U.S. court hears challenge to new regulations on conflict minerals, while India weighs efforts to fight corruption
WASHINGTON - Companies are in court on Tuesday to challenge new U.S. regulations requiring them to check that their products contain no minerals or metals from the Congo conflict zone. Corporations argue the rules are onerous and unrealistic, while human rights advocates say that corporations have a moral responsibility to make sure minerals are conflict-free. The federal Court of Appeals will hear the challenge to the Securities and Exchange regulations, Section 1502 of the Dodd-Frank bank reform act.
WASHINGTON - Partnership for Transparency Fund (PTF), a Washington-based group that funds and trains civil society groups fighting corruption, has named Richard Stern as its new president and CEO. Stern is a former vice president of the World Bank and has sat on PTF’s executive board for more than four years. He succeeds Daniel Ritchie. In a press release, Stern said he will build on PTF's success to date in helping citizens hold their governments to account for the delivery of vital services in an efficient and fair manner.
NEW DELHI - Punjab Deputy Chief Minister Sukhbir Singh Badal said on Monday that setting up an anti-corruption commission, or Lok Pal, as demanded by the anti-corruption Aam Aadmi Party is not a solution to eliminate corruption, and called for administrative reforms to "change the system", according to the Business Standard. Meanwhile, Delhi Chief Minister Arvind Kejriwal said on Monday that special software for the State Vigilance department to handle corruption complaints will begin operating this week.
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