Trust Digest 85 (February 23, 2015)


Google Opposes Proposal To Ease Warrants for Computer Searches
Google GOOGL is opposing a proposal that would make it easier for law enforcement to get warrants to hack into computers, the latest skirmish between Silicon Valley and the U.S. government in the wake of Edward Snowden’s revelations about widespread spying.
Key Words: Law Enforcement, Hack, Google
Trust Issues: Transparency, Privacy


Big Investors Exiting Petrobras as Corruption Scandal Drags On
Some big international investors have been selling shares in Brazil's state-run oil company Petróleo Brasileiro SA, or Petrobras, as the company faces the biggest crisis of its history amid corruption allegations.
Key Words: Corruption, Petrobras
Trust Issues: Corruption, Public Trust


American Express Loses Antitrust Lawsuit on Merchant Rules
Kenneth Chenault rolled the dice and lost. The longtime chief executive of American Express Co. refused for years to settle an antitrust case with the U.S. government, vowing to fight even as the company’s top rivals cut deals. On Thursday, a U.S. District Court judge sided with the Justice Department, ruling that AmEx’s rules are anticompetitive by not allowing merchants to promote other cards or offer certain discounts. For Mr. Chenault, the loss was the second big blow in a week, following AmEx’s surprise announcement that its 16-year partnership with Costco Wholesale Corp. would end next year.
Key Words: Antitrust, AmEx
Trust Issues: Antitrust, Fair Competition


Even the Experts Are Frustrated: Stanford Research Finds Shareholders Dissatisfied with CEO Pay Disclosure
Nearly half of institutional investors believe that corporate disclosure about executive compensation should be clearer and easier to understand, according to new research from Stanford Graduate School of Business (GSB). In particular, shareholders were dissatisfied with CEO compensation disclosure.
Key Words: Executive Compensation, Corporate Governance, Stanford GSB
Trust Issues: Corporate Governance, Transparency


Tax on Sugary Foods Proposed by U.S. Panel to Fight Obesity
Americans should pay taxes on sugary sodas and snacks as a way to cut down on sweets, though they no longer need to worry about cholesterol, according to scientists helping to revamp dietary guidelines as U.S. obesity levels surge.
Key Words: Obesity, CDC, Health
Trust Issues: Health Concerns, Sustainability


Sustainability Accounting for Investors: Q&A with Robert H. Herz
Robert H. Herz served as chairman of the Financial Accounting Standards Board from 2002 through 2010. In January of this year, he joined the board of the Sustainability Accounting Standards Board, an organization working to develop industry-specific environmental, social and governance accounting standards for investment analysis. Mr. Herz has spent much of his career studying non-financial metrics relevant to value creation, and in 2001 co-authored a book on the subject, entitled The ValueReporting Revolution: Moving Beyond the Earnings Game. In a conversation with Risk & Compliance Journal, Mr. Herz explained why and how he expects to see adoption of such standards.
Key Words: Sustainability Accounting, FASB
Trust Issues: Sustainability


How companies can help defuse violent extremism
There is no clear-cut “victory” over violent extremism. Our victory will be over the causes of extremism and radicalization, when we partner to build more inclusive, more just, tolerant and open societies. Security is not just an absence of conflict. For many years, the World Economic Forum has explored a broader interpretation of security – one that includes policy frameworks that allow economic opportunities and social inclusion to be achieved.
Key Words: World Economic Forum, Security
Trust Issues: Security, Social Inclusion


Google's new CAPTCHA security login raises 'legitimate privacy concerns'
The “CAPTCHA” has infuriated web users for years: It's that login test that asks you to type in a hard-to-read sequence of letters or numbers in order to prove are not a robot. Get one letter wrong and you'll be denied access. In a bid to ease that irritation, Google launched what it dubbed the “No Captcha ReCAPTCHA" in December, which it claims has the ability to verify a human user by looking at things like the behavior of their mouse movements and the way they type.
Key Words: Crisis, Water, Drought
Trust Issues: Public Utility, Public Safety


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