first_img Image source: Getty Images Our 6 ‘Best Buys Now’ Shares The BP (LSE: BP) share price is in mortal peril. We have known for years that climate change poses a threat to the oil majors, but now they are living on borrowed time.This week, a Hague court ordered FTSE 100 rival Royal Dutch Shell to cut its emissions in half by 2030. Shell plans to appeal, but this looks set to trigger a wave of climate law suits by emboldened activists. The days of green washing and vague corporate pledges are over. Big Oil now has to deliver, and it’s not going to be easy. I fear for the BP share price.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…That wasn’t the only piece of news to shake the oil industry. On Wednesday, shareholders of US oil giant Chevron voted in favour of cutting its emissions. Exxon Mobil recently lost two director seats to Engine No. 1, a tiny activist hedge fund that has a mere $50m stake in the $250bn company. It wants Exxon to hit net zero emissions by 2050. This is a huge move, given how Exxon has resisted the green revolution. It recently fell out of the Dow Jones Industrial Average after posting $22bn of losses. Could BP suffer a similar fate? It’s possible.Climate change could kill BPI expected the BP share price to plunge on recent developments, but it ends the week trading just 1.21% lower. That either means I’m wrong about the threat, or investors are already pricing it in.In the short run, things look promising for BP. Its share price has climbed by 50% to 305p since November’s Covid-19 vaccine breakthrough, fuelled by oil hitting nearly $70 a barrel.In an ironic twist, the charge to renewables could drive up the oil price, by deterring exploration and shrinking supply. It won’t last. Solar and wind just keep getting cheaper. With US President Joe Biden pouring money into renewables, we may have hit the fossil fuel tipping point.The BP share price is in dangerThe BP share price will tank unless CEO Bernard Looney pulls off the transition from fossil fuels to renewables. Last year, Looney said he was aiming for net zero by 2050. Many were sceptical, and his job is only getting harder.The good news is that FTSE 100-listed BP and Shell have taken the threat more seriously than the Americans, and made a concerted push into renewables. The bad news is that it’s nowhere near enough. BP currently offers generous dividend income of 6.54% a year. That may prove hard to sustain as it must now invest heavily in renewables.The BP share price may have recovered lately but it is still down 45% over three years. Like big bad tobacco, big bad oil can still generate cash and pay dividends despite going into long-term decline. But nobody is planning to ban smoking by 2030, in contrast to carbon. I have stood by BP but now I’m beginning to think the writing is on the wall. Access this special “Green Industrial Revolution” presentation now I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Is the BP share price doomed? Our 5 Top Shares for the New “Green Industrial Revolution” I might explore this opportunity instead. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Harvey Jones Enter Your Email Address Simply click below to discover how you can take advantage of this. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. It was released in November 2020, and make no mistake:It’s happening.The UK Government’s 10-point plan for a new “Green Industrial Revolution.”PriceWaterhouse Coopers believes this trend will cost £400billion……That’s just here in Britain over the next 10 years.Worldwide, the Green Industrial Revolution could be worth TRILLIONS.It’s why I’m urging all investors to read this special presentation carefully, and learn how you can uncover the 5 companies that we believe are poised to profit from this gargantuan trend ahead! Harvey Jones | Friday, 28th May, 2021 | More on: BP last_img read more

first_imgTuesday Apr 12, 2016 Seven Brilliant Tries from the 2016 Hong Kong Sevens Fiji retained the Hong Kong Sevens title with a 21-7 Cup Final win over New Zealand, extending their lead at the top of the World Rugby Sevens Series table. There were some brilliant tries scored throughout the weekend, so here is a look at seven of the best, including two from the champs.South Africa, who scored a lovely try vs Australia, came 3rd overall, while England beat the USA to take the Plate, and Argentina beat Scotland in the Bowl, and Russia beat Canada to lift the Shield.MUST SEE: Morocco shock Tonga as tryscorer flies over advertising boards »HIGHLIGHTS: View all the knockout stage highlights from what was another great tournamentADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Great Tries Related Articles 26 WEEKS AGO Incredible athleticism for sensational try… 26 WEEKS AGO ARCHIVE: Suntory score amazing try to upset… 26 WEEKS AGO WATCH: All 12 tries from EPIC Bristol-Clermont… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

first_img Year:  House Near El Cerro De Chipinque / Surber Barber Choate + Hertlein Architects House Near El Cerro De Chipinque / Surber Barber Choate + Hertlein ArchitectsSave this projectSaveHouse Near El Cerro De Chipinque / Surber Barber Choate + Hertlein Architects Manufacturers: Lutron, Andersen Windows & Doors, Valli & Valli ArchDaily Area:  10000 ft² Year Completion year of this architecture project CopyAbout this officeSurber Barber Choate + Hertlein ArchitectsOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSan Pedro Garza GarcíaMexicoPublished on July 19, 2017Cite: “House Near El Cerro De Chipinque / Surber Barber Choate + Hertlein Architects” 19 Jul 2017. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – FocusGlass3MGlass Finish – FASARA™ Fabric/WashiPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WoodParklex International S.L.Wood Finishes in Landaburu BordaSinksBradley Corporation USASinks – Frequency® FL-SeriesMetallicsTrimoFire Resistant Panel – Trimoterm FTVSkylightsVELUX CommercialModular Skylights – Northlight 40-90°SinksAcquabellaSink – LeviCurtain WallsRabel Aluminium SystemsMinimal Curtain Wall – Rabel 35000 Slim Super ThermalWoodBlumer LehmannData Processing for Wood ProjectsPorcelain StonewareCeramiche KeopeCeramic Tiles – EvokeChairs / StoolsBassamFellowsSpindle Chair and StoolMore products »Save想阅读文章的中文版本吗?快题中走出的建筑 El Cerro De Chipinque 住宅 / Surber Barber Choate + Hertlein Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Save this picture!© Phillip Spears+ 39 Share Photographs 2013 Architects: Surber Barber Choate + Hertlein Architects Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Structural :Jorge GuerraContractor:Salvador AriasCity:San Pedro Garza GarcíaCountry:MexicoMore SpecsLess SpecsSave this picture!© Phillip SpearsRecommended ProductsDoorsSaliceSliding Door System – Slider S20Curtain WallsPOHLVentilated Curtain Wall – Europanel®DoorsLibartVertical Retracting Doors – Panora ViewDoorsAir-LuxPivoting DoorText description provided by the architects. The site for this single family residence is located immediately alongside the northern ridge of “El Cerro de Chipinque” in the Sierra Madre Oriental range in the state of Nuevo Leon in northeast Mexico. The house is configured to maximize views of the parallel ridgeline, as well as the dramatic peak, known as La Eme (“the M”), which terminates the eastern vista.Save this picture!© Phillip SpearsIn the configuration of the residence, interior and exterior spaces are defined primarily by vertical planes of concrete, sliding in and out of the house to define interior and exterior zones for living, exploring the themes of Transparency and Penetration.Save this picture!© Phillip SpearsSave this picture!© Phillip SpearsSecondary forms clad in thinly sliced black granite or contrasting white plaster express more solid and enclosed volumes. The texture and color of the granite allude to the visible rock peaks of the mountain range looming above. More monochromatic cut stone was used for flooring. Completing the palette of materials, warmer tones of wood are used inside and out which contrast with the coolness of the granite and concrete.Save this picture!© Phillip SpearsSave this picture!Ground Floor PlanSave this picture!© Phillip SpearsWhile the wood and stone components are largely expressed as simple cubic forms, the plasticity inherent in concrete is expressed and articulated with more complexity — forming portals, generating negative space, and framing views. The composition is an honest expression of materials, selected to provide a range of textures, and configured to provide a hierarchy of scale.Save this picture!© Phillip SpearsPassive solar design is employed to manage solar gain. Rain is harvested from the roof and stored for irrigation and decorative fountains. “Permanent” materials are used for lifecycle longevity, including a decay-resistant wood species on the exterior.Save this picture!© Phillip SpearsProject gallerySee allShow lessA Virtual Look Inside the Case Study House #3 by William W Wurster & Theodore BernardiArticlesPeople Are Sharing this Puzzle that Supposedly Tests Whether You’re “Smarter Than an…Architecture News Share Photographs:  Phillip Spears Manufacturers Brands with products used in this architecture project “COPY” CopyHouses•San Pedro Garza García, Mexico Projects Houses ShareFacebookTwitterPinterestWhatsappMailOr Clipboard “COPY” James Choate III Mexico Lead Architects: last_img read more

first_imgThe three founders of the Carlyle Group — William Conway, Daniel D’Aniello and David Rubenstein — raked in $803 million last year. (New York Times, Feb. 26)Did this trio find a cure for cancer, perhaps? No, not exactly. With much less effort, they used other people’s money to gamble on the stock market.It would take 53,249 workers earning the federal minimum wage of $7.25 per hour to earn what Conway, D’Aniello and Rubenstein got. That’s assuming that all these miserably paid workers were able to work 40 hours a week throughout the year. But the reality is that hundreds of thousands of Walmart employees are forced to work part time in spite of their need for full-time employment.The Carlyle Group is a “private equity firm” that controls nearly $200 billion in assets. Founded in 1987, Carlyle really took off when former Secretary of Defense Frank Carlucci became vice chair in 1989 and then chair in 1993.With Carlucci on board, the Carlyle Group became the 11th-biggest defense contractor. Big bucks were made dealing with merchants of death like Northrop Grumman and General Dynamics. Even The Economist magazine — a ruling-class mouthpiece — admitted that “the secretive Carlyle Group gives capitalism a bad name.” (June 26, 2003)Raoul Peck’s award-winning film “Lumumba” named Carlucci as one of those responsible for the assassination of ­Congolese independence leader Patrice Lumumba.Along with Dick Cheney, Carlucci helped Donald Rumsfeld dismantle the “War on Poverty” program during Richard Nixon’s presidency. After waging war on poor people in the U.S., Carlucci, Cheney and Rumsfeld became successive heads of the Pentagon and waged war on poor people around the world.A whole stable of influence peddlersCarlucci was just one of Carlyle’s fixers. Former President George H. W. Bush became a “senior advisor” to Carlyle’s Asia Board, while his secretary of state, James Baker, became a “senior counselor.”Before he became Texas governor and executed 152 people, George W. Bush was a board member of Carlyle’s Caterair International subsidiary. Bush is such a dolt that Rubenstein later admitted he had to kick him off the board. (Democracy Now! July 3, 2003)But the younger Bush’s stupidity didn’t prevent Texas from pouring hundreds of millions into Carlyle’s coffers. Last year, the state’s Board of Education invested $75 million in one of Carlyle’s real estate funds. (Pensions & Investments, July 18, 2014)Former British Prime Minister John Major brought to Carlyle his expertise in giving away the nationalized British railroads to speculators. This fire sale led to a series of deadly crashes, while Major went on to become chairman of Carlyle Europe.Other members of Carlyle’s stable included a former head of the German central bank, a brother of French ex-President Nicolas Sarkozy, two former prime ministers of Thailand and former Philippines President Fidel Ramos.Since 2001, Arthur Levitt — former chair of the U.S. Securities and Exchange Commission — has brought a legal veneer as a Carlyle “senior advisor.”The Carlyle Group is named after the favorite hotel of Conway, D’Aniello and Rubenstein, located on New York City’s snooty Upper East Side.This super luxurious hotel was named after the super racist Thomas Carlyle, who once wrote an essay entitled “The N——r Question,” lamenting the abolition of slavery in the British West Indies. (See the classic, “Capitalism and Slavery,” by Eric Williams, pp. 195-196.)The next time you see someone forced to fish for discarded food in a garbage can, think about the $800 million in loot raked in by the bosses of Carlyle. And then fight like hell for socialism. nFacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

first_imgMortgage payment break for local authority home loan borrowers will be extended by a further three months Print Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Limerick on Covid watch list Previous articleVOTE An Ríocht for the Public Choice RIAI Architectural Award 2019Next articleFirst directly elected mayor vote could take place in 2021 Alan Jacques Email WhatsApp Linkedin Advertisement NewsJan calls time on “tenements”By Alan Jacques – May 30, 2019 236 center_img Twitter RELATED ARTICLESMORE FROM AUTHOR Limerick county house prices to rise 5% in 2021 TAGSHousingJan O’Sullivan TDLabour PartyLimerick City and Countypolitics Facebook Labour Party Housing spokesperson Jan O’SullivanLIMERICK TD Jan O’Sullivan has called on Housing Minister Eoghan Murphy to rescind apartment guidelines that allow for shared accommodation, which has been labelled “21st-century tenements”.This follows cross-party, and industry, criticism of the plans to build large scale single-bed occupancy units with shared cooking facilities.Sign up for the weekly Limerick Post newsletter Sign Up O’Sullivan, Labour’s Housing Spokesperson, takes the view that if the Minister wants to genuinely address his “tone-deaf approach” to housing he must start by withdrawing the planning regulations he introduced that allow for co-living accommodation.“These units are being championed by speculators and developers and will result in cramped living conditions and new lows in standards for public housing. These modern tenements are ludicrous and not a solution to the housing crisis,” Deputy O’Sullivan declared.“I don’t know of anyone who would be excited to live in such a development.”Higher density living,  Jan believes, is the future of housing in Ireland. But she also maintains that Minister Murphy has “no ambition” for quality public housing.“There will be those who will seek apartments over houses for more long term living, especially in cities. But as we move towards this model of housing we still have to protect living standards. Just because someone is living alone, or in a smaller home, does not mean that they should need to be prepared to accept a one bedroom unit without living space or cooking facilities.“We need to solve this crisis by building quality homes in well-serviced communities. Jan went onto say that Labour recognise public housing is an “essential part of the solution to our current crisis”.“That is why we are committed to building 80,000 over five years which could be done for €16 billion if the ambition was there..”In response, a spokesman for the Department of Housing, explained that the guidelines set out policy in relation to a range of apartment types that are needed to meet the accommodation needs of a variety of household types and sizes – including households with children, students, older people and an increasingly mobile workforce.“This form of ‘niche’ development is not envisaged as an alternative or replacement to the more conventional apartment developments which are provided for elsewhere in the guidelines,” he added.Meanwhile, a spokesman for Minister Murphy expressed his disappointment to the Limerick Post “that the Labour Party is joining Sinn Féin in an attempt to cause confusion around CoLiving”.“They are attempting to destroy a concept, successful in other cities, by convincing voters that a planning application, which has not been granted, is Government policy. It’s dishonest. These guidelines were introduced 14 months ago and the Labour Party had no issue with them at that time. CoLiving is actually bringing vibrancy back into Georgian homes in Limerick City and I would urge Jan O’Sullivan to visit the development championed by LDA chairman John Moran and then speak to fact rather than political populism.” Limerick city house prices rise 4.9% as time to sell falls TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type!last_img read more

first_img Pinterest ‘Equine Education for Kids’ Pinterest By Digital AIM Web Support – February 24, 2021 Twitter Horses, Hearts, and Hands (H3), 12044 E. Goldenrod Drive, Gardendale, has scheduled Equine Education for Kids from 10:30 a.m. to 11:30 a.m. Thursday. This event will teach the kids how to behave around the horses, groom and basic horseback riding theory. There will also be a few horse-related activities. Horse treats will be provided. This event is limited to 15 children, first come first serve. Registration is required. A donation of $25 per child will go to help care for the horses. Tax receipts will be provided for all donations. For those interested in riding lessons, feel free to discuss with H3 representatives. This event is not a riding event. Led pony rides and photos for kids ages 2 to 8 or 9 to a maximum of 75 pounds only. H3 is a 501(c)(3) registered non-profit offering Equine Assisted Therapy to the disabilities and the veteran communities. To register or for more information, call 352-5070. TAGS  Facebookcenter_img Facebook Previous articleMuralistNext article062919 Cepero Meet 01 Digital AIM Web Support WhatsApp Twitter Local News WhatsApplast_img read more

first_imgHomepage BannerNews Pinterest GAA decision not sitting well with Donegal – Mick McGrath Facebook Google+ By admin – August 10, 2015 NPHET ‘positive’ on easing restrictions – Donnelly Twitter Pinterest Twitter WhatsApp Simon Community says government must do more to help people keep their homescenter_img Facebook WhatsApp Previous articleCFCE says a European decision on Carnagarve is expected within monthsNext articleLive register figures down 9.5% on same period last year admin RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson Nine Til Noon Show – Listen back to Wednesday’s Programme Google+ The Simon Community says the government needs to do more to help people stay in the homes they have, as latest figures suggest homelessness rates are growing, particularly outside Dublin.Speaking to Greg Hughes on the Shaun Doherty Show this morning, Simon spokesperson Niamh Randall said the policy needs to focus on helping people stay in their homes, rather than responding to emergency situations after they develop.She says a number of schemes are not working because they are unweildy, bureaucratic, and do not have the support of lenders and local authorities.Niamh Randall says this has been on the cards for some time, bu there’s been a lack of forward planning on the part of government…….Audio Player Up/Down Arrow keys to increase or decrease volume. Guidelines for reopening of hospitality sector publishedlast_img read more

first_img RELATED ARTICLESMORE FROM AUTHOR Google+ Twitter Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Pharmacists say the public need NOT be concerned about getting the flu vaccine in pharmacies after it emerged more than 12 hundred people were given the incorrect dosage.For the first time last year, pharmacists were allowed to administer the vaccine, which had previously been distributed during flu season by GPs.Making the vaccine available through pharmacies was broadly welcomed as a measure to increase the uptake of the vaccine.However, an investigation was launched after a pharmacist noticed documentation on the vaccine packaging differed from the dosage recommended to pharmacists during video training.Irish Pharmaceutical Union President is Donegal Pharmacist Rory O’Donnell.He says pharmacists moved quickly to rectify the mistake:[podcast][/podcast] Google+ Pinterest Donegal pharmacist reacts to flu jab dosage errorcenter_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Previous articleLYIT enters partnership with Galway-Mayo and Sligo ITsNext article26 jobs lost-Questions as to how a state backed company folded so quickly News Highland WhatsApp Calls for maternity restrictions to be lifted at LUH By News Highland – July 10, 2012 Facebook News Guidelines for reopening of hospitality sector published Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

first_imgColumnsDigitalization Of The Corporate World Vidhi Goel & Rishabh Gupta19 May 2021 6:33 AMShare This – xThe COVID-19 pandemic has severely altered the manner in which companies conduct their business. Almost all leading industrialised nations have already enacted crisis legislation in the field of company law. It has become difficult and sometimes impossible to conduct in – person meetings. After taking the cognizance of the disruptions in the functioning of companies, the Ministry of Corporate Affairs, Government of India (“MCA”) announced several relaxations in regulatory and statutory compliances to enable companies to tide over this period of disruption.Advertisement There have been numerous fields within the Company Law within which the relaxations announced by the MCA have been particularly active. Firstly, the last date of various schemes was extended upto 31st December, 2020. Secondly, the time for creation of DRR was extended upto 31st December, 2020. Thirdly, the last date to enter details in Independent Director’s data bank was extended. Fourthly, there has been inclusion of spending funds on tackling COVID – 19 as a CSR activity. Fifthly, companies may hold Extra Ordinary Meeting (EGM) through Video Conference (VC) or other audio – visual means (OAVM) upto 31st December, 2020. Sixthly, the MCA allowed board meeting to be held via video conference on restricted matters for a temporary period.Advertisement This article seeks to discuss the temporary relaxation provided by the MCA with regard to virtual meetings. Virtual meetings are helping not only by preventing the spread of the infection, but also in lowering the cost of holding meetings. However, there exist serious concerns about companies’ security and suppression of the minority’s voice. This article analyses the future of the virtual meetings, post COVID 19 after weighing the advantages and disadvantages. It also makes certain proposals for moving forward towards best practice for the conduct of virtual meetings while safeguarding the interests and concerns of companies and investors.Advertisement Advertisement VIDEO CONFERENCING OF BOARD MEETINGS UNDER THE COMPANIES ACT, 2013 – NOT A NEW CONCEPT The Companies Act, 2013 provides for holding board meetings through video conferencing. Section 173 (2) of the Companies Act, 2013 allows the director of a company to participate in a meeting Board through Video Conferencing, provided that the Company is capable of recording and recognising the participation of the directors and of recording and storing the proceedings of such meetings along with date and time. However, the Central Government is empowered to take a call regarding the matters or items that shall not be dealt with in a meeting through Video Conferencing.Advertisement Advertisement Advertisement Rule 4 of The Companies (Meetings of Board and its Powers) Rules, 2014 enumerates the following matters which cannot be raised in any meeting through Video Conferencing: the approval of the annual financial statements; the approval of the Board’s report; the approval of the prospectus; the Audit Committee Meetings for consideration of financial statement including consolidated financial statement if any, to be approved by the board; and the approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover. The Legislature has further to remove the hardships caused by the exception enumerated above, introduced the Companies Law (Amendment) Act, 2017, w.e.f. 7th May, 2018, wherein another proviso was inserted to this Section. The said proviso states that where there is quorum in a meeting through physical presence of directors, any other director may participate through Video Conferencing in such meeting on any matter specified under the first proviso. In Achintya Kumar Barua v Ranjit Barthkur[1], the National Company Law Appellate Tribunal (NCLAT) held section 173(2) of the Act read with the Companies (Meetings of Board and its Powers) Rules, 2014 to be a ‘progressive step’, as the said provisions confer the right upon a director to participate in a meeting through video-conferencing or other audio-visual means, and the Central Government has notified the aforesaid rules to enforce this right. The NCLAT observed that it would be in the interest of the companies to comply with the provisions in public interest. PROCEDURE FOR CONVENING AND CONDUCTING THE BOARD MEETINGS THROUGH VIDEO CONFERENCING OR OTHER AUDIO VISUAL MEANS. Rule 3 of The Companies (Meetings of Board and its Powers) Rules, 2014 stipulates various important points which is to be ensured for a meeting conducting through Video Conferencing or other audio visual means. Notice of Board Meeting: The Directors shall be informed about the option to participate in the board meeting through Video Conferencing or other audio visual means and all necessary information regarding the same, by a notice. The director who intents to attend the meeting through video conferencing or other audio visual means is obligated to intimate regarding the same to the Chairperson or the Company Secretary of the Company. In order to enable the Company to make suitable arrangements, the Director is also obligated to give prior intimation about his intention to participate in the Board Meeting through video conferencing or other audio visual means, in advance. Arrangements: The Necessary arrangements shall be made by the Company to avoid failure of video or audio-visual connection. Safeguard Integrity: It will be the duty of the Chairperson/Secretary to ensure that only the concerned director is attending or has access to the proceedings of the meeting conducted through Video Conferencing. Proper Facility: There should be clear audio and video for the participants who are attending the meeting through Video Conferencing during the course of the meeting. Companies shall, after thorough check of the various video Conferencing applications, choose the right application Recording the proceedings: The Company must ensure the while choosing the video conferencing application, it chooses which has audio/video recording facility, so that it can be stored as part of the records of the company for at least before the time of completion of audit of that particular year. Quorum: It is also to be ensured that throughout the meeting the required quorum is present. Statutory registers: The Registers which are required to be there in the Board meeting as per the Companies Act must be placed at the scheduled venue of the meeting. Also, where the Act requires such to be signed by the directors, they shall be deemed to have been signed by the directors participating through electronic mode, if such directors gave their consent to this effect and it is so recorded in the minutes of the meeting. Procedure: At the initiation of the board meeting, the Chairperson make a roll call at the commencement and the director’s attending such meeting through electronic mode shall state the following: Name;Location from where he is participating;Confirmation the receipt of the agenda and relevant material facts of the meeting;Confirming that no person other than him/her is attending or have access to the proceedings of the meeting. Proceedings of the Meeting: The director attending the board meeting through Video Conferencing shall identify himself for the record before speaking on any item of business on the agenda. Whenever there is any interruption or garble with respect to a statement of a director, who’s attending the meeting through Video Conferencing, there shall be a request by the Chairperson or Company Secretary for a repeat or reiteration by the Director. It shall be the duty of the Chairperson to conclude the decisions which are taken during the meeting on each item of agenda transacted. The same should be with the voting details, at the end of the meeting. The Chairperson has to make roll call at the end of the meeting and after every break. Minutes: The minutes of the meeting have to disclose the particulars of the directors who participated in the meeting through Video Conferencing. There should be circulation of the draft minutes of the meeting among all the directors within fifteen days of the meeting either in writing or in electronic mode as may be decided by the Board. There should be confirmation by every director regarding the accuracy of recording of the proceedings of that particular meeting in the draft minutes, within seven days or some reasonable time as decided by the Board, after receipt of the draft minutes failing which, his approval shall be presumed. In compliance with Section 118 of the Companies Act, 2013, the minutes of meeting shall be entered in the minute book and should be signed by the Chairperson. RELAXATION IN CONDUCTING BOARD MEETINGS THROUGH VIDEO CONFERENCING To tackle the inconvenience caused to Companies due to conduct the Board meetings during the lockdown period, the Ministry of Corporate Affairs has issued the Companies (Meetings of Board and its Powers) Amendment Rules, 2020 dated 19th March, 2020. These Amendment Rules dispensed with the requirement of the physical presence of the director at the Board Meetings of companies for a temporary period till 30th June, 2020. The Amendment permit such meetings though video conferencing temporarily. Thus, these Amendment Rules create exception till 30th June, 2020 that all the items including the five items mentioned in Rule 4 can also be conducted through Video- conferencing or other audio visual means in accordance with Rule 3 of the The Companies (Meetings of Board and its Powers) Rules, 2014. The Ministry of Corporate Affairs, again amended the aforesaid rules to further extend aforesaid temporary period till 30th September, 2020. Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020. Vide Companies (Meetings of Board and its Powers) Third Amendment Rules, 2020, the aforesaid temporary period was further extended till 31st December, 2020. Most recently, the Ministry of Corporate Affair has notified the Companies (Meetings of Board and its Powers) Third Amendment Rules, 2020, which has extended the aforesaid temporary period till 30th June, 2021. RELAXATION IN CONDUCTING EXTRA – ORDINARY GENERAL MEETING (EGM) The Companies Act, 2013 does not permit the conduct of member meetings through Video Conferencing or other audio visual means. However, pandemic caused by COVID – 19 on such colossal scale has constrained the Ministry of Corporate Affairs to issue a circular [2] for allowing companies to hold “Unavoidable” Extraordinary General Meetings (EGMs) through video conferencing (VC) or other audio-visual means (OAVM), complemented with e-voting facility or voting through registered emails. However, such permission to hold unavoidable EGMs through Video Conferencing was for a limited period till 30th June, 2020. Later, the Ministry of Corporate Affairs issued another circular[3] allowing the companies to conduct their EGMs through VC or OAVM or transit items through ballot upto 30th September 2020. Most recently, the Ministry of Corporate Affairs has allowed companies to conduct their EGMs through VC or OAVM up to 31st December, 2020 in accordance with MCA Circular No. 14/2020 dated 08th April, 2020. RELAXATION IN CONDUCTING ANNUAL GENERAL MEETING (AGM) Section 96 of the Companies Act, 2013 deals with calling, way of directing and time span of leading Annual General Meeting. This Section does not allow companies to assemble and direct the Conference through video conferencing or other general media. However, by virtue of need for ceaseless adherence to the social separating standards and limitations set on the movement of people, it was essential. Consequently, the Ministry of Corporate Affairs permitted organisations to hold their Annual General Meeting (AGM) by Video Conferencing (VC) or other general media implies (OAVM) during the schedule year 2020[5]. Taking into consideration the hardship suffered by companies due to the outbreak of COVID-19, and the limitations on free movement of people, the Ministry of Corporate Affairs allowed companies to hold virtual meeting temporarily. PROS OF HOLDING VIRTUAL MEETINGS OR MEETINGS THROUGH VIDEO CONFERENCING OR OTHER AUDIO VISUAL MEANS Virtual meetings have the upside that they save travelling time, accessibility increases and it is likely that more members will attend meetings. Crisp Meeting: In virtual meeting, if an agenda is clearly sent prior to the meeting, decision making becomes quick. However, in real time meetings, there tends to be delays and sometimes go off-track. Because online meetings tend to be shorter, there is a greater chance that the discussion will be focused. Equality: In real time meetings, the seating arrangement plays an important role. However, the virtual meetings do not provide any disadvantage to any member on account of their seating position and all members can see each other clearly resulting in each member’s buy-in, focus and decision making improves. Harnessing the talent of experienced leaders: Seniors and experienced members of a Company work for multiple boards and thus, at times, they were unable to join due to the inability to accommodate additional travel. Now, virtual meetings enable attendance without geographical restrictions. Including experts and thought leaders: In virtual meetings, it is easy to invite experts and leaders from different fields to guide through their enriching experiences to the members of the Company. The guests can easily and conveniently attend the session if it happens to be in the virtual form. Cost Effective: With the virtual meetings or meeting through video conferencing, the cost of holding the meetings including the costs of physical facilities for hosting the meeting and of security requirements and personnel substantially reduces. Comfort: The Virtual meetings also encourages few members of the Company to ask questions from the Board by removing their hesitation and anxiety about public speaking, with the use of the technology. CONS OF HOLDING VIRTUAL MEETINGS OR MEETINGS THROUGH VIDEO CONFERENCING OR OTHER AUDIO VISUAL MEANS Although, the benefits or the upside of holding meetings of the companies through videoconferencing or other audio visual means are notable, but there exists certain serious concerns as well. The interests of minority shareholders are often ignored as shareholders are cherry-picked for questions during a meeting. The suppression of the voice of the minority is a significant concern which lead to the oppression of minority at the hands of the majority and the board. One of the serious concerns of holding virtual meetings or meeting through Video Conferencing or other audio visual means is that the third party online platforms which are used for holding such meetings can be unfavourable for the Company, if such online platforms has access to sensitive information or company secrets which are discussed in the meeting. Such platforms may earn by selling such information, which would hamper the market position of the Company. In videoconferencing, the users are put at the mercy of the technology, which can be disrupted or stopped halfway through a meeting due to some network issues. There can be disruptions in the meetings or its sessions on account of the technical glitches at any particular time. The decision making process would be eventually delayed. There are instances where the webcast technology may cause delays in transmission, leading to uncertainty in timing during the Questions and Answers and voting segments of the meeting. Thus, the meetings conducted through online mode can be rendered useless, at times, due to dropped connections, camera malfunctions and choppy video streams. In videoconference meetings, it is impossible to look out for a time which would be reasonable to everyone because of difference in time in different locations in the world means it is virtually impossible to find a reasonable time for everyone. Another downside of using video conferencing is that while conducting interviews everyone is not comfortable using the online format, so there exists certain cases where either the employer or candidate opts for a face-to-face meeting instead. Another issue that arises with videoconferencing meetings is security. There are instances where in certain meetings, a very confidential information is generated. Thus, the companies prefer that their members go to the business trips rather than putting sensitive information of the company at risk. In addition, there are also non-technical challenges faced during virtual meetings, which include the disruptions caused by people who raise their views or ask questions at the same time, during virtual meetings meeting. PROPOSALS/SUGGESTIONS FOR MOVING AHEAD WITH THE CONCEPT OF VIDEOCONFERENCING AND OTHER AUDIO VISUAL MEANS (OAVM) The concept of holding meetings through Videoconferencing or other audio visual means was not prevalent in our country until the pandemic struck, post which it became necessary to permit the Companies to operate through visual mode in order to maintain business continuity along with protecting the health of the public. Although this decision to hold Board meetings and shareholder meetings through the digitalisation was only for a temporarily period, but with the benefits which digitalisation offers, there exists a strong recommendation to make it permanent. However, certain proposals have been enumerated herein below, which should be considered: AUTHORITY TO CONDUCT A VIRTUAL MEETING Since our country lacks legislative norms which govern the virtual meetings of a company, legislators at first shall lay legal norms for holding such meetings on online platforms. However, before the legislature permits the virtual meetings, it must also ensure certain safeguards to assuage the privacy concerns of the Company. Companies are also obligated to review their governing documents to ensure that they do not prohibit, either explicitly or implicitly, conducting virtual and hybrid meetings. UPDATING MEETING PROTOCOLS TO ENHANCE SHAREHOLDER PARTICIPATION Virtual meeting protocols can enhance shareholder participation or, if it is misused, can suppress it. Developing and following best practice in virtual meeting protocols as proposed below, combined with facilitative technology, is critical in maintaining investor confidence. Just as the arrangements for physical meetings can vary based on the needs and profiles of the company and their investors, there is no “one size fits all” approach to virtual and hybrid meetings. The considerations raised here are therefore intended not to be prescriptive but instead to prompt discussion on appropriate guidelines. MANAGEMENT OF QUESTIONS While addressing shareholders’ questions, transparency plays a pivotal role in building and retaining investor confidence. There must be protocols regarding management of shareholder questions and the same must be communicated in advance. This will dodge the perception that companies might manipulate or suppress undesirable questions. It is considered that it is a fundamental right of the shareholder to ask questions at meetings. However, in virtual communications, the shareholders may fear that their right to ask questions be obstructed or weakened, if the management of the company has access to pre-screen and filter their questions. This concern can be addressed through the robust Question and Answers tools and keep it updated and refreshing the list of the questions. For ensuring that the minority shareholders are not sabotaged by the majority, the management of the company should ensure that the good corporate governance is maintained at all times and the meeting duly complies with the necessary provisions of the Act and rules. Certain provisions such as Rule 20 of the Rules and Section 151 of the Act provide for the protection of interests of minority shareholders and prevent their oppression. Rule 20 provides for e-voting of shareholders with more than 1000 shares of a company in a meeting and Section 151 provides for appointment of directors elected by the minority shareholder. SECURE AND RELIABLE TECHNOLOGY Elimination of the requirement for uncommon webcasting applications to take part in a virtual gathering;Use of versatile gushing to consistently progress between stream quality without intruded on playback or buffering;Provision of secure login and investor validation for participation, easily of access for investors, and distant democratic;Combined enlistment, casting a ballot and revealing programming;Provision of constant administration revealing, tweaked moment results screen and nitty gritty review detailing;Device autonomy, versatile to the investor’s decision of gadget, to augment support. NON – TECHNICAL CHALLENGES Some techniques which can be used to overcome non-technical challenges experienced during virtual meetings include the Chairperson communicating rules of engagement at the beginning of each meeting, use of the chat box functionality to raise questions or comments, utilisation of the “hand raise” functionality and going around the virtual room requesting comments in a sequential manner.Although, the decision to allow companies to hold virtual meetings was a temporary relief provided by the Ministry of Corporate Affairs during the pandemic, there exists a strong recommendation to make it a permanent measure.The development of the virtual meetings is still in its infancy. However, there exists expectation that there will be a transition to virtual channels with increasing cross- border investment, the resulting geographic spread of investors, and the growing influence of the millennial generation on digital adoption in financial services.Despite the downsides of the virtual meetings, if conducted with proper technology and measures, they hold the potential to increase shareholder participation. Shareholders through the digital channel can vote and ask questions live, who were earlier restricted to proxy vote due to their geographical location, now have the chance to vote and ask questions live. Further, if an effective amendment is introduced to permanently allow electronic delivery of meeting materials, there can be substantial reduction in the costs of shareholder meetings. The use of virtual meetings or hybrid meetings has been already adopted by the several countries along with the statutory regulations over its conduct. However, in India, this scope is still uncertain but there is high possibility of amendments and regulations to come in place in Indian Corporate Law to conduct virtual meetings due to the existence of the Covid-19 pandemic and development of technology. Also, the decision to allow the companies to hold virtual meetings will aid the economic growth of India. This would require a revision to the important provisions of the Companies Act and related principles as likewise to the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Companies, investors and service providers, in conjunction with market regulators, need to work together to ensure that virtual meetings deliver the benefits of increased shareholder participation and engagement, and also support good corporate governance in a secure, reliable and cost-effective manner. As these actors draw on emerging practical experience to establish best practice, comfort and confidence in the conduct of virtual meetings will increase. Views are Personal [1] 2018 SCC OnLine NCLAT 580. [2] 8th April, 2020 has issued a General Circular No. 14/2020. [3] General Circular No 22/ 2020 dated 15th June 2020. [4] General Circular No. 33/ 2020 dated 28th September, 2020. [5] General Circular No. 20/2020 dated 05th May, 2020. TagsCOVID-19 COMPANIES ACT 2013 Ministry Of Corporate Affairs(MCA) Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

first_imgLatest Stories The Pioneer Museum of Alabama hosted Old Time Christmas Thursday, Friday and Saturday nights. The event drew hundreds of visitors who enjoyed storytelling, crafts, caroling and demonstrations.Old Time Christmas at the Pioneer Museum of Alabama was, once again, a great success as visitors stepped back in time to enjoy an old fashioned Christmas over the weekend.Jerry Peak, museum director, said all three nights were well attended and visitors expressed appreciation to the museum for its gift of the season.“Old Time Christmas is our gift to the community in appreciation for the support that we receive throughout the year,” Peak said. “Christmas is a time for giving and the museum staff and volunteers enjoy the opportunity to give something special to our community at this time of the year.” Museum event a ‘gift’ to the community Plans underway for historic Pike County celebration By The Penny Hoarder Email the author You Might Like Send your letters to Santa now! The Messenger’s staff is busy gathering letters to Santa from all the good little Pike County boys and girls. We’ll… read more Print Article Published 6:24 pm Tuesday, December 14, 2010 Around the WebDoctor: Do This Immediately if You Have Diabetes (Watch)Health VideosIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthRemember Them? I’m Sure Their New Net Worth Will Leave You SpeechlessbradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel By Jaine Treadwell Troy falls to No. 13 Clemson There is no charge for Old Time Christmas so it’s a good time to revisit the museum or to visit it for the first time.“Old Time Christmas would not be possible without our volunteers,” Peak said. “Our entertainment in the Village Center was presented by the Benton Brothers, Alex and Lee, and the Mount Olive Assembly of God Choir. John Phil McLaney, Jean Sasser, Jean Barr and Lyra Crapps played the pump organ and led the singing at the log church.Agnes Johnson had the home fires burning in the demonstration cabin and visitors were invited to roast marshmallows over the open fire and sip chocolate hot off the wood stove.” Ken Sunberg taught shape note singing and Grover Poole and Louis Glayre were the guides at the Adams General Store.Jerry Vinson and K.T. Valkyrie were the schoolmaster and marm and Tonya Gibson and her Girl Scouts made ornaments for the schoolhouse Christmas tree.“We will keep the ornaments that the Scouts made and use them again next year for tree decorations,” Peak said. “Patty Case was our Christmas storyteller and she captivated her audiences each night. And, of course, Old Father Christmas stopped by each night to hear the Christmas wishes of the little boys and girls.”Peak also expressed appreciation to the vendors whose craft items added to the shopping fun at the museum gift shop and to the Humane Society of Pike County for its participation. Remember America’s heroes on Memorial Day Book Nook to reopen The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Sponsored Content The Salvation Army bell ringers provided a familiar sound of the season and more than 200 nonperishable food items were donated to area food banks.Although Old Time Christmas is over, Christmas is still being celebrated at the Pioneer Museum of Alabama.“We invite everyone to visit the museum which is decked out for Christmas,” Peak said. “Visiting the museum is a fun way to spend time with the children or grandchildren when they are out of school. And, too, museum memberships make wonderful Christmas gifts. Family memberships are $35; individual memberships are $20.The museum is open from 9 a.m. to 5 p.m. Tuesday through Saturday and on Sunday afternoons but will close at noon Christmas Eve. Pike County Sheriff’s Office offering community child ID kits Skiplast_img read more