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Saudi Minister of Communications and Information Technology Meets with Chairman of Chinese Tus-Holdings Company

Saudi Minister of Communications and Information Technology Meets with Chairman of Chinese Tus-Holdings Company
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Saudi Minister of Communications and Information Technology Meets with Chairman of Chinese Tus-Holdings Company

Saudi Minister of Communications and Information Technology Meets with Chairman of Chinese Tus-Holdings Company

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met in China Thursday with the Chairman of the Board of Directors of Tus-Holdings Co, Wang Jiwu, and corporate leaders to set the future direction of the partnership and to establish an incubator for innovation in deep technologies in King Abdulaziz City for Science and Technology, which will be the first launch of joint innovation incubators as part of the cooperation between the two countries.

Al-Swaha is also Chairman of the Board of Directors of KACST and the Research, Development, and Innovation Development Authority (RDIA).
The minister reviewed the fruitful partnership with Tus-Holdings in laying the foundations for the success of the innovation oases in the Kingdom to include the foundational and digital infrastructure, digital resources, and platforms that support the provision of the best services and enablers for the entrepreneurship system, incubated startups, and hosted technology companies of all sizes.
Al-Swaha explained that these oases will positively impact strengthening the research, development, and innovation system in the Kingdom and contribute to building a sustainable economy.

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Honda Executive Resigns over 'Inappropriate Conduct'

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
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20
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Honda Executive Resigns over 'Inappropriate Conduct'

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP

Honda's executive vice president resigned on Monday over "an allegation of inappropriate conduct", the Japanese automaker said.

The incident occurred "during a social gathering outside of work hours", Honda said in a statement, without detailing the accusations made against Shinji Aoyama, who is also the company's director.

"It is deeply regrettable that an individual positioned as a leader in the management of the company, and who is expected to set an example for the respect of human rights... has become the subject of an allegation of conduct contrary to these principles," it said, AFP reported.

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision".

But Aoyama submitted his resignation letter before the board had made any move, the statement said.

"The Company's Board of Directors has determined that it is appropriate for Mr. Aoyama to resign from his position," it added.

Honda President Toshihiro Mibe will voluntarily return 20 percent of his monthly compensation for two months due to "the seriousness of this matter", the company said.

"The company sincerely apologizes for any discomfort caused by such conduct, and for the significant disturbance and concern it has caused to all stakeholders."