Word: musts
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Dates: during 1990-1999
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...social or ethical behavior. This so-called triple-bottom-line exercise in corporate citizenship is based on the belief that companies owe stakeholders--customers, employees, activist groups, the public--an annual warts-and-all airing of their environmental and societal records, just like the flow of financial data they must provide to shareholders. But since environmental or ethical misdeeds can lead to profit-hammering headlines, the extra information can be of use to investors...
This new breed of auditor must be ready to tackle a wide range of topics. Are oil companies on schedule for cutting emissions of greenhouse gases, for example, or eliminating the disposal of natural gas by flaring? Do companies operating in countries where the ancient practice of baksheesh remains an accepted business method adhere to a zero-tolerance of bribery? Do manufacturers or retailers that receive supplies and goods from developing countries guard against child and slave labor? Are companies achieving goals aimed at employing more women and minorities...
...group attempting to write a widely accepted set of standards faces a rough task. Standards must be rigorous enough to satisfy pressure groups, yet realistic enough for corporations to find them affordable and achievable. Moreover, the canons are proliferating, and will soon begin to clash with one another. The European Federation of Accountants and Auditors in Brussels, for example, is drafting a set of environmental standards that are likely to differ from those of CERES. "We need a unified, comparable system, because it's not helpful if there are 25 different standards" in competition with one another, says Sir Geoffrey...
...used home-equity loans to buy, among other things, an Isuzu Trooper, a vacation home and an adjacent lot. Currently, he is drawing on a $60,000 line of credit to finance his highly seasonal business, which gets nearly all its revenue during spring tax-preparation time but must pay bills year-round...
...when the Gorbachevs were virtually held prisoners in their home during a coup attempt, my heart broke for Raisa. I knew she must be scared--for her husband and her country. So George and I both shed a tear when we learned of Raisa's death. We mourned the loss of a friend; we mourned the passing of a fascinating woman who gave much to this world; mainly we mourned for Mikhail. Theirs was a great love story, and we know he'll miss her terribly...