By Michael S. Olympios  The CSE will announce tomorrow at a press conference some small but crucial changes in the corporate governance code aiming to strengthen board independence. On the outset, the CSE is not seeking to restore just a true balancing act but also market confidence. Currently, there are three categories of directors;
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British Airways has scooped third place in the annual Superbrands awards for top business brands and has been recognised as the strongest airline business brand in the UK. This was announced together with the UK’s top 500 business brands as voted for by the Business Superbrands Council and over 1400 business professionals surveyed by research
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Managers and leaders with no financial background are often called upon to make decisions and provide guidelines, based on financial statements and accounting data. The correct and insightful interpretation of such information is a vital tool in reaching the correct decisions and taking the best course of action. Numbers are not always as good, or
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The Mediterranean Institute of Gender Studies (MIGS) is hosting an EU-funded training seminar on “Young Women: Fit for Politics!” which will take place on Saturday-Sunday, March 17-18. The workshop is aimed at young women aged 18-25 and aims to provide the participants with an opportunity to acquire or improve upon many skills such as public
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Edited by Demetris Nicolaou, CFA Member of the Board The CFA Society of Cyprus  Investors should analyze both the amounts paid to key executives for managing the company’s affairs, and the manner in which compensation is provided to determine whether compensation paid to its executives is commensurate with the executives’ level of responsibilities and
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Apart from a few exceptional female executives, some of whom are at the helm of a number of companies, one needs a radar with advanced searching capabilities to find able women among the business elite. The last two elections produced a poor result for the female candidates, with Cyprus at the bottom of the league
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The Commission has found compatible with the common market the restructuring plan proposed by the Republic of Cyprus in order to restore the viability of Cyprus Airways. Following an in-depth investigation the Commission has decided that the plan is in line with the Community rules regarding the rescue and restructuring of firms in difficulty. Previously,
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But 3.8% annual estimate confirmed  The Statistical Service has published real GDP growth figures for the fourth quarter of 2006. The figures confirm its estimate last November: of a real GDP growth rate of 3.8% for the whole of 2006, compared with 3.9% in 2005. The quarterly growth rate in the fourth quarter was
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SFS Group Pcl (SFS) has released details of its 2007-2009 Strategic Plan and Targets, with net profit after minority interest for 2007 seen climbing 24% YoY to CYP 10 mln or EUR 17.3 mln from EUR 13.9 mln in FY06. The SFS Group wants to maintain leadership roles in all its core areas of activity,
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Admiral Juhani Kaskeala, Commander-in-Chief of the Finnish Defence Forces, will pay an official visit to Cyprus from 6 to 8 March, at the invitation of National Guard Chief of Staff, Lieutenant General Constantinos Bisbikas. During his visit, Admiral Kaskeala will be received by the President of the Republic and the House of Representatives President, and
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