Cairo - Although he rejects the idea that good corporate governance would have decreased the effect of the global financial crisis, Martin Steindl, of the International Finance Corporation (IFC), believes that better corporate governance would have saved some companies from being part of the crisis.
"Such a crisis affects everyone, but when it comes to getting up again, better corporate governance will play a role," says Steindl, who is Programme Manager in Corporate Governance Advisory Services for the Middle East and North Africa (MENA) region, at the IFC. The IFC is part of the World Bank group.
United Nations, Nov 12 : Pakistan has reportedly told the United Nations that it had suffered “the most” from the direct consequences of decades of conflict and instability in Afghanistan.
He said a large number of Afghan refugees, including Al Qaeda and the Taliban, were staying in Pakistan after illegally crossing from across the Afghan border.
Chicago, Nov. 12 : Incoming U. S. First Lady Michelle Obama has reportedly called up former First Lady Hillary Clinton for pointers on protecting her two young daughters from the media maelstrom at the White House.
“Michelle may not have loved the senator, but she always respected how the Clintons raised Chelsea,” Politico quoted a person familiar with Clinton’s end of the call, as saying.
Islamabad, Nov 12 : Pakistan Prime Minister Yousuf Raza Gilani has said that his Government will not allow the US to launch ground or air strikes on targets inside its territory, and will take up the issue with the new US administration. The PM said this while speaking in the National Assembly last evening.
Washington, Nov 12 : A team of Australian ecologists has discovered that crabs ‘bluff’ about there fighting ability.
They found that some male fiddler crabs ‘lie’ about their fighting ability by growing claws that look strong and powerful but are in fact weak and puny.
The findings are helping scientists discover more about dishonesty in the animal kingdom.
Washington, November 12 : George Clooney, who recently shot an advert with Guy Ritchie, has revealed that he would love to work again with the Brit director.
The Hollywood heartthrob, who was filmed for a Nestle coffee advert in Italy along with actress Jennifer Rose, said he had such a blast shooting with the “RocknRolla” filmmaker that he can’t wait to team up with him for another time.