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GSMB to monitor construction work of Financial City

The GSMB Chairman said that measures will be taken to remove the rock stones and ensure the construction takes place in line with the agreement between the parties concerned without damaging the environment. (Colombo Gazette)Report by Indika Sri Aravinda Dissanayake said this has threatened marine life and the movements of ships to the Colombo port which is close to the project site. He said that the suspension of the project for several months after it began, had resulted in massive rock stones placed around the project site being washed into the sea. The Geological Survey and Mines Bureau (GSMB) is to monitor construction work on the Financial City (formerly known as port city) at Galle Face.GSMB Chairman Kithsiri Dissanayake said that an official will be appointed to ensure the construction of the Financial City dos not harm the environment. read more

Regulators sign on to new rules regarding women on boards and in

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Regulators sign on to new rules regarding women on boards and in senior roles by The Canadian Press Posted Oct 15, 2014 1:42 pm MDT TORONTO – Securities regulators in seven provinces and two territories have signed on to new rules aimed at increasing the number of women on company boards and in senior management.The amendments will require companies to have targets for the number of women on their boards and in executive positions and disclose the actual number of women in those roles.Companies will also need to provide annual disclosure regarding director term limits and other renewal mechanisms and policies regarding the representation of women.The new rules are set to take effect on Dec. 31.The provinces included in the changes are Ontario, Quebec, Manitoba, Saskatchewan, New Brunswick, Newfoundland and Labrador and Nova Scotia.The Northwest Territories and Nunavut have also signed on.The Ontario Securities Commission said the changes are intended to increase transparency for investors regarding the representation of women on boards of directors and in senior management.“We know from stakeholder and investor feedback in the participating jurisdictions that this issue is an important one, and we’ve taken steps in a co-ordinated fashion to broaden disclosure in this area,” OSC chairman and chief executive Howard Wetston said in a statement. read more