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SOX
by leon on April 29, 2006
Earlier this month, I posted an entry on Harvey Pitt's recommendations to fix Sarbanes-Oxley.The former Securities and Exchange Commission chairman expands on it more here in this Q&A session ...
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corporate crime
by leon on April 28, 2006
This week's cross-examination of Ken Lay gives some fascinating insights into what happens when an old bull accustomed to power and control discovers that he is no longer in charge.Check out the e...
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SOX
by leon on April 27, 2006
As expected, the battle to unwind Sarbanes-Oxley has gone into overdrive.In his testimony to the House capital markets subcommitee, the chairman of the New York Stock Exchange Marshall Carter has warn...
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Compliance
by leon on April 26, 2006
The irony is just too much. The Government Accountability Office has found that material weaknesses in the Securities and Exchange Commission's internal controls identified in an audit of the SEC&...
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risk
by leon on April 26, 2006
I have already blogged on Ernst & Young's brain fade when they lost a lap top containing confidential information of its customers including Sun Microsystems, Cisco, IBM and BP.Ernst & You...
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SOX
by leon on April 26, 2006
Hopes of the Securities and Exchange Commission providing exemptions for small companies from key Section 404 provisions of Sarbanes-Oxley have been dashed.SEC chairman Christopher Cox has told Congre...
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SOX
by leon on April 25, 2006
I have blogged on how accountants have been the big winners out of Sarbanes-Oxley. It's perverse when you think about their role in the scandals that resulted in the legislation.Claiming accountan...
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strategy
by leon on April 25, 2006
Peter Kinder is the president of Boston-based KLD Research and Analytics, an institutional investment social research firm which has investing screens that allow investors to avoid stocks deemed to be...
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strategy
by leon on April 23, 2006
Does virtue pay? The impact of corporate social responsibility on the bottom line is examined in Forbes. As it says, the concept is poorly understood and ill-defined but it has clear profit implicatio...
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SOX
by leon on April 22, 2006
And so, as expected, the Securities and Exchange Commission's advisory committee has given draft recommendations exempting thousands of small companies from key parts of Sarbanes-Oxley the big tic...
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SOX
by leon on April 21, 2006
The latest study suggests that compliance costs are dropping but don't expect that will reduce Pressure to overhaul Sarbanes-Oxley. Cynics might say that any study backed by the Big Four would hav...
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Compliance
by leon on April 20, 2006
Just couldn't go past this funny story.Here's a lesson for businesses struggling to meet the demands of data protection under Sarbanes-Oxley. Be careful how you encrypt the stuff that needs ex...
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corporate governance
by leon on April 19, 2006
Company directors who think corporate governance is just a fad are kidding themselves, according to a new report.The global report, released by Institutional Shareholder Services, covers interviews wi...
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by leon on April 19, 2006
Plenty of anger about the massive $398 million payout for Exxon Mobil Corp's former chairman Lee Raymond.Exxon has defended the golden farewell as an appropriate reward for "a very long and d...
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risk
by leon on April 17, 2006
With reports of US officials saying that the first case of bird flu could show up in the US in the coming weeks or months, and of President Bush about to approve a national response plan in the next w...
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markets
by leon on April 17, 2006
The latest Carnival of the Capitalists is up. Always worth checking out.
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SOX
by leon on April 17, 2006
Couldn't go past this Wall Street journal piece from former Securities and Exchange Commission chief Harvey Pitt that came out earlier this month. He says the biggest problem with SOX is its one-s...
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corporate governance
by leon on April 15, 2006
China's emergence on the world economic scene is no longer a matter of debate.You might be wary about some of the statistics coming out of China because like the economy, they are still evolving f...
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SOX
by leon on April 14, 2006
Is the Securities and Exchange Commission divided on the question of exempting smaller public companies from Sarbanes-Oxley? Or are the commissioners undecided and all over the place?Last week, we had...
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Ethics
by leon on April 13, 2006
Attracta Lagan is the Director of Corporate Citizenship and Ethics at KPMG in Sydney. Her latest book, 3D Ethics: Implementing Workplace Values provides a guide on building ethical organisations. Here...
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by Creative Weblogging on April 13, 2006
The Tribeca film Festival 2006 calls for a short movie competition!
Record and show them your own story in 15 seconds and win honor and glory.
In order to make your submissions as successful as poss...
Read more of How to make a short glorious movie
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Compliance
by leon on April 13, 2006
Employee monitoring is a fact. It's a trend happening the world over. Check this report from Japan, for instance, where more companies are putting in tracking software that, among other things, al...
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executive pay
by leon on April 12, 2006
Richard Grasso, the former chairman of the New York Stock Exchange, might be keeping his fingers crossed. This is the guy who went from pin-up boy to public villian almost overnight following the reve...
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Ethics
by leon on April 11, 2006
The Australian regulator's case against Citigroup seems to get weirder and weirder by the day with Australian Securities & Investments Commission's chairman Jeff Lucy announcing over the w...
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Accounting
by leon on April 11, 2006
When it comes to spending public money, the Pentagon is clueless and seems incapable of tracking the numbers. Check this announcement that there have been significant cost blowouts in 36 US Defence De...
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Ethics
by leon on April 10, 2006
Plenty of attention now being placed on Morgan Stanley with a wrongful termination suit affadavit lifting the lid on steamy email chats and the firm's chief technology officer Guy Chiarello puttin...
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SOX
by leon on April 7, 2006
The Free Enterprise Fund's lawsuit targeting Sarbanes-Oxley via the Public Company Accounting Oversight Board has been getting more attention lately.Basically, the law suit claims the PCAOB is in ...
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risk
by leon on April 6, 2006
Virus writers are not only attacking the anti-virus industry, they're also ganging up on each other, according to this sobering report from anti-virus software outfit Kaspersky Lab.According to th...
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SOX
by leon on April 5, 2006
First came the Securities and Exchange Commission's Advisory Committee on Smaller Public Companies' recommendations to exempt small caps from the internal controls provisions of Sarbanes-Oxley...
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executive pay
by leon on April 4, 2006
What never ceases to amaze me is the largesse of corporations towards CEOs, even as they preside over the loss of hundreds of billions in shareholder wealth.Check out the latest piece of research from...
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Ethics
by leon on April 4, 2006
Anyone who thinks Citigroup being sued in Australia for insider trading has no international implications should think again.As commentator Malcolm Maiden points out, the lawsuit is firing a shot at t...
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SOX
by leon on April 3, 2006
I have written extensively on the impact that Sarbanes Oxley is having on capital markets with the US disclosure and compliance rules resulting in more companies going public in London. Easier and les...
