Leadership Transition at Division of Investment Announced May 12, 2021, 2:15 pm | in
Leadership Transition at Division of Investment Announced
(TRENTON) – New Jersey Department of the Treasury’s Division of Investments Director Corey Amon announced Tuesday that he is resigning his position, effective June 4, to pursue a new opportunity. Shoaib Khan, Deputy Director of the Division, will serve as Acting Director following Amon’s departure to ensure a seamless transition in order to protect the retirement of hundreds of thousands of public employees.
“Corey’s hard work and commitment have placed the Division in a strong position as we begin to emerge from the COVID pandemic. His dedication to pension fund members and the way he honored his fiduciary duty has been commendable. We are thankful for his service and wish him all the best as he embarks on the next chapter of his career,” said
Ukraine, U.S. to hold Trade and Investment Council - Trade Representative 2 min read
Deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka and U.S. Trade Representative Katherine Tai agreed to hold a Trade and Investment Council. We talked about the need to strengthen dialogue on climate change, non-tariff rules for industrial and food products both in the context of strengthening the World Trade Organization (WTO) and on the bilateral track. We agreed to hold a Council on Trade and Investment and talk, Kachka wrote on Facebook on Wednesday following a discussion with Tai on key trade issues held on May 11.
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Boris Johnson’s new investment council includes a subsidiary of a German energy giant that is suing the Netherlands for €1.4bn for phasing out coal.
The Investment Council, which launched last month to drum up foreign investment into the UK, has talked up the importance of ‘sustainable’ investment and ‘green industries’ ahead of the COP26 Climate Summit.
But the council’s advisers include RWE Renewables, whose parent company took the Netherlands to a World Bank arbitration tribunal after the Dutch government decided to phase out coal.
The government’s announcement of this new advisory body quoted RWE Renewables CEO Anja-Isabel Dotzenrath saying that “the council will create the right framework for sustainable investment” in the UK.
Venture capital tax breaks under review
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The federal government will review venture capital tax breaks, raising hopes in the industry that the incentives will be broadened to entice investment.
Buried in the government’s digital economy strategy measures announced on Thursday was a pledge to review the venture capital tax concession programs to “ensure the programs are fit-for-purpose and support genuine early-stage Australian start‑ups”.
Under the current Venture Capital Limited Partnerships rules, investors funding venture capital fund-backed businesses valued at up to $250 million are eligible for tax breaks.
Australian Investment Council chief executive Yasser El-Ansary said the valuation threshold was too low and needed to allow venture capital backed businesses to grow bigger.
Women, minorities and LGBTQ people must get half of seats on state boards under proposed bill
Updated 11:19 AM;
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New Jersey’s most powerful elected officials the Governor, Senate President and Assembly Speaker would be required to appoint more women and minorities to public boards and commissions under a bill a state lawmaker said she will sponsor to eliminate the persistent gender imbalance in state government.
Assemblywoman Yvonne Lopez, D-Middlesex, told NJ Advance Media she is rewriting legislation she introduced in February that would have made gender and race a primary factor in selecting who should sit on state boards. The new version of her bill will be more “aggressive” and mandate that women, minorities and LGBTQ people make up at least 50% of boards, commissions and task forces.