Articles | Compliance Week – Page 154
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SEC promotes virtual board meetings amid coronavirus crisis
The SEC has shared guidance to assist public companies, investment companies, shareholders, and other market participants affected by the coronavirus pandemic with their upcoming annual shareholder meeting obligations.
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EDPB chair: Processing personal data in the context of coronavirus
The chair of the European Data Protection Board addresses things companies need to consider as they process different types of personal data in the context of the coronavirus.
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Benefits of tele-investigating in the time of coronavirus
The financial and operational implications of COVID-19 for businesses are vast and damaging. One area of business impacted is internal investigations. Here’s why tele-investigating isn’t all bad.
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‘Force majeure’ in spotlight with coronavirus; what’s next?
The coronavirus pandemic has elevated “force majeure”—a rarely-used, relatively obscure contract provision—to a top-of-mind issue for companies scrambling to figure out where gaps are forming in their supply chain.
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Eight steps for designing a coronavirus crisis management plan
With the coronavirus on everyone’s mind these days, companies are having to walk a fine line between taking care to communicate necessary and important information while also preventing widespread panic.
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Wells Fargo ends wild week with new general counsel appointment
Wells Fargo capped a tumultuous week Friday when it announced the appointment of Ellen Patterson as its new senior executive vice president and general counsel.
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Lawsuit: Former iRobot compliance head alleges firing over flagged dealings
The former director of compliance for iRobot—maker of the robot vacuum cleaner Roomba—claims in a federal lawsuit he was fired for pointing out the company’s violations of state, federal, and international law.
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Ethical leadership more important than ever during coronavirus crisis
Not a single one of us can predict with any kind of certainty what will come next. And that’s exactly why we need strong ethical voices now more than ever.
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Coronavirus: Tips for risk management
As the coronavirus worldwide pandemic spreads, the ramifications for any business has gone from temporary disruption to a serious impediment. Here are 10 steps your company can take to mitigate its risks.
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AICPA calls for IRS to provide tax relief during coronavirus pandemic
AICPA seeks extended filing deadlines to reassure clients struggling with uncertainty during coronavirus pandemic.
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Ethics and compliance lessons from Astros’ cheating scandal
The Astros’ sign-stealing scandal offers important lessons for leaders of all organizations about the risks associated with a win-at-all-costs or short-term outlook.
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Employees working from home to avoid coronavirus? Protect your data
With the coronavirus threat having moved on from disrupting your business’s supply chain to threatening your employees’ health at home, now is the time to implement that company-wide remote workplace plan.
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Swedish watchdog fines Google $7.6M for GDPR non-compliance
Google has received its second fine to date for violating Europe’s General Data Protection Regulation; Sweden’s Data Protection Authority fined the internet giant 75 million Swedish Kroner (U.S. $7.6 million).
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John Wood Group reserves $46M to resolve bribery investigations
John Wood Group said in a regulatory filing it has reserved $46 million in a potential settlement with authorities in the United States, Brazil, and Scotland related to a bribery investigation concerning ties to Monaco-based oil services firm Unaoil.
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10 takeaways from ‘Science of Workplace Investigations’
A former U.S. Department of Justice attorney laid bare the tools in his “lie detection” toolbox to help compliance officers manage this responsibility.
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10 tips to meet government expectations of remediation programs
A DOJ-appointed independent compliance monitor has some important advice for companies in trouble that may mean not just remediation credit, but more importantly reputation restoration and the avoidance of larger problems down the line.
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Wells Fargo former board chairs hesitant to accept accountability
Elizabeth Duke and James Quigley remained unwavering about accepting any sort of accountability in their oversight roles as former board members of Wells Fargo at a tense Congressional hearing Wednesday.
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FASB issues improvements to financial instruments guidance, including CECL
FASB has issued an accounting standards update amending several financial instruments topics in order to provide more clarity and improve on such standards as current expected credit losses.
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Ask Amii mailbag: Your reputation, employee relations, and more
The latest edition of the Ask Amii mailbag answers queries on how to protect your reputation when your leaders break the rules; Amii also shares her perspective from the trenches on toiling as the ethical employee.
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Wells Fargo CEO says bank’s past behavior ‘deeply disturbing,’ vows change
Wells Fargo CEO Charlie Scharf, who has led the scandal-plagued megabank for four months, was upfront about the bank’s failure to stem abuses in its banking, lending, and auto insurance divisions when he testified at a Congressional hearing Tuesday.