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News & Updates
August 9, 2011 Five management scandals: What you can learnSource: Smart Company
Companies screw up all the time. Look behind every business debacle, and you will find one of three time bombs: culture failure, systems failure and brain failure.
August 3, 2011 Former UBS Banker Charged with Helping U.S. Taxpayers Use Secret Swiss Bank Accounts to Evade U.S. TaxesSource: US Justice Department
WASHINGTON – Martin Lack, a former UBS AG banker who is currently an independent asset manager, has been charged with conspiracy to defraud the United States, the Justice Department and the Internal Revenue Service (IRS)...
August 1, 2011 What about the ethics of climate change reporting?Source: Crikey.com
Matthia Dempsey, editor-in-chief of Bookseller+Publisher, writes: The details of the government’s proposed carbon tax and the News of the World scandal unfolded simultaneously on two side of the globe in recent weeks.
The liquidator for Bernard Madoff’s firm was barred by a federal judge from pursuing some claims in his lawsuit against HSBC Holdings Plc (HSBA) seeking to recover money for Madoff customers. Irving Picard, the Madoff firm’s...
...Credit Suisse Group AG (CSGN), the second- biggest Swiss bank, is working to resolve a criminal investigation in the U.S. over alleged tax evasion by some clients, Chief Executive Officer Brady Dougan said. “These are...
July 26, 2011 US court overturns proxy-access ruleSource: Global Pensions
US – Institutional investors are bemoaning a US Court of Appeals decision to overturn the Security and Exchange Commission’s proxy-access rule, which would have allowed investors to nominate their own candidates for company...
Source: Wall Street Journal
'Unutterably mindless." That was one of the choice phrases the D.C. Circuit Court of Appeals offered Friday in its ruling on the Securities and Exchange Commission's latest attempt to give unions more sway over corporate boards....
July 20, 2011 Murky Murdoch: The Ethics of InfluenceSource: Sustainable Business Forum
To write about Rupert Murdoch, the Australian born Media Mogul and Chairman of Newscorp, in a business ethics blog seems somewhat tedious. Already in the first edition of our Textbook nearly a decade ago we had a vignette on him...
Source: Money Life
Rules and regulations are not enough. They must be implemented. Sadly, recent episodes have shown that even independent directors stayed silent when rules were violated Very often, people look at high-profile membership of the...
July 18, 2011 Murdoch Struggles for Control as Scandal GrowsSource: Bloomberg
News Corp. (NWS)’s Rupert Murdoch is struggling to control the destiny of the company he began building six decades ago after a trusted deputy was arrested and Scotland Yard’s top official quit over ties to a suspect in the...
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