30 Nov
New York Related News

Governor Cuomo Hosts Regional Sustainable Development & Collaborative Governance Conference in Schenectady

HUD Secretary Julián Castro, Community Development Experts, Local Elected Officials and Business Leaders Share Economic Growth Strategies in the Capital Region Handbook for Local Governments and Nonprofits Serves as One-Stop-Shop Resource For State Grants And Programs – Available at: www.ny.gov/growth Governor Andrew M. Cuomo today announced the success of the state’s eighth regional sustainability conference, which brought together United States Secretary of Housing and Urban Development Julián Castro, community development experts, local elected officials and business leaders to share successful...

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29 Nov
Chapter News

Strengthening Europe’s financial system and protecting taxpayers

The Commission proposes new EU rules for the recovery and resolution of Central Counterparties (CCPs) which are critical in managing risks throughout the financial system. Emphasis is given to preparation and prevention, early intervention and resolution. The European Commission has today proposed new rules to ensure that systemic market infrastructures in the financial system, known as Central Counterparties (CCPs), can further increase stability in financial markets. A Central Counterparty acts as the intermediary to both sides of a transaction in a...

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29 Nov
Chapter News

Investment Plan for Europe: evaluations give evidence to support its reinforcement

Commission takes on board findings of three evaluations, in line with its proposal to reinforce and expand the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe. The Investment Plan for Europe has already proven useful in encouraging a sustainable increase in investment across Member States. Given the concrete results achieved since the Commission unveiled the Investment Plan two years ago, President Jean-Claude Juncker presented a proposal in his State of the Union address of...

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29 Nov
Member News

The Venture Capital Board Member’s Survival Guide: Handling Conflicts Effectively While Wearing Two Hats

The Venture Capital Board Member's Survival Guide: Handling Conflicts Effectively While Wearing Two Hats Wilson Sonsini Goodrich & Rosati partners Steve Bochner and Amy Simmerman have published an article in the Delaware Journal of Corporate Law on conflicts of interest under Delaware law in the private-company context. The article, which provides a practical guide on how to handle such conflicts, is an especially important read for venture funds and designees of funds serving on boards of directors. Click here to read...

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29 Nov
Member News

Barclays sells Asia wealth unit at cut price

Barclays completes sale of its wealth and investment management business in Singapore and Hong Kong to Bank of Singapore. Barclays plc completed the sale of its wealth and investment management business in Singapore and Hong Kong to Bank of Singapore Ltd Monday for almost a third less than expected as it continues to shed its non-core assets. The buyer, a wholly-owned private banking subsidiary of Oversea-Chinese Banking Corporation Ltd, paid $225 million for the unit that has assets under management of...

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29 Nov
Chapter News

The EACC Cincinnati is looking for the new Executive Director

The EACC Cincinnati is looking for the new Executive Director to replace Anne Cappel who will be refocusing her career towards Economic Development The EACC Cincinnati is currently recruiting for the next Executive Director. If you are interested  to lead a dynamic Cincinnati based organization with global reach into a new phase of growth - check out the Link below. Please find the link to the position here

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29 Nov
Member News

Nasdaq and NYSE Provide Clarity for Equity Plan Amendments Increasing Share Withholding

Both Nasdaq and the NYSE have issued guidance clarifying that no stockholder approval is required for equity plan amendments permitting increased share withholding. Earlier this year, the Financial Accounting Standards Board (FASB) issued new guidance (ASU 2016-09) regarding equity-based compensation. Among other things, this guidance will enable employers to increase share withholding on equity awards. Now Nasdaq and the NYSE have clarified that equity plan amendments implementing this increased share withholding will not require stockholder approval. Under current accounting standards, an...

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28 Nov
Member News

EU/US Transatlantic Data Flows: Legal Uncertainties. Practical Realities.

EU data protection law places formal requirements on flows of personal data about EU residents beyond the EU’s borders. The concern is laudable: to assure that the principles of data protection available in the EU, in effect, travel with the data.  The laws rely on a variety of defined legal mechanisms to extend that protection.  Recent concerns, particularly about surveillance practices of the US government, have resulted in continuing legal uncertainty about the validity of two primary mechanisms for...

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28 Nov
Member News

IPTI Report November 2016

Update on Property Tax Issues: IPTI  The EACC in partnership with the International Property Tax Institute (IPTI) wants to keep our members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of reports from articles contained in IPTI Xtracts. This report covers Denmark, Greece, Ukraine, the United Kingdom, and the United States with a focus on New York. New York City and State – NOT-FOR-PROFIT EXEMPTIONS: For over two...

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28 Nov
Member News

Global economic uncertainty opens a raft of opportunities for distressed investors

The concept of distressed investing in Europe is not new. We have operated in an environment of extreme financial volatility from a debt market perspective since the early 1980s. Yet the last six to eight years have proven more complex for investors. The sheer scale of the economic crisis, unprecedented quantitative easing, and a period of interest rate depression may not be witnessed again for generations. We now find ourselves in the midst of continuing global economic uncertainty, Eurozone and sovereign...

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