Dorchester stores up its charm

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Klaipedos Nafta makes new audit committee appointments

first_imgImage courtesy of Klaipedos NaftaKlaipedos Nafta, the operator of Lithuania’s only LNG import terminal, said it has appointed Laura Garbenčiūtė-Bakienė and Andrius Varanavičius as independent members of the audit committee. Klaipedos Nafta audit committee operates as an advisory body of the supervisory council of the company in the fields of internal control and operational risks management, with the aim of enhancing the efficiency of the operation, the company’s statement reads.Laura Garbenčiūtė-Bakienė is a member of the supervisory council of the company Investicijų ir verslo garantijos, as well as the chair of the audit and risk committee of the state enterprise Ignalinos atominė elektrinė.Her professional experience covers strategic planning, assessment of corporate operational efficiency in the fields of risk management and internal control, work with internal and external auditors and recommendations to the management, Klaipedos Nafta said.Varanavičius has been working in the international group GlaxoSmithKline since 2001, and over the last five years, he has been the financial director of the German GlaxoSmithKline Gmbh & Co.His professional experience covers activities in the fields of internal control, accounting, budget management, audit and risk management, as well as his competence in relation to companies’ compliance with requirements of the Sarbanes-Oxley Act (SOX) and financial management in line with the International Financial Reporting Standards (IFRS).last_img read more

CAS to announce Man City Champions League ban decision on July 13

first_img Loading… Court of Arbitration for Sport (CAS) has confirmed it will announce a decision on Manchester City and their appeal against a Champions League ban on July 13. The Switzerland-based body will confirm the verdict at 10:30 local time on Monday, it said in a statement on Friday. City’s hearing at CAS began on June 8 and concluded two days later, with proceedings having been conducted by video call. The Premier League club are seeking to overturn UEFA’s decision to ban them from European competition for the next two seasons and fine them €30million (£27.2m) after finding them guilty of “serious breaches” of Financial Fair Play (FFP) regulations. City have persistently denied wrongdoing in relation to the matter, which stemmed from a series of articles published by Der Spiegel in November 2018, drawing on information purportedly obtained by the whistleblower Football Leaks. “The club has always anticipated the ultimate need to seek out an independent body and process to impartially consider the comprehensive body of irrefutable evidence in support of its position,” read a statement at the time from City, who UEFA said had “failed to cooperate” with the investigation. Speaking on Friday, City manager Pep Guardiola said he had faith in the club’s chances of success in their appeal. “I’m so confident because I saw the arguments of the club that next season we will be there [in Champions League],” he said. In an interview with HLN, star midfielder Kevin De Bruyne suggested he might be happy to stay at City in the event of a reduction to a one-year ban, although a two-year Champions League absence would force him to consider his options. “I’m just waiting,” he said. “The club told us they are going to appeal, and they are almost 100 percent sure they are right. That’s why I’m waiting to see what will happen. I trust my team. read also:UCL draw: It’s nightmare for Man City with Juve and Bayern Munich or Barcelona blocking their path“Once the decision is made, I will review everything. Two years would be long, but in the case of one year I might see.” Manchester City currently sit second in the Premier League, with Liverpool having already clinched the league title. City, who maintain a nine-point lead over third-place Chelsea, will face Brighton on Saturday. FacebookTwitterWhatsAppEmail分享 last_img read more