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News & Updates
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...
July 18, 2011 Fitch expects more China corporate fraud probesSource: AP
Hong Kong - Chinese companies will continue to be hit by corporate fraud accusations and investigations as the country struggles to improve corporate governance standards, Fitch Ratings said on Monday. The credit rating agency...
July 12, 2011 Officials replaced amid Atlanta cheating scandalSource: Atlanta Journal Constitution
ATLANTA — The fallout from the Atlanta Public Schools cheating scandal continued to spread as four area superintendents were replaced and a school district in Texas put the superintendent it recently hired from Georgia on paid...
Source: Atlanta Journal Constitution
Across Atlanta Public Schools, staff worked feverishly in secret to transform testing failures into successes. Teachers and principals erased and corrected mistakes on students’ answer sheets. Area superintendents silenced...
Source: Christian Science Monitor
At least 178 teachers and principals in Atlanta Public Schools cheated to raise student scores on high-stakes standardized tests, according to a report from the Georgia Bureau of Investigation.
July 6, 2011 Suit says GM copped out on fixing Impala defectSource: USA Today
A lawsuit claims General Motors Co. fixed a defective part on the police versions of the Chevrolet Impala -- but didn't fix the same defect on hundreds of thousands of other Impalas. According to the Associated Press, a...
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