News & Updates

March 12, 2010 Ernst & Young faces legal action over Lehman collapse

Source:Times Online.co.uk

Ernst & Young could face legal action after a damning report into the collapse of Lehman Brothers accused the British accountancy firm of professional negligence over a number of years before the catastrophic downfall of the 158...

March 10, 2010 Lilly adding ethics watchdogs to executive ranks

Source:FiercePharma

Four new ethics watchdogs will join Eli Lilly as part of a deal to settle two shareholder lawsuits over the mismarketing of Zyprexa and other drugs. The suits arose after Lilly inked a deal last year to end a 5-year-old federal...

March 10, 2010 California Prius incident probed; GM offers criticized

Source:Detroit Free Press

WASHINGTON -- As Toyota sought to contain the fallout from a California sudden-acceleration case caught on camera, its dealers accused General Motors of offering predatory incentives using federal money

March 9, 2010 Accountants say corruption remains major threat - Nigeria

Source:234next.com

Some finance experts in the education sector have warned that corruption and lack of good corporate governance in business organisations are a threat to national development. Soji Apampa, an Executive Director at Integrity...

March 2, 2010 Business Ethics in China: What Would Chairman Mao Think?

Source:Business Ethics

Once upon a time, China’s Chairman Mao – whose guidance often took the form of widely circulated quotations – could simply declare: “Our duty is to hold ourselves responsible to the people. Every word, every act and every policy...

March 1, 2010 Madoff whistleblower says SEC still too timid

Source:Reuters

Financial regulators have not fully learned their lessons despite missing the massive fraud engineered by Bernard Madoff, said the man who tried for years to raise the alarm about Madoff's scheme.

February 26, 2010 SEC Charges Madoff's Director of Operations with Falsifying Accounting Records and Siphoning Investor Funds

Source:Securities and Exchange Commission

Washington, D.C. — The Securities and Exchange Commission today charged one of convicted Ponzi schemer Bernard Madoff's key operatives with falsifying accounting records to enable the multi-billion dollar fraud and illegally...[more]

February 25, 2010 Shareholder Advocates Urge Disclosure of Political Spending

Source:Business Ethics

The Center for Political Accountability, the Council of Institutional Investors and a number of shareholder advocacy groups have launched a letter-writing campaign urging companies in the Standard & Poor’s 500 Index to disclose...

February 20, 2010 UK Beverage Firm, Swiss Mining Co., Arizona Utility Post Highest Scores Among 100 Companies

Source:CSRWire

KPMG LLP, the U.S. audit, tax and advisory firm discusses how it has achieved a 7 percent reduction of its U.S. carbon footprint while pursuing a green business operations strategy in its second annual KPMG Living Green Report. [more]

February 16, 2010 IKEA Fires Two Top Managers Over Bribes

Source:St. Petersburg Times

Swedish furniture retailer IKEA has fired two of its top-ranking managers for turning a blind eye to a bribery case involving St. Petersburg’s Mega IKEA shopping mall.

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