Latest news with #GeneralMeeting
Hamilton Spectator
3 hours ago
- Business
- Hamilton Spectator
Shell announces commencement of a share buyback programme
Shell plc Shell announces commencement of a share buyback programme July 31, 2025 Shell plc (the 'Company') today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three months (the 'programme'). The purpose of the programme is to reduce the issued share capital of the Company. All shares repurchased as part of the programme will be cancelled. It is intended that, subject to market conditions, the programme will be completed prior to the Company's Q3 2025 results announcement. The Company has entered into an arrangement with a single broker consisting of two irrevocable, non-discretionary contracts, to enable the purchase of ordinary shares on both London market exchanges (the London Stock Exchange and/or on BATS and/or on Chi-X) (pursuant to one 'London contract') and Netherlands exchanges (Euronext Amsterdam and/or on CBOE Europe DXE and/or on Turquoise Europe) (pursuant to one 'Netherlands contract') for a period up to and including October 24, 2025. The aggregate maximum consideration for the purchase of ordinary shares under the London contract is $1.75 billion and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $1.75 billion. Purchases under the London contract will be carried out in accordance with the Company's authority to repurchase shares on-market and will be effected within certain contractually agreed parameters. Purchases under the Netherlands contract will be carried out in accordance with the Company's authority to repurchase shares off-market pursuant to the off-market share buyback contract approved by its shareholders and the parameters set out therein. The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the programme (across both contracts) is 602,100,000, which is the maximum number remaining as of the date of this announcement pursuant to the relevant authorities granted by shareholders at the Company's 2025 Annual General Meeting. The broker will make its trading decisions in relation to the Company's securities independently of the Company. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules, Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes ('EU MAR') and EU MAR as 'onshored' into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced including by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time and the Commission Delegated Regulation (EU) 2016/1052 (the 'EU MAR Delegated Regulation') and the EU MAR Delegated Regulation as 'onshored' into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced, including by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement 'Shell', 'Shell Group' and 'Group' are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', 'Shell subsidiaries' and 'Shell companies' as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms 'joint venture', 'joint operations', 'joint arrangements', and 'associates' may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term 'Shell interest' is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 'aim'; 'ambition'; ''anticipate''; 'aspire'; 'aspiration'; ''believe''; 'commit'; 'commitment'; ''could''; 'desire'; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; 'milestones'; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; 'schedule'; ''seek''; ''should''; ''target''; 'vision'; ''will''; 'would' and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F and amendment thereto for the year ended December 31, 2024 (available at and ). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, July 31, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensity Also, in this announcement we may refer to Shell's 'net carbon intensity' (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's 'net carbon intensity' or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions target Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F and any amendment thereto, File No 1-32575, available on the SEC website . LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Acquisition or disposal of the issuer's own shares.
Toronto Star
4 hours ago
- Business
- Toronto Star
Shell announces commencement of a share buyback programme
Shell plc Shell announces commencement of a share buyback programme July 31, 2025 Shell plc (the 'Company') today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three months (the 'programme'). The purpose of the programme is to reduce the issued share capital of the Company. All shares repurchased as part of the programme will be cancelled. It is intended that, subject to market conditions, the programme will be completed prior to the Company's Q3 2025 results announcement. The Company has entered into an arrangement with a single broker consisting of two irrevocable, non-discretionary contracts, to enable the purchase of ordinary shares on both London market exchanges (the London Stock Exchange and/or on BATS and/or on Chi-X) (pursuant to one 'London contract') and Netherlands exchanges (Euronext Amsterdam and/or on CBOE Europe DXE and/or on Turquoise Europe) (pursuant to one 'Netherlands contract') for a period up to and including October 24, 2025. The aggregate maximum consideration for the purchase of ordinary shares under the London contract is $1.75 billion and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $1.75 billion. Purchases under the London contract will be carried out in accordance with the Company's authority to repurchase shares on-market and will be effected within certain contractually agreed parameters. Purchases under the Netherlands contract will be carried out in accordance with the Company's authority to repurchase shares off-market pursuant to the off-market share buyback contract approved by its shareholders and the parameters set out therein. The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the programme (across both contracts) is 602,100,000, which is the maximum number remaining as of the date of this announcement pursuant to the relevant authorities granted by shareholders at the Company's 2025 Annual General Meeting. ARTICLE CONTINUES BELOW The broker will make its trading decisions in relation to the Company's securities independently of the Company. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules, Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes ('EU MAR') and EU MAR as 'onshored' into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced including by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time and the Commission Delegated Regulation (EU) 2016/1052 (the 'EU MAR Delegated Regulation') and the EU MAR Delegated Regulation as 'onshored' into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced, including by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement 'Shell', 'Shell Group' and 'Group' are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', 'Shell subsidiaries' and 'Shell companies' as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms 'joint venture', 'joint operations', 'joint arrangements', and 'associates' may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term 'Shell interest' is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 'aim'; 'ambition'; ''anticipate''; 'aspire'; 'aspiration'; ''believe''; 'commit'; 'commitment'; ''could''; 'desire'; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; 'milestones'; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; 'schedule'; ''seek''; ''should''; ''target''; 'vision'; ''will''; 'would' and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F and amendment thereto for the year ended December 31, 2024 (available at and These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, July 31, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensity Also, in this announcement we may refer to Shell's 'net carbon intensity' (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's 'net carbon intensity' or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Shell's net-zero emissions target Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F and any amendment thereto, File No 1-32575, available on the SEC website LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Acquisition or disposal of the issuer's own shares.
Hindustan Times
17 hours ago
- Sport
- Hindustan Times
Pakistan set for 2028 Olympics rejection as ICC finalise qualification pathway: Report
Cricket is set to return to the Summer Olympics after a 128-year hiatus, with six teams competing in both the men's and women's T20 formats at the LA28 Games. However, former T20 world champions Pakistan and New Zealand won't be part of the next Olympics after the International Cricket Council (ICC) reportedly finalised the qualification pathway. Why Pakistan will miss out on 2028 Olympics(AP) According to a report in the Guardian, Pakistan and New Zealand could miss out on the men's T20 cricket tournament at the Olympics in 2028 after the ICC confirmed the qualification scenario during July's Annual General Meeting in Singapore. The report stated that the ICC decided to implement a regional qualification system. "It has been proposed that the top-ranked team in Asia, Oceania, Europe and Africa qualify automatically, along with the USA, who would represent the Americas. That would have implications for West Indian islands hoping to compete," it explained. Based on the proposed system, India (Asia), Australia (Oceania), Great Britain (Europe), and South Africa (Africa) would qualify based on current T20I rankings, while the USA (Americas) would gain an entry by virtue of being the host nation, which would likely impact Caribbean teams' participation. New Zealand, currently fourth in the latest ICC T20I rankings, would miss out to Oceania rivals Australia, who are ranked second. Pakistan, ranked eighth, and Sri Lanka, ranked seventh, would be edged out by top-ranked India in Asia. The report added that both Pakistan and New Zealand are unhappy with the ICC's decision. While the proposal has yet to be formally ratified by the board, it is considered unlikely to be reversed. Meanwhile, despite being hosts, the USA could also face disqualification from LA28 if they fail to obtain National Governing Body (NGB) recognition from the U.S. Olympic and Paralympic Committee (USOPC). This is a requirement to participate in the Games under the Olympic Charter. The USA had impressed in the 2024 T20 World Cup by reaching the Super Eight stage, notably defeating Pakistan in the group stage. Qualification for the women's tournament, however, will be determined through the T20 World Cup next year.
Business Wire
18 hours ago
- Business
- Business Wire
ISACA Welcomes 2025-2026 Board of Directors
BUSINESS WIRE)--ISACA, a global professional association championing the workforce advancing trust in technology worldwide, installed its 2025-2026 Board of Directors during the association's Annual General Meeting held today in Chicago, Illinois, USA, and virtually. This group of top global experts will be headed by returning board chair John De Santis and new board vice chair Jamie Norton. Returning chair John De Santis to lead board with incoming vice chair Jamie Norton. De Santis is a technology executive and past chairman and CEO of HyTrust, an IT infrastructure security software company that was acquired by Entrust in January 2021. A company-builder based in New Hampshire, USA, he has more than 40 years of international and US-based experience at venture-backed technology start-ups as well as at large global public companies in the telecom and IT fields. He currently serves on the fiduciary boards of Cequence Security and ValiMail, leading innovators in the cybersecurity space. Prior to HyTrust, he was vice president, Cloud Services for VMware, chairman & CEO of TriCipher, entrepreneur-in-residence at Trident Capital, and CEO at Sygate Technologies, where they developed the technical foundation of Symantec's Enterprise Endpoint Protection suite. In his earlier experience, he led European operations for various software, hardware and telecom networking companies, as well as co-founded and led to exit a start-up that built the first optical fiber networking capability for IBM mainframes. "Leadership is a responsibility I take very seriously. For me, it's about walking alongside others instead of leading from above, listening more than speaking, lifting others up and creating an environment where everyone feels heard, valued, and empowered. It's about relentless curiosity, constant learning, and doing the right thing," says DeSantis. "The board is committed to working hard for the good of the association, its members and stakeholders, ensuring transparency, unity, innovation and progress. I commit wholeheartedly to help fulfill our noble mission, instantiate our vision, and accomplish the goals we set together." Advancing to board vice chair is Jamie Norton, a highly respected cybersecurity, AI safety, risk, governance and assurance expert based in Australia who currently serves as chief information security officer for the Australian Securities and Investments Commission (ASIC). Prior to ASIC, Jamie was a partner with corporate advisory and restructuring firm McGrathNicol and chief information security officer (CISO/CSO) for the Australian Taxation Office. He also currently serves on the board or as an advisor to several leading organizations, including Australian startup Crisis Commanded, enabling clients to decisively take control during crisis response. He has contributed to many industry initiatives and programs, including ISACA's CISM certification, Australian Cyber Security Strategy and the ASD IRAP and Cloud programs. A long-time ISACA member, Norton is a speaker and media commentator and regularly works with boards, executives, and operational teams to enhance their capabilities, awareness, and performance. One new director has joined for the 2025-2026 term—Dr. Tim Sattler. A recognized information security and cybersecurity leader based in Germany with over two decades of experience shaping enterprise security strategies across diverse industries, Sattler currently serves as the Head of Corporate Information Security and CISO at Jungheinrich AG, a global intralogistics leader. Sattler spearheads the organization's information security and cybersecurity initiatives, has established company-wide ISMS programs and developed multiple security capabilities from the ground up. Before joining Jungheinrich, Sattler held senior security leadership roles at Kuehne + Nagel, Bauer Media Group, and Nordcapital Group. He has contributed extensively to ISACA as a past chapter leader and through multiple international committees, working groups, and task forces. In total, the following 13 leaders were installed on the 2025-2026 ISACA Board of Directors during ISACA's Annual General Meeting: John De Santis, chair, technology executive and past chairman and CEO, HyTrust, Inc., USA Jamie Norton, CISA, CISM, CGEIT, CISSP, CIPM, vice chair; chief information security officer for the Australian Securities and Investments Commission (ASIC) Tracey Dedrick, director and 2020-2021 board chair; board member and chair of the Risk Committee for First Bank Puerto Rico, USA Stephen Gilfus, NACD director, director; chairman, Gilfus Education Group, general partner at Oversight Ventures; founder, Blackboard Inc. Niel Harper, CISA, CRISC, CDPSE, CISSP, NACD. DC, director; technology and cybersecurity executive and the global chief security officer at JetBrains, Germany Gabriela Hernández-Cardoso, director; NACD director, social entrepreneur and past president and CEO of GE Mexico, Mexico Jason Lau, CGEIT, CRISC, CISA, CISM, CDPSE, CISSP, HCISPP, FIP, CIPP/E, CIPM, CIPT, CEH; director; global chief information security officer at Hong Kong and Singapore Massimo Migliuolo, director; executive chairman, Intuin, Malaysia and Switzerland Pamela Nigro, CISA, CRISC, CGEIT, CRMA, director and 2022-2023 board chair; vice president of security and security officer, Medecision, USA Maureen O'Connell, director; finance and education executive, audit chair for three public boards, USA Tim Sattler, PhD, CISA, CISM, CGEIT, CRISC, CDPSE, CISSP, CCSP, ISO 27000 LI/LA, director; head of corporate information security and CISO at Jungheinrich AG Germany Asaf Weisberg, CSX-P, CISM, CRISC, CISA, CDPSE, CGEIT, director; founder and CEO of introSight, Israel Erik Prusch, Director and ISACA CEO, USA 'It is a true pleasure to welcome this year's board directors, who have all contributed so much to both this organization and the industries we serve,' said Prusch. 'Each member brings valuable insight, experience and passion that strengthens our mission and vision and amplifies our impact for our members.' This year's Annual General Meeting coincides with the first ISACA Awareness Day in Illinois, where the organization is headquartered. Read the full proclamation here. Read board member biographies at About ISACA For more than 55 years, ISACA ® ( has empowered its community of 185,000+ members with the knowledge, credentials, training and network they need to thrive in fields like information security, governance, assurance, risk management, data privacy and emerging tech. With a presence in more than 190 countries and with nearly 230 chapters worldwide, ISACA offers resources tailored to every stage of members' careers. Through the ISACA Foundation, ISACA also expands IT and education career pathways.
New Indian Express
a day ago
- Business
- New Indian Express
Priya Sachdev's Instagram move escalates Rs 30,000 crore succession feud
CHENNAI: Priya Sachdev Kapur, the widow of the late Sunjay Kapur, updated her Instagram identity following her appointment as a non-executive director of Sona Comstar. She changed her handle from "Priya Sachdev Kapur" to "Priya Sunjay Kapur," signaling her alignment with her late husband's legacy. Her updated bio read: 'Mother. Entrepreneur. Investor. Non‑Executive Director, Sona Comstar. Director, Aureus Investment. Carrying forward the vision of @sunjaykapur.' Shortly after making these changes, Priya deleted her Instagram account entirely, sparking speculation and highlighting growing concerns over privacy and control within the ongoing succession dispute. There are also unconfirmed reports that Priya's daughter from her previous marriage, Safira, may have dropped the surname "Chatwal" in favor of "Kapur." Observers believe this move could be linked to inheritance positioning and legal identity in the context of the family feud. Sunjay Kapur, the industrialist and former chairman of Sona Comstar, died suddenly on June 12, 2025, during a polo match in Windsor, UK. Reports suggest he suffered an anaphylactic shock—possibly caused by swallowing a bee—which led to a cardiac arrest. He was 53. His unexpected passing triggered a fierce ₹30,000 crore estate battle between his wife, Priya, and his mother, Rani Kapur, over control of the Sona Group and Sona Comstar. Boardroom rift and legal battle At Sona Comstar's Annual General Meeting on July 25, Priya was formally appointed as a non-executive director, securing 99.44% shareholder approval. However, Rani Kapur strongly opposed the move, alleging she was coerced into signing documents shortly after her son's death. She claims to be the rightful majority shareholder, citing a will dated June 30, 2015. Rani has also raised concerns over the circumstances surrounding Sunjay's death, calling it 'suspicious and unexplained.' She sought to postpone the AGM, but her request was denied, as she has not been a shareholder since 2019. The company now finds itself in the midst of a power struggle marked by legal uncertainty, governance disputes, and intense public scrutiny. The controversy has also sparked wider conversations about inheritance rights, particularly concerning biological versus step or adopted children. What the name change means—and what's next Observers in both corporate circles and on social media believe Priya's online rebranding and her appointment to the board reflect a strategic effort to position herself as the custodian of Sunjay's legacy. Rani Kapur's opposition, meanwhile, could escalate into a protracted legal battle involving wills, board control, and shareholder rights. The deletion of Priya's Instagram account is widely seen as a move to retreat from public attention—possibly a calculated step to manage legal proceedings more discreetly.
