ordinating co-operation with investigating authorities around the world.
Thai minister defends controversial cybersecurity bill that would allow the wholesale seizure of private computers
A Thai government official on Wednesday defended a sweeping cybersecurity bill which experts have decried for allowing the wholesale seizure of private computers and property, saying that “every country has a need” to protect itself.
The bill has drawn widespread criticism for authorising a newly created committee to access and seize computers and hard drives of individuals and private companies without a court order in cases of “reasonable suspicion” and “…