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Staying in the game while a company is accused of fraudulent business practices is not for the faint-hearted, after all.
FORBES: Paulson Says He Scrutinized Sino-Forest Before Pulling Out
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Just as top executive bonuses are used to incentivize performance, responsible corporate boards should demand that clawbacks provisions be put in place to disincentivize fraudulent business practices.
FORBES: Fraud Shouldn't Be So Rewarding
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With growing intolerance for fraudulent and corrupt business practices around the world and grassroots calls for greater corporate transparency, robust whistleblower alternatives to address corrupt and unethical business practices should be a universal policy priority.
FORBES: Olympus fraud shows more countries need whistleblower reward laws
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Koch, a yachtsman who won the America's Cup in 1992, had accused Eric Greenberg of fraudulent misrepresentation, fraudulent concealment, deceptive business practices and false advertising.
WSJ: Billionaire wins wine fight; jury awards him $380K
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The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.
ENGADGET: FTC introduces changes to Children's Online Privacy Protection Act, parental permission now required to collect information