Stora Enso in Ethisphere Institute’s list of the World’s Most Ethical Companies< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman
Muriel Siebert, the first woman to own a seat on the floor of the New York Stock Exchange, talks about risk-taking, feminism, and ethics in finance.
View post: Wall Street’s toughest octogenarian woman
An external report has criticized former SEC inspector general David Kotz for breaching ethics rules by supervising investigations that involved people with whom he had “personal relationships.” The probes include one into the SEC’s failure to catch Bernard Madoff. However, SEC bete noire Charles Grassley points out that the report found that the watchdog’s audit and investigative work “was not compromised.” 6 comments!
View post: An external report has criticized former SEC inspector general David Kotz for breaching ethics rules by supervising investigations that involved people with whom he had "personal relationships." The probes include one into the SEC’s failure…
San Francisco: Panel says embattled Sheriff Ross Mirkarimi committed misconduct
San Jose Mercury News
SAN FRANCISCO — A city panel has decided that San Francisco's suspended sheriff committed official misconduct after a domestic violence conviction. After a hearing Thursday that lasted more than 10 hours, the five-member San Francisco Ethics …
Ethics panel finds San Francisco sheriff committed misconduct
SF panel says sheriff committed misconduct
SF panel says ousted sheriff committed misconduct
Mogul’s message outlining review of compliance with bribery laws in several of its publishing arms, including News International
As you are all aware, our company has been under intense scrutiny in the United Kingdom. I assured parliament and the Leveson inquiry that we would move quickly and aggressively to redress wrongdoing, co-operate with law enforcement officials and strengthen our compliance and ethics programme company-wide. With the support of our board of directors, I am pleased to tell you that we have made progress on each of these important steps.
Gerson Zweifach, senior executive vice-president and group general counsel, News Corporation, is now our chief compliance officer and has assumed overall responsibility for our effort to create a more robust global compliance and ethics programme. Lisa Fleischman, vice-president and associate general counsel, News Corporation, is our deputy chief compliance officer and will exercise day-to-day operational responsibility for the global compliance and ethics programme. In these capacities, Gerson and Lisa will report regularly to the board of directors and the audit committee regarding the content and operation of the compliance and ethics programme.
For purposes of the compliance and ethics programme, all of our business units will be organised into five compliance groups: the LA Cable and Broadcast Group; the LA Film and TV Production Group; the Europe and Asia Group; the Australia Group; and the New York News and Information Group. Each group will be headed by a group chief compliance officer who will report directly to Gerson and will focus full-time on compliance issues.
We have already strengthened and expanded our anti-bribery training programmes. To ensure the effectiveness of our entire compliance and ethics programme, we have recently initiated a review of anti-corruption controls in selected locations around the globe. The purpose of this review is to test our current internal controls and identify ways in which we can enhance them. Let me emphasise that the review is not based on any suspicion of wrongdoing by any particular business unit or its personnel. Rather, it is a forward-looking review based on our commitment to improve anti-corruption controls throughout the company.
We recognise that strengthening our compliance programmes will take time and resources, but the costs of non-compliance – in terms of reputational harm, investigations, lawsuits, and distraction from our mission to deliver on our promise to consumers – are far more serious.
As one of the world’s most innovative media companies, News Corporation serves a vital role in the global marketplace of ideas. Every day, hundreds of millions of people rely on us to provide high-quality news, sports programming, and entertainment. To continue to be worthy of the trust of our audiences around the world, we all have an affirmative obligation to adhere to the highest standards of ethical behaviour, consistent with our standards of business conduct. The enhancements to the compliance function that are already underway and that we are planning will help us to maintain those standards.
Please join with me in this important effort and give it your full co-operation and support.