When Talisman Energy purchased a 25 percent stake in the Greater Nile Petroleum Operating Company (GNPOC) in Sudan for C$278 million ($290 million) in 1998, the Canadian oil and gas producer was almost immediately battered by shareholder activists who believed oil production from the project was providing financing that was prolonging Sudan’s civil war....
ESG Archive
Many companies have started voluntarily reporting on non-financial matters such as biodiversity, human rights and climate change as they feel the need to communicate their commitment to stakeholders and the community. SD Reporting might actually become – cool.
Aaron Dhir, an ass...
Corporate stakeholders, including shareholders, employees, communities and public officials, expect companies to manage, mitigate or prevent the adverse social and environmental impacts that may be associated with a company’s operations. CSR programs help companies ensure that they are responsive to these concerns. An effective CSR program is implemented throug...
Trying to regain economic traction has been especially hard for the banking industry whose reputation has been tarnished after a host of financial scandals, such as the mortgage crisis and the massive credit crunch that crippled the US economy. Some banks are beginning to use corporate social responsibility (CSR) initiatives to help rehabilitate their image and improve profitab...
At a time when it seems the value of almost everything is diminishing, a recent survey suggests that integrity is increasing in value. If you didn’t think integrity had a monetary value or, on t...
According to a report released by the Association of Certified Fraud Examiners (ACFE), that doesn’t mean controls aren’t working but rather companies must keep up controls despite a down economy.
For example, if two employees sign checks in accounts payable and one of them is laid off, company officers would do well to name a back-up immediately. 'Fi...
Good CSR means companies being committed to developing and integrating appropriate practices into everyday corporate strategic plans, which will both ensure they behave as good corporate citizens and help promote a better society.
Alas, a recent PricewaterhouseCoopers (PwC) report reveals that in Canada, ‘About one-half (48 percent) of privat...
The board directors of US public companies should cast light on boardroom decision-making or have to justify keeping shareholders in the dark, according to an article published in Duke Law School’s Journal of Law and Contemporary Problems.
The creation of a new ‘directors’ duty to inform’, proposed by the article’s author, John Wilcox, chairman of US board advisory fir...
The case against Lauren Stevens, the former vice president and associate general counsel of GlaxoSmithKline (GSK), has been dismissed without prejudice, according to news sources.
Last week, Stevens asked US District Judge Roger Titus to dism...
Last week, the global investment banking and securities firm announced that Tim Ingrassia, who has been in the position since 2008, is moving to a new role, joining Jack Levy and Gene Sykes as a co-chairman of Goldman’s global M&A. Ingrassia joined the firm since 1986 and part of his responsibilities will include enhancing the firm’s global market share while developing new relationsh...
