Whole Network Accounting boards of directors Compliance Ethics executive pay SOX strategy


PwC and IBM settle kickback allegations Title: PwC and IBM settle kickback allegations
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Filed in archive corporate crime by leon on August 20, 2007

PricewaterhouseCoopers and IBM have settled allegations that the companies were involved in graft over government contracts.According to the Department of Justice press release, the firms had agreed...

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The subprime meltdown and the ratings agencies Title: The subprime meltdown and the ratings agencies
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Filed in archive markets by leon on August 18, 2007

In the fallout of the subprime debacle, the blame game has started and the ratings agencies are coming under plenty of fire with the European Commission now looking at whether they should be...

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Dell's dodgy numbers Title: Dell's dodgy numbers
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Filed in archive Accounting by leon on August 17, 2007

It has not been a great year for Dell. In January, Michael Dell took the reins again, turfing out Kevin Rollins. And from there, things started going from bad to worse.In March, I said that an...

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Military contractors and corruption Title: Military contractors and corruption
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Filed in archive corporate crime by leon on August 17, 2007

With the cost of military operations and diplomatic efforts in Iraq, Afghanistan and elsewhere around the world set to top $1 trillion over the next decade, and with the International Herald Tribune...

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Interview with Professor Sydney Finkelstein Title: Interview with Professor Sydney Finkelstein
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Filed in archive corporate governance by leon on August 16, 2007

This week I interviewed Professor Sydney Finkelstein who teaches at Dartmouth College in New Hampshire. Finkelstein is best known for his superb book Why Smart Executives Fail which identifies blind...

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Subprime litigation Title: Subprime litigation
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Filed in archive litigation by leon on August 16, 2007

Analysts might say the correction will not turn into a bear market but lawyers are warning that the credit meltdown could leave banks, hedge funds and private equity firms embroiled in costly...

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Bribes and gifts for analysts Title: Bribes and gifts for analysts
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Filed in archive Ethics by leon on August 15, 2007

How do you stop an analysts from downgrading your stock? Just do a few small favors and grease some palms.That's the finding from a study that reveals about two out of three analysts have...

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Institutions demand more disclosure Title: Institutions demand more disclosure
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Filed in archive risk by leon on August 15, 2007

Global markets are in turmoil, risk is being repriced and institutions are likely to put more pressure on companies to come clean on their contingent liabilities that include environmental,...

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Sarbanes and Oxley hit the speaker circuit Title: Sarbanes and Oxley hit the speaker circuit
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Filed in archive SOX by leon on August 14, 2007

In the past, I have talked about how Michael Oxley cashed in on his role as Sarbox co-author. First, he joined a law firm to help companies get around the law, then he becomes Nasdaq...

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Backdating fallout continues Title: Backdating fallout continues
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Filed in archive executive pay by leon on August 14, 2007

Last week's conviction of former Brocade chief executive officer Gregory Reyes of stock option backdating continues to send shivers through Silicon Valley.More indictments are likely to follow,...

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Internet is the "wild west" - report Title: Internet is the "wild west" - report
PermaLink: http://www.soxfirst.com/50226711/internet_is_the_wild_west_report.php

Filed in archive risk by leon on August 13, 2007

The Internet is becoming a playground for criminals and has turned into a lawless "wild west'', according to a report out of Britain's House of Lords.The report says there the...

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Auditors off the hook in the Parmalat case Title: Auditors off the hook in the Parmalat case
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Filed in archive Accounting by leon on August 13, 2007

I have blogged about delinquent communities here, here and here.The problem with delinquent communities is that it's hard to bring all the perpetrators to justice. The lines are too blurred,...

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Bear markets and the Rumsfeld effect Title: Bear markets and the Rumsfeld effect
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Filed in archive markets by leon on August 11, 2007

You know things are really looking bad on the markets what the central banks start pumping in money to ease the liquidity crunch. And it seems to have worked for now with reports that things have...

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Refco's delinquent community Title: Refco's delinquent community
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Filed in archive shareholder activism by leon on August 10, 2007

In the past I have talked about corporate delinquent communities here and here.Usually when there's corporate malfeasance, it involves a stack of people. Auditors look the other way, managers...

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Monster BAE profits Title: Monster BAE profits
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Filed in archive Ethics by leon on August 09, 2007

Who cares about corruption allegations? British defence and aerospace company BAE Systems has reported a higher than expected 19 per cent rise in first half profits, driven largely by its expansion...

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IT security and brand trust Title: IT security and brand trust
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Filed in archive risk by leon on August 09, 2007

With companies handling more and more private information, the risks of an IT security breach creating commercial harm to a company are very real. And to a large extent, avoidable.Breaches in IT...

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Interview with Boyden World Corporation president Christopher J Clarke Title: Interview with Boyden World Corporation president Christopher J Clarke
PermaLink: http://www.soxfirst.com/50226711/interview_with_boyden_world_corporation_president_christopher_j_clarke.php

Filed in archive Accounting by leon on August 08, 2007

Earlier this year, I talked about a new breed of CFO, the gun-for-hire who comes in for as little as a few months to do a specific job. And I raised the possibility that this could be a problem......

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Checkbook CSR Title: Checkbook CSR
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Filed in archive Ethics by leon on August 08, 2007

What does corporate responsibility mean for most companies? Apparently, it's all about the size of the checkbook.According to a global study, 2007 Corporate Social Responsibility: United States,...

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SOX compliance down but costs up Title: SOX compliance down but costs up
PermaLink: http://www.soxfirst.com/50226711/sox_compliance_down_but_costs_up.php

Filed in archive SOX by leon on August 07, 2007

Sarbanes-Oxley compliance costs might have levelled off but other costs are increasing at a fierce rate, according to a survey released by lawyers Foley & Lardner.Costs have gone up because of...

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