A growing general movement with support from identities including former Australian federal opposition leader John Hewson is encouraging investors to reconsider their shares in coal and other fossil fuel intensive industries, warning that they face significant depreciation if the international community steps up its regulation of carbon emissions.
Canada is the latest country to require resource companies to increase transparency in respect of their payments to foreign governments, in line with the United States (US) Rules 17 CFR Parts 240 and 249 - Disclosure of Payments by Resource Extraction Issuers and proposed revisions (25 October 2011) to European Union Directive 2004/109/EC, known as the EU Transparency Directive.
In the fall of 2011, Cisco Systems Inc. (Cisco) embarked on a total redesign project of their Code of Business Conduct (COBC). To reach their mobile, global workforce and to strengthen employee engagement and mitigate risk, the Cisco ethics team decided to create a custom digital or e-book version of the COBC. One reason Cisco decided to create the e-book was the company’s goal of being a paperless workplace. Another was the need for additional online, interactive ethics content due to 85% of Cisco employees working from home or being on the road.
According to a University of Michigan researcher, an employee’s work environment plays a bigger role than previously thought on whether or not they will report unethical behavior. David Mayer, assistant professor of management and organizations, found that a person’s supervisor and co-workers play a major role in an employees’ decision to speak up about wrongdoing.
The United States (US) Department of Justice (DoJ) has announced that Total SA (Total) has agreed with the DoJ to enter a deferred prosecution agreement and pay US$245.2 million to settle allegations that it breached the Foreign Corrupt Practices Act (FCPA). The DoJ asserted that Total paid approximately US$60 million in bribes to an Iranian government official between 1995 and 2004, in order to procure development contracts for the Sirri A and E and South Pars oil and gas fields.
The United States International Trade Commission (ITC) has issued a notice (4 June 2013) finding that certain older Apple iPhone and iPad models infringed upon patents held by Samsung for its products, and ordering that Apple be prohibited from importing "wireless communication devices, portable music and data processing devices, and tablet computers" that infringed on the patents.
The International Air Transport Association (IATA) has passed a resolution asking world governments to come to an agreement regarding measures to manage carbon dioxide emissions from air travel, in particular, a global market-based mechanism that would enable airlines to account for and offset greenhouse gas emissions.
The United States (US) Attorney's Office for the Southern District of New York (USAO) has made available a sealed indictment (undated) charging digital currency company Liberty Reserve and seven associated individuals with money laundering, in what prosecutors have described as "the largest international money laundering prosecution in history". According to the indictment, the defendants have also been charged with conspiring to operate as well as operating an unlicensed money transmitting business.
European Commission (EC) competition commissioner Joaquín Almunia has told European Parliament (EP) that the EC's public consultation on the terms of an antitrust settlement by Google Inc (Google) will be extended by one month. Mr Almunia reportedly told the EP that preliminary analysis of the submissions received on the matter suggested that the EC would almost certainly need to demand further concessions from the online search engine company.
Automaker Daimler has recalled at least 6,000 of its luxury model Mercedes-Benz A-Class vehicles and will carry out free repairs on their front passenger airbags to ensure they inflate in the case of an accident. Reportedly, the recalled vehicles were produced during the period June - December 2012, and most of the affected cars were sold in Germany. Daimler spokesperson Wolfgang Zanker reportedly declined to comment on the cost of the airbag repairs.