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News & Updates
November 19, 2012 Five Ways Your Company Can Avoid a Crisis Like Ikea'sSource: Forbes - CSR Blog
Ikea used forced prison labour to make furniture—headline in The Independent. On Thursday it was business as usual at Ikea. On Friday the results of an independent investigation by Ernst & Young revealed that in the 1980s...
November 19, 2012 Is It Worth It? Political Spending and Corporate GovernanceSource: Business Ethics Magazine
In the 2012 campaign cycle an astounding $6 billion dollars was spent, with American corporations contributing roughly one third of that total. Just as political pundits are assessing the aftermath of the campaigns, it’s time for...
November 19, 2012 Leading international institutional investors urge tough enforcement of U.S. Foreign Corrupt Practices ActSource: Domini Social Investments LLC
A leading group of global investors, representing more than $3 trillion in assets under management, welcome the publication by the U.S. Government of new official guidance designed to help companies comply with the U.S. Foreign...
November 19, 2012 2 Banks to Settle Case for $417 MillionSource: NY Times
JPMorgan Chase and Credit Suisse agreed to settlements with the Securities and Exchange Commission totaling $417 million over their packaging and sale of troubled mortgage securities to investors, the agency said Friday. The...
November 16, 2012 BP agrees to record criminal penalties for U.S. oil spillSource: Reuters
BP Plc will pay $4.5 billion in penalties and plead guilty to criminal misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever.
November 15, 2012 Congressional Report Blames Corzine for MF Global’s CollapseSource: NY Times
Congressional investigators took aim on Wednesday at a former colleague, Jon S. Corzine, blaming the onetime senator’s risk-taking at MF Global for accelerating the brokerage firm’s demise.
November 15, 2012 US issues guidance on foreign anti-bribery lawSource: AP
WASHINGTON — The United States laid out guidance on its foreign anti-bribery law Wednesday, responding to a clamor from businesses for clarity on how to avoid violations in their global operations.
November 14, 2012 Respected China vice-premier tipped to head anti-graft effortSource: Reuters
One of China's most senior financial officials is likely to lead the fight against corruption, a top priority in the world's second-biggest economy, following his appointment to a key council at the end of the Communist Party's...
This week the City has been congratulating itself on 20 years of UK corporate governance codes. Since the original Cadbury document in 1992, the UK has basked in its role as governance leader, with 70 other countries having...
November 12, 2012 When CEOs Self-Destruct: Lessons in Values for the Corporate BoardSource: Business Ethics Magazine
The forced resignation of Chris Kubasik for ethics policy violations just weeks before he was to be promoted to CEO at Lockheed Martin, offers more than just another argument for the importance of succession planning
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