Trust Digest 41 (March 4, 2014)

Apple, eBay, Gap, Intel Throw Weight behind Climate Declaration
A group of 140 California firms have reiterated calls for legislators to deliver ambitious action on climate change with the release of a new declaration signaling their support for policies that serve to cut emissions and drive investment in clean tech.
Key Words: Climate Change, California
Trust Issues: Responsibility, Stewardship

Apple CEO: Climate Change Deniers Should Take Their Money Out of Apple Stock
If you want to invest in the future of Apple, you better have a stake in the future of the planet. That’s the message Apple CEO Tim Cook sent on Friday at Apple’s annual shareholders’ meeting, after a conservative think tank, the National Center for Public Policy Research (NCPPR), derided the company for hiring former Environmental Protection Agency head Lisa Jackson and focusing on sustainability efforts.
Key Words: Apple, Climate Change
Trust Issues: Responsibility, Integrity, Stewardship

Why Giving Work Is Better Than Giving Aid
Samasource is a nonprofit organization that connects people living in poverty to life-changing digital work. We believe that the most effective form of aid we can provide to the disadvantaged is exposure to formal employment -- to labor law-protected positions that pay a living wage. Cisco product and cash grants help Samasource bring dignified, computer-based work to more than 4500 women, youth, and refugees living in poverty.
Key Words: Aid, Nonprofit, CSR
Trust Issues: Responsibility, Benevolent Concern

Honda Appoints First Woman to its Board
Honda has appointed a woman to its board for the first time and given a major promotion to a foreigner, in a sign that the automaker wants to change perceptions of a hidebound corporate culture.
Key Words: Leadership, Honda, Women
Trust Issues: Accountability, Competence

The Companies That Are Using the Most Solar Power
550,000 solar panels. 1 million panels planned by 2016. Thirteen wind farms. You might be thinking we're talking about a fair-sized utility. But no. The company with all this renewable energy capacity is actually Ikea. The flatpack giant is becoming a renewable power house.
Key Words: Solar Power
Trust Issues: Responsibility, Stewardship

Credit Suisse: Senate Forcing Banks to Keep Secrets
Swiss bankers said they’d be happy to open up their books to U.S. investigators, if only Congress would ratify a 2009 tax treaty.
Key Words: Credit Suisse, Secrecy Laws
Trust Issues: Transparency, Regulation

The Enemy Within
Some frauds are committed by people at the top such as Bernard Madoff or Allen Stanford. Others are committed by hired-hands lower down the organisation. But all frauds involve abusing people’s trust and diverting corporate resources for personal ends. Fraud by wayward employees, be they high or low, can never be eliminated. Directors and executives can, however, treat it like any other unavoidable risk, and manage it professionally.
Key Word: Fraud
Trust Issues: Corruption, Regulation

Trust Eroded, Obama Looks beyond Karzai
…Mr. Obama told him, in effect, that the United States would deal with the next Afghan leader. He warned Mr. Karzai that the longer it took for Afghanistan to sign the pact, known as a bilateral security agreement, or B.S.A., the smaller the residual force was likely to be. It was the first time the leaders had spoken since last June, and for all intents and purposes, it marked the end of a relationship that had long since broken down in acrimony.
Key Words: Afghanistan, Karzai, Trust
Trust Issues: Communication, Stakeholders

'Tragic Violation of Trust': Mt Gox Loses Over $300mn in Bitcoin Heist
Mark Karpeles, the chief executive of the Tokyo-based Mt Gox exchange, resigned from the board of the Bitcoin Foundation ‘effective immediately.’ In response to the resignation and the mysterious disappearance the Bitcoin Foundation issued a statement: “This tragic violation of the trust of users of Mt.Gox was the result of one company’s actions and does not reflect the resilience or value of bitcoin and the digital currency industry.”
Key Words: Bitcoin, Trust
Trust Issues: Responsibility, Accountability, Competence, Stakeholders

British Spies Said to Intercept Yahoo Webcam Images
A British intelligence agency collected video webcam images — many of them sexually explicit — from millions of Yahoo users, regardless of whether they were suspected of illegal activity, according to accounts of documents leaked by Edward J. Snowden.
Key Words: British Surveillance, Webcams
Trust Issues: Responsibility, Accountability, Ethics, Transparency, Regulation

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