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Conrad Black and the cash for peerages affair Title: Conrad Black and the cash for peerages affair
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Filed in archive corporate crime by leon on May 31, 2006

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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Red card for sportswear brands Title: Red card for sportswear brands
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Filed in archive corporate reputation by leon on May 31, 2006

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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Untangling SOX: the post-Enron debate Title: Untangling SOX: the post-Enron debate
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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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Pay clawbacks Title: Pay clawbacks
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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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Looking for the next Enron Title: Looking for the next Enron
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Filed in archive corporate crime by leon on May 29, 2006

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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The Citigroup case Title: The Citigroup case
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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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What have we learned from Enron? Title: What have we learned from Enron?
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Filed in archive corporate crime by leon on May 26, 2006

That's the Question that's been asked since the jurors brought down the guilty verdict for Lay and Skilling.......

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Newsflash! Enron's Lay, Skilling guilty Title: Newsflash! Enron's Lay, Skilling guilty
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Filed in archive corporate crime by leon on May 25, 2006

Enron's Ken Lay and Jeff Skilling have been found guilty, in the latest news to hand.......

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Fannie Mae's flim-flam flayed Title: Fannie Mae's flim-flam flayed
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Filed in archive corporate crime by leon on May 25, 2006

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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Send In The Ethics Cops Title: Send In The Ethics Cops
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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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PCAOB goes for the technical defence Title: PCAOB goes for the technical defence
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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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The Da Vinci Code: Sony's Ethics Conspiracy? Title: The Da Vinci Code: Sony's Ethics Conspiracy?
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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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Bugging Business Title: Bugging Business
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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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Enron: Long Road Ahead Title: Enron: Long Road Ahead
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Filed in archive corporate crime by leon on May 22, 2006

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, climate change and the reputation wars Title: Exxon Mobil, climate change and the reputation wars
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Filed in archive corporate reputation by leon on May 19, 2006

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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SEC and The Jargon Maze Title: SEC and The Jargon Maze
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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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News flash: No Sarbanes-Oxley exemptions for smaller companies Title: News flash: No Sarbanes-Oxley exemptions for smaller companies
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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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AIG's repair job Title: AIG's repair job
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Filed in archive corporate governance by leon on May 17, 2006

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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PricewaterhouseCoopers & Ernst & Young: China Blue Title: PricewaterhouseCoopers & Ernst & Young: China Blue
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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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Ethical Investment: Does Virtue Pay? Title: Ethical Investment: Does Virtue Pay?
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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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Sarbanes-Oxley, Whistleblowers and Culture Clash Title: Sarbanes-Oxley, Whistleblowers and Culture Clash
PermaLink: http://www.soxfirst.com/50226711/sarbanesoxley_whistleblowers_and_culture_clash.php

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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