Archive for the News category.

Mexican President Felipe Calderon, and His War on Corruption

Posted on October 6th, 2009 by Sandy in News

Mexican President Felipe Calderon has been making great strides of the war against drugs and the trafficking of those drugs in and out of his country.  However, on of the obstacles in this battle has been the ongoing corruption and the interference by the the powerful drug cartels.  The unprecedented effort began almost three years ago, in December of 2006.  The authorities, the administration and the law enforcement agencies have been dealing with the repercussions since then, which include increased resistance by the drug trafficking cartels, and increased violence between the cartels and the gangs as they each struggle to hold on to or to gain more power.

As it becomes more difficult for them to get away with their criminal activity, the progress of Calderon and his administration is impeded by the current level of corruption.
within the judicial systems of Mexico and the Security organization.  Anti-corruption efforts are now another battle that the country must wage, as this is the key to successful bringing down the drug kingpins and their cartels.  What was once a small blip on Mexico’s communities, the drug dealers, has now affected all aspects of the societies and the culture of the people.  It is becoming so widespread that innocent citizens fear for their lives, and foreign travelers are staying away from the country, which in turn affects the economy, in an already struggling nation.

Calderon states that the only way to solve the problem is to solve it completely, to eradicate once and for the access to the drugs, and the power of the cartels which is an expensive war.  As soon as Calderon took office in 1006, he dispatched more than thirty-six thousand troops, to go in and ‘clean out’ the gang neighborhoods.  This has since caused a bloody turf war, wherein last year alone more than five thousand people were killed in what were for the most part, drug related circumstances.   Mexico is a beautiful country, filled with beautiful people, and Calderon is doing all he can to ensure that peace will be restored, and the rest of the world will again, be able to visit the beaches and the cities throughout the country of Mexico.

The Handbook of Due Diligence

Posted on September 29th, 2009 by Sandy in News

A growing importance is the general guide to the subject of Due Diligence and Corporate Governance. This handbook illustrates how Due Diligence is used to assess the risk of any transaction, customer or investor for all and any businesses regardless of size or location.

There are three main reason for the rise in the uses of due diligence: First, companies are now doing transactions worldwide and the need of utmost importance to be vigilant is increasingly when it concerns the individuals and companies they are dealing with. Second, investors, the media and the consumers are putting pressure on companies to avoid unethical transactions, transactions that harm the environment or corrupting socially responsible organizations. Third and last, internal controls must address the growing regulatory requirements that was introduced in response to the increasing corporate scandals and the terrorist threat.

Due diligence allows companies to profile the companies and their individuals with which they want to do business with before any commitment is made. It’s a tool that provides an effective safeguard against criminal activity, breaches of legislation and damage to reputation.

The handbook, with its diverse coverage and focus on the practical uses of due diligence, combine illustrations and explanations of the best practice by listing case studies, showing diagrams and giving a checklist. It is the essential guide for all companies involved in global transactions and risk management . A broad introductory guide to due diligence provides ways to examine due diligence in the context of corporate governance and risk management. It’s straightforward, practical and comprehensive. The use of case studies illustrates, the checklists to monitor risk management and provide insights into comparative corporate governance to business users is the framework that will build a safe environment not only for your employees and your company, but for all of the United States of America.