Saturday, August 7, 2010

Hewlett Packard CEO Mark Hurd- False Expense Report

Right now, most of the medias is covering the news about Mark Hurd, CEO of Hewlett Packard's resignation. Mark Hurd, CEO of HP, following a sexual harrasment investigation has admitted he had a "close personal relationship" with a former marketing contractor.

HP said that althorugh there was no violation of its sexual harassment policy, Mard Hurd violated the company's standards of business conduct by submitting inaccurate expense reports that covered his relationship with the contractor.

HP further claims that Mark Hurd had "...failed to disclose a close personal relationship he had with the contractor that constituted a conflict of interest, failed to maintain accurate expense reports, and misused company assets. Each of these constituted a violation of HP's Standards of Business Conduct..."

It is evidenced that HP has a strong corporate governance that guide / regulate the behaviour of its mangement, employees, or every single on within the firm.