Deutsche Telekom CSR Report “Misleading”

The “Corporate Social Responsibility” report released last week by German telecoms giant Deutsche Telekom contains misleading corporate spin, according to the ITUC. The report claims that, on issues such as training, employment and offshoring, “Of course, we involve employee representatives when making all of these decisions.” More on the International Trade Union Confederation(ITUC) website. Deutsche Telekom is a Global Compact participant since 2000/07/26. The company's report is listed as "Global Compact Advanced" on the Global Compact website, based on unchecked self declarations from the company.

Magyar Telekom Increases Its FCPA Reserve

Hungary’s Magyar Telekom Nyrt. said Monday it increased by more than 40% its reserve for settling a bribery probe with U.S. authorities.
More on WSJ Online, Corruption Currents
Magyar Telekom is Global Compact participant since 2009/05/06. Magyar Telekom is majority owned by Deutsche Telekom, one of the Global Compact founding fathers.

Excerpt from the S.E.C. filing (FORM 6-K):
"On June 24, 2011, Magyar Telekom announced that its Board of Directors had approved an agreement in principle with the staff of the SEC to resolve the SEC’s investigation relating to the Company through a settlement. Pursuant to the agreement in principle, the Company, without admitting or denying the allegations against it, would consent to a U.S. court order permanently enjoining it from any future FCPA violations and pay disgorgement and a conditional civil penalty. (...)"