3i in £18.3m deal for MIM

first_img Share 3i in £18.3m deal for MIM Private equity group 3i is to buy debt management business Mizuho Investment Management in an £18.3m deal.3i has agreed to but 100 per cent of the shares in business Mizuho Investment Management (MIM).MIM specialises in the management of funds raised to invest in senior and subordinated corporate debt, providing investment advisory services in return for fees.It has 28 staff and has rub eight funds totalling more than £4bn since 2005 and had £3.7bn of assets under managementat 31 March 2010.3i’s existing debt management activities will be merged with MIM to form a distinct business line, 3i Debt Management.Jeremy Ghose, chief executive officer (CEO) of MIM will become Managing Partner and Chief executive of 3i DM and will join 3i’s leadership team.3i group chief executive Michael Queen said: “There is an excellent cultural fit with 3i and the expanded business will create an enhanced debt platform to grow profitably into the future.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailDrhealth35 Foods That Should Never Be Placed in the RefrigeratorDrhealthDaily Sport XHe Was A Legendary Actor – Today He Works 9 To 5Daily Sport XHealth ClipboardRemember Raquel Welch? ThIs Is Her NowHealth ClipboardBig Data Courses | Search AdBig Data Online Courses Might Be Cheaper Than You ThinkBig Data Courses | Search AdOceandrawRemember Him? Wait ‘Till You See Him NowOceandraw Monday 27 September 2010 2:54 am whatsapp Tags: NULLcenter_img Show Comments ▼ John Dunne whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com last_img read more

Sportradar renews integrity deal with Asian Football Confederation

first_imgSports betting Subscribe to the iGaming newsletter Sports data services provider Sportradar has renewed its long-term integrity partnership with the Asian Football Confederation (AFC) until 2023.The relationship, which began in 2013, will now run at least until the continental governing body holds its Asia Cup China 2023 tournament.Sportradar will continue to support the AFC Integrity Unit with the Intelligence and Investigation Services (I&I), with the aim of building on the work that the two bodies have done over the past seven years.The partnership has developed to include multi-faceted approaches to tackle a range of integrity issues, backed by Sportradar’s global team of integrity experts and over 20 analysts and investigators at integrity hubs in Manila, Sydney and Singapore.Stand-out achievements from the partnership include the AFC Integrity Unit last year issuing life bans against four Central Asian players for match-fixing within AFC competitions in 2017 and 2018.In addition, the AFC in 2017 launched its integrity mobile application, allowing fans, players and officials to report concerns directly to the AFC Integrity Unit. As part of the extended deal, the app will be upgraded to enable users to also report doping, bullying and harassment incidents.“Sportradar have been a valued and trusted partner of ours since 2013, and we are very proud of what we have accomplished together to help protect the integrity of Asian football,” AFC president Shaikh Salman bin Ebrahim Al Khalifa said.“However, we cannot stand still and become complacent, that is why our cooperation has evolved over the years to include detection, safeguarding, prevention and reporting measures. Through this, Asian football has the level of integrity protection that befits our loyal and passionate fans across the continent.”Sportradar chief executive Carsten Koerl added: “Our partnership has been characterised by action and innovation in the fight against match-fixing, and strong cooperation has been central for this. From day one, the AFC have sought to make integrity their top priority, and this has led to many positive results, including a clear decline in match-fixing issues across Asia.“We look forward to continuing our close working relationship with the AFC over the coming years and playing an even bigger role in helping to uphold the integrity of Asian football.”The renewal comes after Sportradar this week also extended a deal with Tennis Australia to continue to offer data content, encoding technology and integrity services to Australia’s tennis body. Regions: Asia Topics: Sports betting Strategy Sportradar renews integrity deal with Asian Football Confederationcenter_img Sports data services provider Sportradar has renewed its long-term integrity partnership with the Asian Football Confederation (AFC) until 2023. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th January 2020 | By contenteditor Email Addresslast_img read more

Vivo Energy Mauritius Limited (SHEL.mu) 2011 Annual Report

first_imgVivo Energy Mauritius Limited (SHEL.mu) listed on the Stock Exchange of Mauritius under the Energy sector has released it’s 2011 annual report.For more information about Vivo Energy Mauritius Limited (SHEL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Vivo Energy Mauritius Limited (SHEL.mu) company page on AfricanFinancials.Document: Vivo Energy Mauritius Limited (SHEL.mu)  2011 annual report.Company ProfileVivo Energy Mauritius Limited is a subsidiary of Vivo Energy Mauritius Holdings B.V. and offers liquefied petroleum gas in various cylinder sizes and bulk for domestic, commercial and industrial applications, supplies transport and industrial fuels, lubricants and greases to business-to-business customers. In addition, the company provides a range of lubricants for the automotive, marine, and industrial applications as well as markets aviation jet fuel, provides marine fuel oil, marine gasoil, and shell lubricants. Vivo Energy Mauritius Limited is listed on the Stock Exchange of Mauritius.last_img read more

Apopka Teenager Missing in Washington State

first_img The Anatomy of Fear Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply TAGSKatelynn BarlowMissing Teenager Previous articleOn this Day: Americans Land on the MoonNext articleBudget Workshop #1 – Priorities, Concerns and Observations Denise Connell RELATED ARTICLESMORE FROM AUTHOR SKAGIT COUNTY, Wash. — Authorities in Washington State are searching for a missing endangered 14-year-old Apopka girl who was last seen Sunday night. Katelynn Barlow, a student at Piedmont Lakes Middle School, was with her family visiting relatives in the Big Lake area of Washington State, according to the Skagit County Sheriff’s Office. She was last seen at the home they were staying in late Sunday.Barlow is  5′ 1″ tall, red hair, blue eyes and 120 pounds. On Tuesday, The FBI  Child Abduction Rapid Development Team joined the Skagit County Sheriff’s Office in the search for Barlow. Both agencies are calling her case an endangered missing person and are not labeling this as an abduction.The county sheriff’s office says Barlow walked out of her family’s cabin at Big Lake at about 10:30 p.m. Sunday and has not been seen since.Her phone was found at the Smokey Point rest stop in Snohomish County, which is about 45 minutes away from the family cabin at Big Lake. She was barefoot and wearing only pajamas and a tank top when she walked outside.Anyone with information is asked to call the Skagit County Sheriff’s Office at 360-428-3211.  The family is also accepting tips at (407) 516-6696. You have entered an incorrect email address! Please enter your email address here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Please enter your comment! Please enter your name here Support conservation and fish with NEW Florida specialty license plate Save my name, email, and website in this browser for the next time I comment.last_img read more

Friday Funnies – Andrea Lo Cicero watch your back

first_imgFriday Mar 14, 2008 Friday Funnies – Andrea Lo Cicero watch your back This weekend we see Scotland meeting Italy in each teams final Six Nations match. So I figured, before the intensity of a great weekend of rugby begins, why not have a chuckle from last years match between the two sides an Edinburgh. As if being substituted isn’t bad enough, Andrea Lo Cicero found out the hard way that you probably shouldn’t turn your back on the field when heading towards the tunnel with a clearing kick on the way. It’s a good thing for scrum half Alessandro Troncon that big Lo Cicero’s back was turned and he couldn’t see who kicked it. Although, with accuracy like that, Troncon would have been telling all the boys that he hit him deliberately, while making sure that Le Cicero never found out of course. Have a great weekend!ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Funnies Related Articles 29 WEEKS AGO WATCH: American reacts to brilliant Nigel… 29 WEEKS AGO Video of John Kirwan apologising while wearing… 30 WEEKS AGO Simon Zebo reveals how ‘absolute lunatic’… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living10 Types of Women You Should Never MarryNueeyHere’s What That Tiny Hole Next to Your Iphone Camera Actually DoesNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Court upholds seven-year jail term for blogger Cu Huy Ha Vu

first_img News News VietnamAsia – Pacific Vietnam sentences journalist Tran Thi Tuyet Dieu to eight years in prison VietnamAsia – Pacific RSF laureates support jailed Vietnamese journalist Pham Doan Trang to go further News News A Hanoi appeal court today upheld the seven-year jail sentence that the dissident blogger Cu Huy Ha Vu received last April on a charge of anti-government propaganda. The public and media were barred from the courtroom but were able to watch the proceedings on a TV screen in an adjoining room.During today’s hearing, Cu said he had been the victim of a political trial and described his sentence as an act of “revenge” by Prime Minister Nguyen Tan Dung.——————————————————————————————–Cyber-dissident gets seven years for comments posted online04.040.2011Reporters Without Borders deplores the seven-year jail sentence that a Hanoi court imposed today on dissident Cu Huy Ha Vu on a charge of “propaganda against the state,” at the end of an unfair trial lasting just half a day.“Seventeen netizens are currently in prison in Vietnam for calling for democracy or a multi-party system,” Reporters Without Borders said. “This is the second highest number of jailed cyber-dissidents in the world.” The press freedom organization added: “We call on the authorities to end their harassment of dissidents, and to begin respecting free speech and the right of each citizen to freely express an opinion. Vu must be freed without delay.”Vu was arrested in November 2010 for posting comments online in support of a multi-party system and giving interviews to the websites of Voice of America and Radio Free Asia. He previously filed two complaints against Prime Minister Nguyen Tan Dung in connection with the country’s bauxite mining and a ban on collective claims in the courts.During his trial, he was constantly interrupted when he tried to defend himself and one of his lawyers was expelled from the courtroom. Only a handful of journalists were permitted to cover the trial via a video link from an adjoining room. A demonstration outside the court was broken up by the police.Vu is the son of the poet Cu Huy Can, who had close links to Ho Chi Minh, founder of the Vietnamese Communist Party.Vietnam is on the Reporters Without Borders list of “Enemies of the Internet”, which was updated on 12 March. April 22, 2021 Find out morecenter_img Follow the news on Vietnam Help by sharing this information August 2, 2011 – Updated on January 20, 2016 Court upholds seven-year jail term for blogger Cu Huy Ha Vu Three more independent reporters arrested in Vietnam RSF_en April 27, 2021 Find out more Receive email alerts Organisation April 7, 2021 Find out morelast_img read more

Gardai expected to give update over on-going operation in Burnfoot

first_img Important message for people attending LUH’s INR clinic Gardai expected to give update over on-going operation in Burnfoot Homepage BannerNews Community Enhancement Programme open for applications Gardai are to give an update this morning over an on-going operation being conducted on the Slab road in Burnfoot.The road was closed overnight and is expected to remain so for much of today.Diversions are in place via Bridgend.Details of the investigation have not yet been released but Gardai are expected to give a further briefing later this morning. News, Sport and Obituaries on Monday May 24th Twitter Facebook Twitter Google+ WhatsApp Google+center_img WhatsApp By News Highland – March 21, 2018 Previous articleNo decision on re-opening 19-bed Short Stay Ward until OctoberNext articleThe Crown producers respond to gender pay gap between Matt Smith and Claire Foy News Highland RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest Facebook Pinterest Nine til Noon Show – Listen back to Monday’s Programme Arranmore progress and potential flagged as population grows last_img read more

Escaped murder suspect added to 15 Most Wanted list ‘could be anywhere in the US’

first_imgTuscon Police Department via Facebook(PHOENIX) — A murder suspect who escaped custody with his wife by overpowering a transport team has been added to the Unites States Marshals’ 15 Most Wanted List.The move to include suspect Blane Barksdale on the 15 Most Wanted List provides more resources to develop leads as investigators push to find Barksdale and his wife, who have been on the run for over two weeks, Timothy Hughes, deputy chief of U.S. Marshal for the District of Arizona, said Monday.The reward for Blane Barksdale — a “career criminal” — has increased to $25,000 with his addition to the 15 Most Wanted List, authorities said, while Susan Barksdale has been elevated to a major case with reward of up to $10,000.“They could be anywhere in the U.S.,” David Gonzales, U.S. Marshal for the District of Arizona, said at a news conference Monday,Blane and Susan Barksdale, both suspects in the April murder of 72-year-old man in Tucson, were being transported from upstate New York to Pima County, Arizona, when they escaped on Aug. 26, authorities said.The Barksdales were in a transport van in Utah when they overpowered the two security guards, kidnapping them as well a third inmate who was in the van, said Gonzales.The Barksdales drove the van to Vernon, Arizona, where they obtained a pickup truck from an acquaintance, Gonzales said. The couple then ditched the van and drove off in the pickup truck and have not been seen since, Gonzales said.“We believe based on tips, calls into the Marshals Service from informants, from interviews, that the Barksdales were possibly east” of the Snowflake, Arizona, area, Gonzales said, where some people live “off the grid” and can easily “hide out.”“We spent almost two weeks … working this case around the clock since their escape,” Gonzales said. “We have not had any solid leads where they might be.”Authorities are now changing the direction of the investigation from a “rapid manpower search to an intense fugitive search,” Gonzales said.“Instead of having 40, 50 police officers, agents on the ground, we’re going to pull back a little bit, reset our investigation, go over other leads,” Gonzales said.The Barksdales are believed to be armed and dangerous and anyone with any information is urged to call the Marshal Service, Gonzales said.Susan Barksdale was not added to 15 Most Wanted List because her husband is the primary focus of the murder case, Gonzales said.The pickup truck is described as a red GMC Sierra with Arizona license plate number 127XTY. A $5,000 reward is also available for the pickup truck, Gonzales said.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Out is back in

first_imgOut is back inOn 18 Apr 2001 in Personnel Today Previous Article Next Article Comments are closed. Soit’s no use lamenting the demise of the traditional role of the HR manager.Instead we provide a guide to the new skills and competencies you need toacquire, By Jane LewisOutsourcingis back, big time. Not, of course, that it ever went away – it is always theresimmering away somewhere in the background – but we have reached another ofthose points in the business cycle where the outsourcing model is under intensescrutiny once again. Management consultants are openly referring to this newwave of activity as the second or even third-generation of outsourcing. The difference this time around is that theactivity has acquired a near-fanatical following in some quarters, perceivednot just as a practical answer to issues of cost, speed and efficiency, but asa key indicator of strategic intent. Outsourcing, or “partnership” as itnow known, has become an essential requirement of the horizontal business modelproposed by such prophets of new economy thinking as William H Davidow andMichael S Malone in The Virtual Corporation (1992) and Don Tapscott in DigitalCapital (2000), to name but a few.MostHR departments have long been keen outsourcers, at least in terms of certainspecific functions. In a recent survey, European Trends in HR Outsourcing,jointly conducted by researchers at the Cranfield School of Management andWilliam M Mercer, 77 per cent of respondents claimed they regularly outsourcedtheir training and development, and 59 per cent said the same of recruitmentand selection. Butfew in the profession will be unaware of the more wide-sweeping changes afoot,encapsulated perhaps by a new breed of provider – Exult, Xchanging,e-peopleserve – all of whom make a virtue of offering a “cradle tograve” service, incorporating the bulk of the HR administrative functionthroughout the employment cycle. And all of whom major on the strength of theirtechnological offering.”Theterritory for outsourcing in HR is expanding very quickly. It’s bigbusiness,” says Richard Finn, director at Penna Change Consulting.Andthere is evidence that even smaller, specialised outsourcers are seeking tocapitalise on the trend by moving into more general provision on the back ofarguments about the strategic gain of partnership.Certainlythe market is ripe for such exploitation. One of the most interesting points tohave emerged from the Cranet survey was the ad hoc nature of most HRoutsourcing in Europe. “Organisations are simply responding to immediatedemands by using providers more extensively in the areas that are directlyimpacted by [organisational change], such as recruitment andoutplacement,” it claimed. “This reflects a picture of shortshort-term opportunism…rather than long-term strategic sourcing.”Ifthe strategic gains of partnership are becoming firmly entrenched in the HRpsyche, it is likely that a secondary consideration will also spur the shifttowards outsourcing – namely the growing sense of economic uncertainty on bothsides of the Atlantic. “Ifwe do see a recession, I think many companies will look more closely atoutsourcing,” says Tony Green, a management consultant at Collinson Grant.Companies will be looking to find better ways of cutting costs. And one ofthose is moving into shared services.”Otherproviders are equally optimistic about the market’s potential for growthwhichever way the wider picture pans out. “We get business volume whenbusinesses are growing, and when they are contracting, because both meanincrea-sed movement,” says Andrew Finney, managing director of relocationspecialist HCR Countrywide Mobility. “Which-ever way the economic cycle isswinging, there’s potential for growth.”Nonetheless,the whole issue of outsourcing raises some difficult questions for any HRdepartment – not least because the historical instances of spectacular failureare at least as common as any out-and-out success story you may hear. One needonly look at the series of debacles that afflicted the UK public sector in the1990s – from botched systems at the DSS to that long hot summer of queues atthe Passport Office – to get the point. Fora more recent example of the damage that a poor “partnering” strategycan wreak, look no further than Railtrack, which outsourced the bulk of itstrack inspection and repair remit to outside contractors.Althoughit’s been some time since anyone compiled a really comprehensive report ofoutsourcing practice in the UK private sector, the results of a survey compiledby PA Consulting in 1996 speaks for itself. PA found that over half thecompanies it studied had not achieved their expected gains from outsourcing.And 39 per cent showed mediocre results. Only5 per cent achieved “outstanding success” – demonstrating thatoutsourcing is either not all it’s cracked up to be, or that it has beenmanaged ineffectively in most cases.Whatis clear is that outsourcing is no cop out. To work successfully any long-termpartnership needs careful consideration, constant monitoring and a very clearidea of where it is headed. AnyHR department contemplating the move will have to pose and answer some verytough questions about the future of the function in their own organisations,and whether they have the skills in place to manage this change. Herewe list some of the main new skills HR managers need to embrace if they are tomake a success of a partnering strategy. Even if you are currently unsure ofthe way forward your own company will take, it is worthwhile considering atleast some of these disciplines. You can’t begin to outsource until you have aclear idea of exactly where the department is now, and where it should be inthe future in relation to the rest of the business. But this is equally true ifyou decide to keep the bulk of HR services in-house.Eitherway you cannot lose by undertaking some of the preliminary spade work now. 1.Situation auditorThekey to any successful outsourcing strategy is self-knowledge. Yet, as ProfChris Brewster of Cranfield Management School, and co-author of the Cranetsurvey reports, “One of the clearest things we found is there is verylittle strategic thinking. It is easy to go into an outsourcing relationship onan opportunistic basis – to cut costs, say – but that says something fairlysignificant about HR. Of course there are cases where outsourcing has beenachieved coherently and sensibly, but in a lot of cases, companies are juststumbling in.”Thecardinal rule, therefore, is never to assume that outsourcing brings automaticbenefits. The business case for each outside contract has to be carefully made,with the cons studied as rigorously as the pros. Don’t saddle yourself withunrealistic expectations. It is the failure to be rigorous about this that ledto so many of the disappointments in outsourcing reported by the surveys.Asa preliminary step, you need to be in a position to define your requirementsvery tightly, and you cannot do that unless you have a clear understanding ofthe strengths and weaknesses of the HR operation as it currently stands. Youcannot expect to be able to monitor and assess an external partner’s record onperformance before you have ascertained your own.Whatis your argument for outsourcing? Is it economies of scale, or the need forspecialisation? Would outsourcing boost your company’s capacity for growth?Would it lead to a damaging internal brain drain? “Whenpackaging up stuff for outsourcing, there’s an issue about knowing where todraw the line,” says Angela Baron, policy adviser at the CIPD. “Eventhings that initially look easy to package, training and recruitment forexample, can be problematic. We know these are critical contributors tobusiness effectiveness, so if you do outsource them, you must be in a positionto give the outsourcer a very good brief. Be quite clear about what you want,otherwise you’ll end up with a standardised, one-size-fits-all service.”Thenassess the risks inherent in the move. As one commentator remarks: “Thereis a risk that by losing control of key activities, the company will restrictits capacity to exploit new opportunities in the future. In a fast-changingindustry, the definition of core business must be revisited on a continuousbasis.” But consider that this need for flexibility has to be balanced againstthe clear productive advantages inherent in striking long-term relationshipswith suppliers.Thebottom line, says Brewster, is that you need to ask if partnership is right foryou. “People are right to be sceptical about the notion of longer-termpartners. The danger is you find yourself in a partnership that isuncompetitive. Particularly when (as is happening more frequently), you end upsharing the same partner as a competitor.”Aboveall, retain control of the decision. Another interesting finding of the Cranetsurvey was the extent to which HR has allowed itself to be walked over in termsof outsourcing strategies. “Outsourcing is often a business decision madeby senior management, and is outside the control of the function impacted. Itappears that where top management actively evaluates the performance of the HRfunction, outsourcing is more common.”Finally,you must have vision. As Finn at Penna Change Consulting remarks, “Theoutsourcing process is about understanding where HR will be in the future. Youdon’t outsource until you know the HR strategy. And that’s a lot more thansaying we add value to the business. You have to ask, ‘How are we best going tomanage for value in HR?’”2.NegotiatorRoutineoutsourcing contracts either run out, or can be terminated with relative ease.But this is not what we’re talking about here. Strategic, long-termpartnerships, often involving millions of pounds, need very carefulconsideration. If you are to be locked into a relationship for some time youneed to be absolutely sure it is the right one. Consequently, negotiationskills – and the ability to second-guess and make provision for potentialdisaster – are critical.But,as Green suggests, these kind of hard-nosed skills are not common in theprofession. “The negotiating skills in a purchasing environment are verydifferent to negotiation skills needed in other areas of HR,” he says. Asa preliminary step, therefore, it might be a good idea to take advice from otherdepartments. Thenget yourself a good lawyer. “The key thing to any successful relationshipis a real understanding of the contractual issues,” says Margaret Harvey,partner in technology at solicitors Addleshaw Booth & Co – and Exult’sadviser during its negotiations with BP Amoco. Her advice is to ensure youunderstand the objectives before you even think about putting a contracttogether, work out how the arrangement will be managed, and think about theend. “A lot of companies don’t do this, but the end is as critical as thebeginning,” she says.Outsourcingproviders will be quick to offer their own advice about the detail of yourcontract, but you’d be foolish to rely on that alone. “The onus is on youto mitigate all the risks you can think of by putting a good contract togetherwith a supplier,” says one commentator. “I am not talking about afive-page contract. It needs to be more like a five-book contract.”Areasyou need to focus on include: setting clear performance criteria, drawing upcomprehensive service level agreements, and clearly assigning liability. Youmust be prepared to ask any potential outsourcer “to provide illustrationsof how the model will work, and what the cost/benefits would be”, he adds.You also need to be able to negotiate internally. According to one commentator:”I would walk away from a deal that did not have the support of seniorleadership.”Harveysuggests that a degree of tactical finesse is necessary in any contractualnegotiation. “There are some issues about handling the negotiations to getthe best deal and make sure you’re not hoodwinked – and then also managing therelationship. You need to think tactically about how you divide up those roles.It’s very difficult when you’re the relationship person, and you also have tobe the tough one doing the negotiation, building all the rigour and disciplineinto the relationship.” Although you would be foolish to make price theultimate factor in any negotiation, you must be prepared to argue for value formoney.Finally,consider the Armaggedon situation. Build into the contract provision for ifyour supplier goes out of business, is bought by another, signs up one of yourcompetitors, and so on. Keep yourself in the picture. Insist on ongoingreporting, the right to go in and audit your outsourcer, and the right todevelop and maintain procedures.3.Performance manager/ Information analystOneof the best things about outsourcing is that it forces companies to adopt goodpractice that might otherwise be lacking – and performance management is aclassic example of this. The Cranet survey found clear links between the twodisciplines: companies that use outsourcers extensively also tended to haveestablished clear measurement systems for their HR function – assessing performancein terms of business scorecard similar tools. As a result, they were muchbetter informed about their own cost structures on process basis. “Ifyou’re going to make these things work, you need to be able to combine closepartnership with a very cool, hands-off approach to performance issues,”claims Brewster. “You’ve got to be able to manage the matrix of usingsuppliers,” adds Green at Collinson Grant. “It’s not simply aquestion of reducing costs, but also of managing the quality of the service onan ongoing basis. Unless the resident HR manager has got some kind of plan formanaging that, he/she’ll be lost.”Butthis is no easy feat to get right. One of the main difficulties facing any HRfunction is deciding exactly what you plan to measure in the first place. AsGreen points out, “You’ve got to find a way of measuring the outsourcer’sperformance by certain fixed criteria, but also at looking at how they manageperformance measurement in terms of assessing your own staff.” And it’s importantto enshrine what ever you do decide into the terms of the SLA. “Place inthe contract an obligation to provide the information you need, on apredetermined regular basis, and in the format you need it,” is Harvey’sadvice. Oneof the main problems thrown up by outsourcing is knowledge management. And eventhe most ardent proponents of outsourcing advise that you proceed with care onthis point. “If it’s true that the skills in an organisation are the keyto competitive advantage and that knowledge management is the way forward, thento put all that in someone else’s hands is decidedly dangerous,” saysBrewster at Cranfield. “You may end up totally dependent on these peopleand their goodwill and capacity.”Considera company like BP, which now outsources some 70 per cent of its total costs. Asone commentator remarks, “That means the ‘loss’ of one hell of a lot ofknowledge and information, so you’ve got to be able to manage the situation oryou risk disaster.”Certainly,you could take the view that it is better to keep in-house the skills andknowledge you consider critical to your organisation’s strategic way forward,and/or competitive edge. But in many cases, that would defeat the entirestrategic object of the partnering arrangement. Consequently, many organisationsattempt to strike a compromise, balancing trust with eternal vigilance and aconstant flow of accurate information about the fulfilment of yourrequirements.4.Customer serviceBythis we mean how you go about ensuring the move into outsourcing HR service isachieved with minimum disruption to your own workforce – a process whichexperience suggests can be fraught with difficulty. “Most HR departmentshave a fairly shrewd idea of what line managers want,” claims Brewster.But that could be in active conflict with what you hope to achieve with yournew partnership arrangement. It goes without saying the attitude of your ownemployees will be critical to the success of the venture, and that internaldivision needs to be avoided. But that is easier said than done.Althoughmany HR departments have coped with successive waves of outsourcing, few haveactually had to manage the process with reference to their own departments. Andthat can pose problems in its own right. As Finney at HCR Countrywide Mobilitypoints out, “The most difficult thing emotionally for people in HR isletting go. There is a perception that in outsourcing something, you’rethreatening your own job.” Or, if not your own, then certainly that ofsomeone else close to you. To many people outsourcing is synonymous withoutplacement – and with good reason. Thebest means of tackling the issue, as with any in which personal security is atstake, is to be as open as possible about the arrangements you intend to make.Spell out exactly why you intend to outsource a particular function and whatyou hope its benefits will be to the overall organisation – but don’t shirkfrom addressing exactly what effect the move will have on individuals. In otherwords, boost morale, but don’t do it at the expense of the truth.5. Culture/brand managerAcommon worry afflicting those embarking on full-scale outsourcing is the movewill in some way dilute or change the culture and brand of their organisation.It would be foolhardy to deny that any deal you strike won’t have some impact –particularly given the blurring of the boundaries that management experts claimis critical to a successful partnership.”Theproblem with outsourcing is encapsulated in the question ‘Whose brand are youlooking at?’ The outsourcer will have their own. To what extent do you takethis on board?” claims Brewster. Thereclearly needs to be someone in the organisation capable of taking an overallview, someone who understands the prevailing culture and internalinterdepartmental workings. This role naturally falls to the HR manager. One ofthe main risks of outsourcing is a lack of internal focus and communication –particularly in terms of ensuring continued communication with otherdepartments (often themselves outsourced). This, with hindsight, is one of themain problems that afflicted an organisation like Railtrack.Whenit comes to cultural issues, the actual choice of partner is clearly critical.Although many successful arrangements have been struck between organisations that,on paper at least, look markedly different, they have all been characterised bya certain common purpose. “You need to ask, is this company sympathetic tothe aims and visions of your organisation and, most importantly, do you feelcomfortable working with them,” says Angela Baron at the CIPD.Interms of branding, many experts suggest that if the relationship is intended tobe long term in scope, you make a virtue of your common links. In defining hisvision of internetworked business webs of separate companies, Tapscott talksabout the importance of establishing a shared set of values and brand. The carmanufacturer Ford and its dealers are a good example of this. Moreover,sometimes the addition of an outsourcer’s brand can be a very positive thing. Considerall those PC manufacturers who did very well out of the “IntelInside” campaign.Thebottom line is that, before embarking on any relationship, you need to identifyand spell out to the supplier which aspects of your company culture andbranding you consider critical to retain. It might be soft, but it could makethe difference between make or break.BPAmoco’s decision to outsource a major part of its global HR operations has beenwatched with interest by the industry. So how has this symbiotic relationshipof two companies with very different cultures worked out? See The odd coupleproduce model for HR outsourcing. And in a second case study, energy servicingfirm PIL takes a very hard-nosed attitude to finding an outsourcing partner.See PIL gets tough over outsourcing partnership with Capita. Jane Lewis reportson both cases at:www.personneltoday.com/features Related posts:No related photos.last_img read more

Climate since AD 1510 on Dyer Plateau, Antarctic Peninsula: evidence for recent climate change

first_imgA 480 year record of the oxygen-isotope ratios, dust content, chemical species and net accumulation from ice cores drilled in 1989 90 on Dyer Plateau in the Antarctic Peninsula is presented. The continuous analyses of small (sub-annual) samples reveal well-preserved annual variations in both sulfate content and δ18O, thus allowing an excellent time-scale to be established. This history reveals a recent pronounced warming in which the last two decades have been among the warmest in the last five centuries. Furthermore, unlike in East Antarctica, on Dyer Plateau conditions appear to have been fairly normal from AD 1500 to 1850 with cooler conditions from 1850 to 1930 and a warming trend dominating since 1930. Reconstructed annual layer thicknesses suggest an increase in net accumulation beginning early in the 19th century and continuing to the present. This intuitive conflict between increasing net accumulation and depleted δ18O (cooler climate) in the 19th century appears widespread in the peninsula region and challenges our understanding of the physical relationships among moisture sources, air temperatures and snow accumulation. The complex meteorological regime in the Antarctic Peninsula region complicates meaningful interpretation of proxy indicators and results in a strong imprint of local high-frequency processes upon the larger-scale climate picture.last_img read more