Filed in archive regulators
by leon on June 30, 2006
More developments in the Citigroup-insider trading case in Sydney today. And reading the court document filed by the Australian corporate regulator today left me wondering whether the Australian...
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Enron has shaken the corporate world to its foundations. The trial is over but directors and managers are still asking what lessons are to be drawn from the debacle. Chances are the questions will...
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The World Cup has highlighted attention on football's governing body FIFA runs itself and its president Sepp Blatter.Things have got so bad that FIFA has been forced to put out a press release...
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Filed in archive Compliance
by leon on June 27, 2006
Last month I blogged on how US banks, Internet-service providers and other companies were joining the telcos in providing confidential information about their customers to security agencies. I also...
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Filed in archive executive pay
by leon on June 27, 2006
The Securities and Exchange Commission will set down the ground rules this summer for the timing of companies to issue stock option grants, says SEC chairman Christopher Cox.Now, to my way of...
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The legal battle between US prosecutors and Conrad Black, the next big fish in the corporate prosecutions checklist, has escalated with prosecutors mocking Black and accusing him of telling lies...
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Filed in archive SOX
by leon on June 26, 2006
Hard to go past last week's piece Trusting Bosses Not to Cheat by Floyd Norris in the New York Times. You can read all of it here.Seems that for all the fear and loathing about Sarbanes-Oxley,...
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Filed in archive executive pay
by leon on June 23, 2006
All the focus and bad press about some of the huge pay-outs to corporate execs has tarnished America's reputation, according to a report from HR consultancy Watson Wyatt Worldwide.Still, the...
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Filed in archive regulators
by leon on June 23, 2006
British Airways faces a joint US-UK investigation into price fixing.The probe is on ticket prices, and particularly the fuel surcharges airlines have been adding to offset the rising cost of...
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Seems like brokers have discovered corporate governance.Companies with solid corporate governance deliver superior returns to investors, according to a Goldman Sachs JB Were report.The research...
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Filed in archive SOX
by leon on June 22, 2006
Hastily and clumsily drafted, Sarbanes-Oxley looks like being hit with the law of intended consequences, says former Securities and Exchange Commission chairman Harvey Pitt.Writing in the Financial...
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Filed in archive Ethics
by leon on June 21, 2006
"Last fall, bentley college management professor Tony Buono taught a class on corporate scandals with colleagues pitching in from finance, accounting and even the philosophy department. The four...
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Plenty of focus on the new breed of shareholder this season.A record number of shareholder resolutions were on file for this year and they were mainly in three areas: global warming, toxins and...
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Filed in archive risk
by leon on June 20, 2006
In the post Sarbanes-Oxley era of corporate governance awareness, companies everywhere are beefing up their internal controls.Trouble is it's not doing anything to make them less vulnerable to...
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Convicted fraudster Jeff Skilling has given his first extended interview, and the Enron conviction has done nothing to change his self-serving breathtaking arrogance."A lot better people than I...
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Filed in archive risk
by leon on June 19, 2006
Interesting commentary now coming up on the challenging polemic on climate change An Inconvenient Truth starring the once and maybe future presidential candidate Al Gore.The film has profound...
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Filed in archive Ethics
by leon on June 18, 2006
"I"LL BE BACK"Non-Terminator scientists are now working on a code of ethics for robots as they become more sophisticated in their handling of data, reports The Sunday Times.The...
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Filed in archive regulators
by leon on June 16, 2006
Fascinating to follow the coverage of former New York Stock Exchange chief Richard Grasso invoking his Fifth Amendment right not to answer questions more than 150 times in relation to a deposition...
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Filed in archive SOX
by leon on June 16, 2006
More evidence that accountants have been the big winners from Sarbanes-Oxley. At the expense of smaller companies.......
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And that makes it four!In a deal to get out of jail, EMI has agreed to pay $3.75 million to a music charity after being accused of paying (read: bribing) radio programmers to play specific songs by...
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Filed in archive Ethics
by leon on June 15, 2006
Five years on, how has Enron shaped our views on corporate integrity?With all the media attention on corporate ethics scandals, US employee opinions on corporate integrity have jumped 11 per cent,...
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