Latest news with #Trustees
The Sun
2 days ago
- Business
- The Sun
MRC extends Mohamad Suparadi's service for another two years
KUALA LUMPUR: The Malaysian Rubber Council (MRC) has extended the term of office of its Board of Trustees chairman Datuk Seri Mohamad Suparadi Md Noor for another two years, effective June 1, 2025 until May 31, 2027. MRC said in a statement today that the extension reflects the continued confidence of Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani in Mohamad Suparadi's leadership in driving the progress of the country's rubber products industry. First appointed in 2023, Mohamad Suparadi brings extensive expertise in strategic, business and financial management, making him a credible leader in strengthening the direction of MRC and the competitiveness of the Malaysian rubber industry globally. Commenting on the extension of his term of service, Mohamad Suparadi said he is honoured to accept the responsibility once again, stressing that MRC is now at an important phase in its transformation journey. 'The extension is also a trust to ensure that the direction of MRC's transformation continues to be strengthened and in line with the needs of the industry and the demands of the international market,' he said. The extension coincides with the MRC's 25th anniversary celebration since its establishment in 2000. The MRC's 25th anniversary this year is themed 'Driving Sustainable Industry'. The MRC continues to strengthen its role as a proactive, resilient and progressive agency in the face of the changing landscape of the global rubber industry including geopolitical tensions and supply chain disruptions.
CTV News
7 days ago
- Business
- CTV News
Ottawa's public school board looking at selling vacant buildings, cutting programs to save money
Ottawa's public school board is exploring several options to find up to $20 million in savings, including selling vacant buildings and cutting some adult high school and special education programs. Trustees with the Ottawa-Carleton District School Board (OCDSB) have been told that 'tough decisions' will have to be made in order for Ottawa's largest school board to avoid a deficit budget for a fifth straight year. The Ministry of Education has ordered an investigation into the OCDSB's finances, with a report expected by the end of the month. Staff will present the draft budget in June for the 2025-26 school year, which will include recommendations to save money. Associate Director of Education Randall Gerrior issued a warning to trustees that there are few options available to find savings, and trustees won't have $30 million in possible options to find $20 million in savings to balance the budget. 'There's no ability when you're under the current financial pressures that you're under to have a buffet of options,' Gerrior said Wednesday evening. 'We are struggling to find things that we would recommend to the board to reduce that has the least amount of impact on classrooms, marginalized groups and still operate this organization in a credible, functional way.' Gerrior told trustees that staff have done a review of discretionary spending, including money spent on guest speakers, conferences and all vacancies are reviewed. Gerrior says staff are also looking at whether programs could be suspended, cancelled or remodelled at the Adult High School, special education programs and other programs that are not mandated. The board is also looking at long-term plans like divestment of properties, including McGregor Easson Public School, and better business practices to align with decision-making and operations to boost the board's surplus. Gerrior said the budget recommendations will include reductions in senior staff, but it won't be enough to balance the budget. 'We will be within ministry benchmarks on senior staff. A senior staff member is not going to address the structural problems that we have within our organization,' Gerrior said Wednesday night. 'You can't solve a $20 million problem with a $200,000 reduction.' Gerrior told an OCDSB board meeting Tuesday night that cuts to administration are impacting services. 'I hear a lot out of the trustees, 'we'll cut more out of admin, we'll cut more out of other places.' We've been doing that,' Gerrior said. 'We almost didn't make payroll at one point because of cuts that we've made to admin staff over the years.' On Wednesday, the OCDSB released a report showing more than $75 million in budget pressures that are not covered by funding from the Ministry of Education. The 17,000 vacant student spaces in OCDSB schools is costing the board $20 million a year, while the board is facing an estimated budget pressure of $16.8 million to cover costs for replacing sick and absent staff. Inflation is expected to add a $12 million pressure to the 2025-26 budget, with Gerrior saying the funding 'must be found from other areas.' Staff at the OCDSB are reviewing recent Ontario government funding announcements The Ministry of Education announced last week the OCDSB will receive $1.079 billion in funding for the new school year, up from $1.047 billion for the 2024-25 school year. The $31 million in extra funding includes an additional $18.9 million for classroom staffing, $3.1 million for special education funding and $2.8 million for student transportation. The OCDSB is looking at reducing spending by $9.3 million in central and administration supports, $4.85 million in academic staffing and $4.8 million in special education. School boards are required to pass a balanced budget by June 30.
Los Angeles Times
7 days ago
- Business
- Los Angeles Times
The Paley Center for Media Announces New Members to Board of Trustees and Los Angeles Board of Governors
The Paley Center for Media has announced the addition of prominent leaders in the fields of media, sports, technology, business and entertainment to its Board of Trustees and Los Angeles Board of Governors. Joining the Paley Board of Trustees are David W. Checketts, managing partner, Checketts Partners Investment Management; Eli Manning, two-time Super Bowl champion and MVP; founder, Ten Till Productions; Alexis Ohanian, founder of Seven Seven Six & Reddit, founding control owner, Angel City FC, Los Angeles Golf Club, and ATHLOS; Ted Sarandos, co-CEO, Netflix; and Gary Vaynerchuk, chief executive officer, VaynerMedia. Joining the Paley Los Angeles Board of Governors are Jim Burtson, president, CAA, and Adam Mosseri, head of Instagram, Meta. 'We are proud to welcome these exceptional and distinguished leaders to the Paley Center's Board of Trustees and Los Angeles Board of Governors,' said Maureen J. Reidy, president & CEO, The Paley Center for Media. 'Their visionary leadership across media, sports, technology, business and entertainment embodies the highest standards of excellence, and their collective expertise will be instrumental in advancing our mission and reinforcing Paley's role as the leading nonprofit in the media industry.' The Paley Center's Board of Trustees is chaired by Frank A. Bennack, Jr., executive vice chairman and former CEO, Hearst, and is composed of leaders from the worlds of media, sports, gaming, entertainment and more. The Board offers guidance in support of the organization's mission to lead the conversation around today's rapidly evolving media landscape and provides critical input on strategy and operations, including public programs and exhibits, educational classes, workshops and industry events hosted by the Paley Media Council. The Los Angeles Board of Governors advises the Paley Center on its strategic goals and Los Angeles programming calendar. Additionally, the Board of Governors commits their time to help the Paley Center forge new partnerships and expand its constituency to ensure the Paley Center stays at the forefront of media and technology on the West Coast and remains the preeminent media organization for the industry and the public. Information was sourced from PR Newswire. To learn more, contact press@
Wall Street Journal
25-05-2025
- Politics
- Wall Street Journal
Harvard Digs In for Battle, but Trump's Blows Are Landing
As President Trump escalated his attacks against Harvard University, its board resolved to fight. Trustees discussed whether to sue or pursue deal talks after Trump first targeted the university in March. But as the president lobbed bomb after bomb at the school—pulling billions in federal funds, threatening its tax-exempt status, and now trying to block it from enrolling international students—the group stood firm.
CTV News
23-05-2025
- Business
- CTV News
Ottawa's public school board receives 3% boost in core funding for next school year
The OCDSB says it remains hopeful a deal can still be reached before Wednesday. The Ottawa-Carleton District School Board (OCDSB) is crunching the numbers after the Ontario government announced funding allotments for school boards for the next school year. Trustees with Ottawa's largest school board have been told they will need to find up to $20 million in savings to balance the 2025-26 budget. In March, the board approved a plan to cut more than 150 teaching and administrative positions, which could save more than $15 million. On Friday, the Ontario government said the OCDSB will receive $1.079 billion in funding for the new school year, up from $1.047 billion for the 2024-25 school year. The $31 million in extra funding includes an additional $18.9 million for classroom staffing, $3.1 million for special education funding and $2.8 million for student transportation. According to the Ministry of Education, enrolment at OCDSB schools is expected to increase 0.1 per cent next school year. CTV News Ottawa reached out to the OCDSB to comment on whether the three per cent in additional funding will help the board cover the projected shortfall. A spokesperson said the board's finance team had not had time to review the funding document. Staff will present the 'financial sustainability plan and fiscal year 2025/26 budget landscape' to OCDSB trustees on Wednesday night. The budget debate will come as the Ontario government conducts a financial investigation into the OCDSB after the board posted four straight deficit budgets. A report is expected to be presented to Education Minister Paul Calandra by the end of May. The Ottawa Catholic School Board will see a six per cent increase in funding next year, as it's expected to see a 4.3 per cent increase in enrolment. According to the Ministry of Education, the Catholic school board will receive $737.9 million in funding for the 2025-26 school year, up from $695 million this school year. The Core Education Funding allocation includes $23 million in additional funding for classroom staffing, $5.3 million in additional funding for special education and $2.75 million in new funding for student transportation. The Renfrew County Catholic District School Board will see a five per cent increase in funding to $87.9 million next year, while the Renfrew County District School Board will see a three per cent hike in funding to $153.8 million. The Upper Canada District School Board will receive $433 million in core funding, up 2.8 per cent from the 2024-25 school year. School boards are required to pass a balanced budget.
