(This was so interestingwith regard to the coredebate about corporate governance,that we have posted much it here.)
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Global Convergence on Anti-corruption Compliance: A Canadian Example
”A recent proceeding under the Canadian anti-corruption statute, reflects a further step toward a global convergence on the benchmarks of anti-corruption compliance. Niko Resources Ltd., an international oil and natural gas exploration and production company headquartered in Calgary, recently pleaded guilty to violations of Canada’s Corruption of Foreign Public Officials Act and agreed to implement […]
“Is Olympus a Company-Specific Problem, or a Systemic Problem?” – Neither, Really
We should keep in mind two things:
Japanese Corporate Governance as Seen in Terms of ESG Scores – Some Sompanies Have Issues, But Many are Also Top Rate
Mr. Kengo Nishiyama, analyst of Nomura Equity Research, has submitted the report below. Summary:
10/26 TSE Announcement: “Request in relation to recent issues pertaining to listed companies”
Tokyo Stock Exchange, Inc. and Tokyo Stock Exchange Regulation hereby released the Request in reaction to recent issues pertaining to listed companies.
Request in relation to recent issues pertaining to listed companies (Reference Translation) –
http://www.tse.or.jp/english/news/09/b7gje6000000r78v-att/request_20111026.pdf
Creating a Culture of Integrity
In this keynote address delivered to participants at the 2011 Ascendant Compliance Conference, CFA Institute Board of Governors Vice-Chair Alan Meder considers the value of integrity to the capital markets, while developing a powerful rationale for instilling a culture of integrity at asset management firms.
Olympus – What’s Going On? The Letter, Some Information, But Few Explanations
Everyone has probably seen the letter sent by Mr. Woodford to Chairman Kikukawa on October 11, soon before the former was summarily fired as Representative Director (but of course, he is still a director at present). But for those who have not read it, here it is:
The Nut of the Problem: Olympus, Kyushu Electric, and the “Third Party Committee” Problem
To say the obvious: Japanese companies need truly independent oversight, – by actual board members who can vote, and fit a legal definition of independence. Here, the words actual, vote, and legal definition need to be stressed, because presently in Japan:
What Olympus Reveals: Deja Vu All Over Again
Unfortunately, Olympus is just the latest in a long stream of incidents that show that it is high time Japan made major changes to its corporate governance regime.
ISS Draft Voting Policies Indicates Possible Impact on Compensation Committee Elections from Say-on-Pay Votes and Recommendation
What will cause ISS to recommend withhold or against the election of compensation committee members as a result of poor say-on-pay votes in 2012? A hint lies in the just-released ISS draft voting policies for 2012. ISS is looking for input from the corporate governance community until October 31st.