Photo Credit: Panarmenian On February 5, Samsung’s Jae-yong Lee, vice-chairman and the heir to Samsung, was released on probation by an appellate court, avoiding a five-year prison sentence handed down from a previous ruling. The court could not find any “evidence of typical government-business corruption”, but instead ruled that Samsung was a political victim of… Read More
Photo Credit: Thailand’s Private Sector Collective Action Coalition against Corruption Collective action is a common method adopted by the private sector for anti-corruption initiatives around the world. It behooves companies to join together as a group that refuses to pay bribes. Uniting companies in the same industry and gathering key players in the larger business… Read More
Photo Credit: Wikimedia A recent Foreign Affairs article by Chris Miller highlighted how “the three-pronged strategy of Putinomics” has worked to keep the current resident of the Kremlin in power: “First, it focused on macroeconomic stability—keeping debt levels and inflation low—above all else. Second, it prevented popular discontent by guaranteeing low unemployment and steady pensions,… Read More
Photo Credit: Derek Blackadder via Flickr On Thursday, February 8th, a Bangladeshi judge convicted Khaleda Zia, the head of the opposition Bangladesh Nationalist Party (BNP) of embezzlement and corruption, sentencing her to five years in prison. Zia has been charged in 37 different incidents over the course of the three decades she’s been in politics,… Read More
Photo Credit: Feather Project The fight against corruption in Nigeria has hit a major roadblock as Danladi Umar, the chief judge in Nigeria’s Code of Conduct Tribunal, the counter-corruption court, has been charged with soliciting bribes in exchange for leniency in a ruling in 2012. Umar hurled himself into the media spotlight in June 2017… Read More
Most people now accept that good governance is a basis for long-term business success and sustainability. When it comes to investing in stocks, firms with good governance should be seen as relatively safe bets. Wouldn’t it be great if there were funds that handpicked stocks with such desirable qualifications for you? Thailand’s investment community took… Read More