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We all now operate in an environment where organizations are increasingly expected to look critically at their practices and procedures, particularly where there is a suspicion of wrongdoing
The OECD published its (non legally binding) 'Good Practice Guidance' addressed to companies for creating and ensuring the effectiveness of internal controls, ethics and compliance programmes or measures for preventing and detecting the bribery of foreign public officials in their international business transactions, and to business organisations and professional associations, which play an essential role in assisting companies in these efforts
The US Supreme Court relaxed the deadlines for shareholder fraud actions, allowing investors to proceed with accusations that Merck & Co, the pharmaceutical company, misled the public about the health risks posed by its Vioxx painkiller, which was withdrawn because of links to heart attacks and strokes
