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
Photo Credit: Robert Nagle, Vlore, Money Lenders,1997 At their height in November 1996, a series of Albanian “Ponzi” schemes held money equal to almost half of the country’s total GDP. The schemes were fronted by a series of companies and charitable foundations that sprung up in newly capitalist Albania and offered monthly interest rates on… Read More
Photo Credit: Heather (via Flickr) Recently I listened to a webinar focused on a somewhat unexpected topic: what can improvisation teach us about ethical behavior? The webinar was hosted by NYSE Governance Services, the leading governance, compliance and education solutions provider for companies and their boards, and Second City Works, the B2B side of The… Read More
Photo Credit: Transparency International The interplay of corruption and inequality feed off each other to form a destructive cycle between corruption, unequal distribution of power in a society and unequal distribution of wealth. This is the main conclusion from the recently published Transparency International’s (TI) 2016 Corruption Perceptions Index (CPI), which highlights the connection between… Read More
This blog post was originally published by Accountability Lab. Posted on CCTrends with permission. “Power doesn’t corrupt people, people corrupt power.” – William Gaddis Corruption, defined as exploitation of entrusted power for private benefit is, unfortunately, prevalent in Pakistan. It can take many forms, including bribery, graft, theft and extortion. In the corporate sector, its… Read More
This blog first appeared in The FCPA Blog on March 18, 2016. It is posted here with permission. By Worth MacMurray Heads up: The six-month anniversary in your new position will arrive in a flash. If you were hired as part of your organization’s response to a serious corruption allegation, you may still be in… Read More