This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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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.
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