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NACD and Marsh & McLennan Offer New Road Map for Effective Corporate Governance in the Digital Age

GlobeNewswire

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Report Provides Boards with Practical Advice for Guiding Enterprises Amid Digital Disruption

WASHINGTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 20,000 board members, and Marsh & McLennan Companies (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people, today released Governing Digital Transformation and Emerging Technologies: A Practical Guide. This report, based on primary research conducted through interviews with company directors as well as a survey of 200 NACD members, outlines a practical approach to advancing board oversight of digital transformation and emerging technologies.

“Businesses of all sizes across every industry are being confronted with unprecedented technological change, forcing them to reimagine traditional practices,” said Peter R. Gleason, president and CEO of NACD. “This report provides fresh thinking to improve board oversight in the digital era, so that boards can guide their companies toward success.”

Corporate directors recognize that governing digital transformation is a challenge. According to the NACD 2019 Digital Governance Pulse Survey,

  • 66 percent of directors believe their companies will be vulnerable to the disruptive impact of emerging technologies in the next year;
  • one in three directors believe that no one, specific technology, but rather a combination of technologies, will significantly transform their business; and
  • while 81 percent of boards prioritize cybersecurity discussions with management, only about half focus on topics of more long-term strategic relevance, such as digital transformation initiatives.

“We know from our research and engagement with companies that the most successful corporate directors understand the tone for innovation is set from the top,” said Leslie Chacko, managing director, Digital Insights and Solutions, Marsh & McLennan Companies. “This framework will help directors confidently address the risks and opportunities presented by technology to unlock value across their companies.”

The report outlines five foundational principles to help prepare directors for navigating the complexities of digital transformation and emerging technologies, such as artificial intelligence, blockchain, the Internet of Things, and robotics process automation. Here are the five principles:

  • Approach emerging technologies as a strategic imperative, not just as an operational issue.
  • Develop collective, continuous, technology-specific learning and development goals.
  • Align board structure and composition to reflect the growing significance of technology as a driver of both growth and risk.
  • Demand frequent and forward-looking reporting on technology-related initiatives.
  • Periodically assess the organization’s leadership, talent, and culture readiness for technological change.

In the report, each principle includes specific recommendations to assist boards with charting potential pitfalls, spotting red flags, and formulating and adopting a more cohesive oversight approach to help them chart a path to effective digital transformation oversight.

To help boards navigate the interconnected and simultaneous forces presented by the digital era, NACD also offers experiential education opportunities such as curated director tours of the Consumer Electronics Show (CES®) and access to the latest business incubators leveraging technology in Silicon Valley. NACD has also led an effort to close the board’s knowledge gap on cyber risk through educating its members on leading practices, convening key stakeholders, and engaging the director community in an ongoing dialogue.

About NACD
The National Association of Corporate Directors (NACD) empowers more than 20,000 directors to lead with confidence in the boardroom. As the recognized authority on leading boardroom practices, NACD helps boards strengthen investor trust and public confidence by ensuring that today’s directors are well prepared for tomorrow’s challenges. World-class boards join NACD to elevate performance, gain foresight, and instill confidence. Fostering collaboration among directors, investors, and corporate governance stakeholders, NACD has been setting the standard for responsible board leadership for 40 years. To learn more about NACD, visit www.NACDonline.org. 

About Marsh & McLennan Companies
Marsh & McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 76,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit mmc.com, follow us on LinkedIn and Twitter @mmc_global or subscribe to BRINK.

Contact:
Susan Oliver
NACD
susanboliver@gmail.com
703-216-4078

Amelia Woltering
Marsh & McLennan Companies
Amelia.woltering@mmc.com
212-345-0864

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Blockchain PR

Visionary Bitcoin Creator Satoshi Nakamoto to Reveal Identity

GlobeNewswire

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Founder of Satoshi Nakamoto Renaissance Holdings to disclose the origins of his iconic pseudonym and the word Bitcoin on Sunday, Aug. 18, in the first installment of his three-part daily epiphany “My Reveal” on www.SatoshiNRH.com, and www.ivymclemore.com

NEW YORK, Aug. 16, 2019 (GLOBE NEWSWIRE) — After a decade of anonymity, Satoshi Nakamoto will break his silence in Part I of his “My Reveal” Sunday, Aug. 18, at 4 p.m. EDT on the Satoshi Nakamoto Renaissance Holdings website, www.SatoshiNRH.com, and the Ivy McLemore & Associates website, www.ivymclemore.com.

In addition to his real-life identity, Nakamoto will use “My Reveal” to divulge such facts as his country of origin, education, professional background, and why he has yet to move any of his 980,000 bitcoins.

Indicative of the compelling evidence he presents in each part of the series, Nakamoto will illustrate the role that cyphers and encryption related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin.

Nakamoto also will disclose why he chose the date August 18 not only to register bitcoin.org in 2008, but also to release Part I of “My Reveal” this coming Sunday on the 11th anniversary of his registration of bitcoin.org through AnonymousSpeech.com.

Nakamoto’s revelations will culminate Tuesday in Part III with his introduction of Tabula Rasa, his clean-slate vision for Bitcoin’s transformational rebirth, and the declaration of his identity.

The final two parts of Nakamoto’s “My Reveal” will post to www.SatoshiNRH.com and www.ivymclemore.com on Monday and Tuesday at 4 p.m. EDT.

About Satoshi Nakamoto Renaissance (SNR) Holdings

Satoshi Nakamoto Renaissance (SNR) Holdings is in the business of providing superior Blockchain technologies to help transform people’s lives. For more information, please visit www.SatoshiNRH.com or follow @SatoshiNRH on Twitter.

About Ivy McLemore & Associates

Ivy McLemore & Associates (IM&A) is a digital marketing and PR agency that specializes in serving investment management and cryptocurrency clients seeking to gain and maintain a competitive edge. For more information, please visit www.ivymclemore.com.

CONTACT: Ivy McLemore
PHONE: 212.323.2774
EMAIL: satoshiPR@ivymclemore.com 
WEB: www.ivymclemore.com

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Blockchain PR

Byzen Digital Announces Opening of New Operational Company in the UK, Byzen Digital Limited

GlobeNewswire

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Additionally Announces Termination of LOI with Fortune8 

London, UK, Aug. 16, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Byzen Digital Inc. (OTC PINK: BYZN), a technology mergers and acquisitions company, today announced the opening of new operational company in the UK, Byzen Digital Limited.

Over the past 12 months Byzen Digital Inc. has continued to develop its business model and now has a clear strategy that identifies and engages with SME (small and medium-sized enterprises) technology companies with the goal to developing commercial relationships. In addition, the Company also looks to offer its consultancy services into this sector with a focus on technology market disrupters. Byzen Digital Inc. recently established a Consultancy Services Division in conjunction with its strategic partner, The Axiom Partnership. To assist in developing this model, Byzen Digital management has commissioned the opening of a new operational company in the UK, Byzen Digital Limited, which will replace the non-operational Byzen Digital UK Limited that will be closed shortly.

Termination of LOI    

Byzen Digital Inc. additionally announces that further to its Letter of Intent (LOI) with Fortune8 Technologies, that after months of negotiations, it is currently unable to reach a definitive agreement to complete the acquisition of the Company. 

Byzen Digital President Chris Percy commented, “It is with regret that we have made the operational decision to no longer engage directly with Fortune8. The Board and I wish them success in their future ventures. With this action we now have the luxury to continue to explore and develop other new and existing opportunities.”

About Byzen Digital Inc.

Byzen Digital is a high-growth organisation focused on mergers and acquisitions in the technology space. Originally set up to service the growing blockchain sector, Byzen Digital’s scope has quickly grown beyond its initial focus to incorporate start-ups and SMEs (small and medium-sized enterprises) from the wider technology arena including cyber security, data storage, cloud-tech, analytics, software and digital applications. 

The Byzen family provides vital strategic insight, global funding access and a robust corporate structure to support its incorporated ventures in positioning concepts for global success. For more information go to: www.byzendigital.com

Safe Harbour Statement

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the Company’s industry and competition. The company assumes no duty to update its forward-looking statements.

Contact:

Chris Percy

President

Byzen Digital INC

chris.p@byzendigital.com

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Blockchain PR

ThalesNano Introduces MicroCube™, the Groundbreaking Compact Reactor for Ultrafast Heterogeneous Chemistry and the PhotoCube™ Series, Designed for Powerful and Versatile Multiwavelength Photochemistry

GlobeNewswire

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BUDAPEST, Hungary and SAN DIEGO, Aug. 16, 2019 (GLOBE NEWSWIRE) — ThalesNano Inc. (www.thalesnano.com) announced today that MicroCube™ and the PhotoCube™ series are to be launched at the 258th American Chemical Society National Meeting & Exposition (booth #2218) on the 25th of August 2019 in San Diego, California.

The MicroCube™ system is the first compact, handheld instrument designed for chemical route-scouting and receiving instant feedback on reaction success. Fast and efficient processes on microgram scale are now available within minutes, from room temperature to 130°C and from atmospheric pressure to 50 bar. The innovative design enables performance of sensitive reactions without the use of gloveboxes. The instrument exploits the advantages of ThalesNano’s CatCart® technology, allowing safe and easy gas-liquid or gas-liquid-solid phase catalytic reactions, with the use of 12-50 mg catalyst amounts.

Gergely Darvas, CEO of ThalesNano, commented: “We are proud to launch the MicroCube™, a cutting edge new instrument for repeated 0.1-2 milligram samples’ synthesis. The system works in a similar fashion to an automatic pipette and opens up solutions unprecedented on the market.”

The PhotoCube™ Series are the first professional photoreactors in the world, that are available as a self-assembly kit as well. Various configurations tailored to the customer’s needs can be applied to a diverse set of batch, flow, stop-flow and CSTR photochemical reactions. Options for multicolor and UV LEDs enable the users to apply up to 7+1 wavelengths even simultaneously and to cover a wide range of chemical applications.

“These reactors make photochemistry accessible to everyone,” Alex Drijver, CEO of ComInnex, a drug discovery company (www.cominnex.com), sister company of ThalesNano, added. “The compact and flexible design is combined with high performance, which makes this modular product series unique. Reactions can be carried out in the same instrument with a range of UV to red lights in an effective and easy manner.”

Between the 25th and 27th of August at the San Diego Convention Centre delegates will also have the opportunity to get acquainted with further new products, such as the Back Pressure Module 300™ widening the available chemical space up to 300 bar, and the Dual Channel Gas Module™ to allow two different gases to be used at up to 100 bar pressure in flow chemical setups. Participants will also have a chance to familiarize themselves with ThalesNano’s FlowReact™ open innovation platform for registering flow chemical reactions, utilizing blockchain technology for irrevocable data storage and for contributing to IP protection.

About ThalesNano: ThalesNano, inventor of the award winner H-Cube® series, is the world leader of benchtop flow chemistry instrumentation. The company extends the available chemical space to the extremes and has the widest portfolio of solutions providing laboratory-scale continuous flow equipment and know-how. More than 1400 of their products are used globally by the pharmaceutical, biotechnology, fine chemical, petroleum/biofuel industries and in academia, resulting in the highest number of scientific publications in the field. Great emphasis is being put on supporting research and development by engaging in scientific collaborations and education. Their mission is to make flow chemistry part of the daily laboratory routine, allowing chemists to realize safer syntheses and processes, easier and more efficient workflows. The company was founded by Dr. Ferenc Darvas, who is also the Chairman of the oldest Hungarian upstream-technology network.

Contact
tamas.hodosi@thalesnano.com

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