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Integrity - use of values or principles to guide action in the situation at hand.

Below are links and discussion related to the values of freedom, hope, trust, privacy, responsibility, safety, and well-being, within business and government situations arising in the areas of security, privacy, technology, corporate governance, sustainability, and CSR.

Funds under microscope in wake of U.S. scandal, 1.1.04

Canadians have entrusted nearly $425-billion to the country's mutual fund managers.

The big question facing Canadian mutual fund companies is how the scandal rocking the U.S. industry will affect investors here, industry observers say.

Canadians have entrusted nearly $425-billion to the country's mutual fund managers. But the trading abuses uncovered in the United States once again raise questions about governance and who is watching over the managers.


The lack of independent governing bodies in Canada to oversee mutual fund managers makes it more difficult to monitor their operations, Mr. Erlichman said. He recommended in a report in 2000 that funds be required to have compliance plans and that managers answer to an independent group of advisers.

While Canadian regulators have yet to adopt such proposals, their counterparts in the United States last month introduced rules requiring investment advisers to implement compliance plans. U.S. mutual funds are already required to report to a board of directors.



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"We shall need compromises in the days ahead, to be sure. But these will be, or should be, compromises of issues, not principles. We can compromise our political positions, but not ourselves. We can resolve the clash of interests without conceding our ideals. And even the necessity for the right kind of compromise does not eliminate the need for those idealists and reformers who keep our compromises moving ahead, who prevent all political situations from meeting the description supplied by Shaw: "smirched with compromise, rotted with opportunism, mildewed by expedience, stretched out of shape with wirepulling and putrefied with permeation.
Compromise need not mean cowardice. .."

John Fitzgerald Kennedy, "Profiles in Courage"


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