E&C

Transition Technologies S.A.: South Korea and Poland - (un)expected business partners

Retrieved on: 
Thursday, February 22, 2024

For Poland, South Korea is a preferred Asian investor and a partner delivering sought-after technologies (including in such areas as nuclear energy and defence).

Key Points: 
  • For Poland, South Korea is a preferred Asian investor and a partner delivering sought-after technologies (including in such areas as nuclear energy and defence).
  • In turn, for South Korea, Poland is a "window" into the European Union and an optimal location for European investments in its own factories.
  • Most of this business cooperation is South Korean imports to Poland—the balance of trade runs 9 to 1 in favour of South Korea.
  • Outlook, similar political experiences, openness to new technologies, and simple human kindness, conscientiousness and attention to detail make South Korea and Poland ideal partners for each other in the business world."

Transition Technologies S.A.: South Korea and Poland - (un)expected business partners

Retrieved on: 
Thursday, February 22, 2024

For Poland, South Korea is a preferred Asian investor and a partner delivering sought-after technologies (including in such areas as nuclear energy and defence).

Key Points: 
  • For Poland, South Korea is a preferred Asian investor and a partner delivering sought-after technologies (including in such areas as nuclear energy and defence).
  • In turn, for South Korea, Poland is a "window" into the European Union and an optimal location for European investments in its own factories.
  • Most of this business cooperation is South Korean imports to Poland—the balance of trade runs 9 to 1 in favour of South Korea.
  • Outlook, similar political experiences, openness to new technologies, and simple human kindness, conscientiousness and attention to detail make South Korea and Poland ideal partners for each other in the business world."

LRN Report: Singapore Companies Lead Global Ethics & Compliance Metrics

Retrieved on: 
Wednesday, February 14, 2024

A new report by LRN Corporation , the leader in ethics and compliance (E&C) solutions that inspire principled performance, has found that organisations in Singapore compare favourably to global counterparts on ethics and compliance.

Key Points: 
  • A new report by LRN Corporation , the leader in ethics and compliance (E&C) solutions that inspire principled performance, has found that organisations in Singapore compare favourably to global counterparts on ethics and compliance.
  • The latest edition of LRN’s Ethics & Compliance Program Effectiveness Report has found that 90% of organisations surveyed in Singapore reported making difficult decisions that were consistent with the organisation’s values in the past year — 20% higher than the global and APAC averages.
  • Singapore organisations also significantly outperform global and APAC programmes in the implementation of incentives and disincentives for ethical behaviour - factoring these considerations into measuring management performance (87% for Singapore; 79% globally), hiring (82% for Singapore; 72% globally), promotion (79% for Singapore; 67% globally), and bonus awards (73% for Singapore; 60% globally).
  • They have taken action on ethical issues at a higher rate than worldwide peers and lead their global counterparts across several E&C metrics.” said Eric Morehead, Director, Advisory Service Solutions at LRN and lead author of the Singapore report.

LRN Research Finds Growing Focus on AI, Incentives, and Accountability Mechanisms

Retrieved on: 
Tuesday, February 13, 2024

In tandem, nearly three-quarters (74%) of organizations say they have made significant changes to their E&C programs to better reflect the needs of remote and hybrid employees.

Key Points: 
  • In tandem, nearly three-quarters (74%) of organizations say they have made significant changes to their E&C programs to better reflect the needs of remote and hybrid employees.
  • 52% of respondents said their executive leaders are generally “walking the talk” when it comes to dealing with compliance risks by operationalizing company values.
  • However, the data also illustrates that these decisions are largely taken by executive leadership (76%), rather than middle managers (39%).
  • This indicates that those at the middle level may be struggling to make difficult decisions consistent with company values and purpose.

LRN Courses Receive IBF Accreditation in Singapore

Retrieved on: 
Thursday, January 18, 2024

LRN Corporation , the global leader in ethics and compliance (E&C) solutions that enable organizations to inspire principled performance, has today announced that 47 of its courses have been accredited by the Institute of Banking and Finance Singapore (IBF).

Key Points: 
  • LRN Corporation , the global leader in ethics and compliance (E&C) solutions that enable organizations to inspire principled performance, has today announced that 47 of its courses have been accredited by the Institute of Banking and Finance Singapore (IBF).
  • The accredited courses from LRN provide financial services industry professionals with the necessary training to enhance their capabilities and ensure compliance with regulatory frameworks.
  • Completion of any of the accredited LRN courses will count toward the mandatory annual requirements for Continuing Professional Development (CPD), as stipulated by the IBF.
  • “Receiving IBF accreditation is critically important to ensuring that LRN can offer the most robust, flexible and relevant training available to financial industry professionals in Singapore,” said Matt Plass, Global Head of Segments at LRN.

Li-Cycle Holdings (LICY) Misled Investors About Rochester Hub, Lawsuit Claims - Hagens Berman

Retrieved on: 
Friday, December 22, 2023

SAN FRANCISCO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial losses to submit your losses now .
  • Among their concerns, the E&C cited securities class action litigation brought by investors against Li-Cycle.
  • Investors learned the truth on Oct. 23, 2023, when Li-Cycle announced that it has paused construction at the Rochester Hub.
  • “We’re investigating whether Li-Cycle may have made misleading statements and failed to disclose rising construction costs for the Rochester Hub,” says Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

Li-Cycle Holdings (LICY) Misled Investors About Rochester Hub, Lawsuit Claims - Hagens Berman

Retrieved on: 
Monday, December 18, 2023

SAN FRANCISCO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial losses to submit your losses now .
  • Among their concerns, the E&C cited securities class action litigation brought by investors against Li-Cycle.
  • Investors learned the truth on Oct. 23, 2023, when Li-Cycle announced that it has paused construction at the Rochester Hub.
  • “We’re investigating whether Li-Cycle may have made misleading statements and failed to disclose rising construction costs for the Rochester Hub,” says Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

E&C House Members Question Energy Department Over Loan to Li-Cycle Holdings (LICY) Amid Securities Class Action Suit - Hagens Berman

Retrieved on: 
Friday, December 15, 2023

SAN FRANCISCO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial losses to submit your losses now .
  • Li-Cycle Holdings Corp. (NYSE: LICY) Securities Fraud Class Action:
    On Dec. 4, 2023, members of the House Energy and Commerce Committee members wrote to Department of Energy Loan Programs Officer (LPO) Director Jigar Shah, questioning the LPO’s $375 million conditional loan commitment to Li-Cycle, a company’s whose stock has recently tanked on news it was halting construction on the Rochester hub.
  • Among their concerns, the E&C cited securities class action litigation brought by investors against Li-Cycle.
  • Investors learned the truth on Oct. 23, 2023, when Li-Cycle announced that it has paused construction at the Rochester Hub.

Petrofac Limited: Trading Update

Retrieved on: 
Wednesday, December 20, 2023

Petrofac issues the following pre-close trading update for the year ending 31 December 2023.

Key Points: 
  • Petrofac issues the following pre-close trading update for the year ending 31 December 2023.
  • Asset Solutions and IES underlying performance in line with guidance, before a one-off bad debt provision in Asset Solutions of approximately US$12 million.
  • Good progress in reaching contractual settlements in the second half, with approximately US$180 million collected year-to-date.
  • A project and commercial update will be provided with the publication of the Group’s full year results in 2024.

NEW REPORT: One-Third of Nordic Companies Do Not Measure Ethics & Compliance Effectiveness

Retrieved on: 
Wednesday, November 22, 2023

New research indicates that although companies across the Nordic region have made some progress when it comes to ethics and compliance (E&C) programs, they are still lagging significantly behind their global peers, according to the Nordic Business Ethics Network (NBEN).

Key Points: 
  • New research indicates that although companies across the Nordic region have made some progress when it comes to ethics and compliance (E&C) programs, they are still lagging significantly behind their global peers, according to the Nordic Business Ethics Network (NBEN).
  • The new report— the 2023 Nordic Ethics and Compliance Survey —is based on survey responses from 123 compliance professionals working in Nordic-based organizations across 17 different industries.
  • For the first time, this year’s report was supplemented by LRN Corporation , the leader in ethics and compliance solutions that enable organizations to inspire principled performance, which provided international comparative data and perspective from its global flagship Ethics & Compliance Program Effectiveness Report .
  • This compares with the 35% of global programs which provide personalized learning options (whether in-person, e-learning, or hybrid).