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Prague Gaming & TECH Summit 2025 (25-26 March)

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Digitising Corporate Governance – Tricor hosts 18th Annual Corporate Governance Seminar

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Tricor’s 18th annual corporate governance seminar is held today at the Hong Kong Convention and Exhibition Centre. Supported by the Hong Kong Investor Relations Association and The Chamber of Hong Kong Listed Companies, the half-day event gathered leading industry elites who share on a spectrum of corporate governance related topics, and attracted over 2,000 registrations despite the Covid-19 challenges. With social distancing measures in place, this is the first year it takes a hybrid approach. By deploying Tricor’s own e-meeting solution SPOT, the event welcomes both in-person and virtual participants.

“Digitising Corporate Governance”, the theme of the seminar, summarises the two most important focuses of corporates this year – digitisation and governance.

“This year marks the 20th anniversary of Tricor and we have hosted our annual corporate governance seminar for 18 years straight since 2003. Tricor has always been taking an active role in promoting a culture of good corporate governance as we strongly believe that it plays an important role in sustaining the business especially during times of uncertainty,” says Joe Wan, CEO of Tricor Hong Kong.

“While the trend of digital transformation is irreversible, by leveraging and incorporating advanced tools into our daily workflow, corporate governance can be taken to a new level with improved efficiency, engagement and transparency. Digital tools can definitely help companies reap the benefits of intelligent systems through accelerated business performance and optimised intra-company.”

The seminar is kicked off with a keynote speech on “Digital Transformation in Hong Kong“, delivered by Dr. David Chung, Under Secretary for Innovation and Technology, Hong Kong’s Innovation and Technology Bureau; followed by another keynote session hosted by Prof. K.C. Chan, Non-Executive Director of Tricor Group, on “Digital Transformation in FinTech”.

Other speakers from both public and private sectors also share the latest market trends and development, their experiences and perspectives on what and how technologies are adopted in corporate governance in particular in the financial field.

Digital Corporate Governance Solutions

Governance at a corporate level refers to the way in which companies are governed and to what purpose. Technology is now increasingly adopted by corporate governance professionals to achieve best practices.

Our Experiential Lounge at the venue showcases some of our digital corporate governance tools launched earlier this year. Attendees have a chance to experience first-hand how our board portal “Boardfolio” makes board meetings easy; how “SPOT”, an e-meeting solution, takes online votes and questions; and how digital administrative tool “e-Rental” streamlines HR operations by automating employees’ rental reimbursement applications and claim processes. As the event’s key visual suggests, these tools connect people with technologies and most importantly, human-technology collaboration can enhance human capabilities under the new normal.

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20 Years of Excellence

With 20 years of solid experience, Tricor is the undisputed market leader in integrated business expansion solutions, with global knowledge and local expertise in business management, corporate administration and secretarial services, trust and fiduciary services, as well as human resources consultation. Our strong track record has made us the benchmark for professional services in Hong Kong.

“As the commercial world has reached an inflection point of new technology adoption, we will continue to innovate solutions that help companies navigate the journey from start-up to IPO and beyond. These digital corporate governance solutions are vivid examples of how innovation and technology-driven processes can streamline business operations and hence improve efficiency, accuracy and security,” says Wan.

The event is concluded with a look at the next imperatives of company secretaries in the era of pandemic and digital transformation. The Covid-19 pandemic may have posed changes to the world permanently and it is fast-tracking digital transformation in companies. Those who are able to fully capitalise on technology in their business models will stay ahead of their competition. Tricor, as the leading business expansion specialist in Asia, will continue to leverage on our deep industry experience and expertise and assist our clients in succeeding in the new normal.

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TECHTRONIC INDUSTRIES JOINS THE UN GLOBAL COMPACT

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DEMONSTRATES TTI’S COMMITMENT TO SUSTAINABLE PRODUCTS AND PRACTICES

FORT LAUDERDALE, Fla., Dec. 23, 2024 /PRNewswire/ — Global cordless power tool, outdoor power equipment and floorcare company Techtronic Industries Co. Ltd. (“TTI” or the “Company”) (stock code: HK:0669, ADR symbol: TTNDY) today announced that it has joined the United Nations Global Compact, reaffirming its dedication to sustainability and social responsibility. With over 25,000 signatories in over 160 countries, the UN Global Compact is the world’s largest voluntary corporate sustainability reporting initiative. By joining, TTI is committing to communicating its progress to stakeholders annually through our ESG Report and UN Global Compact’s website. 

TTI’s CEO Steve Richman remarked: “As the industry pioneer in lithium-ion battery-powered, energy efficient power tools and outdoor power equipment, TTI’s commitment to sustainable products and business practices has long been a fundamental part of the way we do business. We began publishing ESG reports in 2015 and we aligned our goals and targets with the UN Sustainable Development Goals in 2018. Every year we make progress in areas including safety solutions, noise reduction, supply chain traceability, decarbonization, and governance. While we have demonstrated our commitment, by joining the UN Global Compact, we have officially aligned our sustainability strategy with the Ten Principles in the areas of human rights, labor, environment, and anti-corruption.”

As part of TTI’s ongoing sustainability efforts, our objective is to implement initiatives that deepen our support of the UN’s Sustainable Development Goals (SDGs) while fostering an inclusive and equitable workplace culture. We are dedicated to advancing our sustainability journey, setting measurable goals, and continuously monitoring our progress.

Learn more about TTI’s efforts by reading our latest ESG publications here. Our 2024 ESG report will be published in March 2025.

About TTI

Techtronic Industries Company Limited (“TTI” or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 50,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina).

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Company. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.

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ATFX Connect won “Outstanding FX Liquidity Provider” Award at FinanceFeeds 2024

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LONDON, Dec. 23, 2024 /PRNewswire/ — ATFX Connect, the institutional arm of global trading platform ATFX, has been honored with the prestigious “Outstanding FX Liquidity Provider” award at the FinanceFeeds Awards 2024. This recognition underscores ATFX Connect’s industry-leading position in providing deep and reliable foreign exchange (FX) liquidity, a critical factor for institutional clients navigating global financial markets.

The FinanceFeeds Awards celebrate excellence and innovation in the financial sector, highlighting organizations that deliver exceptional services and groundbreaking solutions. ATFX Connect’s achievement in this category reflects its commitment to addressing the sophisticated needs of institutional clients, including hedge funds, asset managers, private banks, and brokers. The award recognizes the platform’s ability to offer tailored liquidity solutions, cutting-edge technology, and efficient trade execution.

Launched in 2019, ATFX Connect was designed to expand ATFX’s presence in the institutional space by offering a multi-access platform for professional investors. Its focus on technology-driven solutions has made it a trusted partner for clients requiring scalable and adaptable liquidity services. Over the years, ATFX Connect has consistently demonstrated excellence in integrating innovative tools with high-quality liquidity provision, helping clients optimize trading strategies in complex market environments.

This accolade solidifies ATFX Connect’s position as a top-tier liquidity provider in the financial industry. With its ongoing efforts to blend technology with personalized services, the platform continues to set new standards in the institutional trading sector.

About ATFX Connect

Back in 2019, ATFX stepped into the Institutional arena with the launch of its Multi-Access platform ATFX Connect. The management’s vision was to expand the broker’s global presence and continue to provide award-winning liquidity and customer service to clients within the Institutional community. With the focus on the professional Investor, the ATFX Connect platform is designed to provide an efficient automated trading venue that delivers tailored liquidity solutions to Hedge Funds, Asset Managers, Brokers, Private Banks, and other financial institutions. (ATFX Connect Website: https://www.atfxconnect.com)

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New Report: What rises in the East and goes down in the West? Ambition to lead

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  • Work is more important to professionals in ‘Global South’ countries than it is to their peers in Western countries.
  • They also place more value on working longer hours, with a significant percentage of professionals in China and India willing to work more than 40 hours a week.
  • Westerners lack leadership ambition – only 42% of respondents express a desire to lead or establish a business. In the Global South 65% hold this aspiration.
  • Global executive search & leadership advisory firm Amrop surveyed 8,000 people in Brazil, China, France, Germany, India, Poland, the UK, and US on the meaning of work.

BRUSSELS, Dec. 23, 2024 /PRNewswire/ — Professionals in Western countries are less ambitious and less interested in work than their ‘Global South’ peers, a new global study by Amrop, a leading global executive search and leadership consulting firm, reveals.

“The drive and ambition in India, Brazil, and China highlight a contrast with the aging societies in the West. As Western nations also face a scarcity of qualified professionals, the ambition of their workforce becomes a decisive factor for growth, economic success, and wealth preservation,” states Annika Farin, Global Chair at Amrop. “Stakeholders should encourage entrepreneurship and foster interest in both professional and personal growth in workers.”

Notably, 92% of Indians and 87% of Brazilians say they enjoy working, while the sentiment is lower in Germany (71%), the US (69%), and the UK (68%), as well as other European countries. Significant variations emerge in how respondents prioritize their careers: 84% in India assert that a successful career is crucial for a good life, with high agreement also in China (71%) and Brazil (70%). Conversely, only 43% in Germany, 40% in France and 37% in Poland share this perspective. In other Western countries such as the US and UK, over half of respondents consider their careers vital for a good life.

India Leads with Impressive Work Ethic and Work-Life Balance

However, divergent work ethics surfaced among Western countries as well, with 70% in the US prioritizing hard work, contrasting starkly with the 35% in France who share the same belief. In this context, India leads at 75%, surpassing Brazil (55%) and China (63%). Chinese professionals also lean more towards career over private life. Work hours reveal distinctions: 46% in China and 42% in India are willing to work over 40 hours, while 29% in the UK, 27% in Germany and only 16% in France, are open to longer working hours. At the same time 73% in India and 59% in China assert that they have a healthy work-life balance, contrasting with 45% in France and 49% in Germany.

“This observation is intriguing. Working fewer hours doesn’t necessarily improve one’s perception of work-life balance. If any connection exists, it appears to be the other way around – professionals willing to work longer hours also seem to have a greater sense of work-life balance. In Europe, especially, we need follow-up studies to find out where these sentiments are coming from, so we know how to reignite the passion for work,” says Farin.

The Lack of Leadership Ambition Extends to Politics

Further results from the survey show that the Global South countries demonstrate a higher aspiration for leadership roles and entrepreneurial ventures. Notably, 76% in India express a desire to run or manage a company, followed by 66% in Brazil and 54% in China. In contrast, the UK (52%), the US (49%), France (37%), and Germany (36%) trail in these aspirations. The global lack of leadership ambition extends to politics, with respondents deeming it the least desirable career across most countries. Only 19% express a motivation to make a positive impact, with 51% prioritizing financial stability and 39% aiming for a specific lifestyle.

Looking at these results, Farin emphasizes a further concern, “In surveying individuals with at least a bachelor’s degree across various countries, our results prompt a crucial question: If most professionals lack ambition for high-level leadership, who will shape the future of economies and societies? Our societies rely on people, their expertise, and motivation. Are we approaching a future where we question not only corporate leadership but also national leadership?”

About the Survey

An online survey was conducted and gathered insights from 8,000 participants, with 1,000 respondents from each of the following countries: Brazil, China, France, Germany, India, Poland, the US, and the UK.

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The survey aimed for representativeness across these diverse nations, capturing perspectives from individuals aged 20 to 60 (Gen Z: 20-26, Young Millennials: 27-34, Old Millennials: 35-42, Gen X: 43-60), all possessing at least a bachelor’s degree. Where applicable, reported results represent the top two answer sets (strongly agree/agree).

About Amrop

Amrop is a global leadership consulting firm, offering retained executive search, Board and leadership advisory services. We advise the world’s most dynamic, agile organizations on identifying and positioning Leaders For What’s Next – adept at working across borders, in markets around the world. Established in 1977, Amrop operates in Asia, EMEA and the Americas across 69 offices in 57 countries.

www.amrop.com 

Contact:
The Amrop Partnership SC
Rue Abbé Cuypers 3
1040 Brussels, Belgium
T. +32 471 733 825
E. [email protected]
Brigitte Arhold, COO

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