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Historic Move : Germany Sets Gender Quota in Boardrooms
(Some a worlds companies to give 30% of top posts to women]
Germany on March 6, 2015 became the latest and most significant country so far to commit
to improving the representation of women on corporate boards, passing a law that requires
some of Europes biggest companies to give 30% of supervisory seats to women beginning
next year.
i-
Fewer than 20% of the seats on cor¬porate boards in Germany are held by women,
while some of the biggest multi-national companies in the world are based here, including
Volk¬swagen, BMW and Chancellor Angela Markel with family Daimler—the maker affairs
minister Manuela Schwesig. of Mercedes-Benz vehicles—as well as Siemens, Deutsche Bank,
BASF, Bayer and Merck.
Supporters said the measure has the potential to sub-stantially alter the landscape of
corporate governance in Germany and to have repercussions far beyond Germanys borders.
In passing the law, Germany joined a trend in Europe to accomplish what has not happened
organically, or through general pressure : to legislate a much greater role for women in
boardrooms.
The law was passed after an unusually passionate debate, and much talk of milestones,
cracking glass ceilings and making history. Chancellor Angela Merkel, in her 10th year in
power, was on hand as deputies in her governing grand coalition of centre right and
centre left stood to register their votes in favour of the law, which was passed by a
simple clear majority. The small opposi¬tion of Greens and leftist deputies abstained,
believing the measure did not go far enough.
You have to be sparing with the word historic, said justice minister Heiko Mass, who
with a Social Democrat colleague, family minister Manuela Schwesig, spent months
steering the law over hurdles. But I think today we can applyt. For Germans, he called
the law the greatest contribution to gender equality since women got the vote in Germany
in 1918.
With women still lagging globally in corporate offices, on governing boards and in pav,
and many still struggling with family-work policies, pressure has been growing for
legislative solutions. Norway was the first in Europe to legislate boardroom quotas
joined by Spain, France and Iceland, which all set their minimum at 40%. Italy has a
quota of one third. Belgium of 30% and the Netherlands a 30% non binding target.
Britain
Britain has not legislated boardroom quotas, but a voluntary effort, known as the 30% Club,
has helped to substantially increase womens representation. The grou] founded by Helena
Morrissey, a money manager, ha used persuasion to help double the percentage of wome on
the boards of major British companies since 2010, t
23%.
The US
The US has also seen womens representation grov slightly, up to 17% of board seats,
without legislative mandates; though its growth has been extremely slow.
Under the new law, some 100 of Germanys best known companies must give 30% of their
supervisor}, board seats to women starting next year.
A further 3,500 companies have a deadline of Sept¬ember 30 to submit plans to increase
the share of women in top positions.
Crimea Crisis Recorded in a Film
[Russian President Vladimir Putin describes secret operation to seize Crimea in Film I
Russian President Vladimir Putin has revealed the moment he gave the secret order for
Russias annexa¬tion of Crimea and described how Russian troops were ready to fight to
rescue Ukraines deposed, pro-Moscow President.
In a trailer shown on March 8, 2015 for an upcoming documentary on state-run Rossiya-1
television called Homeward bound, Putin openly discusses Moscows controversial grabbing
of Crimea a year ago.
Putin recounts an all-night meeting with security services chiefs to discuss how to
extricate deposed President Viktor Yanukovych, who had fled a pro-Western street revolt
in the Ukrainian capital Kiev.
Crimea Crisis : A Lookback
In February 2014, Crimea became the focus of the worst East-West, crisis, after Ukraines
pro-Moscow President Viktor Yanukovych was driven from power by protests in Kiev.
Four days after a meeting between Vladimir Putin (in pic) and security forces chiefs,
unidentified soldiers took over the local parliament in Crimea and deputies hurriedly voted
in a new government.
The Ukrainian province was then formally annexed by Moscow on March 18, triggering global
condemnation.
We ended at about seven in the morning, Putin said. When we were parting, 1 said to my
colleagues : we must start working on returning Crimea to Russia.
Four days after that February 2014 meeting, uniden¬tified soldiers took over the local
parliament in Crimea and deputies hurriedly voted in a new government.
The Ukrainian province was then formally annexed by Moscow on March 18, triggering
international condem¬nation.
The military operation was initially kept secret and despite the increasingly obvious
actions of unmarked Russian forces on the ground, Moscow insisted that only
PD/May/2015/22
The distance between Insanity and genius is measured only by success.
locals were involved in the upheaval. Later, the Kremlin conceded that it had been behind
the grab.
In the trailer, Putin also claims that Russias military was ready to fight its way into
the eastern Ukrainian city of Donetsk to get Yanukovych, a heavily corrupted but loyal
figure who favoured keeping Ukraine in Russias sphere of influence.
He would have been killed, Putin said. We got ready to get him right out of Donetsk by
land, by sea or by air, he said. Heavy machineguns were mounted there to avoid talking
too much. Yanukovych later resur¬faced in the southern Russian city of Rostov and has
not been back to Ukraine.
More than 6,000 people have since been killed in fighting between Ukraines government
forces and heavily armed separatist militias based in Donetsk and backed— according to
Western governments—by Russia, although Moscow denies this.
US, Venezuela Spat
• US declares Venezuela national security threat.
• US sanction1- top officials.
• Venezuelan President Maduro denounces move, would seek decree powers to counter
imperialist threat.
The United States declared Venezuela a national security threat on March 9, 2015 and
ordered sanctions against seven officials from the oil-rich country in the worst bilateral
diplomatic dispute since socialist President Nicolas Maduro took office in 2013.
US President Barack Obama signed and issued the executive order, which senior
administration officials said did not target Venezuelas energy sector or broader
eco¬nomy. But the move stokes tensions between Washington and Caracas just as US relations
with Cuba, a long time US foe in Latin America and key ally to Venezuela, are set to be
normalised.
Cuba Supports Venezuela
Cuba offered its unconditional support to Venezuela after Obama authorised new sanctions
against senior officials.
An official statement called Obamas executive order implementing the sanctions arbitrary
and aggressive. Cuba reiterates its unconditional support and that of our people for
the Bolivarian Revolution, the legitimate government of Maduro, and the heroic brotherly
people of Venezuela, the statement said.
The Cuban reaction marked its first confrontation with the US since the two countries
began discussions in December on fully restoring diplomatic relations.
Venezuelan President Nicolas Maduro denounced the sanctions as an attempt to topple his
government. At the end of a thundering two-hour speech, Maduro said he would seek decree
powers to counter the imperialist threat, and appointed one of the sanctioned officials
as the new interior minister.
Declaring any country a threat to national security is the first step in starting a US
sanctions programme. The same process has been followed with countries such as Iran and
Syria, US officials said.
The White House said the order targeted people whose actions undermined democratic
processes or institutions, had committed acts of violence or abuse of human rights,
were involved in prohibiting or penalising freedom of expression, or were government
officials involved in public corruption.
Venezuelan officials past and present who violate the human rights of Venezuelan citizens
and engage in acts of public corruption will not be welcome here, and we now have the
tools to block their assets and their use of US financial systems, Whit House spokesman
Josh Earnest said in a statement.
Chinese Stand on South China Sea
(Beijing say South China Sea Projects are Lawful)
China on March 8, 2015 defended as lawful and justified the construction of major
infrastructure projects in the disputed Islands and reefs of the South China Sea (CCS)
and said it was merely building facilities in its own yard.
During his annual media briefly on the sidelines of the legislature session, the National
Peoples Congress (NPC), Freign Minister Wang Yi also said its multi-billion Silk Road
and Maritime Silk Road (MSR) projects are different from the post war United States
Marshall Plan aimed at assisting its allies.
PD/May/2015/23 When you stop chasing the wrong things you give the right things a
chance to catch you.
China is carrying out necessary construction on its own islands and reef,
The construction does not target or affect anyone.
We have every right to do things that are lawful and justified, Wang said.
China claims sovereignty over almost all of the SCS, which is hotly contested by the
Philippines, Vietnam, Malaysia, Brunei and Taiwan.
Wang said China will continue to uphold freedom of navigation in the SCS and to peacefully
resolve disputes through direct dialogue and consultation. On the Silk Road and MSR for
which China set up a $ 40 billion fund, Wang said the initiatives were different from the
US Marshall Plan launched after the World War II.
The 1948 Act was the post-war plan of the US to provide economic and military assistance
to its allies as part of the efforts to contain the expansion of the Soviet Union.
Chinese Muslim Uighurs Join Islamic State
Chinese officials said on March 10, 2015 that mem¬bers of the countrys Muslim Uighur
ethnic minority have gone overseas to fight with the Islamic State group which controls
sections of Syria and Iraq, and returned to take part in plots at home.
Authorities in the far-western regions A member of an Iraqi paramilitary of Xinjiang,
which force flashes the victory sign after borders Afghanistan regaining control over
Islamic State-and Pakistan, will held village Albu Ajil, near Tikrit, strengthen their
crack- on March 9,2015.
down on terrorism and extremism as a result, regie representatives said at a discussion
on the sidelines Chinas legislature.
Xinjiang has seen repeated violence as members the Muslim Uighur minority group have
bristled und what they say is repressive Chinese government rule.
Attacks blamed on Uighurs have also occurred other parts of the country.
There are Uighurs that have fled overseas and join the Islamic State, said Zhang
Chunxian, Commun Party secretary of Xinjiang.
The organisation has a huge influence and Xinjia cant keep aloof from it and we have
already been affect We have also found that some who fought returned Xinjiang to
participate in terrorist plots.
New Sri Lankan Government Appoints Fonseka as Field Marshal
Sri Lankan President Maithripala Sirisena on Ma 2015 conferred the highest military rank
of field Mars! retired army chief and politician Sarath Fonseka.
Speaking at a state ceremony, President Sirisena said that Mr. Fonseka was unjustly
treated by the previous government. He was sent to prison by the previous Rajapaksa
regime for alleged treason.
President Maitnnpaia Sirisena (
Following former confers the rank of Field Marsh,
President Mahinda retired general Sarath Fonseka,
Rajapaksas defeat in first Sri Lankan to be given
the January elections, honour, on March 22, 2015.
Mr. Sirisena, using his executive powers, cleared Mr. Fon
of all allegations.
China is Worlds Third Largest Arms Exporter
China has surpassed Germany to become the worlds third largest arms exporter,
a Stockholm-based think tank said ir report on March 16, 2015.
Dragons Share
5% Chinas share in the global arms export pie
143% The communist giants share of the global arms market rose 143% from 2010 to 2014
68% of its exports went to Pakistan, Bangladesh and Myanmar. Beijing also sold major arms
to 18 African states.
58% arms are exported from the US and Russia.
China was ranked ninth among exporters of warplanes, ships, side arms and other weaponry
Exports of major arms from the worlds second largest economy grew 143 per cent over the
years 2010 to 2014, versus ti previous five-year period, when China had ranked ninth
globally, the Stockholm International Peace Research Institute (SIP said in a report.
Asian countries continue to expand their military capabilities, with an emphai on
maritime assets, Siemon Wezeman, senior research with the SIPRI Arms Military Expenditure
Programme said in a news release.
More than 68% of Chinese exports went to Pakistan, Bangladesh and Myanm Beijing also sold
major arms to 18 African states.
Analysts say Chinese-made equipment has found eager buyers among countrie odds with the
United States and its allies.
China was extremely cautious and responsible with its weapons exports, countrys Foreign
Ministry said on March. 16, 2015.
We follow principles of helping the receiving country with its reasonable ; defense
capabilities, not damaging global and regional peace and stability, and interfering in the
receiving countrys internal politics, Ministry spokesman Hong told a regular briefing.
Chinas arms imports fell 42% between the years 2010 and 2014 compared with prior five year
period, the report said.
China does not release figures for its arms sales. Chinas military spending has been
double-digit growth for decades, and Beijing has poured funds into modernizing armed forces
as it takes a more assertive stance on territorial disputes in the region.
Experts say some Chinese made equipment is comparable to US or Russian-made counterparts,
though precise informah about its performance is scarce.
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