Faculty Affairs Management and Recruitment Initiatives
This document outlines the key responsibilities and initiatives of the Office of the Vice Provost for Faculty Affairs at Penn State University, focusing on faculty recruitment, retention, professional development, and adherence to EEO and AA policies. The office oversees academic policies, executive searches, and institutional responses to emerging issues critical to faculty success. Additionally, it plays a vital role in fostering shared governance through liaising with the University Faculty Senate and promoting a culture of diversity, inclusion, and equity.
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PROPOSEDAMENDMENTS TO THE ISA 2007 Presented by: Chief Anthony Idigbe SAN Chairman, ISA Review Committee November, 2016
Key Institutional Amendments Change of Nomenclature and Reporting Line for effectiveness, greater visibility and effectiveness Clear delineation of the Objectives, functions and powers of the Commission Expansion of the powers of the Commission to Incorporate the recommendations of the IOSCO EMMoU Rule making process fast tracked by ending the process with the Commission after consultation with the market Introduction of provisions on the management of systemic risk in the Capital Market Key amendments on Dispute Resolution Council for the Tribunal to be responsible for the appointment, discipline and formulation of policies for members and staff of the Tribunal Minimum number of members of the Tribunal set at 8 Only lawyers may be members of the Tribunal Jurisdiction of the IST to be enlarged to include Criminal Jurisdiction
Key OperationalAmendments Revised Definition of Securities Exchanges Amended the definition of securities to include sukuk, securities issued by government agencies, supranational organization, warehouse receipts, warranties securities as maybe determined by the commission from time to time and such other Proposed explicit provisions for Financial Market Infrastructures to include Depositories, Central Counterparty (CCP), Clearing House and Custodian Proposed explicit provisions for Self Regulatory Organizations (SROs) New Provisions on Regulation of Derivatives Market and Trading Recommended more robust provisions for the regulation of collective investment schemes (CIS) Expanded the structure for borrowing by Federal, State and Local Government to include general obligation bonds and revenue/project bonds and made specific provisions; Empowered SEC or any SEC approved agency to provide debt sustainability guidelines Introduced acceptance of use of third party guarantor for issuance of government bonds Reviewed accountability structures for utilization of government borrowing and enforcement of the Act on government bodies
Mergers and Acquisitions Clear delineation of Merger Control provisions from securities regulation provisions Correction and proper alignment of all errors from the 2007 amendment Creation of new part on Mergers, Takeovers and Corporate Restructuring of Public Companies Enabling provisions on the creation and administration of a Nigerian Takeover Code introduced Specific actions in the event of default widened beyond pecuniary sanctions to include suspension from trading among others Federal Competition and Consumer Protection Bill SB. 257 Proposed amendments around the operating structure of the Commission and Composition of its Board Determination of Dominant Position should be subject to empirical analysis so that determination of abuse is objective Proposed amendments around the composition, function, and funding of the Tribunal Proposed provisions to ensure the Commission cooperates with sectoral regulators under a defined arrangement
