Las Vegas Sands Corp.’s chairman and CEO Sheldon Gary Adelson is under more scrutiny for his business dealings in Macau – but investors who hold the casino operator’s stock should not be surprised. Las Vegas Sands has had corporate governance problems for years. Federal and Nevada investigators are looking at some of the methods the [...]
Tag Archives | bribery
GMI Ratings Governance Issue | Las Vegas Sands Corp
July 17, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
June 4, 2012: MSNBC
June 4, 2012 in GMI In the News
June 4, 2012: Wal-Mart’s proxy vote shows dissent against exes (MSNBC)
June 4, 2012: Reuters
June 4, 2012 in GMI In the News
June 4, 2012: Update 4 – “No” votes jump against Wal-Mart CEO, directors (Reuters)
June 4, 2012: Huffington Post
June 4, 2012 in GMI In the News
June 4, 2012: Walmart Shareholder Vote Shows Dissent Against CEO Mike Duke, Other Executives (Huffington Post)
June 1, 2012: MSNBC
June 1, 2012 in GMI In the News
June 1, 2012: Wal-Mart’s annual meeting dogged by investor anger (MSNBC)
Will Wal-Mart listen to its public shareholders?
May 30, 2012 in Corporate Governance, Daily Viewpoint, News and Opinions
By Paul Hodgson – CCO and Senior Research Officer Several high-powered institutional shareholders, such as CalSTRS, have indicated that they are going to vote against a number of Wal-Mart directors who, frankly, should have known better. While institutions such as CalSTRS do not often go public with their voting intentions, when they do, you know [...]
May 23. 2012: LA Times
May 23, 2012 in GMI In the News
May 23, 2012: California teachers pension fund to vote against Wal-Mart board (Los Angeles Times)
May 23, 2012: Reuters survey
May 23, 2012 in News and Opinions
May 23, 2012: Survey reveals more top executives willing to pay bribes (Reuters)
May 22, 2012: Reuters
May 22, 2012 in GMI In the News
May 22, 2012: Major pension fund to vote against Wal-Mart board (Reuters)
Avon’s Global Business Puts It At Risk
April 27, 2012 in Daily Viewpoint, Scandals
Avon Products, Inc.’s ongoing bribery investigation highlights some of the corporate governance risks that companies face in conducting business overseas. Kerry Carr, who had headed the cosmetics company’s internal audit department from 2003 until August 2005, resigned from Avon earlier this month, the Wall Street Journal reported Thursday. Avon’s bribery scandal has been long in the [...]
Scandals at Diageo and Total Highlight the Value of Effective Risk Management
August 8, 2011 in Corporate Governance
By Nathaniel Parish Flannery, Research Analyst On August 2, French oil giant Total SA announced that French prosecutors had called its CEO in for questioning in relation to an ongoing investigation into corruption relating to the controversial Iraqi Oil for Food program. A week earlier Diageo Plc, the British spirits maker, which produces Johnnie Walker [...]