The country has been a stellar performer in Latin America, but now a worldwide scandal about its massive offshore financial industry is putting Panama’s economic growth at risk.
Corporate Social Responsibility
Management | Corporate Culture
Several recent financial and corruption scandals have forced multinationals to develop comprehensive corporate conduct and compliance programs.
Management | Corruption
At the anticorruption summit held in London last month, world leaders pledged to fight tax dodging, boost transparency and redouble efforts to confiscate and repatriate stolen assets to many of the world’s poorest countries.
Corporate leaders can be forgiven for not thinking too far ahead. The length of time that investors hold stock has fallen. Share-holders want fast rewards—and quick fixes when performance flags. Moreover, given the upheavals and macroeconomic uncertainties of the past decade, many CEOs and CFOs have been preoccupied with firefighting.
Corporate Charity | Trends
Billionaire philanthropy may be growing, but it is also giving rise to a new trend that could change the face of charitable giving.
Management | Corporate Governance
With the enactment of the Modern Slavery Act in October, the United Kingdom has made a new addition to the growing body of compliance regulations sprouting up globally.
Management | Corporate Boards
Led by investors such as Carl Icahn, Bill Ackman and Jeff Smith, and targeting companies from DuPont to PepsiCo, campaigns by activist investors have become a common occurrence in the United States in the past few decades.
Thomas Gass, assistant secretary-general for policy coordination and interagency affairs in the Department of Economic and Social Affairs at the United Nations, talked with Global Finance about the UN’s new Sustainable Development Goals and how the private sector can help.
Islamic Finance | Bank Negara’s decision to halt issuing shariah-compliant bonds has left a big hole in the Islamic debt market. Filling the void will take time.
Newsmakers | United Nations
When the United Nations Global Compact was launched 15 years ago at the New York Stock Exchange, Lise Kingo was entrenched on the corporate responsibility frontline in Europe.
Winterkorn is forced to resign after it was revealed the company was guilty of manipulating diesel emission tests.
Annual Awards honoring the Best Islamic Financial Institutions in the world.
Global Salon | Global Finance sat down with Ommeed Sathe, vice president and head of impact investing at Newark, New Jersey-based insurer Prudential Financial, to discuss how corporate social responsibility and profitable investing can go hand in hand.
Special Report | Private Banking
Offshore banking, the booking and management of assets outside an individual’s country of domicile, has taken a beating since the financial crisis.
Q&A with Moataz Natafji, general manager, BLOM Development Bank, the Islamic subsidiary of BLOM Bank, Beirut, Lebanon
Q&A with Mike Maguid Abdelaaty, president, American Finance House Lariba, Whittier, California
Special Report | Pensions & Benefits Management
Combating economic trends, regulators and even demographics, funds are forced to think outside the box.
Best Islamic Financial Institutions | Introduction
Islamic finance is breaking out, as long-awaited regulatory reform takes hold in key nations, boosting transparency and driving new business.
Morocco | In recent years, Morocco has successfully attracted a growing flow of foreign capital, becoming the top foreign direct investment recipient in the Maghreb region (Northwest Africa), and one of the largest in the African continent.