Latest news with #BoardMembers
CBC
3 days ago
- Health
- CBC
New board appointed to address systemic racism and inclusion in Yukon health care
Seven people were appointed as board members last Friday to launch Shäw Kwä'ą / Health and Wellness Yukon. The new authority will collaborate with Yukon First Nations to address systemic racism, cultural safety and inclusive care.
Entrepreneur
7 days ago
- Business
- Entrepreneur
Why Education Is the Key to Building Better Leaders
Opinions expressed by Entrepreneur contributors are their own. Leadership is not a title — it's a commitment. It's not something you achieve once and then simply maintain. Leadership must grow with you, your organization and the world around you. The most effective leaders understand that they are students for life, because the moment you stop learning, you stop leading. In my two decades of working with executives, entrepreneurs and board members, I've seen a clear pattern: Companies that thrive are led by individuals who invest in their own growth. They see leadership not as a fixed position but as an evolving responsibility to their teams, their stakeholders and the next generation of leaders who will follow in their footsteps. If you want to grow your company, elevate your career or prepare for the boardroom, there is one non-negotiable truth you must embrace: Education is at the heart of leadership evolution. Why leadership must keep evolving Business is moving faster than ever. New technologies, global market shifts and changing employee expectations have created a world where yesterday's leadership playbook is no longer enough. The companies that win are those where leaders understand that leadership is not a static skill set; it's a living, breathing force that adapts to meet new challenges. And it's not just about results on a spreadsheet. True leadership creates a ripple effect: For the company: Leaders drive innovation, sharpen strategy and build organizations that are agile enough to meet the future head-on. For employees: Great leaders foster trust, create environments where people feel valued and empower teams to achieve beyond their perceived limits. For future leaders: Perhaps most importantly, leadership sets the example for the next generation. When leaders learn, they teach. They inspire managers, who then inspire their teams, creating a powerful culture of continuous growth. Leadership doesn't just sit in the C-suite. It cascades downward, shaping an organization from the top to the front lines. If you want your company to evolve, your leadership must evolve first. Education: The missing link in leadership development One of the most common misconceptions I encounter when speaking with executives is the belief that experience alone is enough to keep them ahead. Experience is valuable, but it is not the same as education. Experience teaches you what worked yesterday. Education prepares you for what will work tomorrow. The best leaders, whether they are running a startup or sitting on the board of a Fortune 500 company, commit to learning. They attend leadership programs, seek out mentorship, study market trends and invest in executive education not because they have to, but because they know it keeps them sharp. At Boardsi, we've built our entire approach to leadership and board readiness on this principle. We created the Boardsi Board Suite preparation journey with one core belief in mind: If you want to be effective in the boardroom, you must be a student of leadership and governance. Our Executive Board Education is designed to help leaders develop the skills that today's boards demand: strategic insight, financial acumen, cultural awareness and the ability to guide organizations through disruption. This isn't education for the sake of checking a box. It's education designed to elevate leaders so they can make a real impact. Education and innovation go hand in hand The connection between leadership education and innovation is undeniable. Think about it: If you're not exposing yourself to new ideas, how can you possibly create them? When leaders commit to education, they: Challenge outdated models and explore new frameworks for decision-making. Bring fresh ideas back to their organizations, inspiring change instead of simply reacting to it. Model a growth mindset for their teams, showing that curiosity and development are part of the culture. Innovation is not just about technology or product design; it's about mindset. A leader who invests in their own education sends a clear message to their team: "We will not settle for staying the same. We will grow, adapt and lead." From the C-suite to the boardroom For executives who aspire to serve on boards, education is not optional — it's a requirement. Boards are no longer passive groups of advisors. Today's boards are active, strategic partners who guide organizations through everything from digital transformation to global expansion. At Boardsi, we've seen a growing trend: Companies are not only looking for leaders with experience but also those who demonstrate a commitment to continuous learning. They want board members who bring current knowledge, relevant expertise and the ability to navigate an increasingly complex landscape. This is why our Boardsi Board Suite includes Executive Board Education. We help leaders understand governance, sharpen their strategic thinking and position themselves as board-ready candidates who can create value from day one. Education is the foundation for career growth It doesn't matter if you're leading a company or managing a small team; education will set you apart. If you want to: Scale your business Build a leadership culture that attracts and retains top talent Serve on a board or become an advisor … you must be willing to learn. The world doesn't need leaders who claim to "know it all." It needs leaders who know how to evolve, who are willing to admit there's always more to learn and who lead by example in their pursuit of knowledge. When you embrace education, you're not just investing in yourself; you're investing in everyone who looks to you for leadership. Leadership is not a destination. It's a journey that demands education, adaptation and a commitment to growth. Whether you're running a startup, scaling a company or preparing for your first board seat, the message is clear: If you want to elevate your leadership, start by elevating your education. Because when leaders learn, they don't just transform their careers — they transform their companies, their teams and the future of business. And that's exactly the kind of leadership the world needs right now.
Times of Oman
10-08-2025
- Business
- Times of Oman
FSA appeals ruling acquitting some board members in Sweets of Oman suit
Muscat, Oman - The Financial Services Authority (FSA), regulator of Oman's capital market and insurance sector, has announced that it has appealed a Primary Court ruling in Muscat that effectively acquitted three board members of publicly listed Sweets of Oman SAOG, while imposing a substantial financial penalty on one board member and several executive management staff in an embezzlement case. The appeal, filed on 29 July 2025, is in response to the ruling of the Primary Court issued on 30 June 2025 in the suit brought against members of the Board of Directors of Sweets of Oman SAOG for their term of office from 2017 to 2019, along with a number of the company's executive employees. The case concerned a criminal matter related to serious violations that caused financial harm to the company and its shareholders, committed by one board member in collaboration with several executive management employees. The Primary Court, in its verdict, ordered certain members of the board and executive management to return an amount of OMR 5 million in favor of the company and its shareholders, in addition to bearing court fees and expenses. It however acquitted three board members from liability, citing the lack of a causal link between them and the proven damages, as determined in the court's reasoning. This acquittal now been contested by the Authority through its appeal filed recently. The court's ruling followed reports confirming that the company's losses and damages resulted from gross negligence in fulfilling the Board's legal and oversight duties, with major shortcomings in five key areas: failure to oversee bank loans, including obtaining loans without assessing their feasibility or impact and recording them at non-genuine values in the financial statements; approval of financial statements without internal audit review and confirmation of fictitious inventory at a branch; addition of financial assets without legal approval, a board resolution, or clear funding sources; failure to apply policies for writing off doubtful debts in accordance with International Accounting Standards; and suspicions of collusion by certain executive employees in inflating revenues and understating liabilities, coupled with the Audit Committee's failure to fulfil its duties in line with corporate governance principles for public joint-stock financial companies. The Authority emphasised that these practices resulted in the presentation of inaccurate and misleading financial data, harming the company's financial position and the interests of its shareholders. This ruling reflects the Omani judiciary's affirmation of the principle of personal liability for members of boards of directors of public joint-stock companies, which does not end with the expiry of their term of office but extends for five years from the date of the act or omission, in accordance with Article (18) of the Commercial Companies Law. The Authority also stressed the necessity for board members to carry out their legal and oversight responsibilities with competence and awareness, ensuring proper guidance of executive management without excessive interference in daily operations or neglect in follow-up and monitoring, thereby safeguarding financial procedures and protecting shareholders' rights. This approach is reinforced by Article (206) of the Commercial Companies Law, which states: 'The members of the Board of Directors shall be jointly liable towards the company, shareholders, and third parties for damages resulting from their joint actions in violation of the law, actions exceeding their powers, or any fraud, forgery, or error they commit during the performance of their duties, as well as for failing to act with the care of a prudent person under given circumstances.' It is noteworthy that the ruling was issued after the court merged two lawsuits filed against the company's board members and certain executive employees. The Financial Services Authority filed the first lawsuit in December 2022, followed by a second lawsuit filed by several major shareholders in July 2023. The Authority reaffirms its full commitment to promoting the principles of governance, transparency, and accountability, and to exercising its regulatory role in monitoring compliance by companies under its supervision and their boards of directors with applicable laws and regulations, based on the powers granted to it under the Commercial Companies Law No. (18/2019), including Article (207). It also calls on all parties to strictly comply with the applicable laws and regulations, and to refrain from any practices that could undermine the integrity and efficiency of markets or harm the rights of shareholders and investors.
Associated Press
03-07-2025
- Business
- Associated Press
eToro Appoints Former SEC Commissioner Laura Unger and Wix CFO Lior Shemesh as Board Members
NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) -- eToro Group Ltd. ('eToro', or the 'Company') (NASDAQ: ETOR), the trading and investing platform, today announced the appointment of Laura Unger and Lior Shemesh as Board Members. Both Ms. Unger and Mr. Shemesh will also join eToro's Audit & Risk Committee. Commenting on the appointments, Yoni Assia, Co-founder and CEO, said: 'As eToro enters this new chapter as a Nasdaq listed company, we are delighted that Laura Unger and Lior Shemesh will join eToro's Board. As leaders in their respective fields, they bring extensive knowledge and expertise to the Board. We look forward to benefiting from Laura's experience across regulatory governance and risk management, as well as Lior's financial and operational leadership as we continue to grow eToro's presence around the world, including our goal to expand our operations in the U.S.' Ms. Unger is a financial services regulatory, legislative, policy and strategy expert. She has held a variety of public and private sector roles and served on multiple corporate boards over the last twenty years, including Borland Software, MBNA, Merrill Lynch IQ Funds, Ambac Financial, CA Technologies, CIT Group and Navient Corporation. She is a former SEC Commissioner and Acting Chair, and former Counsel to the U.S. Senate Banking Committee. Ms. Unger currently serves as an independent director and Risk Committee Chair for the global investment bank Nomura Holdings Inc. (NYSE 'NMR') (Tokyo), as Audit Chair and director of its largest subsidiary, Nomura Holdings America, and director of its trading platform, Instinet. Ms. Unger began her government career as an SEC Enforcement Attorney in NYC and Washington, DC, followed by her service as Securities Counsel to the US Committee on Banking, Housing and Urban Affairs. She received a B.A. in Rhetoric from the University of California at Berkeley in 1983, and a J.D. from New York Law School in 1987. 'I'm pleased to join eToro's Board at such an exciting moment for the company and for the investing landscape more generally. I look forward to sharing my two decades of experience by providing capital markets, regulatory and governance insights. Beyond this, eToro and I share a passion for understanding technology's impact on capital markets. At a time when the pace of technological innovation is accelerating, I'm thrilled to be joining a company which prides itself on being at the forefront of compliant innovation,' said Ms. Unger. Lior Shemesh is an experienced CFO with a strong track record of shaping and leading the financial strategy and operations for technology companies. He has served as CFO of Nasdaq listed software company Wix since April 2013. Before joining Wix, Lior served as VP Finance and then CFO at Alverion Ltd., a provider of optimized wireless broadband solutions. Previously, he held senior finance roles at Veraz Networks Inc., a softswitch, media gateway and digital compression solutions provider, and ECI Telecom Ltd., a network infrastructure provider. From July 2012 to June 2021, Mr. Shemesh served on the board of directors of Aspen Group Ltd., where he was also on the compensation committee, financial statements committee, as well as Chair of the audit committee. Mr. Shemesh began his career as an accountant at Israel Aerospace Industries. He has a B.A. in Accounting & Economics and an M.B.A. from Bar-Ilan University. 'I'm honored to be joining the Board of eToro at such a pivotal time in its growth journey. I've spent years in the technology space and am deeply impressed by eToro's commitment to harnessing technology to empower individual investors around the world. I look forward to working with the Board and eToro's leadership team to support the company's mission and help drive its continued growth and success,' said Mr. Shemesh. About eToro eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we've created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news. Cautionary Language Concerning Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding eToro's financial outlook and market positioning. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as 'outlook,' 'guidance,' 'expect,' 'anticipate,' 'should,' 'believe,' 'hope,' 'target,' 'project,' 'plan,' 'goals,' 'estimate,' 'potential,' 'predict,' 'may,' 'will,' 'might,' 'could,' 'intend,' 'shall' and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond eToro 's control. eToro 's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to market volatility and erratic market movements; failure to retain existing users or adding new users; extreme competition; changes in regulatory and legal framework under which eToro operates; regulatory inquiries and investigations; eToro's estimates of its financial performance; interest rate fluctuations; the evolving cryptoasset market, including the regulations thereof; conditions related to eToro's operations in Israel, including the ongoing war; risks related to data security and privacy and use of OSS; risks related to AI; changes in general economic or political conditions; changes to accounting principles and guidelines; the ability to maintain the listing of eToro's securities on Nasdaq; unexpected costs or expenses; and other factors described in 'Risk Factors' in eToro's Registration Statement on Form F-1, filed with the Securities and Exchange Commission (the 'SEC') on March 24, 2025, as amended, and declared effective by the SEC on May 13, 2025. Further information on potential risks that could affect actual results will be included in the subsequent filings that eToro makes with the SEC from time to time. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent eToro's views as of the date of this press release. eToro anticipates that subsequent events and developments will cause its views to change. eToro undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing eToro's views as of any date subsequent to the date of this press release. Contact Media Relations - [email protected] Investor Relations - [email protected] Photos accompanying this announcement are available at
The Independent
12-06-2025
- Politics
- The Independent
Mass resignations at prestigious scholarship board over Trump admin ‘interference'
Nearly all members of the board overseeing the prestigious Fulbright scholarships resigned on Wednesday, citing interference from the Trump administration in the selection of award recipients for the international exchange program. In a statement published online, the board members accused the administration of overstepping its authority by denying awards to "a substantial number of people" who had already been selected to study and teach in the U.S. and abroad. They also noted that an additional 1,200 foreign award recipients, already approved to come to the U.S., are now subject to an unauthorized review process that could lead to their rejection. "To continue to serve after the Administration has consistently ignored the Board's request that they follow the law would risk legitimizing actions we believe are unlawful and damage the integrity of this storied program and America's credibility abroad," the statement read. The Fulbright program, established by Congress nearly 80 years ago, aims to promote international exchange and American diplomacy. It awards approximately 9,000 scholarships annually in the U.S. and over 160 other countries to students, scholars, and professionals across various fields. All but one of the 12 board members resigned, according to Carmen Estrada-Schaye, who is the only remaining board member. "I was appointed by the president of the United States and I intend to fill out my term," Estrada-Schaye said. Fulbright scholars include recent U.S. college graduates who pursue further study or teach English overseas, American professors who spend a year at a university in another country and international scholars who come to the U.S. to study or work at universities here. Alumni of the program have gone on to serve as heads of state or government and have received Nobel and Pulitzer prizes. Notable alumni include Leslie Voltaire, president of Haiti's transitional presidential council; Muhammad Yunus, chief adviser of Bangladesh; Luc Frieden, prime minister of Luxembourg; and King Felipe VI of Spain. Award recipients are selected in a yearlong process by nonpartisan staff at the State Department and other countries' embassies. The board has had final approval. The recipients who had their awards canceled are in fields including biology, engineering, agriculture, music, medical sciences, and history, the board members said. All the board members who resigned were selected under former President Joe Biden. The State Department, which runs the scholarship program, said they were partisan political appointees. "It's ridiculous to believe that these members would continue to have final say over the application process, especially when it comes to determining academic suitability and alignment with President Trump's Executive Orders,' the department said. 'The claim that the Fulbright Hayes Act affords exclusive and final say over Fulbright Applications to the Fulbright board is false. This is nothing but a political stunt attempting to undermine President Trump.' The resignations were first reported by The New York Times. The intervention from the Trump administration undermines the program's merit-based selection process and its insulation from political influence, the board members wrote. "We believe these actions not only contradict the statute but are antithetical to the Fulbright mission and the values, including free speech and academic freedom, that Congress specified in the statute," the statement said. "It is our sincere hope that Congress, the courts, and future Fulbright Boards will prevent the administration's efforts to degrade, dismantle, or even eliminate one of our nation's most respected and valuable programs." The announcement comes as the Trump administration ratchets up scrutiny of international students on several fronts. The administration has expanded the grounds for revoking foreign students' legal status, and recently paused scheduling of new interviews for student visas as it increases vetting of their social media activity.
