China bars GlaxoSmithKline finance director Steve Nechelput from leaving country amid bribery investigations

Corporate HR and Finance Executives See More Collaboration in Their Future, Towers Watson Survey Fin

Nechelput continues to work in his role as finance director for the company’s China unit. Chinese police announced this week they have detained four GSK employees on suspicion of paying bribes to doctors, hospitals and others to encourage them to prescribe the company’s medications. China pursues Glaxo for bribery Police say the employees funneled as much as 3 billion yuan ($490 million) through travel agencies and consulting firms to hide the source of bribes, according to Chinese news reports. Investigators have not made clear how much of that money was paid as bribes.

Russia does outstanding work as G20 presiding country – Mexico finance minister

HR and finance executives were also closely aligned on top people risks, with both groups focusing on insufficient leadership development (44% finance and 60% HR), inadequate retention of people and skills required for growth (40% finance and 49% HR), and inadequate investment in talent for critical roles (34% finance and 50% HR). “HR/finance collaboration can and should go beyond rewards to encompass the full strategic workforce agenda,” said Seaborn. “Ultimately, sustaining and improving performance must be a shared responsibility between the two functions since it depends so heavily on the relationship between what an organization can afford to invest in its people and the financial goals it has to deliver,” Seaborn concluded. About the Survey The Towers Watson/Forbes Insights survey was conducted in February 2013, and includes responses from 122 HR executives and 218 finance executives at U.S.

GlaxoSmithKline offices in London.

As high debt volumes create uncertainly for investors, at the G20 Finance Ministers and Central Bank Governors meeting we plan to raise the issue of medium-term guidelines for debt policies of the countries that had accumulated large debts. We should tell investors about confidence in certain countries, about their debt policies and about whether they will pile up their debts or whether they will restrict or reduce them, the minister said. The G20 finance ministers will also discuss monetary measures to support economies. Siluanov also said he did not expect any major progress in the issue of reforming the IMF quota system.


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