Latest news with #CorporateGovernance
Trade Arabia
a day ago
- Business
- Trade Arabia
New Chairman chosen for Bahrain Bourse
Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, elected Yousif Abdullah Al Yousif as the new Chairman of its Board of Directors at its first board meeting on June 1. This follows the issuance of Edict (1) of 2025 regarding the reformation of the Board of Directors of Bahrain Bourse, which was issued on April 29, 2025 by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Prime Minister, and Chairman of the Bahrain Economic Development Board (EDB). During the meeting, Yousif Abdullah Ali Reza was elected Vice Chairman, and the Board Committees were formed in accordance with the Corporate Governance Code of Bahrain Bourse. The newly appointed Board of Directors comprises Yousif Abdullah Al Yousif, Yousif Abdullah Ali Reza, Nabeel Saleh Abdulaal, Raed Abdulla Fakhri, Eman Jawad Al Asfoor, Habib Jawad Habib, Fatema Hamad Abul, Abdulla Abdulrazzaq Bukhowa, and Aisha Mohammed Abdulmalik. The directors expressed their sincere appreciation and deep gratitude during the meeting to His Royal Highness Prince Salman bin Hamad Al Khalifa for the trust and confidence placed in them through their appointment. The board affirmed its full commitment to supporting His Royal Highness's vision by dedicating all necessary efforts towards advancing the development of Bahrain Bourse and reinforcing its strategic role, as a key driver in the capital market, in supporting the Kingdom's ongoing economic growth. The board also underscored its intent to enhance the competitiveness of the Bourse, ensuring that it remains an attractive and trusted destination for both local and international investment. Al Yousif stated: 'It is a privilege to be entrusted with the responsibility of leading the Board of Bahrain Bourse at such a pivotal time. Together with my fellow Board Members and the Bourse's executive management, we aim to strengthen the Bourse's position as a dynamic and resilient financial market that continues to create opportunities for growth and investment in the Kingdom of Bahrain.' Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse, added: 'We are pleased to welcome the newly appointed Board of Directors and extend our heartfelt congratulations to the Chairman and Vice Chairman. Their collective and diverse expertise will play an instrumental role in steering Bahrain Bourse's long-term strategy, further enhancing investor's confidence, transparency, and efficiency.'
Zawya
a day ago
- Business
- Zawya
Bahrain Bourse announces election of Yousif Abdullah Al Yousif as Chairman of the Board during first meeting held following the board reformation
Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, held its first Board Meeting on Sunday, 1st June 2025 and elected Yousif Abdullah Al Yousif as the new Chairman of its Board of Directors, following the issuance of Edict (1) of 2025 regarding the reformation of the Board of Directors of Bahrain Bourse B.S.C., which was issued on 29th April 2025 by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Prime Minister, and Chairman of the Bahrain Economic Development Board (EDB). During the meeting, Yousif Abdullah Ali Reza was also elected as Vice Chairman, and the Board Committees were formed in accordance with the Corporate Governance Code of Bahrain Bourse. The newly appointed Board of Directors comprises Yousif Abdullah Al Yousif, Yousif Abdullah Ali Reza, Nabeel Saleh Abdulaal, Raed Abdulla Fakhri, Eman Jawad Al Asfoor, Habib Jawad Habib, Fatema Hamad Abul, Abdulla Abdulrazzaq Bukhowa, and Aisha Mohammed Abdulmalik. The newly appointed Board of Directors expressed their sincere appreciation and deep gratitude during the meeting to His Royal Highness Prince Salman bin Hamad Al Khalifa for the trust and confidence placed in them through their appointment. The Board affirmed its full commitment to supporting His Royal Highness's vision by dedicating all necessary efforts towards advancing the development of Bahrain Bourse and reinforcing its strategic role, as a key driver in the capital market, in supporting the Kingdom's ongoing economic growth. The Board also underscored its intent to enhance the competitiveness of the Bourse, ensuring that it remains an attractive and trusted destination for both local and international investment. Commenting on the occasion, Yousif Abdullah Al Yousif, Chairman of Bahrain Bourse, stated: 'It is a privilege to be entrusted with the responsibility of leading the Board of Bahrain Bourse at such a pivotal time. Together with my fellow Board Members and the Bourse's executive management, we aim to strengthen the Bourse's position as a dynamic and resilient financial market that continues to create opportunities for growth and investment in the Kingdom of Bahrain.' Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse, added: 'We are pleased to welcome the newly appointed Board of Directors and extend our heartfelt congratulations to the Chairman and Vice Chairman. Their collective and diverse expertise will play an instrumental role in steering Bahrain Bourse's long-term strategy, further enhancing investor's confidence, transparency, and efficiency.' The appointment of the new Board marks an important chapter in Bahrain Bourse's evolution, as it continues to contribute to the national economic agenda and strengthen its position as a vital pillar of Bahrain's capital market sector.
Telegraph
4 days ago
- Business
- Telegraph
Ryanair's Michael O'Leary lands historic €100m bonus
Ryanair chief executive Michael O'Leary has earned a bonus worth more than €100m (£84m) after the discount carrier's shares cleared a key performance target. The Irishman qualified for the mammoth payout on Thursday after Ryanair stock traded above the specified level of €21 for a 28th straight day, closing at €23.74. Mr O'Leary now stands to receive 10m shares for €11.12 apiece, or €111.2m in total. Based on Thursday's closing price, the stock would be worth €237m, bagging a paper profit of €126m. The Irishman is set for one of the biggest paydays in European corporate history despite Ryanair reporting a 16pc drop in annual profit in an earnings update last week. Mr O'Leary, a Manchester City fan, said at the time that the bonus was justified in light of the long-term performance of the airline, comparing it with the rewards on offer in the sporting world. He told analysts: 'I think we're delivering exceptional value for Ryanair shareholders in an era when Premiership footballers or the managers are getting paid €20m to €25m a year. 'I think Ryanair shareholders are getting a particular value out of our share options – both mine and the rest of the management team.' Mr O'Leary did not indicate how he might spend the money and has slimmed down the racehorse training operation into which he poured millions earlier in his career, winning three Grand Nationals and the Cheltenham Gold Cup in the process. The long-term incentive scheme was first set out in 2019 with an expiration date of 2024 as part of a deal that saw the Ryanair chief sign a new contract while accepting cuts to his salary and annual bonus. However, Covid intervened the following year, grounding flights, plunging airlines into the red and sending share prices tumbling, with Ryanair dropping to €8. Shareholders subsequently backed an extension to the expiry date. The carrier expanded rapidly in the wake of the pandemic, though struggled last summer after a row with online travel agents saw it deprived of some bookings. It was also unable to tap increasing demand for all-inclusive package breaks that boosted rivals easyJet, TUI and Jet2, having closed down its own holidays division some years ago. Regardless, Ryanair continues to rank as Europe's biggest airline by passenger numbers. Mr O'Leary is credited with transforming the Irish carrier from a regional also-ran into a goliath. He joined as finance chief in 1988 before becoming chief executive in 1994, importing a low-cost, no-frills business model copied from US discount giant Southwest Airlines. In order to receive the bonus award – to be paid in share options – Mr O'Leary must stay at Ryanair until July 2028, by which time he will be aged 67 and have been chief executive for almost 35 years. Ryanair did not respond to calls. It previously indicated earlier that it did not plan to comment on its chief executive's windfall since the share options would not vest for another three years.
Yahoo
26-05-2025
- Business
- Yahoo
NextGen Digital Appoints Matt Zahab to Board, Completes Final Tranche of Private Placement
NextGen Digital Platforms ( announced Monday the appointment of Matt Zahab to the board of di Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Maple Leaf Foods Reaffirms Board Diversity Commitment
MISSISSAUGA, ON , May 20, 2025 /CNW/ - Maple Leaf Foods Inc. (" Maple Leaf Foods" or the " Company") (TSX: MFI) today re-affirmed its commitment to promoting diversity on its Board of Directors. Consistent with the Company's Board Diversity Policy, Maple Leaf Foods has historically maintained at least 30% women on its Board of Directors. While representation of women on the Board has temporarily dropped to 27%, the Company is fully committed to adding another woman director at or prior to its 2026 annual meeting of shareholders. A copy of the Company's Board Diversity Policy specifying a commitment to maintain at least 30% representation from each gender is available here. About Maple Leaf Foods Maple Leaf Foods is a leading protein company responsibly producing food products under leading brands including Maple Leaf ®, Maple Leaf Prime ®, Maple Leaf Natural Selections ®, Schneiders ®, Mina ®, Greenfield Natural Meat Co. ®, LightLife ® and Field Roast ™. The Company employs approximately 13,500 people and does business primarily in Canada , the U.S. and Asia . The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI). Forward-Looking Statements This document may contain "forward-looking information" within the meaning of applicable securities law. These statements are not guarantees of future events and involve assumptions and risks and uncertainties that are difficult to predict. Specific forward-looking information in this document includes information related to the future composition of the Board of Directors. These statements are based on and were developed using a number of assumptions including, but not limited to assumptions related to the ability of the Company to attract and retain an additional woman director. Readers are cautioned that these assumptions may prove to be incorrect in whole or in part and actual results may differ from those anticipated in any forward-looking statements. All forward-looking statements included herein speak only as of the date hereof. Unless required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained herein are expressly qualified by this cautionary statement.
