first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___All referees in Italy’s top soccer league have tested negative for the coronavirus. ___The Swiss soccer league will restart several days earlier than planned to help Europa League contender Basel cope with a backlog of matches in August.The restart amid the coronavirus pandemic was set for June 19-21 in the top two divisions.The Swiss soccer federation now says Basel’s Swiss Cup quarterfinal match against Lausanne Sport will be played without fans on June 14 instead of the Aug. 5-6 dates for the other quarterfinal matches.Basel is scheduled to resume play in the Europa League in early August. It holds a 3-0 lead over Eintracht Frankfurt from the first leg of the round of 16. The Serie A referees and some from the second division were tested at the Italian federation’s training headquarters on the outskirts of Florence.They will remain there until June 10 to have further tests and continue training and preparing for the resumption of Serie A on June 20.___Premier League clubs have agreed to allow five substitutions in soccer matches.They will adopt the temporary law change when the league resumes on June 17 amid the coronavirus pandemic. Francis says “the true values of sport are particularly important to face this period of pandemic and especially the difficult restart.”The auctions will take place on the site starting Monday for two months. There will be a new one every week and each auction will last 10 days.All funds raised will go to the Papa Giovanni XXIII hospital in Bergamo and Fondazione Poliambulanza in Brescia.___German soccer club Schalke has apologized to fans for asking them to justify their refunds for games played in empty stadiums because of the coronavirus pandemic. The Latest: All Italian league refs test negative for virus All three championships were supposed to be tune-ups for the Tokyo Olympics but that event has been postponed to 2021.___Pope Francis is promoting a charity auction of sports items and experiences in support of two of the hospitals hardest hit by the coronavirus pandemic in Italy.The “We Run Together” auction includes a personalized bicycle given to Francis by world champion Peter Sagan, a team jersey and captain’s armband signed by former Roma forward Francesco Totti and a swim suit and hat from Olympic champion Federica Pellegrini.There are also experiences such as training sessions and dinners with various athletes. Associated Press The European gymnastics championships have been moved to December after being postponed because of the coronavirus pandemic.The men’s event will run from Dec. 9-13 and the women’s championships from Dec. 17-20 in Baku, Azerbaijan.Baku was originally supposed to host only the men’s championships but France couldn’t reschedule the women’s event after missing its planned dates in Paris in April and May.European Gymnastics president Farid Gayibov says the body will review the coronavirus situation and react accordingly “should the situation at a later date not be considered safe enough any more.”The European championships for rhythmic gymnastics will stay in Kyiv, Ukraine, but are now set for Nov. 26-29. That is six months later than originally planned. June 4, 2020 Basel also faces a potential clash with this season’s Europa League possibly overlapping with next season’s preliminary rounds.Basel is currently in third place in the Swiss league and the third-place team should enter the Europa League qualifying rounds in late July or early August.___More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Federation president Gabriele Gravina says “it’s an initiative which doesn’t have precedents and represents a great assumption of responsibility which the (federation) is taking in favor of the whole soccer system.”The fund consists of 21,700,000 euros ($24,500,000). It will give up to 5 million euros ($5.6 million) to each of the two divisions below Serie A as well as the same amount to support clubs from the amateur soccer league.It will also give up to 3 million euros ($3.4 million) to soccer players and the same amount to coaches and their staff.The fund will also provide 700,000 euros ($800,000) to help women’s soccer clubs that are set to complete the season.___ There can still only be three pauses to bring on substitutes.Premier League clubs have also agreed to temporarily increase the number of substitute players from seven to nine.___The Italian soccer federation is launching a fund of nearly $25 million to help clubs and their members following the crisis caused by the coronavirus pandemic.The Save Soccer Foundation will need definitive approval at a federation meeting on Monday. Schalke had asked for evidence of financial hardship if fans wanted tickets refunded this year rather than waiting until 2022.Schalke says it used “impersonal formulations lacking empathy” and fans will no longer be asked to submit documentary evidence of their personal finances. But the club says the approach was legal under German law.The Bundesliga was suspended in March because of the coronavirus outbreak and spectators have not been allowed to attend any of the games since the league restarted on May 16.Schalke has been hit hard financially by the pandemic. Executive board member Alexander Jobst said in March the club faced an existential threat.The team has also struggled on the field and hasn’t won a league game since January.last_img

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first_imgThe Pensions and Lifetime Savings Association (PLSA) has updated its corporate governance and voting guidelines to emphasise the importance of corporate reporting on strategic risk and non-executive directors’ time commitments.The new edition of the guidelines, released on Saturday, reflects recent work carried out by the association and its intention to “advance market best practices”, said Luke Hildyard, policy lead on stewardship and corporate governance.The 2015-16 version does not introduce any new principles but differs from last year’s guidelines in the emphasis that has been placed on certain principles and the detail added, he told IPE.He said there were additions in three main areas, addressing company and shareholder responsibilities. One of the areas concerns corporate reporting, the focus of work carried out by the association earlier this year.Following on from this, the PLSA revised the guidelines to emphasise that corporate reporting “should enable an investor to understand how the company is maximising the long-term value of the human capital it has at its disposal”.The guidelines refer specifically to the “composition of the workforce” and “the sustainability of the employment model” as aspects that merit particular attention to allow shareholders to develop a more “holistic view” of the risks and opportunities facing a given company.Companies are also called on to develop and refine their understanding and reporting of strategic risks continually.The guidelines were amended to stress the importance of ensuring non-executive directors have sufficient time and energy to be able to discharge their role properly.This is not a new concern for the association and its members, but the new edition of the guidelines includes a note calling on shareholders to be “mindful of concurrent directorships” and to take into account the nature of the director’s commitments.It also gives specific examples of what could constitute a director’s being what Hildyard referred to as “overcommitted”, in which case a vote against the (re-)election of a director could be warranted.The PLSA’s views on best practice surrounding the issuance of shares without pre-emption rights have also evolved, with the 2015-16 corporate governance and voting guidelines incorporating a new call for companies to give shareholders as much advance notice as possible if they intend to dis-apply pre-emption rights.“Companies should clearly signal their intention to undertake a non-pre-emptive issue at the earliest opportunity and establish a meaningful dialogue with their shareholders,” the guidelines state.“They should also keep shareholders informed of issues related to an application to disapply their pre-emption rights. Shareholders, in turn, should review the case made by a company on its merits and decide on each case individually using their usual investment criteria.”,WebsitesWe are not responsible for the content of external sitesLink to 2015-16 PLSA Corporate Governance and Voting Guidelineslast_img

first_imgTrump DOJ settles lawsuits over Tea Party targeting by Obama IRSFox News 25 October 2017Family First Comment: At the same time as the Charities Commission were targeting Family First for its ‘ideology’, the same was happening in the US. The difference is that the targeting in the US has finally been acknowledged and is being rectified! Thanks to Trump. No thanks to Obama.“Attorney General Jeff Sessions announced early Thursday that the Justice Department had entered into settlements with Tea Party groups whose tax-exempt status was significantly delayed by the IRS dating back to 2013, “based solely on their viewpoint or ideology.””The Trump administration, after years of litigation, has settled lawsuits with Tea Party and other conservative groups who say they were unfairly targeted by the IRS under the Obama administration.Attorney General Jeff Sessions announced early Thursday that the Justice Department had entered into settlements with Tea Party groups whose tax-exempt status was significantly delayed by the IRS dating back to 2013, “based solely on their viewpoint or ideology.”The settlements involve payments to the plaintiffs and an apology from the IRS.The targeting scandal drew heavy attention in 2013 when the IRS admitted it applied extra scrutiny to conservative groups applying for nonprofit status. Lois Lerner, then head of the Exempt Organizations unit responsible, became the public face of the scandal, though other IRS officials were involved as well.Sessions said that groups with names involving “Tea Party” or “Patriots,” or those with specific policy positions concerning government spending, were subject to “inappropriate criteria” to “screen” applications.“The IRS’s use of these criteria as a basis for heightened scrutiny was wrong and should never have occurred,” Sessions said in a statement Thursday. “It is improper for the IRS to single out groups for different treatment based on their names or ideological positions.”READ MORE:

first_imgCemetery workers in protective clothing maneuver the coffin of 57-year-old Paulo Jose da Silva, who died from the new coronavirus, in Rio de Janeiro, Brazil, Friday, June 5, 2020. AFP RIO DE JANEIRO – Brazil’s government has stopped publishing a running total of coronavirus deaths and infections in an extraordinary move that critics call an attempt to hide the true toll of the disease in Latin America’s largest nation. Saturday’s move came after months of criticism from experts that Brazil’s statistics are woefully deficient, and in some cases manipulated, so it may never be possible to understand the depth of the pandemic in the country.center_img Brazil’s last official numbers showed it had recorded over 34,000 deaths related to the coronavirus, the third-highest number in the world, just ahead of Italy. It reported nearly 615,000 infections, putting it second, behind the United States. Brazil, with about 210 million people, is the globe’s seventh most populous nation. (AP)last_img

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