According to a study by four business school professors published in the February

According to a study by four business school professors published in the February issue of the Journal of Business Ethics, 41 per cent of controllers and 76 per cent of graduate-level business students were willing to commit fraud as well. “We’ve never done this on radio before,” an IOD spokesman said. He denied it was a desperate measure to get new members: “They still have to satisfy quite searching criteria The ads are an experiment for a couple of weeks. The ad asked: “Are you a company director who is not a member of the prestigious IOD? If so, many doors will be closed to you,” followed by the sound of slamming doors The various doors that would be opened were then listed. Whilst on a roadshow to US institutions, Snook was asked by one American banker: “What’s going to happen to your Arpus?” Snook recalled yesterday: “I thought he was being rude.

In fact it stands for ‘average revenues per unit’, where a unit is a customer.”Half-way through the ads for toothpaste and motor insurance on London News Radio yesterday morning came an exhortation to join the Institute of Directors Apparently the IOD feels that 50,000 members is not enough. The sailing club also runs a yacht, called Ingotism, after the Bank of England’s telex address.
Hans Snook, group managing director of Orange, had one sticky moment when preparing for yesterday’s pounds 2.5bn float. The Bank Waterways Society owns and runs the boats, which are hired out to Bank staff. Much of the 41 per cent leap in sales last year was due to such technology, he said, but he was lucky to be alive to announce the results. Howard Davies, deputy governor of the Bank of England, is taking time off from worrying about the effects of EMU on British industry to christen a canal narrow boat. On Saturday, Davies will name the Bank’s own boat, the Watermark, on a canal near Derby. The boat replaces the old Watermark, which had to be sold off following nine years of wear and tear.

He was in the Chinese capital trying to take a picture of the front of the new railway station, which is two kilometres wide, since it contains closed circuit TV cameras made by Silvermine. Last year it also made its first foray into New Zealand, where it controls 45.1 per cent of Wilson & Horton, the largest publisher, through its 50 per cent-owned Independent Press.In Australia, the group owns 25 per cent of Australian Provincial Newspapers, the regional newspaper publisher, which contributed operating profits of A$41.9m (pounds 21.3m) last year.All told, overseas operations account for more than 50 per cent of total profits. Mr Healy said the company intended to continue expanding globally, following an established strategy of taking minority stakes and building on them.Separately, Independent announced a capitalisation issue on the basis of two new shares for every three currently held. Mr Healy said the issue was aimed at lowering the unit price of the share to encourage investor interest.A final dividend of Ir6.5p has been recommended, taking the total for the year to Ir10p, up 18 per cent over 1994 The shares added 5p to close at 483p.. Clem Jansen, chief executive of Silvermines, the Leicester-based manufacturing group, nearly got run over in Peking recently.