Wednesday, April 16, 2008

Changing Ethics Compliance Rules And Their Potential Impact On Government Contractors And Investors

Recently, the US Government implemented a new rule and proposed yet more rules regarding ethics and corporate compliance programs for government contractors. This marks a continuing shift towards adopting a more aggressive approach in addressing government contractor fraud, which is similar to the protocols applied to other sectors of US industry.

The enacted rule addresses requirements for contractor codes of business ethics and conduct ("CBE"), awareness programs and internal control systems. The newly proposed rules go much further, heightening the need for contractors to strengthen their ethics and compliance programs and for investors to focus on these issues during due diligence.

Changing Ethics Compliance Rules And Their Potential Impact On Government Contractors And Investors

Labels: CBE, ethics, fraud

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Thursday, January 18, 2007

Senate passes Democrats' ethics bill

The Senate, responding to voter frustration with corruption and special interest influence in Washington, on Thursday overwhelmingly approved far-reaching ethics and lobbying reform legislation.

Under the bill, passed 96-2, senators will give up gifts and free travel from lobbyists, pay more for travel on corporate jets and make themselves more accountable for the pet projects they insert into bills.

Majority Leader Harry Reid, D-Nev., who made the bill his first initiative as head of the Senate, called it the "most significant legislation in ethics and lobbying reform we've had in the history of this country."

The Senate did reject the idea of setting up an independent office to investigate the ethical breaches of members. But it said that lobbyists can no longer hire the spouses of members or pay for lavish parties for members at national conventions.

Senate passes Democrats' ethics bill

Labels: ethics, government

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Trust and integrity – Is business ethics a lost cause?

ohn Plender, Financial Times columnist and co-author of a new book on finance and ethics, makes a compelling economic case for continuing the fight for good business behaviour While European business can learn about good ethics from the United States, EU executives can also take much from American errors, John Plender told Ethical Corporation’s Sustainable Finance Summit in November.

Making a keynote speech at the London conference, which covered a wide range of ethical finance issues, Plender began by reflecting on recent events in the world of US business ethics: Enron, Tyco, Global Crossing, WorldCom, stock options backdating scandals, Wall Street analysts peddling dud stocks and the collapse of the auditors Arthur Andersen. For many, in the light of these incidents, business ethics is an oxymoron, he said.

Trust and integrity – Is business ethics a lost cause?

Labels: ethics

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