ESG Archive

Feb 14, 2011
If Bernie Madoff’s now-defunct firm had had adequate and effective compliance procedures in place, would his Ponzi scheme have escalated to the massive scandal it became? James Fanto, a specialist in public companies and broker-dealer compliance and a professor at Brooklyn Law School, explains that a ...
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Feb 01, 2011
Bermuda- based Bacardi is putting its best foot forward on the social responsibility front. In its 2010 social responsibility report, titled ‘Spirit for Life,’ the spirits giant reports having recently contributed $4 million to programs designed to promote responsible drinking and help the environment. The veteran liquor company reduced its water consum...
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Jan 31, 2011
The SEC on Friday filed administrative proceedings against a company’s counsel for altering the offering documents the company provided to investors prior to handing those documents over to SEC examiners. The federal watchdog alleges David Tamman, a part...
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Jan 24, 2011
Siemens AG, Europe’s largest engineering company, has been called upon by John Liu, NYC’s comptroller to cut all relations to the US Chamber of Commerce. In the letter to Siemen’s CEO, Peter Loscher, the comptroller asks for the firm to retract its membership from the world's largest business fe...
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Dec 15, 2010
The world of ‘new media,’ as exemplified by WikiLeaks, has caught the attention of directors at public companies across the US who are now starting to take a new approach to digital communications that can affect the company’s corporate governance structure and reputation. In the midst of the recent scandals, WikiLeaks founder Julian Assange declared that half of the documents that have been funneled to the organization are from corporations. As a result, dire...
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Dec 14, 2010
In a first for the organization, the CFA Institute released its annual report via an interactive website. The ‘micro-site’ features videos from CFA’s president and chair of the board of governors that aim to educate members and other groups about CFA’s key initiatives for the next year, the association said. ‘We focus on the outcomes of our work,’ says John Rogers, CEO. ‘Our programs produce educated, ethical investment professionals...we advocate for...
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Dec 03, 2010
Ever wondered about the reason behind the sudden jump in CSR programs? Well, according to executives doing business: impacting communities is the main reason behind CSR programs. In a survey released today by Weber Shandwick’s Social Impact, a communications program formulated to address pressing social issues, corporations are seeking to invest in philanthropic or socially responsible initiatives to help their business gain ground in developing communities. The ...
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Nov 30, 2010
Grand & Toy and Impakt, a Toronto-based professional services firm launched a video series today that sets forth a new system of corporate social responsibility in an effort to address the growing importance of these practices in the business world, the company said. The four-part series titled ‘Corporate responsibility with Impakt,’ is hosted by the founder of the company, Paul Klein and focuses on the most important themes and topics surrounding CSR such a...
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Nov 29, 2010
With the after effects of the global financial crisis still being felt by many businesses and communities some companies are starting to evaluate their role in society and finding that integrating broad-based CSR and social media programs into everyday business practices may offer real opportunities for growth. According to a new report, ‘Just good business: Incorporating corporate social responsibility with social media,’ issued by Research and Markets, a resea...
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