Yearly Archives: 2012

If Bob Diamond’s resignation is “the first step towards a culture of responsibility” in the UK’s banking industry, what is the second? Any suggestion that it should be more rules is erroneous; there are already plenty with expensive compliance departments trying to enforce them. Scandals such as mis-selling and LIBOR have been caused by poor…

A recent article by Michael Skapinker in the Financial Times made the valid point that as far as ethical purchasing goes, consumers may talk the talk, but they are still a long way from walking the walk. A number of reasons are given as to why, most notably, consumers are inclined to tell researchers what…

When the Bribery Act became law last summer, it represented the first major change to UK anti-corruption legislation in over a century. Since it came on to the statute books it has been the focus of considerable management attention as businesses endeavour to ensure that adequate procedures are in place to prevent corruption. GoodCorporation invited…

Due diligence is proving to be one of the more challenging areas of Anti-Corruption management. Both the UK Bribery Act and the US Foreign Corrupt Practices Act (FCPA) have required businesses to focus their attention in this area. In 2011, every FCPA/SEC (US Securities and Exchange Commission) investigation involved the payment of bribes via third…

The latest GoodCorporation debate at the House of Lords revealed that few organisations have a specific Human Rights Policy in place or a nominated individual responsible for monitoring their Human Rights impact. In addition, only a handful of organisations admitted to conducting fact finding exercises to see what was happening on the ground or carrying…