Words .....that work

used with discretion and in harmony, to excite, persuade or merely reveal


Stewardship At Its Best : Good News From PRI Engagement

Posted on April 27, 2013 at 9:30 AM

The global body of investors behind Principles for Responsible Investment has been busy.

Led by F&C Asset Management and Hermes Equity Ownership Services, PRI collectively manages more than $1.7 trillion in assets. It began engaging with 21 companies across 14 countries in March 2010 to encourage them to demonstrate they had appropriate anti-corruption controls.

Corruption as a...

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Delhi & Back : Urgent Thoughts For Boards

Posted on October 11, 2012 at 9:55 PM

Oh dear. How time flies when you have to go all the way to Delhi and back in a rush. And are then ill - so this blog has been silent for awhile, too long. Thank you to those who check in anyway, and linger gratifyingly on my DIY website.

Delhi : increasingly I do not understand how UK plc does business in India without paying bribes, looking the other way, or generally ignoring the premises on which UK  corporate governance is founded. My trip was only five nights, tiri...

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'Known Unknowns' Are Back With A Vengeance

Posted on July 9, 2012 at 5:55 PM

It seems the world has gone mad.

As Paul Tucker, the frontrunner to succeed Sir Mervyn King as governor of the Bank of England appears before the Treasury select committee to talk about conversations with Bob Diamond, ex-CEO of Barclays, around the LIBOR rate-rigging scandal, I think that's a valid point. (The link is to the live coverage provided by the Financial Times of this event...

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Rajat Gupta Verdict: Was That A Collective Shudder ?

Posted on June 17, 2012 at 5:00 PM

The reverberations will likely be felt for a long time. Or will they ? Rajat Gupta, ex-head of consultancy Mckinsey & Co, former Goldman Sachs director, former director of Procter & Gamble, Indian-born orphan made good in America, 'land of the free'.....has been found guilty of insider trading. He will be sentenced in October, and there is t...

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About Those BRICs Being The Answer...Start w/India

Posted on June 7, 2012 at 9:00 PM

On a late evening train back to Kent from London yesterday my eye was caught by a man deeply engrossed in his Financial Times. He wasn't just reading it, he was virtually eating it - he was that hungry. Having done my usual careful read much earlier in the day, and judging by the way he had it open (ok I'm a geek) I guessed he was reading this: James Crabtree's excellent piece on India :  '

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Here Comes The FSA - After Big And Small

Posted on March 28, 2012 at 2:20 PM

Here comes the FSA - the UK's Financial Services Authority -  again. Today it has fined and banned two former directors of Cattles plc (Cattles) and its subsidiary Welcome Financial Services Limited (Welcome) for publishing misleading information to investors about the credit quality of Welcome’s loan book and acting "without integrity" in discharging their responsibilities.


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Pack A Copy Of UK Bribery Act If Heading To New Delhi

Posted on December 30, 2011 at 3:50 PM

Corruption is rife on an international scale as we crash out of 2011. If 2012 is - as expected - a year of further austerity with the much heralded BRIC countries unable to lead us all out of economic gloom, expect more, not less in the way of people looking for 'shortcuts.'

Worth noting then, that in India, the stock-market regulator has - unusually - taken steps against seven small companies involved in capital raising activities and issued a tough warning to investment ba...

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More: Beware Falling Foul Of UK Bribery Act

Posted on November 14, 2011 at 2:25 AM

Hot in pursuit on the UK Bribery Act and its implications, UK professional services firm Ernst & Young (E&Y) warns businesses they must do more to ensure they have adequate procedures to prevent corruption among external business partners . This comes against an analysis of background checks that suggests there is considerable  cause for concern.

E&Y carried out 225 background checks on behalf of companies seeking to vet business partners and the findings ar...

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Help On Offer Re Bribery Act & BRICS

Posted on November 13, 2011 at 5:35 AM

My timing was good. (see last blog post). The UK's professional services firms are coming to the rescue on understanding and complying with the UK's tough Bribery Act.

Listen up, UK commercial organisations doing business in the BRIC countries. PwC has just published a guide providing practical advice - and has done so after working with the UK-India Business Council, the China-Britain Business Council, the Brazilian Chamber of Commerce for Great Britain, and the Russo-Briti...

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From Delhi :The Long Arm Of The UK's Bribery Act

Posted on November 7, 2011 at 1:00 AM

The things one learns from hanging around the opulent Aman Resorts hotel (basic room $550 a night + taxes to a three bedroom Lodhi pool suite at $2,200 + taxes) in New Delhi, packed to the brim with a wedding party connected to some of its owners at DLF, India's largest real estate firm.

Of main interest here to this blog: the long arm of the UK's Bribery Act  which is, indeed, causing consternation and fear in equal amounts.

If you believe reports in...

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