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This is a devastating admission, but such corporate honesty is a crucial first step in educating shareholders about the corporation's environmental impact.
With all this criminal law, we ought to have achieved a high level of corporate honesty by now.
In the past fortnight the heads of both Goldman Sachs and IBM have given warning that doubts about corporate honesty are depressing the stockmarket.
In what might have been a rare bit of unintentional corporate honesty, Facebook's Mosseri wrote, "We view our work as only 1percentt finished".
For the moment it is famine time, caused by yesterday's self-delusional feast.Dangerous gamesA number of things can be done to encourage corporate honesty and help to counteract the powerful urge to deceive.
The market may think that a quarter is a long time, but anybody trying to change a corporate culture or to build a new business knows that it is the blink of an eye.The taste for corporate honesty is a welcome novelty.
Similar(53)
They say the agency has been slow to respond to the crisis in corporate financial honesty in part because Mr. Herdman has continued to resist the most significant changes.
If he were referring to the corporate values of honesty, innovation, voluntary transactions and the wisdom of the marketplace, he'd be right.
Osorio also stated that a game shows can experience "glitches" during development, and re-enforced that all game shows broadcast by the network were operated in accordance with ABS-CBN's corporate values of honesty and integrity.
The findings add weight to investor cynicism about the honesty of corporate financial reporting.
Let me repeat what I said last time: Honesty in corporate accounting isn't a left-right issue; it's about protecting all investors from exploitation by insiders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com