Latest news with #ExecutiveDirector
The Sun
3 days ago
- Business
- The Sun
Daniel Levy's right-hand woman LEAVES Tottenham as summer shakeup begins with Postecoglou's future also in doubt
TOTTENHAM executive director Donna Cullen has announced her departure from the club. Cullen had been on the Spurs board for almost 20 years before stepping down. 1 During that time, she became a close confidant of Daniel Levy and worked as his deputy. However, the executive director has now left the club to spend more time with her family. In a statement released on Monday morning, Cullen said: "This has been such a hard decision to make. The Club has been my life for the past three decades. "I have had the privilege of working with Daniel, whose vision and energy has driven the Club forward, and so many talented and wonderful colleagues. "It has been quite some journey, starting at White Hart Lane, with a brief stay at Wembley and finally our new home -amazing memories home and away. "Ending this season with the Europa League Trophy was a dream come true. "The time is now right for me to gather more time for myself and my family, whom I thank for all their support over the years. "I shall spend the coming months ensuring there is a smooth handover with my staff. Thank you all. I wish everyone at the Club all the success in the world." Meanwhile, Levy said: "Donna has made an immense contribution to the Club, over an extensive period. Her diverse responsibilities grew significantly and replacing her roles with a single individual will be impossible. "While many may associate her primarily with marketing and communications, Donna's impact extends far beyond those areas. Notably, her leadership and political acumen at planning committees, was instrumental in the Club being able to build one of the finest stadiums and training centres in the world. "She deserves recognition for the contribution she played in the formation of the Tottenham Hotspur Foundation, which has positively impacted countless individuals in our communities, and in establishing the London Academy of Excellence, providing children with exceptional educational opportunities. "Donna has pushed the conscience of the Club to be at the forefront of environmental and diversity initiatives. She also played a crucial role in supporting the amateur part-time Spurs Ladies, enabling the development of our professional women's team. "Her daily input will be greatly missed, however she fully deserves to take time for herself, and I know that we shall be able to call upon her advice when needed. We wish her well for the future."
CTV News
27-05-2025
- Entertainment
- CTV News
Mastering seafood cookery
Food and Fun The executive director of Devour! Studios share details on their Seafood Culinary Courses.
CTV News
22-05-2025
- General
- CTV News
Community members feeling ‘mixed-bag of emotions' after Israeli embassy members killed
Watch Rivka Campbell, Executive Director of the Beth Tikvah Synagogue, says members of the Jewish community are 'living in a cloud of fear.'
Yahoo
17-05-2025
- Business
- Yahoo
Fadi Diab Bought 93% More Shares In Bayan Mining and Minerals
Whilst it may not be a huge deal, we thought it was good to see that the Bayan Mining and Minerals Limited (ASX:BMM) Executive Director, Fadi Diab, recently bought AU$100k worth of stock, for AU$0.047 per share. While that isn't the hugest buy, it actually boosted their shareholding by 93%, which is good to see. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In fact, the recent purchase by Fadi Diab was the biggest purchase of Bayan Mining and Minerals shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.031). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. In the last twelve months insiders purchased 6.13m shares for AU$260k. On the other hand they divested 204.00k shares, for AU$13k. In the last twelve months there was more buying than selling by Bayan Mining and Minerals insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Bayan Mining and Minerals There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bayan Mining and Minerals insiders own 46% of the company, currently worth about AU$1.4m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Bayan Mining and Minerals. One for the watchlist, at least! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 5 warning signs for Bayan Mining and Minerals you should be aware of, and 4 of these are concerning. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
Yahoo
17-05-2025
- Business
- Yahoo
Audit of Alabama Music Hall of Fame reveals 29 areas of non-compliance, misspending
FLORENCE, Ala. (WHNT) — An audit was done on the Alabama Music Hall of Fame, and it revealed some issues with management, specifically with the Executive Director. The Alabama Department of Examiners of Public Accounts released its report on the Music Hall of Fame on Friday. The audit itself was conducted from October 1, 2018, and September 30, 2024. 'The examination was performed to determine whether the public officers, agents, and employees of the Board properly and lawfully accounted for all money and other public assets, or resources received, disbursed, or in the custody of the Music Hall of Fame Board,' the report said. The report revealed 29 areas of non-compliance with State laws and regulations and other matters found in the examination. Below is a list of the findings provided by the ADEPA. 2024-001: A review of the Board's expenditures for fiscal years 2023 and 2024 revealed 334 bank transactions totaling $76,731.19 and 242 credit card transactions totaling $36,706.19 for which there was no documentation provided, the transaction appeared to be unallowable, or the documentation provided was not sufficient to determine whether the Board had expended funds for an allowable purpose. 2024-002: During the review of employee longevity payments, it was determined that two employees were not paid the correct longevity pay. One instance was noted in which an employee was not paid a $600 longevity payment after five years of active service, resulting in a $600 underpayment. Another employee was paid $600 for longevity for two years without accumulating five years of active state service, resulting in a $1,200 overpayment. 2024-003: Two of the seven current board members do not meet the statutory requirements of their appointed seats. The Board was also required to meet four times a year, resulting in 24 meetings during the examination period; however, the Board only met seven times, 17 meetings short. 2024-004: The Board does not have policies and procedures in place that require segregation of duties, including review and approval, of cash receipt and disbursement activities. The Executive Director had access to the Board's bank account and was responsible for all deposits and disbursements. There was no review or approval of the transactions made by the Executive Director by an independent person. Furthermore, examination procedures revealed that the address on the Board's credit card statement was the home address of the Executive Director. 2024-005: A general ledger detailing all transactions for the bank account was requested. A general ledger could not be provided because transactions were not being recorded. As a result, cash receipts and disbursements, along with related revenues and expenditures, were not accounted for in an accounting system and a complete record of all receipts and expenditures could not be provided. 2024-006: Bank reconciliations for selected months during the examination period were requested for review. Only one reconciliation was provided. Testing revealed that the individual who performed bank reconciliations separated employment in May 2022. Bank reconciliations for periods prior to the employee's separation do not appear to have been retained and bank reconciliations for periods after the employee's separation were not performed. 2024-007: The Board could not provide a listing of the artifacts and memorabilia in their possession. Further, the insurance coverage for the artifacts and memorabilia was canceled in May of 2024. As a result, artifacts and memorabilia in the Board's possession are not protected from loss or misappropriation. 2024-008: The Board did not submit an RDA Implementation Report for fiscal years 2019 through 2022. An RDA Implementation Report for fiscal year 2023 was submitted February 9, 2024, after the January 15th deadline. According to the RDA Implementation Report submitted for fiscal year 2023, the Board did not destroy obsolete temporary records during the past fiscal year. However, examination results revealed that records that were not obsolete and did not qualify to be destroyed were actually destroyed. 2024-009: The Board does not have policies and procedures requiring the issuance of receipts or other documentation for donations given to the Board or to ensure all money collected is deposited into the Board's bank accounts. Additionally, records that detailed certain aspects of the rental of the facilities, such as the amount charged, were unable to be provided. 2024-010: The Board sells tickets to patrons for entrance to the museum. In addition, tickets were sold using a 3rd party online service and the Alabama Department of Tourism's all-in-one application. Money received from ticket sales was not reconciled to amounts deposited. In addition, there was an inconsistency with the accounting for field trips and group admissions. Instances were noted where these types of attendees were entered individually in the ticket sales software and other times where the groups were entered as a single line-item payment. Due to these inconsistencies, the number of admission tickets sold could not be determined. 2024-011: Based on discussions with the Alabama Music Hall of Fame staff, cash collections from admissions and gift shop sales were deposited weekly. However, testing revealed that certain deposits occurred as many as 8-15 days after collection. In addition, the timeliness of some deposits could not be determined due to documentation, such as the daily register reports, not being maintained. Additionally, deposits for items other than admissions and gift shop sales were noted during the review of bank information. 2024-012: The Board operates a gift shop on site and on the internet through its website. The Board failed to collect and remit sales tax from gift shop sales to the Alabama Department of Revenue. As a result, money due to the State of Alabama and its various instrumentalities for sales tax was not collected and remitted. 2024-013: The Board maintained a bank account and paid operating expenses from the account without reporting the information to the Comptroller for inclusion in the database. Failing to report information as required limits the public transparency of the Board's expenditures. 2024-014: Beginning October 1, 2022, the Code of Alabama 1975, Section 41-4-122, established the Chief Procurement Officer as the central procurement officer of the state. None of the purchases made subsequent to the law becoming effective on October 1, 2022, were completed through the Chief Procurement Officer, nor was a delegation of authority requested or obtained. 2024-015: The Board does not have policies and procedures relating to donations of its assets. During our review of expenditures, it was noted that donations or sponsorships were made to various local schools, youth sports leagues, and other local entities. For the fiscal years 2023 and 2024, these donations and sponsorships totaled approximately $9,700.00. The Board did not approve these donations or sponsorships. 2024-016: Meals were purchased for employees on numerous occasions. No documentation detailing these meals was directly related to the business of the Board or that the meals were incidental to a meeting. As a result, the Board paid for unallowable meals for employees. 2024-017: Employees of the Board were reimbursed for mileage for using their personal vehicles without the completion of travel forms. Due to the lack of documentation, we were unable to determine whether the employees were paid the appropriate amount of mileage, whether they were due per diem, or whether they were even traveling in the service of the State. In addition, the Executive Director traveled within the state on multiple occasions and paid for the actual cost of her meals by using the Board's debit and/or credit card. Due to a lack of documentation, we were unable to determine whether the Executive Director was due reimbursement for meals through the payment of per diem. The lack of documentation also prevented the determination of whether the travel was for legitimate business purposes of the Board. 2024-018: Employees of the Board traveled out of state for various business reasons. The actual travel expenses were paid by using the Board's debit and/or credit card. The written authorization, including certification, was unable to be provided for any of the travel conducted during the examination period. 2024-019: Verbal agreements were entered into with a local business to provide services to students who participated in field trips at the Alabama Music Hall of Fame and with musicians to provide performances at various events. Board approval was not provided for any of these verbal agreements. Due to the lack of Board-approved written contracts, payment amounts and the terms of the agreements could not be verified. 2024-020: The Board paid multiple individuals in excess of $600 for entertainment and labor without issuing a Form 1099. As a result, taxable payments were not properly reported to the Internal Revenue Service. 2024-021: The Board purchased items for resale, including beer and wine from local retail stores, to be resold to patrons attending events or renting the banquet hall. The Board also purchased various items to stock the Board's gift shop. The Board does not have any controls over inventories, which would include reconciling the items purchased to revenue collected and the inventory remaining on hand. 2024-022: Sales tax was paid to vendors from Board funds on multiple occasions. Since the Board is exempt from taxes, the amounts paid for sales tax could have otherwise been used to support the operations and purpose of the Board. 2024-023: During the review of compensatory leave, supporting time records could not be provided for one employee who earned and used 24 hours of compensatory time. Upon reviewing holiday time, supporting time records could not be located for one employee who earned and received compensation for 24 hours of holiday time upon resignation, resulting in a potential overpayment of $420.20. Two additional employees accrued holiday time in error, but the hours had not been used. 2024-024: Additional procedures were performed to determine whether the additional days were given due to the museum's regular operating schedule. The Music Hall of Fame's website indicates that the museum is open Tuesday through Saturday and closed Sunday and Monday. Employees' records documenting time worked show that employees' time is entered into the State payroll system as though they worked Monday through Friday. However, discussions with employees indicated that some employees worked Monday through Friday and others worked Tuesday through Saturday. Due to inconsistent records documenting time worked and the Music Hall of Fame employees not consistently following approved Board policy or State law related to holidays, it could not be determined whether the Executive Director authorized additional time off for holidays in excess of what was allowed. 2024-025: A review of purchases made during the examination period further revealed that the Board had purchased multiple items that were not assigned a property number, tagged, or reported to the State Auditor as required by the State Auditor's Office Property Manual. As a result, these items are subject to a greater risk of loss, neglect, and/or misuse. 2024-026: During the examination period, the Board met five times without notifying the Secretary of State, as required. All of these meetings were held virtually without adhering to the necessary requirements described in Section 36-25A-5.1. Lastly, a review of all seven board meetings revealed that none of the meeting minutes were signed by the chairman and recording secretary. As a result, interested parties are unable to know when Board meetings are to take place. Further, without signatures affirming that the minutes of the Board meetings are true and accurate, the public cannot be assured that the minutes represent the official actions taken by the Board. These issues were reported in the prior examination as Findings 2013-001 and 2013-002, which indicate that the findings initially occurred in fiscal year 2013. 2024-027: The information contained on the Secretary of State's website regarding the board members has not been updated and includes errors such as incorrect appointment dates, expiration dates, and incorrect board members. Additionally, the Board had seven members whose terms expired at various times during the examination period. The Chair failed to notify the Secretary of State within 45 days of the vacancies for the seven members who were expiring. The term expirations included the Chairman, whose term expired in July 2024 and has not been reappointed. As a result of these errors, the public was not properly informed of the current board members' information, nor were candidates who were interested in serving on the Board given notice of vacancies on the Board. 2024-028: The Board did not have adequate policies and procedures in place to ensure that public works projects were properly bid in accordance with the Code of Alabama 1975, Title 39. In August 2019, a public works contract was awarded for the purchase and installation of a large entrance sign in the amount of $51,997.88. The contract was not advertised for a sealed competitive bid in accordance with Title 39, nor were bonds obtained, or notices of completion published prior to final payment. 2024-029: During the examination period, the Alabama Music Hall of Fame Board (the 'Board') did not obtain vendor disclosure statements from any vendor that met the requirements described in the law. Additionally, ADEPA detailed the charges made by Burroughs, specifically from October 2022 through September 2024. Date Amount Charged Amount Unpaid Description of charge 10/1/2022 – 9/30/2024 $14,709.10 $14,709.10 Expenditures made to local restaurants and eateries for which inadequate or no documentation was provided to support theeligibility and purpose of the expenditures. 10/1/2022 – 9/30/2024 $38,766.16 $9,405 Expenditures made to individuals, described as musicians or laborers, where adequate documentation was unable to be provided to support the expenditures other than copies of the checks. 10/1/2022 – 9/30/2024 $742.50 $300 Checks made payable to individuals instead of the business indicated on the invoice. 10/1/2022 – 9/30/2024 $2,145.80 $1,319.82 Expenditures made to retail stores for which inadequate or no documentation was provided to support the eligibility and purpose of the expenditures. 10/1/2022 – 9/30/2024 $804.95 $804.95 Expenditures made for the purchase of gift cards for which inadequate or no documentation was provided to support the eligibility and purpose of the expenditures. 10/1/2022 – 9/30/2024 $12,286.06 $10,867.34 Expenditures made to in-state hotels where no documentation was provided to determine whether the amount was allowable under State travel laws and/or invoices were not provided to support the payments. 10/1/2022 – 9/30/2024 $43,982.81 $26,218.51 Expenditures made to other vendors for which inadequate or no supporting documentation was provided to support the eligibility and purposeof the expenditures. 12/2/2022 – 12/1/2023 $1,200 $1,200 Expenditures made for longevity pay when the Executive Director did not meet the years of service requirement. TOTAL AMOUNTS CHARGED $114,637.38 $64,719.98 'The Executive Director failed to show just cause why the remaining charges in the amount of $64,719.98 should not be paid,' the report said. You can read the full audit by ADEPA below. 25__365_25-365-Music-Hall-of-Fame-Board-auditDownload Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
