Archive for October, 2006

Nominee shareholders in the UK to be enfranchised at last!

Add comment October 16th, 2006

Nominee shareholders in the UK to be enfranchised at last!

Click on the above link to read the latest announcement from the UK Shareholders’ Association regarding the voting rights of nominee shareholders in the UK. This has been a long campaign, but we are almost there. Thanks to everyone who has contributed to fighting for shareholder rights in the UK!

We are still fighting for the right of accountability for the shareholders of the former SmartLogik Group PLC, cast aside without being allowed to vote in an EGM over the sale of the core assets of the company and, this was just one day before they would have had to publish audited accounts. There was and still is a complete lack of financial accountability over the SmartLogik business; shareholder funds have disappeared without any proper explanation to the investors who owned the company.

Please continue to support the SmartLogik Action Group in this fight for justice and the recovery of the shareholders’ funds.

Justin Jones
For SmartLogik Action Group

Harvards lesson in ethics (USA Today via IndyStar.com)

Add comment October 3rd, 2006

Harvard’s lesson in ethics (USA Today via IndyStar.com)

Jeffrey Skilling, who was convicted in May of masterminding a massive accounting fraud at Enron, has one.

So does E. Kirk Shelton, the former vice chairman of Cendant who was found guilty last year of fabricating earnings at the company.

What do these men, former titans of the new economy, share besides being snared by investigations into securities fraud? They have master of business administration degrees from Harvard Business School.
If any lesson is to be learned from the accounting scandals of recent years, it’s that no one — not even executives trained at some of the nation’s most prestigious institutions of higher learning — is immune to the temptations of the executive compensation bonanza, where subtle manipulations of accounting entries can translate into bonuses and stock options worth tens of millions of dollars.

As a result of the wave of accounting frauds exposed at Enron, WorldCom, HealthSouth and other companies, business schools across the nation have beefed up their offerings on ethics education.

SmartLogik Action GroupUK Shareholders' Association

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