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SOX
by leon on March 1, 2006
So six out of 10 directors want Sarbanes-Oxley scrapped or overhauled according to Korn/ferry International's latest Board of Directors Study. The directors say the regime has made boards too caut...
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shareholder activism
by leon on March 1, 2006
Top New York class action law firm Milberg Weiss Bershad Schulman is in the gun. Bloomberg reports that prosecutors have told two of its partners, Steve Schulman and David Bershad, that they can expec...
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Compliance
by leon on February 28, 2006
Welcome to Dumbsville.First, a red-faced H&R Block, which helps millions of people do their taxes, comes out with the embarrassing news that it messed up its own tax bill and that it owes another ...
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corporate governance
by leon on February 27, 2006
With the growing push by shareholder activists to change the rules so that directors would need a majority of votes to join boards, BusinessWeek poses the question: Should Directors Be Nervous?Theoret...
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SOX
by leon on February 23, 2006
Moves by a Securities And Exchange Commission advisory panel to exempt 80 per cent of companies from having their internal controls certified have come under fire from former SEC heavies, Paul Volcker...
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Compliance
by leon on February 22, 2006
Last year, US Chamber of Commerce president and chief executive Thomas J. Donohue gave an address calling on all publicly traded companies to stop offering quarterly earnings guidance, saying these cr...
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Accounting
by leon on February 22, 2006
With KPMG still fighting to hose down trouble over its tax shelters the firm has been dragged over the coals again. This time, the Securities and Exchange Commission is taking action over two of its a...
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corporate governance
by leon on February 22, 2006
So David Edmondson, who admitted to lying about his academic credentials, has quit as RadioShack chief executive.CV fraud is not uncommon.Interestingly, his resignation announcement did not mention t...
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SOX
by leon on February 21, 2006
Attention shifts to the Securities and Exchange Commission's Advisory Committee on Smaller Public Companies which meets today.Sarbanes-Oxley seems to be unravelling with the committee's draft ...
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corporate governance
by leon on February 21, 2006
radioshack is in damage control, now that it's closing down stores after announcing its fourth quarter profit plunged 62 per cent.But not surprisingly, most of the focus is on the lies that CEO Da...
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corporate crime
by leon on February 17, 2006
Interesting account from Lynn Brewer, an Enron whistleblower, about the problems she faced bringing wrongdoing to light.One of the big problems, she says, is not just about confronting the resistance ...
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corporate reputation
by leon on February 16, 2006
The latest Trust Barometer put out by global public relations giant Edelman is a sobering read for business and government.Tracking views of 2000 opinion leaders around the world, it found trust in in...
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Compliance
by leon on February 15, 2006
IBM's Global Security Intelligence has warned that there will be a big shift in cybercrime this year. Along with mobile devices, instant messaging from botnets, blogging-led security leaks, inside...
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corporate crime
by leon on February 15, 2006
With the Enron trial now underway, the question arises how so many experts were fooled about the worthless company's purported financial success before it went belly-up. Management guru Gary Hamel...
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executive pay
by leon on February 13, 2006
With the SEC is tightening rules on executive compensation, an exercise aimed at creating greater transparency regarding company compensation policies, it's probably worth taking a look at the pro...
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corporate crime
by leon on February 11, 2006
Want your daily fix on the Enron trial? The best coverage I have seen is coming out the Houston Chronicle. Apart from the news stories, check out the Chronicle's daily blog Enron: Trial Watch and ...
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corporate governance
by leon on February 10, 2006
In Australia, the AWB-oil for food inquiry has claimed its first major scalp with the head of the AWB Andrew Lindberg resigning in the wake of allegations made in the UN report by former U.S. federal ...
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SOX
by leon on February 9, 2006
Kenneth Starr, who shot to Fame as the prosecutor in the White House Monica Lewinsky case, is part of a legal team challenging the constitutionality of the Public Company Accounting Oversight Board (P...
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Accounting
by leon on February 8, 2006
The prosecution deal the Government struck with KPMG for it to avoid prosecution over dodgy tax shelters is coming under scrutiny.Yes, these things are inevitable when the lawyers move in. Still, the ...
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Compliance
by leon on February 8, 2006
By Viagra!! With Yahoo and AOL planning a service that will charge businesses to send email , claiming the fee would help reduce fraudulent and spam email, Charles Kraeuter of Forbes has a thought-pro...
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SOX
by leon on February 7, 2006
Last month's World Economic Forum was told that concerns about offshoring were overblown and that for the first time in our history, you don't need physical proximity to be successful. healthc...
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Ethics
by leon on February 6, 2006
Consumer boycotts are back in the news again with the backlash throughout the muslim world over the Danish cartoons lampooning the prophet Mohammed. Danish company Arla Foods has been hit with a sever...
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corporate crime
by leon on February 3, 2006
With Enron's former head of investor relations Mark Koenig testifying that his ex-boss Jeff Skilling misled Wall Street analysts, the folks at Motley Fool have dusted off an interview with Skillin...
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corporate governance
by leon on February 2, 2006
A thought-provoking and contentious piece by Dennis M Ray from the University of St Thomas. Not everyone's going to agree with it - there are bits in it that I can't accept - but it's stil...
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by leon on February 1, 2006
The lawyers have presented their opening arguments in the long-awaited trial of Ken Lay and Jeff Skilling but for all the opprobrium heaped on the pair and the public outrage over Enron's collapse...
