Lucy Adams is the BBC's outgoing director of human relations who was accused by MPs of presiding over "corporate fraud and cronyism" at the corporation.
Despite exposure and investigation into high-level corporate fraud, and promises by the government, the corporations receive a slap on the wrist and continue to operate as before.
Congress passed the law to tighten oversight of corporations in the aftermath of the Enron debacle and other corporate fraud cases.
Corporate fraud cases involve accounting schemes designed to deceptively manipulate the stock price so the value of a corporation remains artificially inflated based on fictitious performance indicators.
Such payment systems - and the digital audit trails they leave - are also proving useful for governments tackling tax evasion and corporations combating fraud.
The exposés prompted a group of state attorneys general to begin investigating corporations for fraud for allegedly misleading the public on climate change.
The exposés prompted a group of state attorneys general to begin investigating corporations for fraud for allegedly misleading the public on climate change. .
While the AGs were vague on what exactly they have planned, they are "committed to pursuing an all-levers approach" to determining whether corporations committed fraud or otherwise acted illegally in misleading the public or investors, Schneiderman said.
Corporation (people inside the corporation) engage in fraud: too complicated to police, no arrests.
Yet despite these reform efforts, corporate trust violations have gone unabated and public trust in business has plummeted.2 A full recitation of the significant trust violations of recent years would go on for pages, covering Olympus Corporation's accounting fraud, Barclays LIBORriggingng scandal, News Corporation's phone-hacking scandal, and the BP Deepwater Horizon oil spill.
In a warning that top executives may be subject to criminal trials for corporate wrongs, the S.E.C. and Justice leveled criminal as well as civil charges at three former executives and one current officer at the Rite Aid Corporation, alleging accounting fraud and obstruction of justice.
