The Magazine of Corporate Responsibility

Archive for June, 2011

Corporate Sustainability Ratings: New Global Framework Proposed

Citing the “continued confusion, uneven quality and opacity” of proliferating ratings for corporate sustainability programs, a new non-profit initiative has been launched to develop a generally-accepted “framework” for sustainability ratings worldwide.

Dodd-Frank Act: How Financial Reform May Be Going Wrong

Almost a year ago, President Barack Obama signed the Dodd-Frank Wall Street Reform Act into law. Now, some emerging roadblocks reinforce a fear that Dodd-Frank, which was intended to touch on almost every aspect of the American financial system, may never provide the sweeping reform it promised.

Political Spending Proposal Defeated at Home Depot

The proposal by NorthStar Asset Management, a Boston money manager, requested that the company annually report on its political policies and contributions, disclose future anticipated spending, and provide an analysis of how such spending matches company values or policy. Although the measure was defeated, it is considered to be a template for similar proposals at other corporate annual meetings.

For One Whistle-Blower, No Good Deed Goes Unpunished

Whistle-blowers, truth-tellers and fraud-spotters pay a miserable price on Wall Street. They are vilified. They are fired. Sometimes they are even sued. Instead of being sought after, they become persona non grata. Pulitzer Prize winner Jesse Eisinger reports on the case of David Maris, a one-time star analyst for Bank of America.