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Entries in Siemens (149)

Tuesday
Jan222013

Shareholder advocate wants new Siemens chairman

Gerhard Cromme, chairman of the supervisory board of Siemens AG, in 2006 (photo courtesy of Wikipedia)An influential U.S. shareholder advisor has recommended voting against Siemens' long time chairman at the company's annual meeting Wednesday, according to a report by Dow Jones.

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Thursday
Jan172013

Former China compliance officer sues Siemens for retaliation

A compliance officer for Siemens' heathcare business in China said in a federal lawsuit this week that he was fired a week after complaining about the company's risky business practices.

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Tuesday
Jan152013

Step aside, ten elements, and make way for the hallmarks

Before the Siemens case and the birth of the modern era of FCPA enforcement, there were the ten elements of an effective compliance program. They came from the U.S. federal sentencing guidelines applicable to corporate defendants.

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Friday
Jan042013

Kaplan's Top Ten Corporate Criminal Fines

On his great Conflict of Interest Blog, Jeff Kaplan posted the ten biggest U.S. corporate criminal fines of all time.

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Friday
Dec212012

Former Siemens exec fights extradition from Argentina

At a hearing last week before a federal judge in Argentina, Siemens' former CFO there said a request by the United States to extradite him on FCPA charges should be denied.

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Friday
Dec142012

Friday enforcement shorts

North America:
Mexico: Pemex Sues Siemens Claiming Bribery in Old Refinery Project
 
Petroleos Mexicanos, Mexico’s state-owned oil company, filed a $1.5 billion lawsuit against Siemens AG and South Korea-based SK Engineering & Construction Co., claiming the companies bribed Pemex officials to win and keep refinery construction projects in 1997.

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Wednesday
Dec122012

SEC case against Noble execs survives motion to dismiss

The SEC got the green light this week from a federal judge to charge two former Noble executives with FCPA-related offenses they committed after February 2007.

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Wednesday
Dec122012

Corporate behavior can change. Really

Only five years ago, no one talked about self disclosing potential FCPA violations.

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Monday
Dec102012

SEC has no jurisdiction over me, Steffen says

A German citizen who once ran Siemens' subsidiary in Argentina said in a court filing last week that the U.S. Securities and Exchange Commission has no jurisdiction over him and its civil complaint should be dismissed.

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Monday
Dec032012

Is a December enforcement surprise on the way?

For most of us, December means giant year-end bonuses, moving to bigger houses, and getaways to the Turks and Caicos. No, that's not true.

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