December 2002Issue 352



Copying corporate behaviour

As NGOs struggled for binding international rules to make corporations socially and economically accountable at this year’s World Summit on Sustainable Development, yet another story was unfolding to illustrate why such rules are needed. US photocopier giant Xerox has over 50-per-cent market share in photocopiers in India. In August this year, Press Trust of India reported that authorities in India were investigating 85 accounts through which Xerox was believed to have paid bribes to government officials to win sales. This followed April litigation in the US which concluded in Xerox paying a record $10 million to the Securities and Exchange Commission. The payment was made to settle charges that Xerox overstated its financial results by $3 billion over four years in order to defraud investors and inflate its earnings.




Language Tools
Powered by Ultralingua

Join over 30,000 people just like you. Get e-mail updates about new content, action alerts, contests, and more!

other articles
FROM THIS ISSUE

How children saved the river
‘Economy first’ is out. ‘Ecology first’ is in. Ma Guihua tracks the turn-about in the Chinese city of Chengdu.

Profit from principle
Kenyan forest endangered by local people has been saved... by butterflies. Katy Salmon flies in to find out why.

Brave steps towards peace
Dylan Matthews and Jason McLeod profile three peace activists putting their lives on the line.

Polyp's Big Bad World – December 2002
One world, one helmet.

A legacy of learning
a Palestinian hero’s enduring legacy, by Reem Haddad

recently
IN THIS COLUMN

Best of the NI web
Favourites from the New Internationalist blog

Last frontier
Local communities fight mineral exploration and eviction in the Andes






Voices from the margins:

Multimedia: video, podcasts, and more.


Subscribe to NI now!