Tweet So after informing the authorities in the public interest that the gas market pricing system was being rigged, Seth Freedman, an employee of ICIS Heren, a lead company in the market, has just been sacked. The man who told the public about price-fixing in the gas retail market (shades of the Libor scandal in [...]
Posts Tagged ‘Corporate Governance’
Carilllion’s failure of corporate governance
Jan 6th, 2013 by Andy Newman.Tweet Today’s report in the Observer concerning the scandalous failure of care at the Surgicare centre in Hertfordshire, run by the services group Carillion, makes somber reading. Three deaths of patients who had been admitted for routine treatment prompted an independent report before Christmas, as the Observer recounts: the report also contained the admission that [...]
Glencore-Xstrata shenanigans show corporate managerial power out of control
Jun 3rd, 2012 by Michael Meacher.Tweet The joint stock company, the foundation unit of modern capitalism, is dead. But corporate managerial capitalism is alive and kicking. Whatever the constitutional theory that shareholders are in ultimate control, this myth is daily confounded by repeated evidence of management takeover from the inside. Shareholdings have become so remote and so fragmented, and the [...]
