The deadline to preregister for the University of Georgia Southwest showCAES recruiting event is this Friday, Sept. 11. Interested students and parents can preregister at students.caes.uga.edu.The event, set for Tuesday, Sept. 15, at the UGA Tifton Campus Conference Center, is open to students who wish to attend UGA or those interested in learning more about the UGA Tifton Campus.Southwest showCAES is designed to introduce high school and college students to the UGA College of Agricultural and Environmental Sciences and the UGA Tifton Campus. Potential UGA students will meet with faculty and current students from the nine different departments within the college and will learn about all of the academic programs that are offered by CAES. Representatives from financial aid and university admissions will also be available to answer questions.After dinner there will be two breakout sessions: one for high school students who plan to apply to UGA in Athens, Georgia, and one for current college students considering a transfer to a UGA campus.“The exposure we receive from these events is very crucial. There are people in the Tifton community that do not realize they can get an undergraduate degree from the University of Georgia here in Tifton,” UGA Tifton Admissions Counselor Breanna Coursey said. “It is really exciting to think about the number of people we have the potential to impact.”The event will start at 5:30 p.m. and is free to attend. However, preregistration is requested to adequately prepare for the dinner. For more information, contact Coursey at (229) 386-3077 or at [email protected] Sept. 15 event in Tifton is the first of two showCAES events that will be offered in south Georgia. On Thursday, Sept. 17, at 5:30 p.m., a similar event, Southeast showCAES, will be held in Statesboro, Georgia, at the Bulloch County Center for Agriculture.
“We note that there have been violations of guidelines, rules and laws”Julie Brodtkorb, the leader of Norges Bank’s supervisory councilIn his introductory statement, Olsen said he understood the supervisory council’s desire to remove risk, but that any company board had to make trade-offs between different types of risk.“With the agreement that has now been established, the executive board believes that we have stopped possible conflicts of interest,” he said.Other points of contention raised at the hearing included the use of tax havens by parts of Tangen’s finance empire surrounding his main firm AKO Capital.While Brodtkorb repeatedly warned of the danger of undermining confidence in both Norges Bank and the GPFG, Olsen pointed several times to Tangen’s qualities and experience which he said had set him far above any other candidate for the CEO job.“He has unique experience gained from international asset management and can point to impressive results. At the same time, he is an innovative and committed leader with a deep understanding of the strategic challenges facing the oil fund,” Olsen said.The finance committee is now due to compile a report on the matter by 21 August, just days before Tangen is to take up his new job as NBIM CEO on 1 September, replacing long-term incumbent Yngve Slyngstad.While the parliamentarians do not have power to prevent Tangen’s appointment, any politically broad-based criticism of Norges Bank’s leadership could nevertheless put it under strain. Parliamentary overseers say laws were broken in the SWF chief hiring.Looking for IPE’s latest magazine? Read the digital edition here. The governor of Norway’s central bank was grilled by parliamentarians this afternoon about his handling of the highly-controversial hiring of hedge fund billionaire Nicolai Tangen as the new leader of the country’s NOK10.3trn (€970bn) sovereign wealth fund.Answering questions in a finance committee hearing, Øystein Olsen said: “We were aware that the appointment would attract attention. But, well, we did not foresee this whole storm that has happened.”Olsen’s testimony to the cross-party panel followed that of Julie Brodtkorb, the leader of Norges Bank’s supervisory council.She told the politicians that despite complex efforts made by the bank and Tangen to separate him from his vast financial interests during his coming tenure as CEO of Norges Bank Investment Management (NBIM), the risk of conflicts of interest was still there. Brodtkorb referred to ethical guidelines for employees of Norges Bank which stated that staff could not have personal interests which could cause conflicts of interest or which could be perceived as giving rise to such conflicts.She said Norges Bank had made a written assurance that the risk of conflicts of interest between Tangen’s personal wealth and his role as leader of the Government Pension Fund Global (GPFG) had been, for all practical purposes, eliminated.“The supervisory council does not share this opinion,” she told the committee, which had co-incidentally been convened on Tangen’s 54th birthday.Asked by the committee’s leader, Labour Party member of parliament Hadia Tajik, about the handling of the appointment by Norges Bank’s executive board – which Olsen leads – and how it could affect the GPFG’s reputation, Brodtkorb said:“We do not want to give opinions or make statements about what the consequences are, but we note that there have been violations of guidelines, rules and laws.”