Thursday, September 15, 2005

Report slams UN over corporate governance


The Swiss member of a panel examining the United Nations oil-for-food programme tells swissinfo of a "deficit of corporate governance" at the world body.

Lawyer Mark Pieth was speaking after the publication of the committee's final report, which slammed the UN for operating the now-defunct programme in a corrupt and wasteful manner.

The report, published in New York on Wednesday, strongly criticises UN Secretary-General Kofi Annan, his deputy and members of the UN Security Council for mismanaging the humanitarian scheme which operated in Iraq from 1996 to 2003.

Pieth, a professor of criminal law at Basel University, is one of three investigators charged last April with probing allegations that individuals and firms from around 50 countries helped the former Iraqi leader Saddam Hussein to profit from the programme.

See full Article.