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Friday, May 31, 2013

Total Gets FCPA Prosecution Deferred

Total, S.A., a French oil and gas company, will pay a $245.2 million monetary penalty to resolve charges related to violations of the Foreign Corrupt Practices Act (FCPA) in connection with illegal payments made through third parties to a government official in Iran to obtain valuable oil and gas concessions. More on Corporate Crime Reporter. Total (FP:EN Paris) is a Global Compact participant since 2002/03/07. In 2012, Total S.A. was a LEAD contributor to the Foundation for the Global Compact (USD $65,000 +).

Thursday, May 16, 2013

SocGen's Russia unit CEO faces seven years on bribery allegations

The head of Societe Generale's (SOGN.PA: Quote) Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk in what several bankers said may have been a set-up. More on Reuters. Societe Generale is a Global Compact participant since 2003/06/09. Societe Generale (SOGN.PA), (GLE:FP), (SCGLY) was a USD 5,000 – USD 20,000 contributor to the Foundation of the Global Compact in 2008.

Friday, May 10, 2013

Lawsuit alleges Merck discriminates against women

A Merck & Co. sales representative is suing the drugmaker for at least $100 million, saying Merck doesn’t give women equal opportunities for advancement and punishes employees for taking maternity leave. More on Merck & Co., Inc. is a Global Compact participant since 2009/01/19. Merck(MRK:New York)(XNYS:MRK)(MRK) signed the CEO Statement of Support for the Women's Empowerment Principles.

Wednesday, May 8, 2013

Hundreds Die While Making Clothes for J.C. Penney, Benetton and others in Bangladesh

The hundreds in Bangladesh killed and injured from the building collapse last week were making clothes for American and European retailers and brands, including JCPenney and Benetton. More than 3,000 people, mostly young women, worked in the Rana Plaza building that contained five garment factories producing items for JCPenney, Cato Fashions, Benetton, Primark, Canada’s Joe Fresh, Walmart’s Canadian operation and others. More on According to the Time,"A JCPenney official said that some of the Joe Fresh products being produced at Rana Plaza would have ended up in JCPenney stores". Read more: JCPenney (NYSE:JCP), (JCP:New York), (Ticker: JCP) is a Global Compact participant since 2009/01/14. JCPenney was a USD 10,000 contributor to the Foundation of the Global Compact in 2010, and 2009.