A U.K. court fined Petrofac Ltd. £77 million (equivalent to $104.3 million) for failing to prevent senior executives from using agents to bribe public officials for oil contracts in the Middle East.
Executives at large public companies are asking the Financial Accounting Standards Board to write rules on crypto assets and transactions related to environmental, social and governance issues.
The former employee who gathered documents that formed the foundation of The Wall Street Journal’s Facebook Files series says that her goal is to help prompt change at the social-media giant, not to stir anger toward it. “I love Facebook. I want to save it.”615