International 
GE to Pay $23.4 Million to Settle SEC Oil-for-Food Charges(0)
The Securities and Exchange Commission charged that from 2000 to 2003 two GE subsidiaries — along with two other subsidiaries of public companies that have since been acquired by GE — participated in a $3.6 million kickback scheme with Iraqi government agencies to win contracts to supply medical equipment and water purification equipment.
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Lobbyists Promote Asbestos Use in the Developing World
Asbestos has long been known to cause debilitating and often fatal diseases such as lung cancer, mesothelioma and asbestosis. It is banned or restricted in 52 countries. But since the mid-1980s, a global network of lobbyists has spent nearly $100 million to maintain a market for asbestos, according to an investigation by the Center for Public Integrity.
Italian Firm and Unit to Pay $365 Million to Settle Bribe Charges
The settlement is the latest related to a four-company joint venture that was awarded $6 billion in contracts to build liquid natural gas facilities on Bonny Island, Nigeria. U.S. officials said a total of $1.28 billion in penalties has been obtained to date in connection with the Bonny Island bribery scheme.
U.K. Institutional Investors Urged to Increase Engagement with Management and Boards
Institutional investors and pension fund managers in the United Kingdom should do more to monitor and engage with the companies in which they invest – or else explain why they have not done so, according to provisions of a new voluntary code issued by the U.K.’s Financial Reporting Council.
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