Sniffing out the bad apples
The King II Report on Corporate Governance defines ‘transparency’ – one of the key characteristics of corporate governance – as the ease with which an outsider is able to make a meaningful analysis of a company’s action, its economic fundamentals and the non-financial aspects pertinent to the business.
23 January 2009
As a shareholder activist, I have been exposed to numerous incidents of corporate behaviour that suggest a remarkable lack of transparency, as well as questionable ethics in the pursuit of increased profit. In some cases this behaviour may be seen to constitute deceitfulness and/or incapacity to experience guilt or accept responsibility for their actions. The following incidents comprise a very small set of recent examples that I have encountered.
Non-reporting of foreign losses
ITWeb Premium
Get 3 months of unlimited access
No credit card. No obligation.