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Ben & Jerry's Foundation had deficiencies in financial controls and governance, audit finds

An audit of the Ben & Jerry's Foundation, funded by the well-known ice cream brand, has uncovered deficiencies in its financial controls, governance, and compliance policies, including conflicts of interest. The audit was conducted by Magnum, the soon-to-be independent company inheriting Ben & Jerry's from Unilever, as part of preparations for a corporate spin-off. While no wrongdoing or ethical violations were found, Magnum has urged the foundation to strengthen its governance by adopting new policies and controls. The findings come amid ongoing tensions between Ben & Jerry's and its corporate owners, largely due to the brand's outspoken positions on social and political issues, particularly regarding the Israeli-Palestinian conflict. Magnum has stated it will continue funding the foundation if the identified issues are addressed, while Ben & Jerry's leadership and trustees have begun taking steps to comply with the recommendations.

Original article source: https://www.timesofisrael.com/ben-jerrys-foundation-had-deficiencies-in-financial-controls-and-governance-audit-finds/
Source Id: 8983477876

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