ESG Archive

Mar 20, 2013
Many governance professionals complain about a lack of ethics in business. After all, you often find yourselves on the front lines of the movement for better corporate governance, fighting fraud and improving the ethical culture at your company.   But ethics can break down when rumors start to fly. How many people can honestly say they would pass up an opportunity to make money or eliminate a competitor if information contained in a r...
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Mar 15, 2013
Last week, Ethisphere Institute and Thomson Reuters presented the 2013 Global Ethics Summit in New York. Kelly Clark, general counsel of Holland America Line, Brian Miller, general counsel of AES Corporation, and Arnold Morse, chief legal officer of CACI International, all featured on a panel entitled ‘How has the role of the CLO evolved when it comes to ethics and compliance?’  Moderated by Carrie Penman, president, ethical leadership group, NAVEX Global, the ...
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Jan 31, 2013
It seems as though working harder doesn’t earn you a higher salary if you are a chief compliance officer (CCO). A recent survey by the Society of Corporate Compliance and Ethics (SCCE) reports that compliance officers who are involved in 76 percent to 100 percent of a company’s legal and regulatory affairs earned less than those who had up t...
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Jan 31, 2013
The Society of Corporate Compliance and Ethics (SCCE) believes it may be time to give chief compliance officers primary responsibility for dealing with data breaches. A recent study conducted by SCCE and the Health Care Compliance Association found that 65 percent of data breaches were caused by employees losing paper files or portable memory devices and 69 percent of the companies surveyed said they let the compliance and ethics department lead the remediation efforts aft...
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Dec 28, 2012
It appears more companies are deciding that sustainability reporting is an important part of corporate governance that can provide many benefits. These are the findings of the Governance & Accountability Institute’s 2012 Corporate ESG/ Sustainability/Responsibility Report, which was released this week. According to the repo...
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Dec 24, 2012
Smart companies are wasting no time in getting ahead of the compliance nightmare known as the Foreign Account Tax Compliance Act (FATCA). Nicknamed ‘Fat Cat’, it was enacted in 2010 to crack down on tax cheats who use offshore accounts and foreign bank secrecy laws to avoid giving Uncle Sam his fair share of taxes on their income. FATCA hopes to improve tax compliance for financial assets held by US citizens in bank accounts and other vehicles outside the countr...
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Nov 21, 2012
Corporate culture is a key to a productive work force and a successful company. The right corporate culture becomes a powerful risk-mitigator, and the right culture is one whose tone is set at the top – by the board and the CEO.   Remember Enron, brought down by a culture that mouthed all the right words, but val...
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Nov 06, 2012
Despite an ‘encouraging’ improvement in corporate reporting, with many companies embracing changes ahead of upcoming reforms, a significant number have yet to act and could struggle when the time comes, according to research from business advisory firm Deloitte.

 Two areas of concern highlighted by Deloitte’s ‘Joined up writing’ survey, which studies annual reports, are gender issues and carbon emissions. Just one company ...
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Oct 18, 2012
If there is one person that most financial industry charlatans try to avoid, it is Preet Bharara, the US attorney for the Southern District of New York, who has taken the prosecution of white-collar crime to a whole new level. Since taking office in 2009 Bharara has become the most feared prosecutor on Wall Street, cracking an impressive string of fr...
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