By Lily Bearings
©2004-2008
The Bearing Industry Code of Conduct has received correspondence from Sweden's high profile corporate monitor Hallvarsson and Hallvarsson regarding the award given to SKF for good corporate social responsibility whilst been convicted and penalized by a European Court of Law.
Sweden's Mr. Martin Peterson, CEO of Hallvarsson states the head of regulator CSR Phd. Tommy Borglund will address this contentious matter about SKF.
Global monitor for transparency and corporate governance, Development Gateway Foundation who advises various governments has responded adding a very strange situation when a known corporate violator SKF receives a good corporate award that could compromise the Judicial system.
Further, SKF and Schaeffler group are also involved with fake counterfeit fraud allegations that SKF CEO Mr. Tom Johnstone refuses to comment.