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“Ericsson’s shareholders handed chief executive Börje Ekholm an unusual rebuke on Tuesday, voting to hold him accountable for the telecom giant’s mishandling of the Iraq bribery scandal and revelations about possible payments to the Islamic State terror group.”
As corruption is a business risk, the board members should take all the necessary measures to prevent, deter, detect, correct, and punish culprits….
Mike J. MasoudMarch 11, 2022 Each country that ratified the United Nations Against Corruption (UNCAC) should comply with its provisions. Article 6 of the UNCAC requires member states to “ensure the existence of a body or bodies, as appropriate, that prevent corruption.” Countries must have an Anti-Corruption Commission to comply...
Technical StaffFebruary 28, 2022 When corruption pervades a company, its culture and ideals are gradually altered. Corruption will destroy the organization if the leadership does not act quickly. A diligent leadership should scan its corporate environment regularly to detect corruption risks before it becomes uncontrollable. Corruption is cancer that afflicts...
Technical StaffFebruary 22, 2022 The revelations of this massive leak are chilly, fearful, shameful, and alarming. The Guardian report says that Credit Suisse has been hit with at least a dozen penalties and sanctions over the last three decades for tax evasion, money laundering, purposeful violations of US sanctions, and...
Mike J. MasoudJanuary 30, 2022 Corruption is an international problem, and the fight against it requires global efforts. Corruption fighters are in every corner of the world, working to eradicate corruption from their respective countries. But the corrupt, protected by their corrupt network, fight back fiercely, viciously, and cowardly. Who Should...
Mike MasoudDecember 24, 2021 A leader communicates successfully with stakeholders by using the word “we” rather than “I.” He accepts responsibility for his judgments and holds himself accountable for the outcomes of his decisions. The effective leader engages everyone involved in discouraging, preventing, and detecting fraud and corruption to accomplish...