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Trustees must ‘sing from same hymn sheet’ on codes of conduct

first_imgTrustees and pension fund managers have been urged to ensure they are “singing from the same hymn sheet” and draw up codes of conduct governing the receipt of gifts and how to handle placement agent fees.Howard Sherman, head of corporate governance product development at MSCI, told the current issue of IPE there was the temptation for asset managers “to do whatever it takes” to win clients.He said it was therefore important for pension trustees and management staff to know whether gifts needed to be disclosed to ensure decisions were “based on merit”.Barry Mack, partner and head of governance at Hymans Robertson, agreed with Sherman’s assessment and called for a code of conduct be drawn up for each fund. “There may already be a tacit consensus as to what constitutes appropriate behaviour, but, until something is written down, pension fund staff may actually not be all singing from the same hymn sheet,” he said.“If you’re invited to something you couldn’t afford yourself, there is clearly a risk of undue influence. Therefore, you probably shouldn’t accept it.”However, the Hymans Robertson partner added that there would be different levels of affordability depending on the pay grade of the affected employee, meaning this would need to be taken into account.Their comments come in the wake of a number of governance scandals across Europe, including most recently the resignation of Keva managing director Merja Ailus.In the wake of her resignation last year, the Finnish government published details of a new law for disclosure of potential conflicts of interest.Problems have also occurred in other countries, including in Switzerland.Michael Valentine, investment consultant at Towers Watson in Zurich, said it made sense for pension funds to check whenever there was uncertainty that their current protection was “adequate”.For more on codes of conduct, see the current issue of IPE magazinelast_img read more


Jol unfazed by poor start

first_img Scott Parker will make a welcome return to Fulham’s midfield should he be fit, while Dimitar Berbatov is expected to line up having used the international break to get over the knock he picked up against Stoke. But even with a stronger squad, Jol knows his side cannot travel to Selhurst Park believing the three points are guaranteed. “They (Crystal Palace) need the points as well and it’s the Barclays Premier League, so it will be difficult,” he said. “It’s not easy to go away from home to play against these teams. But I think we’ve got the players and the quality to get the result.” Iranian international Ashkan Dejagah won’t be rushed back in to the squad, though, despite playing more than an hour for his country against Thailand earlier in the week. “I’ve got, as I said before, a few options on the flank, especially on that flank, so first he must be 100 per cent fit,” Jol said. “As soon as he’s fit, and he wasn’t until now because he had a big injury, then he’ll be back in the squad.” “Even when you’re in the bottom three at Christmas it doesn’t mean you will go down,” he said, ahead of Monday’s clash between the two teams at Selhurst Park. “I remember Ian Holloway doing an unbelievable job at Blackpool. I think he was in the top eight at one stage four or five years ago and they still got relegated after Christmas. “He played a different system, a very progressive 4-3-3 and he did it again with Crystal Palace. So I still feel that the man is doing a good job, but the results are not going for them. “And hopefully Monday will be the same.” Of his own squad, Jol denied speculation morale is dipping in the dressing room. “We’ve got a great team spirit, we’ve got new players in, I’ve got all these players, 80 per cent of the players are my players and the other players are here for at least two years, so there’s no problem,” he said. “The only problem we have is we had an indifferent result against Cardiff, but Cardiff beat Manchester City as well. So they’re all strong these teams. “West Brom you know, we should have beaten them, they scored in the 93rd minute, they scored the equaliser and a week later they beat Man United away from home. I spoke to my friends and to other managers, and they all know that it’s not easy to get results in the Premier League.” Fulham boss Martin Jol has offered encouraging words to his fans and those at Crystal Palace after both sides’ poor start to the Barclays Premier League season. The Cottagers are outside the relegation zone on goal difference only, while Ian Holloway’s men have just four points from their first seven games. Jol, however, believes early-season form is no indication of how a club will finish. Press Associationlast_img read more


O’Neill: Villa role good for Keane

first_img O’Neill has revealed he spoke to Villa manager Paul Lambert about the demands the position would make on Keane’s time before sanctioning the move, which will see the former Manchester United captain combine the two jobs. O’Neill told the Irish Independent: “My view is if it doesn’t impinge on the job here with Ireland, then in actual fact it will end up being good for him. “I know that if we couldn’t have made it work, he wouldn’t have taken the job in the first place. “If his commitments to us – both on the commercial side and certainly from my viewpoint in terms of the time working with players – is not impinged at all, then I’m happy for it to go ahead, genuinely happy. “Villa have agreed to give him all that time with us and therefore I don’t really have a problem with it. I spoke with Paul to see how he felt it was going to work. “He said that he gives the players, the senior players who are not involved at international level, a lot of time off anyway during that time [international breaks] and even if they did come back for a day or two, they could cope with that.” Republic of Ireland boss Martin O’Neill is confident number two Roy Keane will benefit from his joint role as Aston Villa’s assistant manager. center_img Press Associationlast_img read more


Teen star Charley Hull fifth in LET event

first_img Teen star Charley Hull in the LET mix in Turkey 11th May, 2012 England’s world number three amateur, Charley Hull, is just two strokes off the lead heading into the weekend at the Turkish Airlines Ladies Open on the Ladies European Tour. The 16-year-old from Woburn (pictured © LET/Tristan Jones) outplayed the likes of Laura Davies, Melissa Reid and last week’s winner, Carly Booth, to lie in a share of fourth place at the halfway stage in her Ladies European Tour debut event at National Golf Club in Antalya. The defending champion and Solheim Cup player Christel Boeljon of the Netherlands retained a share of the overnight lead at three under and was joined by Finland’s Ursula Wikstrom on a tough day, when a swirling breeze and tricky pins played havoc with scoring. Finland’s Minea Blomqvist was a stroke back at two under. Charley, who tied for 38th in her first Major at the Kraft Nabisco Championship last month, showed maturity beyond her years as she mixed three birdies with two bogeys to end the day at one under par in total. She likened the tight-tree lined layout to her home course and looked fearless as she attacked the pins, even hitting the flag on the tough 18th, where the second shot plays over a lake. “I feel like it was good. I feel like I left a lot of shots out there, but it was all right, steady. I was just relaxed,” said Charley. “I think you’ve just got to stay patient. You’ve got to hit it straight, chip great and putt great. Your game’s got to be pretty good. It reminds me of my home course, Woburn, like the tightness of the Duchess, but the greens of the Marquess, and then the wind can get up here as well, so it’s pretty good.” On a day when most of the leading professionals struggled, Charley made a great start with a pair of birdies on the third and fourth holes. She dropped a shot at the par-five 12th, which has been remodelled with a new green this year, birdied the 13th and then bogeyed the par three 16th. She nearly holed for a two at the 357-yard par-four 18th, but her ball bounced towards the water and came to rest 30 feet from the flag. On her game plan for the weekend, she said: “I’ll try and make a birdie every three holes, because I find when I go to the scorer, there’s always a birdie chance.” Should Charley win this weekend in Turkey, she would edge Amy Yang as the Ladies European Tour’s youngest ever champion aged 16 years, one month and 23 days. Turkish Airlines Ladies Open National Golf Club (par 73) Belek, Antalya, Turkey 10-13 May 2012 Scores at the end of round 2: 143 – Christel Boeljon (NLD) 70 73, Ursula Wikstrom (FIN) 73 70 144 – Minea Blomqvist (FIN) 72 72  145 – Charley Hull (ENG) 73 72, Louise Larsson (SWE) 75 70, Pernilla Lindberg (SWE) 70 75, Diana Luna (ITA) 70 75 146 – Mikaela Parmlid (SWE) 77 69, Anne-Lise Caudal (FRA) 72 74, Laura Davies (ENG) 73 73, Sophie Giquel-bettan (FRA) 73 73 147 – Caroline Masson (GER) 71 76, Florentyna Parker (ENG) 70 77, Rebecca Hudson (ENG) 72 75, Hannah Burke (ENG) 73 74, Esther Choe (USA) 75 72, Anais Maggetti (CHE) 71 76, Lee-Anne Pace (ZAF) 73 74, Charlotte Ellis (ENG) 70 77 148 – Holly Aitchison (ENG) 74 74, Bree Arthur (AUS) 73 75, Tania Elosegui (ESP) 72 76, Trish Johnson (ENG) 75 73, Stacey Keating (AUS) 71 77, Joanna Klatten (FRA) 73 75 149 – Virginie Lagoutte-clement (FRA) 75 74, Carlota Ciganda (ESP) 73 76, Linda Wessberg (SWE) 73 76, Line Vedel (DNK) 76 73, Danielle Montgomery (ENG) 72 77, Henrietta Zuel (ENG) 73 76, Hannah Jun (USA) 74 75, Lucie Andre (FRA) 71 78, Julie Maisongrosse (FRA) 76 73, Carin Koch (SWE) 72 77 150 – Marieke Nivard (NLD) 76 74, Alexandra Vilatte (FRA) 74 76, Beth Allen (USA) 76 74, Ashleigh Simon (ZAF) 78 72, Cassandra Kirkland (FRA) 74 76 151 – Dewi Claire Schreefel (NLD) 77 74, Vikki Laing (SCO) 75 76, Caroline Rominger (CHE) 80 71, Lindsey Wright (AUS) 72 79 152 – Caroline Afonso (FRA) 77 75, Malene Jorgensen (DNK) 76 76, Carly Booth (SCO) 73 79, Connie Chen (ZAF) 77 75, Stefania Croce (ITA) 76 76, Celine Palomar (FRA) 74 78, Miriam Nagl (GER) 74 78, Caroline Martens (NOR) 76 76, Rachel Jennings (ENG) 80 72, Marianne Skarpnord (NOR) 76 76 153 – Georgina Simpson (ENG) 74 79, Jaclyn Sweeney (USA) 77 76, Melissa Reid (ENG) 76 77, Smriti Mehra (IND) 79 74, Rachel Bailey (AUS) 79 74, Sarah Kemp (AUS) 73 80, Felicity Johnson (ENG) 77 76, Maria Verchenova (RUS) 78 75, Lotta Wahlin (SWE) 77 76, Anja Monke (GER) 74 79 Missed the cut: 154 – Marjet Van Der Graaff (NLD) 79 75, Giulia Sergas (ITA) 75 79, Maria Hernandez (ESP) 80 74, Emma Cabrera-bello (ESP) 74 80, Sophie Walker (ENG) 75 79, Tandi Cuningham (ZAF) 79 75, Nikki Garrett (AUS) 77 77, Elisabeth Esterl (GER) 77 77, Veronica Zorzi (ITA) 75 79, Gwladys Nocera (FRA) 80 74 155 – Jenni Kuosa (FIN) 75 80, Carmen Alonso (ESP) 79 76, Elena Giraud (FRA) 80 75, Kylie Walker (SCO) 79 76, Becky Brewerton (WAL) 77 78, Kym Larratt (ENG) 80 75, Kiran Matharu (ENG) 78 77, Laurette Maritz (ZAF) 76 79, Margherita Rigon (ITA) 77 78 156 – Lucy Williams (ENG) 78 78, Chrisje De Vries (NLD) 78 78, Jessica Yadloczky (USA) 76 80, Sahra Hassan (WAL) 75 81 157 – Stacy Lee Bregman (ZAF) 76 81, Mireia Prat (ESP) 79 78, Dawn Shockley (USA) 74 83, Laura Cabanillas (ESP) 78 79, Liebelei Lawrence (LUX) 78 79, Valentine Derrey (FRA) 73 84, Julie Greciet (FRA) 76 81, Becky Morgan (WAL) 75 82 158 – Steffi Kirchmayr (GER) 81 77, Maria Beautell (ESP) 82 76, Karen Lunn (AUS) 74 84, Sophie Sandolo (ITA) 82 76 159 – Helen Alfredsson (SWE) 80 79, Caroline Westrup (SWE) 80 79, Klara Spilkova (CZE) 79 80, Elizabeth Bennett (ENG) 80 79, Danielle Mcveigh (IRL) 80 79, Lisa Holm Sorensen (DNK) 78 81, Stephanie Na (AUS) 78 81, Rebecca Codd (IRL) 84 75 160 – Clare Queen (SCO) 81 79, Zuzana Kamasova (SVK) 82 78, Louise Stahle (SWE) 78 82 161 – Titiya Plucksataporn (THA) 83 78, Lydia Hall (WAL) 78 83 162 – Martina Eberl-ellis (GER) 84 78, Sharmila Nicollet (IND) 83 79, Nicole Gergely (AUT) 81 81 163 – Frances Bondad (AUS) 78 85 164 – Nina Syvertsen Reis (SWE) 84 80, Rebecca Artis (AUS) 82 82 166 – Lynn Kenny (SCO) 82 84 167 – Yasemin Sari (TUR) 84 83 168 – Eleanor Givens (ENG) 85 83 RTD: Lynnette Brooky (NZL), Tara Davies (WAL), Benedicte Toumpsin (BEL) England teenage star Charley Hull finished fifth in her first Ladies European Tour event, the Turkish Airline Ladies Open at the National Golf Club in Belek, Antalya. The 16-year-old international, who is third in the world amateur rankings, was one-under par after steady rounds of 73, 72, 73 and 73. The championship was won, for the second year in a row, by Christel Boeljon of Holland who was seven-under. Afterwards Charley said: “I’m really happy I came fifth on my own and I didn’t shoot over par at all, all week. I didn’t expect anything: I just go out there and play golf and have fun, which I did.” The Woburn player was in the mix throughout the tournament. After the first round she was three shots off the pace, at the halfway stage she was two off the lead and sharing fourth place. With a round to go, she was tied eighth and her solid play in the final round moved her up the leaderboard to fifth. Last month Charley played in the first women’s Major of the season, the Kraft Nabisco Championship in California and impressively finished tied 38th. Now, she will prepare for next month’s Curtis Cup match against the USA, which takes place at Nairn, Scotland, from June 8-10. Turkish Airlines Ladies Open Final scores (Par 73) 285 – Christel Boeljon (NLD) 70 73 69 73 288 – Ursula Wikstrom (FIN) 73 70 71 74 290 – Carin Koch (SWE) 72 77 68 73, Carlota Ciganda (ESP) 73 76 66 75 291 – Charley Hull (ENG) 73 72 73 73 292 – Minea Blomqvist (FIN) 72 72 70 78, Holly Aitchison (ENG) 74 74 70 74, Pernilla Lindberg (SWE) 70 75 74 73 293 – Hannah Jun (USA) 74 75 71 73, Sophie Giquel-Bettan (FRA) 73 73 74 73 294 – Diana Luna (ITA) 70 75 72 77 295 – Danielle Montgomery (ENG) 72 77 72 74 296 – Louise Larsson (SWE) 75 70 73 78, Esther Choe (USA) 75 72 77 72, Line Vedel (DNK) 76 73 68 79 297 – Bree Arthur (AUS) 73 75 72 77, Rebecca Hudson (ENG) 72 75 71 79, Miriam Nagl (GER) 74 78 74 71 298 – Laura Davies (ENG) 73 73 78 74, Sarah Kemp (AUS) 73 80 68 77, Anne-Lise Caudal (FRA) 72 74 75 77, Caroline Masson (GER) 71 76 76 75 299 – Lindsey Wright (AUS) 72 79 71 77, Stacey Keating (AUS) 71 77 78 73, Lee-Anne Pace (ZAF) 73 74 74 78, Hannah Burke (ENG) 73 74 75 77, Joanna Klatten (FRA) 73 75 75 76, Trish Johnson (ENG) 75 73 73 78, Ashleigh Simon (ZAF) 78 72 71 78, Felicity Johnson (ENG) 77 76 72 74 300 – Anais Maggetti (CHE) 71 76 80 73, Linda Wessberg (SWE) 73 76 75 76, Lucie Andre (FRA) 71 78 74 77, Marieke Nivard (NLD) 76 74 72 78, Marianne Skarpnord (NOR) 76 76 74 74 301 – Stefania Croce (ITA) 76 76 76 73, Mikaela Parmlid (SWE) 77 69 79 76, Malene Jorgensen (DNK) 76 76 74 75, Melissa Reid (ENG) 76 77 69 79, Charlotte Ellis (ENG) 70 77 77 77, Henrietta Zuel (ENG) 73 76 75 77 302 – Cassandra Kirkland (FRA) 74 76 75 77, Anja Monke (GER) 74 79 76 73 303 – Carly Booth (SCO) 73 79 78 73, Dewi Claire Schreefel (NLD) 77 74 76 76 304 – Julie Maisongrosse (FRA) 76 73 80 75, Rachel Bailey (AUS) 79 74 73 78, Jaclyn Sweeney (USA) 77 76 73 78, Celine Palomar (FRA) 74 78 80 72, Georgina Simpson (ENG) 74 79 69 82 305 – Vikki Laing (SCO) 75 76 77 77, Rachel Jennings (ENG) 80 72 76 77, Lotta Wahlin (SWE) 77 76 75 77, Maria Verchenova (RUS) 78 75 76 76 307 – Florentyna Parker (ENG) 70 77 77 83, Beth Allen (USA) 76 74 79 78 309 – Caroline Martens (NOR) 76 76 75 82 310 – Alexandra Vilatte (FRA) 74 76 74 86, Caroline Afonso (FRA) 77 75 78 80, Virginie Lagoutte-clement (FRA) 75 74 82 79 311 – Smriti Mehra (IND) 79 74 81 77 312 – Caroline Rominger (CHE) 80 71 84 77 313 – Tania Elosegui (ESP) 72 76 80 85 315 – Connie Chen (ZAF) 77 75 80 83   11 May 2012 Teen star Charley Hull fifth in LET event last_img read more


Westport Winery Earns Best In Class At Capitol Food and Wine…

first_imgSubmitted by Westport WineryWestport Winery earned three medals including a Best in Class at the 2015 Capitol Food and Wine Festival held on March 28, in Lacey, Washington.Rapture of the Deep, Westport’s iconic sparkling cranberry wine, earned a gold medal and was named Best Fruit Wine at the event. A portion of the proceeds from this wine benefits Aberdeen’s Driftwood Theater.Smoky Nor’wester earned gold medal. This wine is composed of 95% Sangiovese from Red Willow Vineyard in the Yakima Valley AVA and 5% Petite Sirah from Jones Vineyard on the Wahluke Slope. This wine benefits the Museum of the North Beach in Moclips.Elk River Riesling won a bronze medal. These grapes also come from Red Willow Vineyard. This wine benefits the Twin Harbors Chapter of the Rocky Mountain Elk Foundation.Westport Winery’s award-winning wines are exclusively available at the winery. The tasting room, gift shop, produce market, plant nursery and bakery are open daily from 11 a.m. to 6 p.m. The restaurant is open for lunch daily from 11 a.m. to 4 p.m. and for dinner on Friday and Saturday from 4 p.m. to 8 p.m. For more information contact Westport Winery at 360-648-2224 or visit the website at www.westportwinery.com.Launch spring at the winery’s unique sculpture garden, lavender labyrinth, musical fence, 9-hole executive golf course, giant chess set, outdoor scrabble game, and grape maze, all located on the corner of Highway 105 and South Arbor Road halfway between Aberdeen and Westport. You will see why Westport Winery was named Best of the Northwest Wine Destination. Facebook0Tweet0Pin0last_img read more