Integrity, Morals and Ethics scenario:
You are a person who is the representative of a corporation that upholds itself to high ethical standards. Would you participate in negotiating, and signing on behalf of your corporation, a contract that completely devalues shareholder equity - knowing full well that many of these shareholders are also valued customers or shareholders of your corporation ?
The following representatives compromised their corporate values:
RBC - Ann Hurley
RBC - Richard Hall
CIBC - Doug Brown
ScotiaBank - Scott Bernard
Bank of Montreal - Gregory Wiliam Fedoryn
(see page 77 of 242 page redacted Allen-Vanguard contract) Sept 22/09 sedar.com 734 K
EDC Ethics Compliance Officer has launched an investigation of EDC's role in this deal as a possible "business ethics" violation, see CINSCO's SI post 407, Message 26009101
What about these above corporations, do they have they any ethics compliance officers to investigate ?
... or do they just get away with lacking ethics ?
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Media Contacts
Media Relations
(416) 974-5506, stephanie.lu@rbc.com, dawn.chan@rbc.com, matthew.gierasimczuk@rbc.com
RBC Investor Contact
Josie Merenda, Vice President, Investor Relations
(416) 955-7809, josie.merenda@rbc.com
CIBC Media Relations Contacts:
Rob McLeod, 416-980-3714, rob.mcleod@cibc.com
Doug Maybee, 416-980-7458, doug.maybee@cibc.com
CIBC Ombudsman ombudsman@cibc.com
Scotia Bank
Ann DeRabbie
Senior Manager, Public Affairs
Phone 416-933-1344
ann_derabbie@scotiacapital.com
Jane Shannon
Senior Manager, Public Affairs
Phone 416-933-3056
jane_shannon@scotiacapital.com
Bank of Montreal
Corporate Media Relations
Ralph Marranca: ralph.marranca@bmo.com
External and Media Relations
Paul Gammal: paul.gammal@bmo.com
Ombudsman for Banking Services & Investments
JoAnne Olafson, Toronto, 1-888-451-4519 ombudsman@obsi.ca
If you want to help us fight this deal - please contact these people asking for an explanation. Consider adding your other media contacts, as media attention needs to be brought to the "business ethics" involved with this deal. If you need media contacts - see the welcome screen.
If you are still unsure if ethics were ignored by the signing parties, consider that ethics is a two—way affair, with equity as its strong theme. In its broad meaning, equity denotes the spirit and the habit of fairness, justness and right dealing. The great emperor, Justinian, expressed it well when he said equity means "to live honestly, to harm nobody, to render to every man his due." The law says that one shall act in such—and—such a manner toward another; equity says that both shall act equitably, or ethically. A legal maxim lays down the rule that he who comes to equity must come with clean hands.
If you read this board, you have an interest in protecting your investment - so do something to help out - send email, make some phone calls, get involved, get value for your investment, don't be complacent, or rely on others to stand-up for your rights. Allocate a few minutes of your time, your involvement can make a huge difference.
Thanks to all who help. |
