Newspaper article St Louis Post-Dispatch (MO)

APNewsBreak: Anti-Counterfeiting Group Suspends Alibaba

Newspaper article St Louis Post-Dispatch (MO)

APNewsBreak: Anti-Counterfeiting Group Suspends Alibaba

Article excerpt

SHANGHAI * An anti-counterfeiting group said Friday that it was suspending the Chinese e-commerce giant Alibaba's membership after an uproar by some companies that view the online retailer as the world's largest marketplace for fakes.

The International Anti-Counterfeiting Coalition told members that it had failed to inform the board of directors about conflicts of interest involving the group's president, Robert Barchiesi.

Earlier Friday, The Associated Press reported that Barchiesi had stock in Alibaba, had close ties to an Alibaba executive and had used family members to help run the coalition.

The coalition, in a letter to members sent after the AP report came out, said conflicts weren't disclosed to the board "because of a weakness in our corporate governance procedures." The coalition said it was hiring an independent firm to review its corporate government policies. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.