Helsinki (17.06.2012 - Timo-Erkki Heino*) More than one out of five, 22 per cent, of the board members and the CEOs of Swedish listed companies has been convicted of a crime resulting in fines or in custodial or suspended prison sentences.
The most common crime among the boards of directors and chief executives has been drunken or reckless driving. But also crimes endangering life and health, such as assault, were committed, as well as fraud and insider trading.
The findings were revealed in two research reports connected with the Sustainable Investment Research Platform SIRP at the Umeå School of Business in Sweden and headed by economics professor Lars Hassel.