Ethics and governance in the European Financial centers

I have alredy evoked IMS Luxembourg, the association responsible for promoting Corporate Social Responsibility in Luxembourg.
I was suprised to see that wthere is something wrong with the governance of this association that should be an example, but it is true that in Luxembourg Corporate Social Responsibility is limited to promotional activities do not like those who call for business ethics.


When the association was lounched the board members were published dated 20 March 2007 :

Christian Scharff (Dexia), Chairman
Roland Verstappen (Arcelor Mittal) Deputy chairman
Eric Müller-Borle (Kneip) Secretary
Pierre Krier (PwC) Tresurer
Katia Scheidecker (Noble & Scheidecker)
Paul De Cooman (AXA)

These members were published in the press.

There is a new document online dated as well 20 March 2007, with the following members :

Christian Scharff (Dexia), Chairman
Rémi Boyer (Arcelor Mittal) Deputy chairman
Bob Kneip (Kneip) Secretary
Pierre Krier (PwC) Tresurer
Katia Scheidecker (Noble & Scheidecker)
Paul De Cooman (AXA)


In other words, an official document like a board composition was retroactively changed for the Deputy Chairman and the Secretary, which does not comply with governance good practices.

But it complies with the lax business culture in Luxembourg.