Corporate Governance and Social Responsibility
House of Fraser is a principal subsidiary by Highland Group Holdings Limited, 35% owned by Landsbanki. One of its former directors, Jon Asgeir Jóhannesson, is currently being investigated for fraud and is fighting allegations that he diverted US$2bn (£1.4bn) from collapsed Icelandic bank Glitnir.
There was an allegation of a racist advertising campaign in 2007 resulting in House of Fraser having to pull one of its adverts with the now infamous slogan "black is back, white is right".
In 2002, House of Fraser settled an undisclosed amount for the use of illegal software.
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Famous quotes containing the words corporate, governance and/or social:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
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