Global law firm King & Wood Mallesons has advised Telstra on its strategic corporate restructure. Firm: King & Wood Mallesons (Telstra). Deal: Telstra has been advised on its corporate restructure.
City Council vote on spending American Rescue Plan funds on hold
City Council vote on spending American Rescue Plan funds on hold By Mike Schell | May 11, 2021 at 6:28 PM EDT - Updated May 11 at 6:28 PM
CINCINNATI (FOX19) - Cincinnati City Council’s Budget and Finance Committee was supposed to start the process of approving $35 million in federal funds, but that is now on hold.
It now appears City Council is not exactly sure yet what it can spend the American Rescue Plan money on.
“At the very end [of Tuesday’s meeting] we heard from the administration, their take on the final guidance from the Treasury Department on what we can spend this money on, and it really did cause us to pause and have a bit of a reality check,” said Interim Council Member Steve Goodin.
Nearly 100 organizations competing for Cincinnati s remaining pandemic relief funds
The City Council Budget and Finance Committeeâs agenda on Tuesday was 40 pages long, front and back, loaded heavy with local organizations requesting a portion of the cityâs remaining American Rescue Plan funds.
and last updated 2021-05-11 21:26:57-04
CINCINNATI â The City Council Budget and Finance Committeeâs agenda on Tuesday was 40 pages long, front and back, loaded heavy with nearly 100 local organizations requesting a portion of the cityâs remaining American Rescue Plan funds.
Narrowing it down will be difficult, committee chair David Mann said Tuesday, even after eliminating the groups that donât qualify under new federal guidelines. Council is required to allocate the money to pandemic-related projects, including making up lost revenues, and canât keep it to build the cityâs reserve.
Boards brace for âsay on climateâ resolutions
The global trend for shareholder input on companiesâ green transition plans is expected to feature during the mini annual general meeting season.
Rio Tinto has given investors an advisory vote on climate. Â
Reuters
Apr 7, 2021 â 10.22am
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Boards are bracing for a wave of âsay on climateâ resolutions this meetings season, as banks and other big companies consider joining Rio Tinto, Santos and Woodside in giving investors an advisory vote on the issue in the same way as pay.
The âsay on climateâ votes â being pushed by British billionaire activist-investor turned climate warrior Christopher Hohn â is being backed locally by the influential Australian Council of Superannuation Investors. Proxy advisers are considering their position.
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