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THE interests of minority shareholders in many public companies are not served by the still strong executive management influence over their internal auditors who should ideally be acting independently, said Wee Hock Kee, the newly elected president of Institute of Internal Auditors Malaysia (IIA Malaysia).
Revelations that Lucent Technologies Inc's senior executives in China may have violated US law banning the payment of bribes overseas is unlikely to be an isolated case in a country where corruption is common despite government campaigns to stamp it out, analysts said.
The Spanish Football Federation are to investigate allegations made by Racing Santander forward Mario Regueiro that an attempt was made to bribe him before a Primera Liga game against Celta Vigo.