Word: reform
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...then the Sarbanes-Oxley law really made boards and management teams much more sensitive to their own impact, what they're doing and how they're perceived. All this has been a positive step in the right direction. Maybe it's not the most efficient way to get [reform], but I think overall [the Enron episode] made companies more responsible about what they're doing. Would people call that corporate social responsibility? Probably...
...CHOOSE A CAUSE Cisco Systems' $40 million pledge--$10 million from the chairman and $2 million from the CEO--to rebuild Katrina-ravaged Gulf Coast schools underscored the company's commitment to educational reform. That followed on the heels of a 2003 Jordan Education Initiative, spearheaded and partially funded by Cisco, to offer Internet-enabled learning to the developing world. Volunteers were also sent to Ethiopia to teach computer and Internet skills...
...their executives. So far, 719 returns have come under audit for suspicious accounting. State regulators, who have traditionally policed nonprofits, are pushing for new laws. The House and Senate held hearings this summer on nonprofit governance and drafted legislation that is being reviewed as part of a tax-reform package. (The last major regulations covering the industry were adopted...
...fitting way for the European Union to mark the end of a genuinely bad year. As government leaders gather this week in Brussels for a bruising negotiating marathon over the budget for 2007 to 2013, they are looking into a void. "There is no constitution, no economic reform, and it looks like there is going to be no budget agreed," says Denis MacShane, Britain's Europe Minister until last May. "It is probably the unhappiest year in European construction since the end of World War II." And the malaise goes deeper than simply gridlock in E.U. institutions. The German election...
...France will play its part in getting Europe going again." The questions of discrimination and colonial legacies raised by the riots, along with the gathering political battle to succeed Chirac, have kept France introverted. In Germany, Merkel is trying to walk a narrow line between the need for economic reform and the maintenance of a fragile coalition with her own Christian Democrats and the Social Democrats - both of which are undergoing painful internal shakedowns. Hosting Chirac in Berlin last week, she aligned Germany with France in criticizing Britain's budget proposals. But Chirac knows that she may not feel bound...