Tag Archives: ethics

Federal Reserve Vice Chairman Richard Clarida will leave the central bank two weeks earlier than planned, following increased scrutiny into financial transactions he made in 2020 — while the Fed was taking action to save the U.S. economy. Clarida, who served as the central bank’s No. 2 official on monetary policy efforts through the pandemic, said he will step down from the Fed effective Jan. 14. He was appointed by the Trump administration in September to serve for a term that expired… Source link

Internet, 29 December, 2021. Yandex has updated the Yandex Group’s Code of Business Ethics and Conduct and introduced a standalone Supplier Code of Conduct. Effective from February 1, 2022, these documents will be used as the basis for the monitoring and management of compliance with the relevant internal policies and procedures. Yandex will inform all applicable stakeholders about the changes before the effective date. These documents align internal… Source link

The Federal Reserve on Thursday said it will tighten its ethics rules concerning personal finances among its most senior officials, the latest development in a trading scandal that has led to the resignation of two policymakers. The central bank said it has introduced a “broad set of new rules” that restricts any active trading and prohibits the purchase of any individual securities (i.e. stocks, bonds, or derivatives). The new restrictions effectively only allow purchases of diversified… Source link

Federal Reserve Chairman Jerome Powell has directed staff to review the central bank system’s rules around stock trading as part of clean-up efforts related to the disclosure of several personal multi-million dollar transactions made by senior policymakers last year. “Chair Powell late last week directed Board staff to take a fresh and comprehensive look at the ethics rules around permissible financial holdings and activities by senior Fed officials,” a Fed spokesperson said. The Fed… Source link

Privacy laws in the U.S. need to be updated, especially after Google struck a deal with a major hospital chain, medical ethics expert Arthur Kaplan said Wednesday. “Now we’ve got electronic medical records, huge volumes of data, and this is like asking a navigation system from a World War I airplane to navigate us up to the space shuttle,” Kaplan, a professor at New York University’s Grossman School of Medicine, told “The News with Shepard Smith.” “We’ve got to update our privacy protection… Source link

An influential racial justice group called on Google to allow independent auditors to investigate the company’s business for potential discriminatory conduct. Color of Change is urging the internet search giant to undergo a racial equity audit of its operations following the ouster of two women who led the company’s Ethical AI team. In a letter to Google Chief Executive Officer Sundar Pichai and other top executives, Color of Change said a public and… Source link

You’ve landed on the web version of the weekly Human Capital newsletter. Sign up here to get this in your inbox every Friday at 1 p.m. Welcome back to Human Capital. A lot happened this week pertaining to on-demand companies like Uber, Postmates, DoorDash and Instacart, and their respective gig workforces. Meanwhile, New York’s attorney general hit Amazon with a lawsuit over its warehouse labor practices and Twitter made some new commitments to increase diversity at the leadership… Source link

By Paresh Dave, Jeffrey Dastin (Reuters) – Alphabet Inc’s Google fired staff scientist Margaret Mitchell on Friday, they both said, a move that fanned company divisions on academic freedom and diversity that were on display since its December dismissal of AI ethics researcher Timnit Gebru. FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo Google said in a statement Mitchell violated the… Source link

Google has fired Margaret Mitchell, the founder and former co-lead of the company’s ethical AI team. Mitchell announced the news via a tweet. Google confirmed Mitchell’s firing in a statement to TechCrunch; Google said: After conducting a review of this manager’s conduct, we confirmed that there were multiple violations of our code of conduct, as well as of our security policies, which included the exfiltration of confidential business-sensitive documents and private data of other… Source link

An engineering director and a software developer have quit Alphabet’s Google over the dismissal of AI researcher Timnit Gebru, a sign of the ongoing conflicts at the search giant over diversity and ethics. David Baker, a director focused on user safety, left Google last month after 16 years because Gebru’s exit “extinguished my desire to continue as a Googler,” he said in a letter seen by Reuters. Baker added, “We cannot say we believe in diversity, and then ignore the conspicuous… Source link