Category: Corporate Governance
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From Arms Brokering to Aviation Consulting: Examining Rami Ghanem, Mohammad Al-Daboubi and the Kloub Brothers
In August 2019, a federal judge in Los Angeles sentenced Rami Najm Asad-Ghanem to 30 years in prison. According to the U.S. Department of Justice, he was convicted of conspiring to transfer and use surface-to-air missile systems and pleaded guilty to offences involving illegal weapons exports, smuggling, money laundering and unlicensed arms brokering. Prosecutors said…
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Wells Fargo: Corporate Governance, Corporate Culture, and the Long Road to Rebuilding Trust
Corporate governance is often tested not during periods of success, but when an organization’s culture, oversight, and internal controls fail to prevent misconduct. The experience of Wells Fargo, similar to the Volkswagen story, illustrates how governance failures can develop gradually over many years before becoming public, resulting in significant regulatory penalties, leadership changes, and lasting…
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Volkswagen: Lessons from Emissions Compliance Failures and Rebuilding Corporate Trust
Corporate reputation is one of the most valuable assets any organization possesses. It can take decades to build and only days to damage. Few modern business scandals demonstrate this reality more clearly than the emissions crisis involving Volkswagen. What began as a technical effort to meet environmental regulations while maintaining vehicle performance evolved into one…