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Cold Truths

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first_imgWe got our greedy little paws on the hottest new winter gear for serious on-slope testing.Elevation Outdoors Winter Gear Review: Cold Truths1. Rossignol Super 7This big brother of Rossi’s popular S7 came out last season but sold out in no time—for good reason. The Super 7 (145-117-127) took it up a notch. Featuring a layer of strong, supple titanal, the tip-and-tail rockered ski is even beefier and more responsive inbounds than the S7 but has not lost its ego-boosting powder float.$800; rossignol.com2. Black Diamond AMPerageThis is one versatile ski for soft snow. It’s 115 mm underfoot so it certainly floats the soft stuff, but with 21 meters of turn radius, it can also whip around in trees and even cruise the groomers—the ideal do-it-all board.$669; blackdiamondequipment.com3. Jones Hovercraft SplitSnowboarding film star Jeremy Jones designed the Hoverctaft to ride with a lot more versatility, especially in powder, than the usual 156-cm board. Spilt capability makes it a backcountry mountaineering tool that’s still got the guts of a freestyle ride.$699; jonessnowboards.com4. Zeal TranscendTracking speed, altitude and other vitals as you cruise downhill, these are some serious geek goggles. Simply take a glance down at the lower right corner of the lens where a display screen tracks all that data. Even better, when you head home, you can download and analyze your ski session the same way you would with a running or cycling workout.$549; zealoptics.com5. Nordica Firearrow F1While ski design has changed radically over the past decade, getting ridiculously fat and shorter, boots are still built with the mindset of driving drive thin, old-school boards. The Firearrow, however, allows for more ankle articulation for lateral control—just the ticket when you need to make adjustments on skis that are over 100 mm underfoot. Carbon fiber construciton keeps it light.$935; nordica.com6. Outdoor Research AmbitIt’s nearly impossible to operate a smart phone on the slopes while wearing ski gloves, but the fingers of the Ambit use Touch Tec leather, a nanotechnology that makes it so that the material will operate a touch screen just as adroitly as if it were bare skin.$99; outdoorresearch.com7. Columbia Circuit Breaker SoftshellThis soft shell jacket contains a built-in, electronic heating system. Simply press a button and it starts to warm you up at three different temperature settings, yet, it’s still light and breathable enough for athletic skiing and skinning. It’s a tad bulky with two battery packs that take up a bit of space in the chest, but that inconvenience is worth it for the pleasure of heat on demand.$850; columbia.com8. Backcountry Access Float 18BCA’s newest avalanche bag, which works by giving a skier trapped in a slide enough bouyancy to rocket to the surface, was designed for the sidecountry. The 18-liter pack is low-profile enough for the resort, while still offering the technology found in larger, heavier bags.$685; backcountryaccess.comlast_img read more

Shareholder Rights Directive could have ‘unintended consequences’

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first_imgForcing pension funds to disclose the main elements of all investment management agreements (IMAs) with asset managers could have unintended consequences that hinder long-term investing, PensionsEurope has warned.The industry association recommended the European Commission’s revised Shareholder Rights Directive require the disclosure of investment beliefs and how these are implemented through a fund’s investment strategy, rather than details of IMAs.In a position paper on the Directive, the association suggested that the requirement to identify all of a listed company’s shareholders should be dropped, limiting it to institutions that hold at least 0.5% of share capital.It said the 0.5% threshold was one already employed in the Netherlands and allowed companies to identify shareholders that owned a “relevant” stake in the firm. PensionsEurope also raised concerns about engagement policies proposed in the draft Directive, saying the requirement to explain voting behaviour would increase administration costs.Returning to the issue of investment management agreements, it said: “We consider it inappropriate to require disclosure of specific contractual arrangements between two parties, especially when, for example, the fund in which the institutional investor has invested is not public.”Additionally, the position paper pointed out that information about an asset manager’s strategy could be commercially sensitive, and argued that it would push pension funds to invest only in vehicles with more easily justifiable fees, rather than ones offering the best fee structure.“Thus, requiring institutional investors to disclose publicly the main elements of the arrangement with the asset manager would in our view not be the right way of achieving long-term investment, instead giving undue prominence to only a narrow element of the strategy, with potential unintended consequences,” it said.However, the association did praise a number of the proposals put forward by the Commission.It said it was “positive” to introduce a vote on remuneration, which, according to the initial proposal, would be binding, and that it would encourage dialogue between shareholders and companies.It also welcomed the greater focus on transparency, and said further protection for minority shareholders – through the related-party transaction requirements that will require a vote on certain deals – was a positive step.The association did raise concerns that the Directive was too prescriptive, echoing concerns previously voiced by the International Corporate Governance Network.,WebsitesWe are not responsible for the content of external sitesPensionsEurope position paper on revised Shareholder Rights Directivelast_img read more