The inspiration for the sustainability component of
Good governance comes from a variety of sources. It includes not only the
soft and hard law, but also the spiritual law. The clergy says that should
you believe in God; you should not believe in oil. World Council of Churches
(WCC), an organization of more than 500 million Christians, has joined a
global movement to boycott fossil investments.
This case is based on recommendations on Corporate
Governance is aimed primarily at companies whose shares are admitted to
trading on a regulated market. The objective is that the recommendations
are also appropriate for all companies to comply with laws, mandates and
principles of good governance to create value.
Copenhagen Compliance has developed assessment tools,
templates, framework and guidelines to help companies implement the new
directive in a structured and uniform way for continuous disclosure improvement
with features to enhance the quality of reporting.
With no clear direction or apparent interest, sustainability
teams spend valuable time lurking the blind spots. Misalignment on corporate
sustainability often results in the overuse of company resources on sustainability
efforts, with little value in return. Therefore, the board's engagement
on sustainability risks sends a strong message to management and employees.
Characterizing the financial, oversight, fines, social
and other costs of noncompliance can be as catastrophic or panicky. The
cascading effects of ongoing noncompliance can further accelerate the costs
and provide irreparable damage to reputation, trust and credit with the
stakeholders. This article recommends prevention, controls, early recognition,
monitoring and intervention as vital components of compliance.
Prof. Lars Bo Langsted recommends that the board of
directors actively debate the corporate governance recommendation to create
value. He further expects added focus on the corporate governance recommendations/standards
related to the current digital evolution in the coming years.
Current enforcement activities by the UK's Serious
Fraud Office (SFO) and FCPA are signaling a new era of relentless investigation
and prosecution of corrupt practices. The cases involve investigations for
individuals and companies such as GlaxoSmithKline, Alstom UK, Airbus Group
NV, Sweett Group and others. In this article, we review the recent bribery
and corruption cases brought against Scandinavian companies.
The case comes at a tricky time for the French parent,
as it has agreed to a $16.9 billion sale of most of its power business to
U.S. conglomerate General Electric in a deal that gives the French government
an option to become a shareholder.
JPMorgan, the largest bank in USA, has financial information
in its computer systems that go beyond customers' credit card details and
their databases potentially include more sensitive data. Since JPMorgan
has migrated much of the sensitive customer data to computer networks to
get speed and efficiency, they now are vulnerable to security breaches and
related side effects.
Crowdfunding or crowd investing is a growing phenomenon
that embraces several different models of financing for business or other
ventures. Equity crowdfunding is more complex than other forms of crowdfunding
and requires appropriate governance, checks and balances.