Comporate Transparency Issues (Season 3)

As a followup to the previous post, why would a fully compliant company, strictly implementing business rules according to the Oracle Ethics & Business Conduct code would need subsidiaries in the Cayman Islands ?
Why do we still maintain some black holes within a company, except for hiding things ?
After so many failures from the Audit companies (Olympus scandal, Wikipedia links, big four flaws), how can we truly be confident that massive financial manipulations are a thing of the past.

Can a shareholder assess the effectiveness of the internal whisleblowing processes ?
Can the world governments be so blind about the big corporations good reporting faith ?

Comporate Transparency Issues (Season 3)

What has changed since the Foreign Corrupt Practices Act in our big corporations ?
A huge number of employees are made aware of very strict rules of engagement, defined in the business ethics guide.
However, which body controls the whisleblowing process ?
What proof is been made that no black things is still been done under covert ?
Why isn't there any employee representatives in those governance bodies ?

Just have a look at the following Article from the NYT Entitled : Hits, and Misses, in a War on Bribery

Oracle's Africa dealings come under FBI scrutiny

We had the opportunity to report many times the company lack of transparency regarding Oracle tax haven operations, in capability to host many secret fund transfers towards swiss accounts.
CFDT Labor Union filled an official complaint regarding Oracle Ethics Code and the lack of compliance of Offshore operations.

The complaint was dismissed without further investigations.

The wall street journal is reporting an FBI investigation towards Oracle African deals, initiated few years ago, that could unveil many very unethics affairs, if the Tax havens operations secrecy could be blown out.

How many times shall we wait before state of art accounting, independant certification and operations transparency is enforced in subsidiaries like Cayman Islands ?

When are we really going to shut down these darn tax haven ?

You will find very few Electronic traces of tax haven operations, employees, web sites, contacts - We should not get exposed to our own Ethics code whisleblowing process ! Opacity is at its maximum, and no one knows who watches these subsidiaries !

Read More : Oracle Capac Registration
High tech Planet : Secrets of an IT Road Warrior - An imaginary novel figuring a millionaire - Luke Mc Ellis.
And even more iconoclastic : Larry's fake interview on youtube

Sharing the code of ethics goals

The FR Works council is beeing consulted on the code of Ethics and Business Conduct to be implemented in France. This code should be fully enforceable towards employees.
The exposed principles are quite legitimate as they define what a responsible employee in a responsible company should do.



Responsible company ?
We face very opaque compliance protocols, as employee reps cannot control the ethics alerts nor allow any investigation rights on non compliances issues.
The company refuses to answer any questions regarding offshore operations, non compliance alerts.
Very strict SEC requierements are to be enforced to guarantee governance rules in terms of corruption, local law compliance, fair treatement and reporting.
We feel the lack of a World Wide Employee Works council independant control is a very important flaw, and we feel dangerous operations could still be conducted, "under the radar screen" in confined areas of huge corporations like Oracle.

Let's not forget Delaware, Cayman Islands, Mauritus, Luxembourg operations actually beeing run by Oracle - Who is in charge of controlling what's been done there ?
Are shareholders and employees to be proud of those covert operations ?

CFDT Oracle Labor union requests a worldwide employee governance model that enforces long term operations, fully compliant in any area of the company.

You want discuss, you have doubts about ethics management, you wish to submit a whisleblowing alert thought us, we'll help.


Read more : Secrecy Juridictions, Tax Justice Network, Sarbanes Oxley Structural Model by R. Moberly,

Social Reponsability - Cannot mix dividends and layoffs

Oracle as announced dividends will be payed to shareholders for the first time in the company history.
We call the company to freeze any layoff projects that might be planned or under deployment, as the announced results do not demonstrate any risk regarding the company viability.
If any workforce reduction would be needed, we requiere a voluntary-leave-only program.
France as successfully initiated such a program with FR HR's Help.
This experience could easily be shared at a larger scale.

Let's build together a better world, a better Society and more socialy responsible company.

... And you know what ? employee morale will bring more success to the company and its customers.

Oracle 11g is Green

Have you seen this advertisement regarding Oracle 11G, nearly self labelled as 11 G Green, producing energy savings thanks to the "Green" compression technology, as less storage would be needed ?

This is so much in Oracle best expertise traditions, deploying a huge intelligence effort in marketing instead of doing the real hard work.

Despite significant savings efforts in Redwood Shores, Let's reckon much of the hard work is still to be done outside California, not the least internally, where no-one can say how much CO2 is generated from the internal travels.

Oracle Annoucement "Go Green with Fewer Disk Drives and Less Energy As seen in the Wall Street Journal and other major publications, Oracle is proud of the energy and space savings that Oracle Advanced Compression delivers. It helps Oracle Database 11g use much less the disk space and power, while it runs faster than ever before. With Oracle Advanced Data Compression, Oracle customers are making the planet a little greener"

See the interesting threads developpements "Green is not in Oracle vocabulary" , "Sorry Oracle : Green IT is for you too" from a Charles Philips interview, 11 G - "G" stands for Green or Greenbacks, Green is the new black,

Your comments are welcome.

For the records : Oracle Position - Beeing Green - Oracle High Tech Green Giant