Articles | Compliance Week – Page 168
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SEC plans to ease auditor conflict-of-interest rules
A proposed update to auditor independence rules relaxes restraints on affiliate relationships and initial public offerings.
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FASB cloud computing cost standard to soon take effect
An updated cloud computing standard from the Financial Accounting Standards Board will clarify expenses associated with Web hosting arrangements for cloud computing.
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Hong Kong’s SFC fines RHB Securities Hong Kong $6.4M
Hong Kong’s Securities and Futures Commission has fined RHB Securities Hong Kong $6.4 million for failing to comply with regulatory requirements on conflicts of interest and supervision of account executives.
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Compliance 2020: A timeline
Compliance Week looks back at two decades of scandals, enforcement actions, and regulatory policies (2000-2019) that shaped the compliance function we see today.
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Cousins Properties’ chief accounting officer to retire
Cousins Properties, a real estate investment trust company, has named Jeffrey Symes as its new chief accounting officer, following the retirement in March 2020 of its current chief accounting officer, John Harris.
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New York legislation requires ‘Women on Corporate Boards Study’
New York Governor Andrew Cuomo has signed legislation requiring a study to be conducted on the number of women directors who serve on each board of directors of domestic and foreign companies authorized to do business in New York.
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Top 10 risks to keep executives on their toes in 2020
A new study from Protiviti and North Carolina State University not only highlights those risks companies should keep an eye on in the coming year—it also prompts leadership to explore whether or not they’re taking enough risks.
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Troubled Boeing loses legal head to retirement
J. Michael Luttig, who has led Boeing’s legal matters associated with the Lion Air Flight 610 and Ethiopian Airlines Flight 302 crashes, will retire at year end.
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Survey: CCPA still poses compliance nightmare
With the clock ticking toward the Jan. 1 implementation date, Compliance Week and ACA Aponix asked 100 compliance practitioners whether their company would be CCPA compliant by the deadline. Their collective answer? Nope.
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New COSO guidance addresses cyber-risk management
Boards of directors, audit committee members, and executive management teams interested in learning how to apply COSO’s Enterprise Risk Management framework to protect against cyber-attacks now have new guidance available.
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BitPay adds new legal, compliance head
Global blockchain payments provider BitPay announced Eden Doniger has joined the company as general counsel and chief compliance officer.
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Monmouth general counsel set to retire
Monmouth Real Estate Investment Corp. announced General Counsel Allison Nagelberg will retire from the company, effective Dec. 31.
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Apple, Walmart among compliance winners of 2019
Strong social stances, a dedication to doing what’s right, and leading by example highlight the qualities exemplified by our list of ethics and compliance winners of 2019.
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IRS issues proposed regs on compensation rules under tax reform
Companies have a little more clarity from the Internal Revenue Service about how to interpret provisions under tax reform affecting executive compensation.
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Sutter agrees to pay $575M, gets compliance monitor in antitrust settlement
California announced a settlement with Sutter Health for $575 million to settle claims of anti-competitive behavior brought by the state attorney general as well as a class-action group that included employers and unions.
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ICO hands out first GDPR fine as BA, Marriott cases linger
The U.K. Information Commissioner’s Office has levied its first fine under the GDPR against a London-based pharmacy. Record-setting penalties announced by the ICO in July against British Airways and Marriott are still not finalized.
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CFTC awards more than $1M to internal compliance whistleblower
The CFTC announced a whistleblower award north of $1 million for a tipster who went through internal compliance at his or her company to get the information to regulators.
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SEC cites ‘inadequate’ compliance in fraud charges against radio host
The Securities and Exchange Commission has charged Sacramento, Calif.-based radio host Keith Springer and his company with defrauding hundreds of retail clients. The SEC specifically singled out failures in Springer’s compliance program in its complaint.
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Compliance playing an increasingly important role in ESG disclosure
Environmental, social, and governance disclosures are becoming common practice, but equally pressing is the regulatory compliance risk associated with non-disclosure or disclosures that are not accurate, truthful, or complete.
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Most-trafficked content tells story of the compliance officer
Changes in the interests of our audience over the last several years help us to understand how much compliance officers must evolve in their jobs to meet the demands of a given time.