My Blog List

Wednesday, October 10, 2012

Alcoa, Aluminium Bahrain Reach $85 Million Settlement Over Bribery Allegations

Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain-controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminium Bahrain BSC, or Alba, without admitting liability. More on and on previous January 2012 blog. Alcoa is a Global Compact participant since 2009/09/23. Alcoa was a USD 10,000 contributor for the Global Compact Foundation in 2010.

Tuesday, October 9, 2012

EBRD should not invest in Polish energy company suspected of corruption, say European NGOs

The European Bank for Reconstruction and Development is considering participating in a EUR 772 million loan for a subsidiary of major Polish energy group ENEA, whose management is currently being investigated by authorities because of alleged irregularities in management and misuse of public funds. More on CEE BankWatch ENEA S.A. is a Global Compact participant since 2011/06/03.

Friday, October 5, 2012

Randstad US, LP to Pay $60,000 to Settle EEOC Disability Bias Suit

A large nationwide employment referral and placement services company will pay $60,000 and furnish substantial injunctive relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced today. More on the EEOC website. Randstad U.S. is a subsidiary of Randstad Holding, (RAND:EN Amsterdam) (AMS:RAND) (RAND.AS) a Global Compact participant since 2005/04/20.