The McKinsey Quarterly has named articles by Harvard Business School professors Teresa Amabile and Cynthia Montgomery to its 2012 list of the journal’s 10 most popular articles. Amabile and co-author Steven Kramer were recognized, at number two, for “How Leaders Kill Meaning at Work,” an examination of how senior executives routinely undermine creativity, productivity, and commitment by damaging the inner work lives of their employees. The article is based on their book “The Progress Principle: Using Small Wins to Ignite Joy, Engagement, and Creativity at Work” (Harvard Business Review Press, 2011). Montgomery’s article, “How Strategists Lead,” at number six, offers her reflections on what she’s learned from senior executives about the unique value that strategic leaders can bring to their companies. Montgomery is the author, most recently, of “The Strategist: Be the Leader Your Business Needs” (Harper Business, 2012).
Image courtesy of Sempra EnergyExports of liquefied natural gas from projects in the United States edged down during the week ending March 25. A total of 15 vessels departed U.S. LNG export facilities between March 19 and March 25, United States Energy Information Administration notes.The combined LNG-carrying capacity of the 15 tankers was at 55 billion cubic feet. This compares to 16 cargoes in the previous week with a combined LNG-carrying capacity of 59 Bcf.Out of the 15 cargoes, seven departed from Cheniere’s Sabine Pass LNG facility, three were shipped from the Freeport LNG plant and two cargoes each departed the Cameron LNG and Corpus Christi LNG facilities. The remaining cargo was shipped from the Cove Point LNG export plant in Maryland.EIA further noted that natural gas deliveries to liquefied natural gas export terminals jumped for the week reaching 9.2 Bcf/d, up from 8 Bcf in the previous week.Notice: LNG World News is soon to become part of a new environment Offshore-Energy.biz. This platform will provide you with daily news in the full spectrum of the markets and topics relevant to the energy transition. We will continue to provide you with all the relevant insights into the LNG market, in a new outfit.LNG World News Staff
The Spaniard has been linked with a number of clubs in recent weeks and the Latics’ relegation from the Premier League – despite also winning the FA Cup – has led to increased speculation about his future. Whelan said Thursday was ‘D-day’ for Martinez, but he remained hopeful that not only would the 39-year-old stay, but also agree a contract extension. “We have had a constructive meeting today and Roberto wants 24 hours to speak to his wife and decide what he wants to do,” he said. “He needs a bit of time, which I think is fair, and tomorrow we will know – it is decision day.” Martinez, who has 12 months left on his existing contract, has been one of the front-runners for the vacant Everton job following David Moyes’ move to Manchester United. However, Tony Pulis’ departure from Stoke on Tuesday would give him another Premier League option while confirmation Manuel Pellegrini and his coaching staff are leaving Malaga could raise the possibility of him returning to his homeland. But there is also a chance Martinez, who has previously turned down Aston Villa and was on Liverpool’s short-list to succeed Kenny Dalglish last summer, will remain at the DW Stadium and try to get the club back into the Premier League at the first attempt. “I told him exactly as I saw it: his future for the next two years lies with Wigan Athletic,” added Whelan. “If he wants to opt out of his contract and go then there is a bit of compensation to be paid but I hope that won’t be the case. “I hope he will extend his contract. As I see it there are two (Premier League) clubs available and does each club want him? “We are talking about Roberto for the whole of Europe. I am not sure which club or the other has approached him but I am sure the club which will approach him will be bigger than Wigan. I hope he stays but tomorrow I will be able to tell you.” Wigan manager Roberto Martinez is to decide his future in the next 24 hours, according to chairman Dave Whelan. Press Association
Northern Ireland face a major defensive headache for Friday’s World Cup qualifier against Portugal with Aaron Hughes and Ryan McGivern potentially joining the list of absentees for the match. Boss Michael O’Neill was already without left-back Daniel Lafferty due to suspension and saw centre-back Craig Cathcart withdraw from the squad on Sunday with a knee injury. Former captain Hughes, who has been playing right-back in this campaign, hurt his groin in the closing stages of Fulham’s Barclays Premier League clash against Newcastle and stayed an extra day in London for treatment. He is expected to arrive in Belfast later on Wednesday but his chances of making the Portugal clash are not thought to be good. Hibernian defender McGivern, who was expected to replace Lafferty on the left of defence, has a knock and did not train on Wednesday morning. If Hughes is ruled out it would mean three of the back four from the 1-0 win over Russia – Lafferty and Cathcart the others – are missing on Friday. The likely return of Manchester United’s Jonny Evans alongside Gareth McAuley at centre-half would ease that blow somewhat, but improvisations may need to be made elsewhere. Uncapped Kilmarnock left-back Rory McKeown is one alternative, as is Hull’s Alex Bruce – who can play across the back four – while Shane Ferguson could be asked to move back from his usual midfield position. O’Neill is also understood to be pondering a call-up for Chris Baird, an experienced international who has been left out having failed to agree a deal since his release by Fulham at the end of last season. Press Association
It’s advice I’ve heard myself multiple times throughout my life: Get a haircut.I must have heard this tough-love approach to parenting from my mother and father hundreds of times while I was a young man, particularly when I was about to embark on the journey of responsible adulthood. This age-old caveat, along with other gems such as, ‘Dress for the job you want, not the one you have,’ and, ‘Give a firm handshake and look people in the eyes,” were passed down to me by my parents, and their …
Nicky Rehbock The key to Africa’s development lies instimulating thriving local and globalbusinesses and brands on the continent,according to Brand Africa chairpersonThebe Ikalafeng.MEDIA CONTACTS• Brand South Africa+27 11 483 0122The upcoming 2011 Brand Africa Forum will tackle key issues affecting the continent’s growth, reputation and competitiveness to ensure lasting Africa-centric solutions.The event, hosted by Brand South Africa and Brand Leadership Academy, will take place on 29 September at the Sandton Convention Centre in Johannesburg.It offers global thought leaders, influencers and decision-makers a valuable opportunity to interact and discuss matters ranging from governance and sustainability, growth-enabling policies, as well as business and its role in shaping the continent’s economic future.The significance of South Africa joining Brazil, Russia, India and China in the BRICS bloc will also be explored, along with lessons to be learnt from emerging markets.“Brand South Africa’s involvement in the Brand Africa Forum goes back to the inaugural event in 2010,” says Brand SA CEO Miller Matola.“For us it was a natural fit because the health of Africa’s brand is important for the strength and health of our own nation brand. If countries on the continent improve in terms of their image and reputation, the same holds for South Africa. Our prosperity is inextricably linked to that of the other countries on the continent.”Powerful line-up of speakersThe 2011 forum boasts an impressive range of guest speakers, including renowned global business consultant Dr Vijay Mahajan, global economist Dr Dambisa Moyo, Brand SA chairperson Anitha Soni, Brand Africa chairperson Thebe Ikalafeng and Rakesh Wahi, who is the vice-chairperson and co-founder of CNBC Africa and Forbes Africa.A dynamic panel of young leaders from Kenya, South Africa, Uganda and Senegal have also been included to discuss youth and their vision for the continent.“One of the things we learnt from last year’s event was that we need to focus on discussions that are more about the continent and include people from those places. We also need to create more media outlets for the stories that are generated as a result of this. With the diverse line-up of speakers at this year’s event – and journalists who will be there to cover it – we will ensure that it’s not just South Africans talking about Africa,” says Miller.Importance of corporate brandsWhile there’s been extensive coverage on multinational, Fortune 500 South African companies such as SABMiller, Old Mutual and Anglo American, less is recorded about similarly influential concerns elsewhere on the continent.These include Oando PLC, Nigeria’s largest indigenous energy group; Kenya’s CFC Bank and its East African Portland Cement Company; Angola’s national diamond company Endiama; as well as Sudan’s Kenana Sugar Company.“One of the messages we want to spread through the forum is that corporate brands are very important in developing nation brands and nations’ economies,” says Miller, adding that it is through telling these stories that Africa can be “positioned as the next growth frontier in terms of investment and business”.Dealing with Africa’s challengesWhile the forum will focus on the positive issues arising from the continent’s growth and development, Africa’s challenges won’t be ignored.Situations unfolding in North Africa, Ivory Coast, Sudan and Zimbabwe are just some of those which are up for discussion.“At last year’s event there were very open and frank discussions about the continent and some of its weaknesses. Issues that need to be addressed this year focus on challenges in terms of democratisation, macroeconomic reform and policies that impede competitiveness,” Miller says.“To build a strong brand you need to look at these fundamentals – it can’t just be about image. I believe the Brand Africa Forum 2011 will ensure that we have a platform for open and balanced debate, which will take the continent forward.”Practical outcomes of the forum will include a written report on discussions, which will be made available online and across a variety of platforms throughout the world. It will also be given to potential investors and interest groups, according to Miller.The 2011 forum proceedings will be broadcast by CNBC Africa to 41 sub-Saharan African countries.
7 February 2013South Africa’s move to a so-called “twin peaks” model of regulation will boost the country’s resilience and further stabilize its financial system, the Financial Stability Board (FSB) says in its peer review of South Africa.The FSB was set up following the global financial crisis of 2008-09 to coordinate the work of national financial authorities and international standard setting bodies at an international level.Based in Basel, Switzerland and hosted by the Bank for International Settlements, it aims to develop and promote effective regulatory, supervisory and other financial sector policies in the interest of global financial stability.In 2011, the South African National Treasury issued a policy document for financial reform that proposed the adoption of a “twin peaks” model of financial regulation.This regulatory structure involves separate prudential and market conduct regulators, aimed at creating a more resilient and stable financial system.“The FSB welcomes the planned reforms and agrees that a shift to a twin peaks model provides a good opportunity for South Africa to streamline responsibilities and elevate the importance of market conduct regulation,” the FSB said in its peer review on South Africa this week.Last week, the Financial Regulatory Reform Steering Committee, comprising the National Treasury, South African Reserve Bank and Financial Services Board, published for public comment a summary of the proposals for implementing the twin peaks model.The Treasury said the twin peaks approach entailed creating a prudential regulator housed in the South African Reserve Bank (SARB), and transforming the Financial Services Board into a dedicated market conduct regulator.The objective of the prudential regulator will be to maintain and enhance the safety and soundness of regulated financial institutions.The FSB suggested that South Africa consider shifting legal authority for financial disclosure and regulation of public companies from the Department of Trade and Industry to the Financial Services Board, which would remain the lead regulator of the exchanges under the twin peaks structure.“There is scope for additional cooperation between the South African Reserve Bank and the Financial Services Board with the National Credit Regulator,” the FSB added.South Africa was the seventh country to be voluntarily peer reviewed by the FSB. The United Kingdom, United States, Indonesia and Germany will undergo a peer review in 2013.Source: SAnews.gov.za, with additional reporting by SAinfo
zoomIllustration; Source: Pexels Greek ship owner and operator Euroseas has secured a charter contract for its 5,600 TEU container vessel, the Akinada Bridge.Built in 2001, the ship would be deployed on the charter for a minimum of ten and maximum of thirteen months at a daily rate of USD 16,500.Euroseas said that the charter would commence upon completion of the vessel’s special survey and drydocking and the installation of a ballast water treatment plant at a total cost of about USD 2.5 million.The company added that it expects to fully recover the above-mentioned cost over the duration of the charter and to finance it via a loan from an entity affiliated with the company’s CEO.“The strength of the intermediate size containership market has provided us with an opportunity to charter our only non-feeder vessel at rates that justified the investment required to complete the fourth special survey of the vessel and installation of a BWT plant. After the completion of the announced charter, we expect to have the vessel available for employment until its fifth special survey due date, i.e. for four additional years, with minimal incremental investment required beyond its operating cost,” Aristides Pittas, Chairman and CEO of Euroseas, said.“We are cautiously optimistic about the prospects of the containership market across all segments as fleet growth over the next couple of years is expected to be low by recent trends.”