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Environmental and Energy IssuesSocial Issues and Concerns
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News & UpdatesDecember 8, 2008 Raines, ex-Fannie CEO, denies he manipulated earningsSource: Accountancy Age - UK Franklin Raines, former chief executive officer of Fannie Mae, who resigned from the company in 2004 amid controversy over its accounting irregularities, continues to deny accusations Fannie manipulated earnings to boost profits... December 5, 2008 Danger From Chinese Milk Very Real, Says U.S. Scientist  Source: The Epoch Times - NY A food safety expert is warning that contaminated infant formula could be damaging American babies, and that the US Food and Drug Administration is not doing enough.
December 5, 2008 Suit Challenges Agency Over Phthalates RulingSource: The Wall Street Journal Two consumer advocacy groups filed a lawsuit Thursday challenging the Consumer Product Safety Commission's decision to allow makers of children's products containing phthalates to continue selling those goods as long as they were... December 5, 2008 Toy companies settle lead-tainted toy suitSource: Washington Post Nine toy companies, including Mattel Inc., agreed to pay a total of nearly $1.8 million to settle a lawsuit over Chinese-made toys tainted with lead, California state and local officials said Thursday December 5, 2008 Big Bonuses for CEOs? Not So FastSource: Business Week After shareholders' dismal 2008, corporate boards are being watched closely while they decide whether to dole out traditionally huge bonuses December 5, 2008 Since Enron, Little Has ChangedSource: The Wall Street Journal As Warren Buffett has said, "Executive compensation is the acid test of corporate governance." Financial incentives determine what objectives an organization pursues, and they drive the way managers conduct a business.
December 5, 2008 The Conference Board Governance Center Issues Recommendations To Corporate Boards on Overseeing Risk Management and Executive Compensation -- Suggests Better Risk Oversight and Stronger Links Between Pay and Performance Source: The Conference Board Governance Center The Conference Board Governance Center issued today the first in its new series of reports on the oversight role of the board of directors in the current economic crisis. December 5, 2008 Indiana Man Sentenced to 210 Months for His Part in Aegis Company $60 Million Tax Fraud ConspiracySource: U.S. Justice Department WASHINGTON - Timothy Shawn Dunn, a Chesterton, Ind., resident, was sentenced to 210 months in prison by U.S. District Judge Charles R. Norgle, the Justice Department and Internal Revenue Service (IRS) announced today. December 4, 2008 SEC Approves Measures to Strengthen Oversight of Credit Rating AgenciesSource: Securities and Exchange Commission Washington, D.C., Dec. 3, 2008 — The Securities and Exchange Commission today approved a series of measures to increase transparency and accountability at credit rating agencies, and ensure that firms provide more meaningful... December 3, 2008 BBB Warns on Toy SafetySource: NewsInferno.com - NY Last year, over 20 million toys were involved in over 60 recalls, double the amount from the prior year, the Better Business Bureau (BBB) is reporting on its Website www.bbb.org. This year alone, the U.S. Consumer Product Safety... [What would you find useful here?]
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