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NACD BLUE RIBBON COMMISSION REPORT TO HELP BOARDS LEAD IN AN ERA OF PROFOUND DIGITAL AND DATA-DRIVEN TRANSFORMATION

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Report brings together expertise from 24-member Commission, led by AMD Lead Independent Director Nora Denzel and Best Buy Board Chair David Kenny

WASHINGTON, Oct. 7, 2024 /PRNewswire/ — Today, the National Association of Corporate Directors (NACD) released its 2024 NACD Blue Ribbon Commission report, “Technology Leadership in the Boardroom: Driving Trust and Value” , to help corporate boards navigate the promise of technology and data-driven innovation—as well as the blistering pace of change – that are central to companies’ growth strategies.

This report comes at a critical moment in time as boards are challenged with capturing the opportunities presented by rapidly evolving technologies while also managing new risks. In fact, NACD’s 2024 Public Company Board Practices Oversight Survey reported that only 34% of directors say the board and management are “strongly aligned” on the company’s vulnerability to the impact of transformative technologies.

The Report reflects the expertise and insights of a 24-member Commission – governance leaders, investors, and subject-matter experts representing more than 70 boards – that explored how the board’s oversight of technology and data can drive both trust and value.  Launched today at the NACD Directors Summit™, the report includes specific recommendations for strengthening technology leadership in the boardroom, tools boards can apply immediately to address the challenges and opportunities posed by rapid technological advances, including AI, clean energy, robotics, and quantum computing.

“The rapid pace of change and rising trust concerns are complicating board governance around transformative technologies. This year’s NACD Blue Ribbon Commission Report highlights critical risks for boards: irrelevancy, compressed timelines, innovation versus expertise, stakeholder trust, and fragmented regulation,” said Nora Denzel, co-chair of the NACD Blue Ribbon Commission. “Boards must strengthen oversight, deepen insight and develop foresight along with adopting a strategy-centered approach that balances risk and opportunity.”

Boards can enhance their technology governance not through a dramatic overhaul of their own workings, but by adapting their fundamentals, including their structure, composition, agenda setting and reporting metrics. The 2024 Blue Ribbon Commission encourages boards to implement the recommended actions in this report, regardless of their maturity level, to improve technology governance. Directors are urged to adopt a “learn-it-all” mindset.

“While many companies are managing the risks of macro-level uncertainty, the biggest technology risk now is failing to adopt emerging technology. To make informed decisions for the future, we must challenge management’s core assumptions about customers, competitors, and our own capabilities,” said David Kenny, co-chair of the NACD Blue Ribbon Commission. “Boards face a tough balancing act: they need to encourage management to innovate quickly while also acting as a steward of hard-earned trust with both customers and shareholders.”

The report toolkits include contributions from NACD, KPMG, Russell Reynolds Associates, Pearl Meyer and Sidley Austin LLP.  An executive overview of the Report is available here (LINK).

NACD President and CEO Peter Gleason added, “This report is a continuation of NACD’s deep expertise in technology, including AI and cybersecurity. It provides a practical blueprint with detailed recommendations focused on three core imperatives, along with a toolkit to support implementation. This moment demands greater technology focus and strategic leadership from every director.”

More information on all the 2024 Commissioners can be found on the Blue Ribbon Commission website.

10 Recommendations for Technology Leadership in the Boardroom

Strengthen Oversight

Upgrade board structures for technology governance.Clearly define the board’s role in data oversight.Define decision-making authorities for technology at board and management levels.Ensure trustworthy technology use by aligning it with the organization’s purpose and values.

Deepen Insight

Establish and maintain necessary technology proficiency among the board.Evaluate director and board technology proficiency.Ensure appropriate and clear metrics for technology oversight.

Develop Foresight

Recognize technology as a core element of long-term strategy.Design board calendars and agendas to ensure appropriate focus on forward-looking discussions.Enable exploratory board and management technology discussions.

About NACD
The National Association of Corporate Directors® (NACD®) is the leading member organization for corporate directors who want to expand their knowledge, grow their network and maximize their potential. For more than 47 years, NACD has helped boards and the business community elevate their performance and create long-term value. Our leadership continues to raise standards of excellence and advance board effectiveness at thousands of member companies.

NACD’s value insights, professional development events and resources, such as the NACD Directors Summit™ and the NACD Directorship Certification® program, support boards in navigating complex challenges. With a growing network of more than 24,000 members across more than 20 Chapters, boards are better equipped to make well-informed decisions on the critical, strategic issues facing their businesses today. Learn more at www.nacdonline.org.    

Press Contacts
Shannon Bernauer
NACD
sbernauer@nacdonline.org
571-367-3688

Jackie Hart
G&S Business Communications
Jhart@gscommunications.com
929-390-5431

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SOURCE National Association of Corporate Directors

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ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings

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October 8, 2024

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LONDON, Oct. 8, 2024 /PRNewswire/ — ATFX is pleased to announce its strategic investment in Spark Systems, a next generation, institutional-grade eFX trading platform based in Singapore serving clients in Asia and globally. ATFX is entering into this partnership with Spark Systems via a Series C investment. Spark Systems investors include leading venture capital companies and also global banks including Citibank and HSBC. This partnership is aimed at enhancing ATFX’s institutional services and will explore synergies between both organizations.

The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group’s commitment to enhance its trading infrastructure which is evidenced by previous milestones. These initiatives have positioned ATFX as a leading player in the industry, providing clients with cutting-edge trading solutions and improved market access.

“Investing in Spark Systems aligns with our strategic vision to enhance our institutional offerings and drive innovation in the eFX space,” said Joe Li, Group Chairman at ATFX. “We believe that this will benefit both organisations and provide our clients with improved trading solutions, especially in the Asian region.”

Joo Seng Wong, Founder & CEO of Spark Systems stated, “This collaboration with ATFX represents a significant step forward in our mission to deliver exceptional trading solutions. Together, we will empower ATFX clients with enhanced access to liquidity and offer advanced trading capabilities.”

ATFX looks forward to exploring this partnership further and is committed to building a mutually beneficial relationship with Spark Systems to enhance its market presence in Asia and beyond.

About ATFX

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
For further information on ATFX, please visit ATFX website https://www.atfx.com.

About ATFX Connect

ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA),  AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC), and AT Global Financial Services (HK) Limited (authorised and regulated by the SFC). Connect is the Institutional arm of the wider ATFX Group.

ATFX Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts, provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious Metals to a wide range of institutional clients from hedge funds, Tier 1 global and regional banks, high net worth investors, asset managers, family offices and other brokers. 

ATFX Connect’s liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. 

Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group’s MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API. 

For further information on ATFX, please visit ATFX website https://www.atfxconnect.com.

About Spark Systems

Founded in 2016, Spark Systems builds next generation high speed trading platforms. Spark Systems has developed robust eFX trading platforms and the company is uniquely designed to support both buy-side and sell-side clients. The firm has to date received investments from leading global and regional institutions including Citibank, HSBC, Philips Venture, Vickers Venture, Integra Ventures, FengHe, Jubilee CM, Farquhar Venture Capital, 5X Capital, OSK  etc. Spark Systems is a grant recipient of Monetary Authority of Singapore FSTI grant. Spark Systems focus is on building state of the art trading technology and infrastructure. The company is connected with all global top 20 FX liquidity providers and eFX non-bank hedge funds as well as major primary markets/ECNs. Today Spark Systems already serves leading banks in Asia. This positions the company for sustained and exponential growth in the FX market; the world largest and most liquid marketplace. For further information on Spark Systems, please visit the company’s website www.sparksystems.sg.

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Han’s Robot to Showcase its Innovative Collaborative Robots at Industrial Transformation ASIA-PACIFIC (ITAP) in Singapore

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October 8, 2024

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SHENZHEN, China, Oct. 8, 2024 /PRNewswire/ — From October 14-16, Han’s Robot, a leading player in collaborative robotics, will participate in Industrial Transformation ASIA-PACIFIC (ITAP) 2024 at the Singapore EXPO. ITAP is the premier event in the Asia-Pacific region for businesses adopting and scaling Industry 4.0 (I4.0) solutions. Following its successful appearance at the 24th China International Industry Fair in Shanghai, Han’s Robot will further expand its global presence at ITAP with an exhibit at Hall 3, Booth RS11.

Strategic Growth in Southeast Asia

With Singapore being a key regional business hub and a gateway to the ASEAN market, ITAP marks an important step for Han’s Robot in extending its international reach. The company will present its latest robotic innovations, tailored to address the demands of the Southeast Asian market, supported by its strong R&D capabilities.

Key Solutions to be Highlighted at ITAP 2024:

Automated Welding Cobot: Designed with advanced motion control algorithms, Han’s welding cobot offers high precision, stability, and ease of use. It is built to operate in high-temperature welding environments, providing a robust solution for automated welding tasks.

CNC Loading and Unloading Cobot: A notable collaboration with industry partners, this cobot automates the loading and unloading process for CNC machines, improving operational speed by over 30%. Its precision and reliability are designed to optimize manufacturing efficiency.

STAR Mobile Manipulator: This intelligent mobile robot combines a robot arm, mobile robot, vision system, and gripper to perform mobile operations such as material pick and place, handling, assembly, and inspection. Offering strong scalability and cost efficiency, the STAR mobile manipulator is well-suited to support smart manufacturing applications.

Han’s Robot’s exhibit at Hall 3, Booth RS11 will feature these solutions and more. Further details and updates will be shared through the company’s official social media channels throughout ITAP.

About Han’s Robot

Han’s Robot is a high-tech enterprise dedicated to developing, promoting, and applying intelligent robots in industry, healthcare, logistics, services, etc.

For more information about Han’s Robot, please visit:

Website: https://www.hansrobot.net/
LinkedIn: https://www.linkedin.com/company/hansrobot
YouTube: https://www.youtube.com/c/hansrobot
Tiktok: https://www.tiktok.com/@hans_robot

Media Contact

Company Name: Shenzhen Han’s Robot Co., Ltd.
Address: 6/F, Building 3, Han’s Laser Global Intelligent Manufacturing Industry Base,
Bao’an District, Shenzhen City, Guangdong, China
Email: hansrobot_international@hanslaser.com 

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SOURCE Shenzhen Han’s Robot Co., Ltd.

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Sungrow PowerTitan 2.0 Wins the Storage Product Innovation Award at Solar & Storage Live Awards 2024

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25 mins ago

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October 8, 2024

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BIRMINGHAM, UK, Oct. 8, 2024 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, is proud to announce that its PowerTitan 2.0 energy storage system has won the Storage Product Innovation Award at the Solar & Storage Live Awards 2024. The event, that held in Birmingham on Tuesday 24th of September, first day of the Solar & Storage Live UK 2024 exhibition, is a premier platform for recognizing advancements in the renewable energy and storage sectors.

The PowerTitan 2.0 is a professional integration of Sungrow’s power electronics, electrochemistry, and power grid support technologies. It stands out due to its groundbreaking innovations, providing an efficient and with the utmost levels of safety energy storage solution. Sungrow recognizes that developing Energy Storage Systems (ESS) is crucial for grid stability, maximizing renewable energy use, and advancing the energy transition towards a sustainable future. To address these needs, Sungrow has introduced the PowerTitan 2.0, a cutting-edge Liquid-Cooled ESS designed for utility-scale projects. The PowerTitan 2.0 features a fully liquid-cooled design and integrated Power Conversion System (PCS) within a standard 20-foot, 5MWh container. Its modular configuration allows for scalable 10MWh systems, overcoming traditional scalability and efficiency challenges while optimizing CAPEX and OPEX.

“We are deeply honored to receive the Storage Product Innovation Award for our PowerTitan 2.0 at Solar & Storage Live 2024,” said Mr. Lewis Jindong Li, President of Sungrow Europe. “This first award for the PowerTitan 2.0 in Europe reflects our commitment to delivering pioneering, efficient, and safe energy storage solutions. Sungrow remains dedicated to supporting the global energy transition while providing unparalleled customer support. We look forward to driving further innovation and along with our partners bridge to a sustainable future.”

Sungrow’s innovative solution has already begun making an impact in Europe. The first units of the PowerTitan 2.0 have been recently delivered to the 100MW/330MWh energy storage project in Bramley of Penso Power’s and BW ESS, while several new contracts have been secured, including a major 230MWh Energy Storage project in Germany by Nofar Energy. These projects highlight the growing demand for advanced energy storage systems that maximize efficiency and minimize operational costs.

For further information on the PowerTitan 2.0 and other cutting-edge energy solutions, visit Sungrow’s official website: 

https://uk.sungrowpower.com/ProductsHome/20?cid=42

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com

Media Contact: Mina Zhang, mina.zhang@cn.sungrowpower.com 

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