“The innovative methodology of this index allows mitigation of the risks of poor corporate governance that are ignored by the classic indices,” said Ethos CEO Vincent Kaufmann. “This provides investors with a better protection from corporate governance risks.”SIX Swiss Exchange is calculating the index on behalf of Ethos.According to the foundation, the index aims to:- Reduce corporate governance risks by underweighting or excluding companies that do not apply best practices;- Reduce the carbon impact of the index by underweighting companies with significant carbon emissions;- Avoid overweighting companies involved in serious controversy;- Avoid overweighting companies that make up more than 15% of the SPI;- Overweight companies that do not fall into one of the above categories.Multiple share classes, combined chairman/CEO roles, and variable pay making up a large part of executive remuneration are among features that will weigh negatively on a company’s inclusion in the index.The new index is being used as the benchmark for the Ethos Equities CH Indexed Corporate Governance fund, managed by Pictet Asset Management. Ethos Foundation, a Swiss pension fund organisation promoting socially responsible investment (SRI), has launched a corporate governance index on the country’s main stock exchange.The new equities index, the Ethos Swiss Corporate Governance Index (ESCGI), weights constituents according to corporate governance best practice criteria, while also taking into account companies’ carbon emissions.It is described as the first index of this type on the Swiss stock market, the SIX Swiss Exchange.The index takes the companies that make up the classic Swiss equity market index, the Swiss Performance Index (SPI), and applies Ethos’ corporate governance principles and criteria to modify the weighting of the companies.
As some of you know, my wife and I met our daughter’s family at Hilton Head last week for a late summer vacation. It was a great week highlighted by my daughter Gina’s treat of taking me along as she and her husband, Tony, and father-in-law, Virgil, played the famous Heritage Golf Course at Harbour Town in the Sea Pines Resort.This is the course that hosts RPC Heritage Golf Classic every April on the PGA Men’s tour. For those of you who follow golf on TV, it is the 18th hole that grabs everyone’s eye each year. As you look down the 18th fairway from the tee bed, you see the famous lighthouse, the yachts in the harbor, and the water all along the left side of the fairway. Many tournaments are won each year on this 18th hole on the final day of competition.Since I got to ride along and see the manicured course up close and personal, I can see why the golfers like this course so much. It reportedly is the golfers’ second favorite course on the tour behind the Masters. Many thanks to my daughter for this thrill of a lifetime for the “old coach”.
Facebook Twitter Google+ Published on February 21, 2017 at 10:09 pm Contact Nick: [email protected] | @nick_a_alvarez UPDATED: Feb. 22, 2017 at 8:55 p.m.Every Wednesday, the Syracuse ice hockey locker room transforms into a makeshift yoga studio. Pads and skates slide toward the walls to make room for the mats. Players organize rows along the floor then settle into their positions.Forward Laurence Porlier moves around every week. Fellow senior Jessica Sibley situates herself in the back corner of the room. Music blasts.Most days, the words of Ed Sheeran course through the air. SU deems its ritual “chill but not too ‘yoga-y,’” since players aren’t meditating during the sessions. But odd or not, Syracuse’s (13-12-5, 12-4-2 College Hockey America) weekly yoga excursions prevent injuries and get players ready for game day.“I think it’s really good for me especially being a goalie,” junior goalie Abbey Miller said. “Like flexibility is so huge.”AdvertisementThis is placeholder textSyracuse head coach Paul Flanagan tries to mitigate injuries anyway he can. He said he doesn’t believe in the meditative qualities of yoga, but understands the physical benefits it brings. For years, he’s had a yoga instructor help the players limit injuries.“I wasn’t too crazy about the last (instructor),” Flanagan said. “A little bit too much of the meditation involved. Dina will do a lot of the stretching.”Dina Jenks has been SU’s yoga instructor since last season. After the ice at Tennity Ice Pavilion melted last April, SU couldn’t skate. The team’s anger about not being able to get on the ice manifested itself in the mandatory yoga sessions, as the team thought it should be actually practicing rather than stretching out. This initially hurt Jenks’ relationship with the players.At the start of this season, Jenks, who worked with the SU men’s basketball program two years ago, connected with players. They chose the music that accompanied their sessions. Before each one, the players sat in child’s pose.Jenks speaks with Flanagan before each meeting and adjusts her lesson to players’ fatigues levels. A light stretch is preferred after a hard week of practice. Other times, the workouts are revved up to prepare a team for back-to-back games.“After practice, conditioning and training, they are pretty beat,” Jenks said. “The last thing they want to do is yoga. But now they are starting to understand it’s making a difference in how they feel.”Players have developed a close relationship with Jenks, actively joking around with her during sessions. When players attempted camel pose — a stretch that requires a yogi to arch their back and touch the balls of their feet — most fell over, eliciting laughter from the room. Jenks later admitted Syracuse can probably never attempt camel pose again. They’ll stick with their favorite poses: pigeon pose, child’s pose and upward dog.The yoga time has helped players recover, team trainer Molly Rausch said. Last season’s forced-upon exercise has morphed into a team bonding activity that keeps players loose come puck drop.“(Dina) makes it fun,” Sibley said. “She’s like one of us.”CORRECTION: In a previous version of this post, Molly Rausch was misnamed. The Daily Orange regrets this error. Comments