Alibaba Membership Suspended
World Economy

Alibaba Membership Suspended

An anti-counterfeiting group said it was suspending Alibaba Group Holding Inc’s membership following concerns raised by some of its member companies, CNBC reported. The International Anti-Counterfeiting Coalition statement follows an AP report that the group’s president, Robert Barchiesi, had stock in Alibaba and that he used family members to help run the coalition. The group told its members that it failed to inform the board about conflicts of interest involving Barchiesi. In a letter sent to its members, IACC said conflicts were not disclosed to the board “because of a weakness in our corporate governance procedures.”


Short URL : http://goo.gl/qEIorA
  1. http://goo.gl/21WcvE
  • http://goo.gl/v7KYMS
  • http://goo.gl/hWDbMU
  • http://goo.gl/Of4oDS
  • http://goo.gl/AJ3Coe

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...