It just keeps getting better.Conrad Black, the disgraced peer and Canadian-born media mogul who now faces a multi-million fraud trial in the United States next March, has been named in letters...
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Oxfam has released a damning report accusing sportswear giants like Nike, Reebok, Puma and adidas of failing to live up to their claims that they are improving the working conditions of suppliers in...
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Filed in archive SOX
by leon on May 30, 2006
Now that Ken Lay and Jeff Skilling are set to spend the rest of their lives in the slammer, questions are being asked (again) whether it's time to unwind Sarbanes-Oxley. Apparently the system has...
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Filed in archive executive pay
by leon on May 30, 2006
Interesting piece worth looking at in Fortune this month on the limitations of Section 304 (forfeiture of certain bonuses and profits) of Sarbanes-Oxley.......
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In the new york times over the weekend, Gretchen Morgenson came out with the rhetorical question Are Enrons Bustin' Out All Over.......
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Filed in archive Ethics
by leon on May 27, 2006
With Citigroup being sued in Australia for insider trading, the corporate regulator has made a veiled attack on the world's biggest investment bank and all the financial giants, claiming they are...
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That's the Question that's been asked since the jurors brought down the guilty verdict for Lay and Skilling.......
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Enron's Ken Lay and Jeff Skilling have been found guilty, in the latest news to hand.......
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The blogosphere and commentary zone are buzzing with the news how Fannie Mae's Franklin Raines, the now-deposed chairman and chief executive of the home mortgage giant, secured more than $52...
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Filed in archive Ethics
by leon on May 24, 2006
Wal-Mart, the world's biggest retailer is looking for a global director of ethics and handing over the search to Martha Montag Brown & Associates. Job Description: the person needs to be...
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Filed in archive SOX
by leon on May 23, 2006
With Kenneth Starr leading the constitutional challenge to the Public Company Accounting Oversight Board, the PCAOB has flagged its defence strategy which you can read about here and here.Basically,...
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Filed in archive Ethics
by leon on May 23, 2006
As if The Da Vinci Code needed more publicity!Opus Dei has put out a press release accusing Sony Corporation of breaching its own code of conduct.The press release, under the headline...
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Filed in archive Compliance
by leon on May 22, 2006
Plenty of debate since the USA Today report earlier this month that the national security Agency was using data provided by AT&T, Verizon and BellSouth to collect phone call records of tens of...
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With the Enron jury set to return from its weekend break today, it's worth looking at what we have learned from the trial.......
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Exxon Mobil has gone on the offensive with a report claiming it spent more than $3 billion last year on expenses related to the environment. It's reputation management by a new CEO in the wake of...
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Filed in archive regulators
by leon on May 18, 2006
I have one rule of thumb with companies:If I don't understand what they are doing, and they can't or won't explain(Q: So what do you do? A: We leverage our capabilities to provide clients...
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Filed in archive SOX
by leon on May 17, 2006
As expected, the Securities and Exchange Commission has put out an announcement that smaller companies will not be exempted from the Section 404 rule designed to strengthen financial controls.What it...
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Former Securities and Exchange Commission chairman Arthur Levitt has given American International Group (AIG) a corporate governance makeover, reports The Wall Street Journal. This came after...
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Filed in archive Accounting
by leon on May 17, 2006
Doing business in China sure is no cake-walk.Last month I blogged on the corporate governance issues confronting businesses wanting a piece of the action in China. In addition, more than $900 billion...
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Filed in archive Ethics
by leon on May 16, 2006
Even the world's biggest funds are at it now. More of them are turning towards socially responsible investment, with investment funds totalling trillions of dollars now endorsing the UN-backed...
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Filed in archive SOX
by leon on May 15, 2006
Plenty of focus on whistleblower Mark Livingston's fight with Wyeth Pharmaceuticals, hailed as one of the first cases decided by a federal court under the Sarbanes-Oxley Act. Livingston claims he...
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