>>Institute News Releases  l  Media Kit

2004 | 2005 | 2006 | 2007 | 2008| 2009

>> Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov l Dec

August, 2008

CFA Institute to Focus on Six Key Investor Initiatives from SEC Financial Reporting Accountability Central, August 26, 2008
	CFA Institute, the global association of investment professionals, has identified six initiatives from the final report of the SEC’s Advisory Committee on Improvements to Financial Reporting (CIFiR) that it will focus on to further advance the investor perspective. [According to] Jeff Diermeier, CFA, CFA Institute president and CEO and chair of CIFiR’s Delivering Financial Information Subcommittee, "The sentiment of this report as well as the collaborative spirit between the preparers, auditors, investors, and others who participated in the CIFiR process will benefit the future of global financial reporting. As we continue to monitor and create dialogue on specific issues such as disclosure recommendations, restatements, fair value measures and the use of judgment, we look forward to collaborating with those groups so that a broader range of perspectives is considered." In March 2007, the CFA Institute Centre and the Business Roundtable Institute for Corporate Ethics issued Apples to Apples: A Template for Reporting Quarterly Earnings. CFA Institute looks forward to working with organizations representing companies and investors to develop new and to refine existing recommendations.
When Workers Don't Do The Right Thing INVESTOR'S BUSINESS DAILY, August 22, 2008 By Gary M. Stern
	You're eating lunch at a restaurant when you overhear two colleagues loudly discussing privileged, confidential information about a client. In response to this action, do you: a) do nothing, b) confront them and explain why it's wrong to publicly disclose it, or c) notify HR? Linda Trevino, co-author of "Managing Business Ethics: Straight Talking About How to Do It Right" and a professor at Penn State's Smeal College of Business, says the two colleagues' behavior might damage the business. She suggests going to HR. (Also appeared in Accountability Central.)
Do Nothing, Go to Jail Corporate Board Member Magazine, August 15, 2008 By John R. Engen
	Colorado voters appear poised to approve a first-of-its-kind corporate-fraud initiative that would mandate fines or jail time—and open the door to civil lawsuits—for executives and board members who know their company is breaking the law but do nothing about it. In practice, the law could have a stifling effect on boardroom dynamics. Dean Krehmeyer, head of the Business Roundtable Institute for Corporate Ethics at the University of Virginia, worries that it could make board members reluctant to ask tough questions for fear the answers might get them into trouble. “You’re creating a situation where lack of knowledge is bliss,” he says. “This is uncharted water in terms of the consequences corporate leaders could face.”
Wake-Up Call: Practical Ethics and Public Life WNRN Radio, August 10, 2008 By Rick Moore (Radio Host)
	On the August 10th edition of WNRN’s Sunday Morning Wake-Up Call, James Childress and Ruth Bernheim, co-directors of the Institute for Practical Ethics and Public Life at the University of Virginia and Andrew Wicks, co-director of Olsson Center for Applied Ethics at the Darden Business School, join host Rick Moore to discuss ethics and practical ethics.
U. of Phoenix Lets Students Find Answers Virtually The Chronicle of Higher Education, August 8, 2008 By Paula Wasley
	Kelsey seems like an average American town. Many of its 53,000 residents work in plastics for Riordan Manufacturing, a subsidiary of the Fortune 1000 company Riordan Industries. You won't find Kelsey on any map, however. It exists only online, in software designed by the University of Phoenix for its business, information-technology, education, and health-care courses. Kelsey and its elaborately constructed fictional companies are what the university calls its "virtual organizations" — online teaching tools designed to simulate the experience of working at a typical corporation, school, or government agency. For the 345,000 students enrolled in the for-profit university's online or campus-based courses, the virtual schools and businesses function like case studies, in that students use them to diagnose and solve typical problems of organizations. "With case studies, there's a lot of background, but there's no one to ask questions of," says Kenneth W. Sardoni, who teaches graduate business and information systems and technology. Case studies do have their defenders. Andrew C. Wicks, an associate professor of business administration at the University of Virginia, says they do a superior job of "breaking down the pedagogical steps that I take as a student to go from minimal or no knowledge to being a master of a certain set of information in a context."
THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF BUSINESS RECEIVES $900,000 FROM ESTATE OF SERGIUS GAMBAL Media Newswire, August 8, 2008
	GW alumnus and Colonial Parking co-founder Sergius Gambal, B.A. '52, has left nearly $900,000 to The George Washington University School of Business through a bequest from his estate. The bequest will support the business school's Dean's Fund and the work of the Lindner-Gambal Professorship in Business Ethics at the GW Institute for Corporate Responsibility. The Lindner-Gambal Professorship was established through the support of Gambal's business colleague A. James Clark, CEO of Clark Enterprises, with a matching gift from the university. Clark saw the endowed chair as a way to honor Lindner and Gambal's commitment to honesty and integrity in business. Timothy L. Fort, one of the world's leading business ethics scholars and director of the GW Institute for Corporate Responsibility, currently occupies the professorship.

2004 | 2005 | 2006 | 2007 | 2008| 2009
 
>> Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov l Dec