The auditing firm Ernst & Young is the latest to feel the heat from the Madoff scandal. Last week the firm lost its case in a suit alleging that it had been negligent in its auditing of a feeder fund that helped contribute to Madoff’s scheme to defraud investors. Their liability is a stinging $200 m and tops Citco’s settlement earlier this year of $125m. Meanwhile, more money will be allocated to victims of the fraud, as prosecutions and suits gradually wind up and officials continue to search for more missing funds.
Category: Corporate Responsibility
This category is about corporate social responsibility (CSR), a form of corporate self-regulation integrated into a business model. The goal of CSR is to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere.
A survey completed by the UN Global Compact (UNGC) and Accenture sheds new light on the evolving attitudes on climate change held by chief executive officers across the world and throughout various industries.
New research by Global Tolerance found that 62 percent of surveyed millennials “only want to work for an organization that delivers social and environmental impacts.” Here’s how HR directors can bring this important information into the package they offer prospective employees.
For nearly 20 years, Americans have been coming together each November 15th to mark America Recycles Day. Today, recycling is such an integral part of American life that almost everyone recognizes that iconic chasing arrows recycling symbol, which we see everywhere. So do we really need one day set aside to promote recycling?
It’s been one year since General Mills purchased the beloved organic mac and cheese maker. We check in to see how acquisition is going and what it means for lovers of the Berkeley, Calif kid’s food maker.
Critics had attacked the choice of a fossil fuel company as a funder for the museum’s Atmosphere gallery on climate science. They said emails showed that Shell sought to influence the program.
This week, we round up properties and destinations around the world, relevant in today’s evolving and conscious society, which focus on sustainability and authentic, inspirational travel.
Indonesia’s fires are the biggest environmental disaster of 2015. Now, Greenpeace Indonesia drones found land burned in the past few weeks is already being turned into palm plantations on the island of Borneo.
A recent story in the Atlantic questions whether the USDA is silencing scientists for espousing inconvenient truths.
SPECIAL SERIES: Tech Titans: Community Citizens?
The city of Mountain View, California — home to Google, LinkedIn, Intuit and Microsoft’s Silicon Valley office — boasts gorgeous campuses for work and play. But it also has serious traffic and housing issues, and a lack of density in zoning regs is partially to blame.
Bill Johnson of StructureC3 referred to Uber and Airbnb as Death Star platforms in a recent chat. The label struck Neal Gorenflo, co-founder of Shareable, as surprisingly apt: It reflects the raw ambition and focused power of these platforms, particularly Uber. Platform co-ops are the alternative to Death Stars. As Lisa Gansky urged, these platforms share value with the people who make them valuable.
Many professionals aspire to become thought leaders or industry gurus, and we need such experts in our organizations. But becoming a respected thinker requires more than vast knowledge. You need to communicate your ideas effectively and influence others in a positive way. Without those components, the work of even the most brilliant minds goes to waste.
Arrow Electronics and several nonprofit partners are turning used cargo containers into fully equipped, solar-powered digital classrooms and health clinics that can be deployed to remote areas of Africa.
Yes, they need the basics – shelter, food, clothing and clean water. But they also need to become the innovators of their own future if they are going to live longer, better lives. The only way they will get there is by using computers—to learn, to connect, to collaborate with people who live beyond walking distance.
That’s why we decided to help bring the computers here. And the electrons.