The IBE monitors the UK media for stories about business ethics issues and challenges.
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Paul Walsh has abruptly quit
the board of HSBC amid concerns the former boss of spirits giant Diageo is
distracted from the role because he holds too many directorships at other
has been accused of not doing enough to stop professional ticket touts
bypassing strict purchase limits imposed on ordinary fans. Ticketmaster is a
primary agent, which means fans can use the site to buy tickets when they first
go on sale. But it also owns the resale sites GetMeIn and Seatwave. Critics of
these "secondary” sites, which typically take a cut of up to 25% on
ticket sales, say they have become a lucrative haven for professional touts.
employ people on zero-hours contracts could be forced to pay a premium rate for
short-notice work, the government’s employment tsar has said, in an effort to stop "lazy” employers exploiting staff. Matthew Taylor was
appointed by Theresa May last October to review employment practices in the
light of concerns about the precarious nature of work, particularly in the gig
supermarket chain Asda has relaunched its value Smart Price food range as Farm
Stores, reigniting the row about retailers’ controversial use of "fake farm” brands to sell products. Asda,
which pledged to replace the Smart Price branded products completely by 2018,
has recently reintroduced the Farm Stores label for both meat and fresh produce
after dropping it in 2001.
One of Britain’s most senior financial
regulators is facing calls to resign, as questions begin to emerge over the
auditing of failed bank HBOS.
John Griffith-Jones, the chairman of the
Financial Conduct Authority (FCA), was the senior partner at KPMG, the
accountancy giant that audited HBOS during the period in which one of the
largest frauds in British history occurred. A corrupt gang of financiers,
including two senior HBOS bankers, plundered about 200 small business customers
of the bank’s Reading office to fund luxury holidays and sex parties attended
by porn stars.
More than 1,000 subpostmasters who claim they
were wrongly accused of theft or false accounting could join a class action
against the Post Office to clear their names. The case could result in a payout of tens of
millions to the subpostmasters, who say that a faulty IT system led to
accounting shortfalls. Many lost their jobs and were forced to pay back
thousands of pounds that had gone missing from their branches, while some were
given prison sentences.
More than a quarter of a million customers of
payday loan firm Wonga are being warned that their personal data may have been
stolen in a data breach at the firm. The online lender said it was "urgently
investigating illegal and unauthorised access” to the personal data of some of
its customers in the UK and Poland. It is understood that the breach could
affect up to 270,000 current and former customers, including 245,000 in the UK.
The company would not disclose where it had taken place.
The US Department of Labour has accused
internet giant Google of not paying women employees the same as men. The agency found "systemic compensation
disparities against women pretty much across the entire workforce”, according
to Janette Wipper, a Labour Department regional director.
The Department’s regional solicitor Janet
Herold said the agency has "received compelling evidence of very significant
discrimination against women in the most common positions at Google
Laws forcing employers to reveal the gender pay
gap in their workforce, which come into force on Thursday, could do more to
reduce the earnings gulf between men and women than four decades of equality
legislation, according to employment experts.
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