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News & Updates

June 12, 2012 Using Data to Close the Corporate 'Ethics Divide'

Source: Law.com

Are companies closing the gap between talking the talk and walking the walk on ethics? Not according to a recent survey on global business ethics by the American Institute of Certified Public Accountants (AICPA) and the Chartered...

June 12, 2012 Wal-Mart Officials Sued Over Mexican Bribery Allegations

Source: Bloomberg

Wal-Mart Stores Inc. (WMT) officials were sued by a group of New York pension funds for alleged mismanagement in failing to prevent bribery as the world’s largest retailer expanded operations in Mexico.

June 8, 2012 Best Buy founder leaves company following scandal

Source: Telegraph

Best Buy founder Richard Schulze has revealed he is considering “all available options” for his 20.1pc stake in the group after standing down as chairman and a director of the electronics retailer.

June 7, 2012 Business ethics not recession driving surplus in Olympic hospitality tickets

Source: Fresh Business Thinking

Businesses are more likely to turn down hospitality packages to the Olympics than to Lords or Twickenham, despite public demand for Olympic tickets far outstripping supply, says leading business advisors GoodCorporation. With...

June 6, 2012 MF Global Dodged Capital Requirements, Report Says

Source: NY Times

Under pressure from regulators last summer to increase its capital cushion, MF Global moved some of its risky European debt holdings to an unregulated entity in an effort to avoid having to raise extra money, according to a new...

June 5, 2012 Business ethics on a downward spiral

Source: Destinyman.com

The survey revealed that African, in particular South African, executives showed a greater inclination to use entertainment or personal gifts to retain or win business. Entrepreneur and founder of Young & Able, Buhle Dlamini,...

June 1, 2012 Adidas’ Reebok Business in India Faces Fraud Investigation

Source: Bloomberg

http://www.bloomberg.com/news/2012-05-31/adidas-reebok-business-in-india-faces-fraud-investigation-1-.html

June 1, 2012 JPMorgan’s Iksil Said to Take Big Risks Long Before Loss

Source: Bloomberg

http://www.bloomberg.com/news/2012-06-01/jpmorgan-s-iksil-said-to-take-big-risks-long-before-loss.html

June 1, 2012 Wal-Mart urges worker integrity amid bribery probe

Source: Reuters

Top executives of Wal-Mart Stores Inc (WMT.N) did not directly mention a Mexican bribery scandal at an employee pep rally on Wednesday, but asked their international workers to focus on "integrity" as a core value.

May 31, 2012 Tariq Ramadan: Do Islamic Business Ethics Exist? .

Source: OnIslam.net

The current global malaise is mainly a result of unethical business practices. A tidal wave of interest-accruing credit was unleashed on US home owners creating a profit bubble that burst asunder and caused what came to be...

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