Industry News – General developments across sectors
In today’s fast-paced business landscape, data security is a top priority, especially for CFOs and CIOs. Abhesh Kumar from Springline Advisory argues the risks associated with siloed operations can lead to significant vulnerabilities in data management and cybersecurity. By fostering collaborative practices between finance and technology leaders, businesses can safeguard their data assets more effectively. […]
Rohan Sharma explores the critical role of AI governance in boardrooms, emphasising the need for robust oversight in an increasingly complex business landscape. With many boards lacking an AI agenda, the potential risks and inefficiencies are magnified, illustrating why companies must embrace AI strategically to protect shareholder value. Source: Forbes Key Points Nearly 50% of […]
Multiplex, an Australian developer, has reported a staggering AU$219.5 million net loss chiefly due to the Queen’s Wharf project in Brisbane. This massive write-off highlights the severe financial impacts stemming from complications with the Star Entertainment joint venture. Source: AGB Key Points Multiplex faced a net after-tax loss of AU$219.5 million in the last year […]
Issued by the Saudi Ministry of Human Resources and Social Development (MHRSD) in collaboration with the Ministry of Tourism, Ministerial Resolution No. 137440 introduces significant changes in the workforce landscape within Saudi Arabia’s tourism sector. This new regulation aims to boost job opportunities for Saudi nationals, ensuring a stable and productive workforce in a promising […]
Statsig, a startup that aids software teams in testing and launching products, has successfully raised $100 million in Series C funding, achieving a valuation of $1.1 billion. This news comes after their acquisition discussions with Datadog fell through, leading the latter to acquire competitor Eppo instead. The investment round was led by ICONIQ Growth, with […]
The article highlights the hidden age bias in organisations and how it’s often unintentional. It points out that many companies have not yet devised a comprehensive strategy to tap into the potential of individuals over the age of 50, which is a significant oversight given their economic contribution and experience. Key Points Companies frequently overlook […]
The article provides a comprehensive overview of the responsibilities and structure of company boards in Brazil, particularly focusing on the supervisory board’s composition and obligations under Brazilian law. It outlines the two-tier structure required for listed companies and highlights the various legal duties directors must adhere to, including duties of care, loyalty, and disclosure. It […]
Summary This article dives into the various aspects of outsourcing contracts in the UK, discussing common contract forms, due diligence required, supplier selection, and more. It highlights typical terms, duration, and how to effectively manage and exit outsourcing agreements. Key Points Single-vendor contracts are the most common, but can lead to fragmented management with multiple […]
Summary External Affairs Minister S. Jaishankar has highlighted India’s ongoing commitment to supporting its citizens living abroad. Speaking at the launch of the Global Access to Talents from India (Gati) initiative, he stressed the importance of institutional mechanisms like grievance redressal portals and funds for vulnerable citizens. The minister believes that as more Indians travel […]
In this engaging interview, Reena Talla, Employee Experience Service Lead at Kerry, discusses the evolving traits needed for rewards leaders in today’s dynamic work environment. As global workforce diversity increases, flexibility and personalisation in reward systems are now essential. Key Points Flexibility and personalisation in benefits are becoming critical as employee expectations shift. AI proficiency […]
