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Curveball questions Title: Curveball questions
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Filed in archive shareholder activism by leon on November 18, 2007

When I attend annual meetings, I am often struck that no-one asks hard questions. The kind that make the CEO and directors squirm.PricewaterhouseCoopers has put out a list of questions to ask at...

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Early Christmas for Conrad Black? Title: Early Christmas for Conrad Black?
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Filed in archive corporate crime by leon on November 17, 2007

Is it an early Christmas present for Conrad Black? Facing the possibility of at least 15 years in jail, Black has won a 10-day postponement of his scheduled Nov. 30 sentencing. His lawyer Jeffrey...

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Beyond the SOX shock? Title: Beyond the SOX shock?
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Filed in archive SOX by leon on November 16, 2007

Interesting data coming out suggests that Sarbanes-Oxley is unlikely to be overhauled. That's despite the jury still out on its effectiveness.But a study released last week by Protiviti has found...

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Ethical dilemmas Title: Ethical dilemmas
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Filed in archive Ethics by leon on November 16, 2007

Every board, organization and employee comes across ethical dilemmas. After discussing these issues with ethicists, I have put together a framework to resolve them. There is no right or wrong answer...

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Restatements: CEO, CFO and top management turnover Title: Restatements: CEO, CFO and top management turnover
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Filed in archive Accounting by leon on November 15, 2007

If you are a manager, chief financial officer or auditor working for a company that comes out with a restatement, start looking for another job. That's the only conclusion you can draw from a new...

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Yahoo: evil in China Title: Yahoo: evil in China
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Filed in archive Ethics by leon on November 14, 2007

So Yahoo has reached a settlement with the families of Chinese journalists who were jailed after the company ratted on them. It comes after a savaging from Congressional representatives but this case...

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More funny money on Wall Street Title: More funny money on Wall Street
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Filed in archive markets by leon on November 14, 2007

Last week, I did a blog entry warning that wall street faces a "level three storm" with a change in an accounting rule that will force banks to rate their assets according to how liquid...

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Business struggles with sustainability Title: Business struggles with sustainability
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Filed in archive strategy by leon on November 14, 2007

The good news is that sustainability is on the boardroom agenda. The bad news is that business doesn't know what to do about it.A new study by the Economist Intelligence Unit, Action or...

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Mapping the climate change industry Title: Mapping the climate change industry
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Filed in archive strategy by leon on November 13, 2007

The climate change industry is in its early stages and it's worth monitoring. Business is now obsessed with carbon and carbon neutrality, which is difficult to define because we don't yet...

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Accountants and fraud Title: Accountants and fraud
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Filed in archive Accounting by leon on November 13, 2007

What's wrong with this picture? When bean counting giant Grant Thornton asked chief financial officers and senior comptrollers whether they thought auditors were responsible for detecting any and...

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Facebook Über Alles Title: Facebook Über Alles
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Filed in archive strategy by leon on November 12, 2007

Facebook's plans for world domination have been revealed.In an interview in Portfolio.com, the company's chief financial officer Gideon Yu laid his cards on the table. ""There are...

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GAO slates IRS Title: GAO slates IRS
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Filed in archive Compliance by leon on November 12, 2007

The Government Accountability Office has once more canned the Internal Revenue Service for its sloppy internal controls, legacy systems and dodgy Information Security.In its report, the GAO said the...

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Court blow for BAE and British Government Title: Court blow for BAE and British Government
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Filed in archive corporate crime by leon on November 11, 2007

Bad news for the British Government's attempt to cover up questions about BAE bribes to the Saudi Arabian government with two anti-arms trade groups, Campaign Against Arms Trade and The Corner...

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Who got rich going to Rio? Title: Who got rich going to Rio?
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Filed in archive markets by leon on November 10, 2007

With expectations that the world's biggest miner BHP Billiton will have to sweeten its bid for Rio Tinto, it's clear that Rio shareholders are in a very strong position. But the question is...

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Thinking and sending Title: Thinking and sending
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Filed in archive Compliance by leon on November 09, 2007

Not that long ago, I did a blog entry looking at a suggestion from Bearing Point's information technology global solutions leader Rob Hillard suggesting that companies should replace one-on-one...

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Rupert Murdoch and the accidental director Title: Rupert Murdoch and the accidental director
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Filed in archive corporate governance by leon on November 09, 2007

Rupert Murdoch continues to rewrite the rules of corporate governance by appointing natalie Bancroft, a 27-year old opera singer, to the board of his global media empire. A mezzo-soprano who lives in...

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Eight reasons for ethics awareness programs Title: Eight reasons for ethics awareness programs
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Filed in archive Ethics by leon on November 08, 2007

It's often said that you can't teach ethics. But that's not the same as saying that ethical values can't be passed on. The problem with ethics awareness programs is that it's...

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Conrad Black hires star lawyer Title: Conrad Black hires star lawyer
PermaLink: http://www.soxfirst.com/50226711/conrad_black_hires_star_lawyer.php

Filed in archive corporate crime by leon on November 08, 2007

On the face of it, Conrad Black is facing a long spell behind bars after losing his 11th hour bid to stay out of jail failed when the judge refused to overturn his fraud conviction.Still, Black will...

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Wall Street to be hit by a Level Three Storm Title: Wall Street to be hit by a Level Three Storm
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Filed in archive markets by leon on November 07, 2007

As the Financial Times pointed out this week, an "information problem" lies at the bottom of the latest financial market turmoil. Let's put it simply: no-one knows how big the losses...

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CEO revolving door continues Title: CEO revolving door continues
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Filed in archive corporate governance by leon on November 07, 2007

Good news and bad news for CEOs. The level of CEO turnover has eased back slightly but it's still insecure times for the top brass, according to the latest Booz Allen Hamilton study.CEO turnover...

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