3rd Asia Pacific Ethics and Compliance Summit: Open for Registration

ethixbaseCompliancesummit2017Now entering its third year, the acclaimed Asia Pacific Ethics & Compliance Summit will continue to connect prominent stakeholders from public and private sectors via an engaging and pro-active dialogue designed to enhance standards of ethical conduct, transparency, integrity and anti-corruption compliance.

Singapore: Nigerian businessman charged in connection with US$27m Citibank fraud

Paul Gabriel Amos, a 46-year-old Singapore Permanent Resident and a Nigerian businessman, was believed to be involved in a scheme to dupe Citibank in New York into transferring US$27 million (S$36.8 million) from an account held by the National Bank of Ethiopia (NBE), the country’s central bank.

Amos faces nine charges in Singapore - eight under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act and one under the Penal Code for receiving stolen property involving nearly S$2 million. 

Thailand: Listed firms’ overall CGR score hits seven-year high

The 2017 CGR (corporate governance report) findings on 620 listed companies, conducted by the Thai Institute of Directors (IOD) with support from the Stock Exchange of Thailand, showed a “very good” result at 80 per cent, marking the highest level since 2010 and up from 78 per cent last year.

The improvement in the overall result derives mainly from two key categories – board responsibilities and the role of stakeholders – demonstrating a stronger board leadership in governing significant issues and an emphasis on all stakeholders playing their part to ensure sustainable growth.

Read the full original article at http://www.nationmultimedia.com/detail/Corporate/30329519

Thailand: SET ranked a top-10 bourse globally for sustainability disclosure reporting

The Stock Exchange of Thailand (SET) ranks 10th out of 55 global stock exchanges for the sustainability disclosure reports of its listed companies, making it the only Asian stock market to make the top 10 in this year's annual research report put out by Corporate Knights.

This is a substantial rise from the SET’s 40th place in 2013, according to the research company’s 2017 “Measuring Sustainability Disclosure: Ranking the World’s Stock Exchanges” report.

The research seeks to track the level of disclosure of quantitative sustainability-related information by the world’s large publicly traded companies.

Read the full orginal article at http://www.nationmultimedia.com/detail/Corporate/30328883

Click here for the full research report.

Philippines: Duterte creates anti-corruption commission

President Rodrigo Duterte has created a presidential commission against graft and corruption.

According to Executive Order No. 43, which was released to media on Thursday, the Office of the President needs a separate commission "solely dedicated to providing assistance to the President in the investigation and hearing of administrative cases and complaints, and in the conduct of lifestyle checks and/or fact-finding inquiries concerning presidential appointees and other public officers allegedly involved in graft and corrupt practices."

Read more at http://www.philstar.com/headlines/2017/10/05/1745801/duterte-creates-presidential-commission-against-corruption

Malaysia: SMEs urged to take ethics cue from bigger companies

Small and medium enterprises (SMEs) have been urged to take a cue from bigger companies on running an ethical organisation, to create long-term growth and sustainability. 

Speaking to reporters during its “Business Ethics and Integrity: Key to Sustainability in the Digital Economy” seminar co-organised by the Ffederation of Malaysian Manufacturers (FMM), International Chamber of Commerce (ICC)-Malaysia, and the ASEAN CSR Network, FMM President Tan Sri Lim Wee Chai said while society in general recognises the importance of practising good business ethics, not many companies, especially SMEs, are able to grasp this.

“Honesty, integrity and transparency are very important in any organisation and are the reason why multinationals and other big companies can survive for so long. It’s because they have built a good foundation. If the foundation is rotten, the organisation will only go down,” said Lim, who is also chairman of the world’s largest rubber glove maker, Top Glove Corp Bhd.

Read the full original article at http://www.theedgemarkets.com/article/fmm-urges-smes-take-ethics-cue-bigger-companies


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