On Sept. 16 the Faculty Council nominated a Parliamentarian for the fall term of 2015 and a Parliamentarian for the spring term of 2016. They also heard a presentation on the General Education review.The council next meets on Sept. 30. The preliminary deadline for the Oct. 6 meeting of the faculty is Sept. 22 at noon.
Denmark’s biggest commercial pension fund PFA has pledged to get more involved with the companies in which it invests.The DKK417bn (€55.9bn) fund said it would become a more active investor from now on, in order to ensure good returns and governance.The fund said it would use its voice at annual general meetings (AGMs) rather than criticise firms through the media.Jesper Langmack, director of PFA’s asset management arm PFA Kapitalforvaltning, said: “PFA has mainly been a passive investor before. “But, increasingly, we will be a more active investor, seeking to have an influence over the pensions money we invest directly in businesses.”PFA said its investments were coming under increasing scrutiny from its own customers as well as international investment banks that followed its activities.“We would like to be seen as a professional and responsible asset manager that pension customers can trust, and one with which other institutional investors want to work with,” Langmack said.This means taking a more active approach, he said.Explaining what the pension fund hoped to achieve with this, he said: “First and foremost, of course, we want to contribute towards ensuring a good return for those companies for the benefit of PFA’s pension customers.“Secondly, we want to put a focus on returns being generated on a responsible basis and in line with recommendations on good governance.”The fund said it currently invested directly in 25 listed Danish companies. In the last few years, PFA said its investment approach had gone in the direction of fewer but larger direct investments in quoted companies. Because it is now putting more capital into companies, Langmack said it was quite natural the pension fund would use the influence that went with the shares.“However, we will not be asking for seats on the board,” he added.Contact with the companies’ management will generally take place behind the scenes, he said.“Of course, as an investor, it is in our interests that the value of a business not be damaged,” he said.For that reason, he said, it would often be a bad move to go to the media to criticise a decision made by a company it invested in.“Instead, we will typically take up contact directly with the company and give them our opinion,” he said.However, Langmack said PFA did intend to speak publicly at the AGMs of some of companies. “We will, from time to time, take the opportunity to put demanding and critical questions from the podium to the management of the companies,” he said.Langmack said he was currently working on speeches he and his portfolio managers would be delivering at the AGMs of a number of companies, but gave no specific details. read more
By Nick MulvenneySYDNEY, Australia (Reuters) – David Warner’s contribution to Australia’s first innings in the third Test against Pakistan yesterday lasted just two hours and 21 minutes but that was more than sufficient time for the opener to do something no batsman had done for 40 years.The 30-year-old’s ability to score runs quickly is well documented but no Australian since Donald Bradman in 1930, and no batsman since Pakistan’s Majid Khan in 1976, had managed to construct a century in the first session of a Test.In 78 balls and with 17 fours, Warner stamped his authority on a dead rubber match and further disheartened a touring team still reeling from a batting collapse in Melbourne that cost them the second Test and the series.There was no rashness to the innings, however – none of the wild lashes at the ball that have cost him his wicket throughout his career and once led some to question his suitability to play the longest form of the game.The vicious cuts and crisp drives were from the textbook and he reached the milestone courtesy of three runs to backward point with the help of a misfield.“He copped a bit of flak for one of his shots in Melbourne and I think he made a comment about trying to keep up with me,” Warner said.“I think a lot of the guys told him just to play his own game.”Warner said he was unaware that he was about to join Victor Trumper, Charles Macartney, Bradman and Majid as only the fifth batsman to notch up a ton so early in a Test.On the previous delivery, another misfield had offered a third run but, with lunch just five balls away, he waved away batting partner Matt Renshaw to retain the strike on 97.“It wasn’t nerve-racking. I told the youngster with a couple of minutes to go that we just needed to knuckle down and get through to lunch and be patient,” Warner said.“But obviously as a batsman when the adrenaline is pumping and you know it’s (a century) just around the corner you are probably going to have a dib.“It’s an honour and privilege to be amongst the greats of the game. It wasn’t something in the back of my mind to go out and score a 100 in a session. It was about going out there with intent and batting positively.”Warner’s century was his second in consecutive Tests, after 144 in Melbourne last week, when he broke a drought going back to last January against West Indies at the Sydney Cricket Ground.That Sydney century had taken him 82 balls, a ground record that fell to his quick-fire innings yesterday.“Hopefully, I can keep continuing that great start and positive approach,” Warner added.“We have a few Tests in India and then we have the Ashes at home. I’m looking forward to that challenge and I’m just going to keep riding that wave of form.”ELDER STATESMANNow an elder statesman of the side, Warner was also delighted at the form of his opening partner Matt Renshaw, whom he described as looking like “a million dollars” in the middle.Renshaw came into the side after Australia lost the first two Tests against South Africa in November.The 20-year-old’s approach to opening is the chalk to Warner’s cheese and it took him 123 more balls to secure his maiden Test century in the final session.Despite some criticism of his strike rate from former players, Renshaw’s approach to his batting suits Warner just fine. read more