Here’s our latest look at what’s new and interesting in the world of ethics, compliance and corporate governance around the web.
In an interesting twist this week Theresa May, who supported keeping the UK part of the EU became the new British Prime Minister after David Cameron announced his plans to resign by Wednesday. May will now be in charge of overseeing the UK’s departure from the EU. According to news outlets, May also vowed to reform boardroom governance and called for more transparency among businesses in the UK. Her plans also include clamping down on soaring executive pay and appointing employee representatives to boards—and of course, Twitter reacted:
Fascinated to hear #TheresaMay comments dealing with various inequalities in #Business. Can we hope for a tougher #corpgov regime?
— Nick Gould (@GouldsBlog) July 11, 2016
ICSA welcome #TheresaMay's interest in #governance issues. A fresh look at the #boardroom is long overdue #remuneration #execpay
— The Chartered Governance Institute UK & Ireland (@CGIUKI) July 12, 2016
#TheresaMay plans to put worker reps on UK company boards & impose tighter control on exec pay https://t.co/WoTn4H9WR6 #corpgov
— Paige Morrow (@PaigeMorrowLaw) July 11, 2016
In other news, accused fraudster Martin Shkreli’s trial date is set for June 26, 2017. Shkreli is the former CEO of embattled drug-maker Turing Pharmaceuticals and is accused for jacking up the price of a life-saving drug to pay off investors he defrauded in a hedge fund he once ran.
#JusticeWins: Another historymaking event set for 6/26: #MartinShkreli goes on trial (Video) https://t.co/X17Ay0VGgY pic.twitter.com/KUQGfjJIYB
— Dawn Ennis (She/Her/Hers) (@lifeafterdawn) July 14, 2016
ALSO IN THE NEWS:
PwC: 10 Minutes on Hedge Fund Activism & Latest Strategies: How can companies get ahead of an activist situation and stay out of an activist’s cross hairs? PwC’s new paper explains how thinking like an activist can help your company stay ahead of the curve.
EU Regulators Hit Alphabet Inc. with Third Antitrust Charge: Google is once again in regulatory trouble. The European Commission accused the world’s most popular search engine of blocking rivals in online search advertising with unfair business practices.
Facebook Making Some Progress on the Diversity Front: According to data released by the world’s largest social network, women represented about 33% of Facebook’s global workforce while only 27% held only senior leadership roles at the company.
Valeant’s Former CEO Sells Almost $100M in Company Stock: Ex-CEO Michael Pearson sold close to $100 million of his stock in Valeant Pharmaceuticals International after he was replaced in March—part of a plan for the company to regain its credibility.
Upcoming events:
Our Middle East Ethics and Compliance Summit is happening in September! Join us in Abu Dhabi, United Arab Emirates along with top industry leaders from around the world who will lead discussions around regulation, anti-corruption, data-driven metrics and more. Complimentary registration for In-House Compliance Executives, limited seats available. Get 15% off with the code: ETH15. Click here to register.
