Corporate governance

The latest announcement from the China Banking and Insurance Regulatory Commission!Small and medium-sized banks’ 5-year reform and risk reduction “transcript” released, accumulatively disposing of 627 high-risk rural small and medium-sized banks_Oriental Fortune Network

Small and medium-sized local corporationsbankIn recent years, the reform of risk reduction work has achieved remarkable results, but there is still a long way to go to improve corporate governance and “defuse” financial risks. On May 20, the China Banking and Insurance Regulatory Commission held a briefing meeting, and the relevant person in charge introduced … Read more

Company cars are becoming more expensive for companies

Interior view of a car tower in the Autostadt Wolfsburg VW employees now have to wait longer for a new company car. (Foto: imago images/Sven Simon) Düsseldorf Company cars are increasingly becoming a burden for companies. Supply bottlenecks at manufacturers are delaying the replacement of leasing fleets and the switch to electromobility. The high fuel prices … Read more

ST Zhongchang Receives Letter of Inquiry: Request to explain whether the current corporate governance is compliant with internal control and whether the internal control is effective_Oriental Fortune Net

Summary [ST Zhongchang received an inquiry letter: requesting to clarify whether the current corporate governance is in compliance with regulations and whether the internal control is effective]The company disclosed in an announcement that the company’s board of directors has resolved to remove the current president and two vice presidents, and to appoint an executive vice … Read more

Despite the Ukraine war, Adidas expects double-digit growth rates

Adidas headquarters in Herzogenaurach The world’s second-largest sporting goods company is currently growing at a slower pace than smaller rival Puma. (Photo: dpa) Munich The world’s second-largest sporting goods group, Adidas, wants to increase sales and profits by double-digit percentages this year. And this despite the withdrawal from Russia due to the Ukraine war. Revenue … Read more

German suppliers are building factories of the future

Elon Musk in Grünheide Tesla works fundamentally differently than German car manufacturers. The hidden champions like that. (Photo: Archyde.com) Düsseldorf, New York For a good two years, Tesla has been building a “Gigafactory” in Brandenburg, a plant in which the electric mobility group wants to mass-produce its cars for the European market. On Friday, the … Read more

Credit Suisse recruits new people for the Asset Management division

Swiss credit The major bank appoints a new Global Head of Distribution for its Asset Management division. (Photo: dpa) Zürich The major Swiss bank Credit Suisse is reorganizing its asset management business for professional investors. Colin Fitzgerald has been named global head of distribution for Credit Suisse Asset Management, a bank spokesman said on Tuesday. … Read more

Investors are hoping for a signal that Fresenius will split up

Frankfurt Investors urgently expect news from the Dax company Fresenius on the subject of corporate restructuring and a possible spin-off of corporate divisions. It could be this Tuesday: Then the healthcare group and its dialysis subsidiary Fresenius Medical Care, which is also listed in the Dax, will present their annual figures. “At the moment there … Read more

How Nestlé boss Mark Schneider is turning the food giant inside out

Mark Schneider The Nestlé boss is the German model manager abroad. (Foto: Archyde.com, Imago (2), Bloomberg/Getty Images) Lausanne, Vevey The sweetish-bitter brew is entirely to Mark Schneider’s taste. “X-Tract” – an extract from olive leaves is said to combat fatigue – without any caffeine. A team of Nestlé employees developed the product, including an Italian food … Read more