06 Dec 2004
The company has tightened rules on fair dealing, auditing, use of emails and corporate entertaining after a damning investigation of its former management revealed widespread malpractice.
A section of the new code states: 'If an employee is having difficulty determining whether a specific gift or entertainment item lies within the bounds of acceptable business practice, he or she should ask these guiding questions: Is it legal? Is it clearly business-related? Is it moderate, reasonable, and in good taste? Would public disclosure embarrass Hollinger?'
Hollinger filed its new code of conduct at the US watchdog, the Securities and Exchange Commission on Friday, The Financial Times reported.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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