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1 – 10 of 191James L. Sanders, Kyle Bahr, Calvin Chan and Charles Hewetson
This paper explains how recent statements by the US Securities and Exchange Commission’s (SEC’s) leadership – including the new Chief of the SEC’s Foreign Corrupt Practices Act…
Abstract
Purpose
This paper explains how recent statements by the US Securities and Exchange Commission’s (SEC’s) leadership – including the new Chief of the SEC’s Foreign Corrupt Practices Act (FCPA) Unit – signal the American regulator’s intent to “level the playing field” by stepping up its investigations and enforcement of companies worldwide and what non-US issuers can do to prepare.
Design/methodology/approach
Uses information included in the announcement naming Charles E. Cain as Chief of the SEC’s specialized FCPA Unit to lay out an argument that the Unit’s priorities may focus more on non-US companies than US companies.
Findings
Based on past statements and written accounts made by Mr Cain, and with the tacit support of other senior SEC officials, it can be assumed that non-US companies will experience additional scrutiny from the SEC, in the name of leveling the playing field. Furthermore, it can be assumed that the SEC will place additional pressure on anti-corruption regimes in other international jurisdictions to do their part in combatting corruption.
Originality/value
This paper is of value to personnel within non-US issuers who are responsible for creating and enforcing their organization’s anti-bribery or anti-corruption policies and internal controls. It is also of value to legal counsel interested in developing an understanding of the current priorities of the SEC as far as the FCPA is concerned.
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FOR some years the writer of this article has carefully studied the scanty and conflicting information available on the aircraft of the U.S.S.R. and the organization of both…
Abstract
FOR some years the writer of this article has carefully studied the scanty and conflicting information available on the aircraft of the U.S.S.R. and the organization of both military and civil aeronautics. It has been our policy to publish, whenever possible, articles giving accurate—if of necessity limited—details of Russian developments. In this respect we would point out to readers that the contents of this present article may appear somewhat conservative, because only undoubted facts have been presented and, as such, it offers a commentary upon the mixture of fanciful propaganda and restricted information available—a fact which we have had to mention on each previous occasion that we have published a similar article.— EDITOR
Bibliography of Agriculture with Subject Index. Vol. 1‐ ; 1942‐ . Monthly. Annual subscription rate: $245.00 for 12 issues, plus postage ($12.00 U.S., all others $14.50);…
Abstract
Bibliography of Agriculture with Subject Index. Vol. 1‐ ; 1942‐ . Monthly. Annual subscription rate: $245.00 for 12 issues, plus postage ($12.00 U.S., all others $14.50); individual issue, $20.00, plus $ 1.25 for postage and handling. Data provided by National Agricultural Library; Published by Oryx Press, 3930 E. Camelback Rd., Phoenix, Arizona 85018. LC 63–24851. Coden: BAGRA. ISSN 0006–1530.
Jennifer Kennedy Park and Abena Mainoo
To explain a recent enforcement action by the US Securities and Exchange Commission (SEC) highlighting risk factors for Foreign Corrupt Practices Act (FCPA) violations.
Abstract
Purpose
To explain a recent enforcement action by the US Securities and Exchange Commission (SEC) highlighting risk factors for Foreign Corrupt Practices Act (FCPA) violations.
Design/methodology/approach
Summarizes the basis of the SEC’s enforcement action against Sanofi for violating the FCPA’s books and records and internal controls provisions, reviews the terms of the SEC’s resolution with Sanofi, explains Sanofi’s remedial efforts and cooperation with the SEC’s investigation, and discusses factors contributing to corruption risks in the healthcare industry.
Findings
The SEC’s enforcement action against Sanofi, and other recent enforcement actions, underscore the importance of comprehensive anti-corruption compliance programs and strong internal controls across large multinationals and their subsidiaries.
Practical implications
Companies operating in high-risk industries and markets should regularly assess and address corruption risks.
Originality/value
Practical guidance from experienced enforcement lawyers.
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This book, of some 500‐odd pages, has for its main object the exposition of the basic theory of jet propulsion and the thermodynamics of the gas turbine and rocket types of…
Abstract
This book, of some 500‐odd pages, has for its main object the exposition of the basic theory of jet propulsion and the thermodynamics of the gas turbine and rocket types of engine. The book is well planned except for the insertion in the middle of two chapters dealing with aircraft and propeller performance. These two chapters could very well have been placed at the end, after the purely engine side had been dealt with.
A distinction must be drawn between a dismissal on the one hand, and on the other a repudiation of a contract of employment as a result of a breach of a fundamental term of that…
Abstract
A distinction must be drawn between a dismissal on the one hand, and on the other a repudiation of a contract of employment as a result of a breach of a fundamental term of that contract. When such a repudiation has been accepted by the innocent party then a termination of employment takes place. Such termination does not constitute dismissal (see London v. James Laidlaw & Sons Ltd (1974) IRLR 136 and Gannon v. J. C. Firth (1976) IRLR 415 EAT).
Alan Reinstein, Eileen Z. Taylor and Cathleen L. Miller
Materiality is a critical and challenging auditing concept. To help auditors improve their materiality judgments, the authors provide examples from Judaism, primarily due to its…
Abstract
Materiality is a critical and challenging auditing concept. To help auditors improve their materiality judgments, the authors provide examples from Judaism, primarily due to its longevity and the richness and variety of its stories. The authors show how Judaism interprets and applies materiality in many contexts. For each, the authors provide guidance on how auditors might apply these lessons to improve their materiality judgments. The authors examine five areas where Judaic examples can inform modern auditing including: (1) considering both quantitative and qualitative measures; (2) recognizing that small quantitative changes can lead to material qualitative effects; (3) understanding that ignoring small issues can become a slippery slope; (4) considering the importance of financial statement users’ needs in developing materiality criteria; and (5) prioritizing substance over form. In all examples, context is a critical factor to consider when applying materiality. These results should be of interest to auditors, financial statement users and others.
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The late Nancy Jay described a striking feature of animal sacrifice: in many different cultures it functions to establish paternity. This article develops a theoretical framework…
Abstract
The late Nancy Jay described a striking feature of animal sacrifice: in many different cultures it functions to establish paternity. This article develops a theoretical framework for understanding just what it is about animal sacrifice that makes it so cross‐culturally well‐suited for establishing paternity. The main premise of this framework is that sacrifice communicates menace – not so much towards the domesticated animals ritually killed, but primarily towards those subordinated humans (children in particular) who are similarly disempowered vis‐à‐vis the class of male sacrificers. By demonstrating their willingness and ability to kill, sacrificing men gain a material basis for claiming credit for human reproduction, namely, that children live only by virtue of the sacrificers’ decision to kill animals in their stead. This framework is explicated through reference to Old and New Testament discourses of sacrifice.
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Agnès Delahaye, Charles Booth, Peter Clark, Stephen Procter and Michael Rowlinson
This paper seeks to identify and define the genre of corporate history within the pervasive historical discourse produced by and about organizations which tells the past of an…
Abstract
Purpose
This paper seeks to identify and define the genre of corporate history within the pervasive historical discourse produced by and about organizations which tells the past of an organization across a multiplicity of texts: published works – commissioned and critical accounts, academic tomes and glossy coffee‐table books – as well as web pages, annual reports and promotional pamphlets.
Design/methodology/approach
The approach takes the form of systematic reading of historical narratives for 85 mainly British and US companies from the Fortune Global 500. For these companies, a search was carried out for US printed sources in the British Library and a survey was conducted of historical content in web pages.
Findings
From extensive reading of the historical discourse, recurrent formal features (medium, authorship, publication, paratext and imagery) and elements of thematic content (narrative, characters, cultural paradigms and business success), which together define the genre of corporate history, have been identified. Such a definition provides competence in the reading of historical narratives of organizations and raises questions regarding the role of history in organizational identity, memory and communication. In conclusion it is argued that the interpretation of corporate history cannot be reduced to its promotional function for organizations.
Research limitations/implications
The list of the formal features and thematic content of corporate history detailed here is by no means exhaustive. They are not variables, but signs, which, in various combinations, compose the narrative and signify the genre.
Practical implications
It seems likely that coffee‐table books will increasingly replace academic commissioned histories, with consultants professionalizing the discourse and formalizing the genre of corporate history.
Originality/value
The genre of corporate history has hitherto been neglected in organization theory, where the linguistic turn has led to a preoccupation with talk as text. The use of genre to analyse corporate history represents a textual turn to literary organizational texts as text.
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