Do you have alignment among your leaders?

first_imgThe fact that director-level leaders and senior staff at credit unions had different perceptions of governance was evident throughout the research done for The State of CU Governance, 2018, a new report from CUES.“It surprised even us, and it should definitely concern you,” write the report authors, Michael G. Daigneault, CCD, and Jennie Boden, of CUES strategic partner Quantum Governance, Vienna, Va. “If we know one thing, it’s this: Gaps between the board and senior staff will eventually become destructive.”Notable among the different perceptions between board level and staff leaders was that while 53 percent of supervisory committee members and 44 percent of board members reported their boards were very effective at “building a culture of trust,” just 27 percent of senior staff and 25 percent of CEOs said this was true at their credit unions.Here are two key recommendations from the report for credit unions that want to close the gap:Make good governance a priority at your credit union. You can up your governance game by doing an assessment of individual directors or the whole board. You will also find help when you attend quality governance education programs, such as CUES Governance Leadership Institute™ (this year in as well as Toronto and the CUES director seminars.Work to address any gaps between board-level leaders and staff. CUES’ Center for Credit Union Board Excellence features a section about CEO/board relations, including a recent article—“Person to Person: Cultivating CEO-Director Relationships”—by CUES member Chris Shockley, president/CEO of $3.1 billion Virginia Credit Union, Richmond, Va. Of course, CUES Symposium: A CEO/Chairman Exchange—coming up later this month—is specifically designed to strengthen the bond between CUs’ two top leaders. If you haven’t been taking governance seriously at your credit union in 2017, make 2018 the year to turn things around. And if your governance is already on a good keel, ask yourself, what does the next level look like? I look forward to hearing about your efforts. 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pembroke Since joining CUES in March 2013, John Pembroke has played a leadership role in developing and launching a new direction in CUES’ strategy, branding and culture. Under his guidance, CUES … Web: www.cues.org Detailslast_img read more

AG Sues Nassau Jail Medical Provider, Citing Inmate Deaths

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Roy Nordstrom died after being refused hospitalization for chest pains. Bartholomew Ryan hanged himself despite mental health assessments. Kevin Brown died following inadequate treatment of seizures and hallucinations. And they’re not alone.The three men are among five who died since 2011 at Nassau County jail as a result of inadequate medical care, the New York State Commission on Correction alleged in documents obtained by the Press. The accusations sparked New York State Attorney General Eric Schneiderman to file a lawsuit against the jail’s medical provider, Florida-based Armor Correctional Health Medical Services, seeking fines, an independent monitor over healthcare at the jail, and barring the company from bidding on contracts in the state. This case was announced Tuesday—a week after the fifth death at the jail this year and the 12th since 2011, officials said.“Neglecting the duty to provide adequate care not only defrauds taxpayers, it compromises the health and safety of inmates, with sometimes fatal consequences,” Schneiderman said. “Failing to provide proper health services as required is completely unacceptable.”Nassau County approved an $11 million annual contract with Armor in 2011. The state has ordered the county legislature, county executive, county sheriff, and Armor to review the corrections commission’s findings and begin corrective measures.“Any allegation that Armor has failed to provide quality correctional medical care at the facility is simply false,” Armor said in a statement. “Armor has provided a substantial amount of data that simply is contradictory to any claim of deficient patient care. Armor is proud of its work caring for the inmates at the Nassau County facility, and will continue to do so as long as Nassau County wants it to do so. Armor also intends to vigorously defend against claims filed by the Attorney General.”Representatives for Nassau County Sheriff Michael Sposato and Nassau County Presiding Officer Norma Gonsalves (R-East Meadow) did not return requests for comment. Nassau County Executive Ed Mangano’s office issued a statement indicating that the county is hiring a jail healthcare monitor.“While awaiting findings of the Attorney General, the county formed a team of health and mental health professionals to review the delivery of healthcare,” County Attorney Carnell Foskey said. “The county also hired a Commissioner of Corrections and the Department of Health placed a registered nurse in the facility to serve as a health contract monitor. The county is seeking to retain a correctional healthcare monitor until a provider is selected from the RFP issued earlier this year.”The county had hired Armor amid Mangano’s push to privatize county services, including the bus system, sewers, and other work historically handled by government workers.RELATED STORY: Nassau County Jail: Suicides, Healthcare Changes, Budget Cuts Prompt Calls For Oversight Schneiderman’s lawsuit against Armor alleged that the company did not respond to inmates’ requests for care in a timely manner, failed to provide prescriptions to inmates as needed, failed to effectively diagnose inmates, failed to provide proper mental health services, failed to provide access to off-site medical specialists, understaffed clinical and managerial positions, and did not provide state-mandated reports to show it was addressing prior issues.In the case of Nordstrom, the 47-year-old Shirley man died on June 11, 2011 after a physician wasn’t contacted despite the fact that he clutched his chest while complaining of chest pain, was having difficulty breathing, and collapsed, according to a state corrections commission investigative report. Instead, Nordstrom was wheeled back to his cell, until the next morning, when he was finally hospitalized, but it was too late. He was serving a 75-day sentence for violating an order of protection.In Ryan’s case, the 32-year-old Iraq War veteran from East Meadow suffering from PTSD underwent two mental health evaluations, but wasn’t put on suicide watch on Feb. 24, 2014, two days after he was arrested for drugged driving, the state found. An officer who checked on him every 15 minutes found the ex-Marine hanging by a bedsheet from the cell bars, according to the report on his case.Brown, a 47-year-old Far Rockaway man with known histories of traumatic brain injury, seizures and mental health diagnoses, died Feb. 10, 2014 after being jailed for petty larceny, according to his report. Despite officers witnessing Brown hallucinating and increasingly agitated, his care was lacking before he was found dead in his cell, the state said.John Gleeson, 40, of Oceanside, died July 14, 2014 after the state said Armor’s staffers misdiagnosed a heart condition two months after he was arrested. The fifth case involved Antonio Marinaccio, 53, of Levittown, who reportedly died at the jail on May 2, 2015.Aside from lawsuits from the attorney general and the families of the dead inmates, calls for changes at the jail have also been increasing. Lawmakers in the Democratic minority on the county legislature called for intervention, as did inmate advocates. One inmate died March 7, the same day that advocates held a news conference outside the jail in East Meadow to bring attention to the issues. Critics applauded the news that the attorney general filed suit.“We are emboldened by Attorney General Schneiderman’s action and believe that our voices and protests are finally being heard,” said Dean Hart, president of Long Island Citizens for Good Government. “In our minds, there is no question that Armor Correctional Health Services has defrauded the taxpayers by taking public money and providing deficient services.”last_img read more

Wyandanch Teen Shot Dead

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A teenager was killed and another was wounded in a shooting in Wyandanch over Labor Day weekend, Suffolk County police said.Malik Stoddart, 18, of Wyandanch, and a 19-year-old man were shot while standing with a group of people on Irving Avenue near the corner of Doe Street at 11:25 p.m. on Sunday, police said.Stoddart was pronounced dead at the scene while the other teen was taken to a local hospital for treatment of non-life-threatening injuries.Homicide Squad detectives are continuing the investigation and ask anyone with information on this case to call them at 631-852-6392 or Crime Stoppers at 1-800-220-TIPS. All calls will be kept confidential.last_img read more

Australia pounces on oil glut to build strategic reserve

first_imgTaylor said Australia would spend Aus$94 million (US$59 million) to begin developing an oil stockpile established on US soil.”This is a unique opportunity to begin a fuel reserve because we are seeing historically low prices,” he said.”Now is the time to move. We are moving with the storage we can access, which right now is in the United States.”The two allies signed an agreement in early March allowing Australia to lease space in the US Strategic Petroleum Reserve, which could be accessed in emergencies. Topics : Taylor said Australia’s own oil storages were already full, but the government had begun discussions with local industry to boost capacity and eventually move the strategic reserve onshore.”In the event there is a global disruption that slows fuel supplies, moving around the world, we will get access to the fuel we need to keep our country going,” he said.The deal will also allow Australia to begin complying with International Energy Agency (IEA) obligations to hold 90 days of the previous year’s net imports in reserve.Taylor said the country currently has 20 to 30 days’ worth of consumer supply on Australian soil, but held the equivalent of about 50 to 80 days under the IEA requirements.center_img Australia said Wednesday it will take advantage of record low oil prices to develop a long-needed strategic oil reserve, which will be located in the United States.With global demand for oil slowing to a trickle owing to worldwide virus lockdowns, crude prices turning negative and storage facilities bursting at the seams, Energy Minister Angus Taylor said it was time to act. Australia has long had one of the lowest levels of emergency petroleum stockpiles in the developed world, leaving it hugely exposed in the event of tensions in hotspots such as the Strait of Hormuz. last_img read more

Indonesia at ‘near-certain recession’ as recovery depends on virus control, economists warn

first_imgThe government is campaigning heavily on the new normal protocols, including by wearing face masks, face shields and social distancing, among other measures, to rescue an economy reeling from the coronavirus pandemic. However, the rising case numbers in recent months have shown that the government’s plan has yet to be effective in reducing the spread of infections.“An economic recession is not doomsday and not something that we need to be scared of,” said Institute for Development of Economics and Finance (Indef) senior economist Enny Sri Hartati. The economy is at a “near-certain recession” based on several economic indicators in July such as retail sales and vehicle sales, among others, she added.“The question is how to reduce the economic shocks by boosting people’s purchasing power and boosting [the resilience of] micro, small and medium enterprises,” she told the same hearing.Enny urged the government to evaluate the current stimulus programs to reduce pressure on businesses’ cash flows and to give a boost to domestic demand. “If it is well-targeted, government spending will be crucial in stimulating the economy,” she added.The government expects the economy to shrink by 2 percent at worst or post flat growth at best in the third quarter, Finance Minister Sri Mulyani Indrawati said recently, expecting the economy to shrink by 1.1 percent at worst for the year 2020.The government will optimize state spending in the third quarter this year to help support the economy, said the Finance Ministry’s head of climate change and multilateral financing policy Adi Budiarso during the same hearing. “We will boost government spending that will support supply and demand in the economy,” he emphasized.Topics : Indonesia’s economy faces a “near-certain recession” in the third quarter this year, economists say, as a robust economic recovery will depend on whether the government can control the spread of the COVID-19 pandemic and stimulate people’s purchasing power.The government will need to focus on controlling the coronavirus outbreak amid a rising number of coronavirus cases, said University of Indonesia senior economist Faisal Basri, adding that a strong economic recovery would come naturally if the threat of the outbreak was dealt with.“We are afraid that the government’s policy response does not care about COVID-19 anymore by emphasizing heavily the economic recovery,” he told lawmakers in a hearing on Monday. “We should have controlled the virus spread first before the economy could grow. If the virus cases declined, the economy would automatically pick up.” Indonesia booked record high single-day numbers of COVID-19 positive cases in three consecutive days from Friday to Sunday. The country’s economy shrank by 5.32 percent in the second quarter this year, the worst since 1999, as all components of economic activity slowed.The economy may shrink by a further 3 percent in the third quarter, Faisal said, adding that the contraction was a result of “the government’s incompetence in handling the pandemic”.The government, he went on to say, should follow the steps of countries like Singapore, Malaysia and Thailand by prioritizing the pandemic response over the economy, adding that such measures could allow the economy to recover at a faster pace.“The government’s strategy in handling the pandemic is waiting for a vaccine, but before that happens, they do not have a strategy at all,” he told House of Representatives Commission VI overseeing trade, industry and state-owned enterprises.last_img read more

Pierre-Emerick Aubameyang sends message to Arsenal fans after disappointing Southampton draw

first_imgSouthampton dominated the Gunners on Saturday (Picture: Getty)Alexandre Lacazette equalised for Arsenal ten minutes later but the Saints found themselves behind again in the second-half when James Ward-Prowse scored on the rebound from a penalty.ADVERTISEMENTIn-form striker Lacazette rescued a point for the hosts with an extra-time goal but the draw will do little to appease a large section of Arsenal fans who want Emery sacked.AdvertisementAdvertisementReacting to the 2-2 draw, Aubameyang said: ‘I don’t know [if the criticism is fair at the moment], but the team is disappointed like the fans are as well.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘When we are playing, we are the first to be disappointed when it doesn’t work. We will try to keep fighting. I think we have the quality to come back and we have to fight.‘We knew that it wasn’t going to be easy because we know that when they play away, they feel comfortable on the ball and they are strong.‘We expected them to play like this. We are really disappointed.’ Unai Emery is under huge pressure at the Emirates (Picture: Getty)Asked to pinpoint the reason for Arsenal’s struggles, Aubameyang said: ‘I don’t know. Sincerely, I don’t know.‘I think everybody has to try to ask themselves that, and what they can change, what they can give more of.‘Everybody has to do this, me first. I will try to work hard and to get back to winning ways.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesPressed on when he expects Arsenal to improve, the forward added: ‘Hopefully as soon as possible.‘We have a game on Thursday and we will start from this game to try to turn things around.‘In this case, it’s really not easy for everybody but we are men and we have to carry on to try to sort it out. We are a group and we can find a solution internally. That’s what we are going to do.’MORE: Unai Emery responds after Arsenal fans chant for him to be sacked during Southampton draw Advertisement Pierre-Emerick Aubameyang has reacted to Arsenal’s draw with Southampton (Picture: Getty)Pierre-Emerick Aubameyang insists the Arsenal squad is as disappointed as the club’s fans after the draw at home to Southampton.Unai Emery’s Arsenal were booed off following an underwhelming 2-2 draw against relegation-battlers Southampton on Sunday.The Gunners have endured a shocking run and went behind at the Emirates after Danny Ings caught Arsenal cold from a free-kick and fired past Bernd Leno. Advertisementcenter_img Pierre-Emerick Aubameyang sends message to Arsenal fans after disappointing Southampton draw Metro Sport ReporterSaturday 23 Nov 2019 6:18 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.1kShares Commentlast_img read more

German Master KVG study predicts growth for real asset markets

first_imgAll of the 40-odd German institutional investors Telos surveys annually will be using a Master KVG structure – or centralised administrator – for at least some of their assets by 2017. In Telos’s 2014 Master KVG study, it cited the advantage of centralised and streamlined reporting, as well as the significantly increasing importance of risk reporting.Telos said more than 80% of respondents to its survey said they were already using such a service provider compared with 75% in the previous year.In 2012, roughly one-third of German institutions did not use a Master KVG. Of those respondents that have not yet hired a Master KVG, half are planning to do so this year, while the other half is aiming to do so in 2016.But potential for market growth will not end there, according to the survey, as investors are requiring more and more services from their Master KVG.For one, the number of direct investments included under the mandate in order to achieve a more holistic view of the portfolio is increasing.One-third of respondents to the survey expressed interest in including direct investments in a Master KVG mandate, while 92% of the surveyed providers are already offering it – compared with 57% the year previous.Another driver for growth is the inclusion of real estate investments, largely a niche offering for some providers.Investor interest in this service has grown from 14% in 2013 to 50% in the most recent survey.Telos said real estate holdings in insurers’ portfolios amounted to “several trillion euros”.Similarly, other real assets or alternative investments included more frequently in portfolios will have to be integrated into a Master KVG mandate.Telos noted that, to date, smaller investors have shied from certain asset classes if their Master KVG was unable to include them.Senior loans, for example, remain a problem, as it is unclear how they are to be labelled under the VAG, the law regulating the supervision of insurers and similar institutions.This, in turn, means the evaluation and reporting of these assets presents a particular challenge – but one that more and more service providers are taking on.However, all surveyed market participants agreed there was little room for new providers, as they would have to make major investments to set up the basic infrastructure existing market participants already have.Instead, existing providers will further widen their service offerings to include asset-liability studies, fiduciary management services or asset manager selection, Telos said.Less than 40% of investors – and 50% of providers – fear this expansion of services might lead to investors depending too much on the Master KVG.last_img read more

West Florida Wins Fifth Straight Match

first_img Sept. 29, 2007Box ScorePENSACOLA, Fla. – After allowing their first goal in nearly 400 minutes of the play West Florida women’s soccer team stormed back to win their fifth straight match 4-1 over Ouachita Baptist on Friday night at the UWF Soccer Complex.The Tiger struck first and took a 1-0 lead into halftime. However, it was the Argonauts sparked by Brandi Adams, who picked up three assist and her first goal of the season, that put up four second-half goals en route to the 4-1 victory.Adam’s first assist came nine minutes into the second half when her cross found Jodi Galucci who headed in the Argos first goal and her sixth of the season. Adams’ other two assists were on set play both to Dernelle Mascall. In the 66th minute, following a foul Adams placed the ball into the box for a waiting Mascall and in the 74th minute Adams once again found Mascall, for her eighth goal of the season, this time on a corner kick.Sandwiched in between her second and third assist Adams picked up her first goal of the season coming on a penalty kick in the 70th minute.Current Gulf South Conference Defender of the Week Courtney Jones picked up four saves in her sixth win of the season.”We showed alot of heart, dedication and commitment tonight,” said head coach Joe Bartlinski. “We were down 1-0 at the half to a good team and found a way to come back. This is a big win for us in the region.”Up next for the Argonauts is another conference rival Harding University of Sunday afternoon with kick off scheduled for 3:30 p.m. following the men’s game also against the Bisons. Print Friendly Version Share West Florida Wins Fifth Straight Matchlast_img read more

Westwood to fight Mannone for place

first_img Press Association Sunderland keeper Keiren Westwood is desperate to step into the gap left by £9million man Simon Mignolet. He added: “I didn’t have that last year, but I still carried on going. At times, it was mentally demoralising. “I want to play. Everybody knows I want to play. It’s not in my nature to sit on the bench. I would rather go and play for a Championship team on less money and play every week, just so I get that buzz on a Saturday. “Sitting on the bench in the Premier League and picking up money is not my desire or attitude. It’s a trap I don’t want to fall into. “You can quite easily do that. You can see over the years that players have done that, not just goalkeepers.” center_img The 28-year-old admitted last month that might have to consider leaving the Black Cats in search of the regular football he needs to regain his place as the Republic of Ireland’s number one. However, Mignolet’s departure for Liverpool means there is now a vacancy, and the former Coventry man and new signing Vito Mannone will fight it out for the right to take over from the Belgian. He told the Sunderland Echo: “It would have been a wrench to leave, but on the other side of it, I have to think of my career. I have to play games and have something to look forward to during the week, putting all that work in on the training field to send fans home happy on a Saturday.” last_img read more

Betfred donates £1.25m Cheltenham profits to charity

first_img Submit StumbleUpon Share Betfred extends World Snooker Championship deal until 2022 August 17, 2020 Betfred counters Oppenheimer bid in race to rescue Phumelela August 26, 2020 Share Betfred boosts US racing coverage with XB Net deal renewal August 10, 2020 Related Articles Betfred’s appeal to help fund the Royal Manchester Hospital £4 million appeal for vital equipment has reached its halfway point, with Fred Done donating all profits made from all over-the-counter bets during the Cheltenham Festival to the iMRI appeal.On the first day of the festival, which is said to traditionally be one of the busiest days in the racing calendar, Done donated £1.25m to the appeal. The profits were also helped by the match between Manchester City and Schalke in the Champions League that evening.The Bookies reaped the rewards on Tuesday at Cheltenham, with hardly any favourites winning at the Festival. It was good news for the appeal after Done visited the Royal Manchester Children’s Hospital to deliver the much-bigger-than-expected donation. The appeal, which will fund state-of-the-art intraoperative Magnetic Resonance Imaging (iMRI) equipment, will be used to help children from across the North West region being treated for debilitating and life-threatening conditions such as brain tumours, traumatic brain injuries and problems with the central nervous system and epilepsy.The appeal has hit home for Done, who lost his wife following a cancer diagnosis. His donation will provide a major, much-needed boost to purchase the iMRI scanner. The scanner will be based at Royal Manchester Hospital, and will transform brain surgery for some of the 270,000 children treated there. Betfred boss Fred Done said: “It is truly humbling that I have been able to help with this appeal for much-needed equipment.  I think Mo had a word with God telling him to give some help to the children. There could not have been a better result for the scanner appeal than the Cheltenham Festival on Tuesday.“From my own sad experience, I know how important it is to have world-class equipment available to help save the lives of your loved ones. The new scanner will save the lives of seriously ill children brought to Manchester from all over the country and that is a fitting tribute to Mo’s memory.  I feel privileged that I have been able to help.” Kathy Cowell OBE DL, Chairman of Manchester Foundation Trust, said: “We’re incredibly grateful to Fred Done for his commitment to our cause.  This staggering donation will make a huge difference to this life saving and life changing Appeal taking us to the half way stage of the money we so desperately need. We cannot thank Fred enough for his support.”For Day One of the Cheltenham Festival Fred pledged all over the counter profit from our 1630 shops to the Children’s Brain Scanner Appeal.Today we unveiled the cheque.#CheltenhamFestival pic.twitter.com/WIxQ9mZmXX— Betfred (@Betfred) March 15, 2019last_img read more