Articles | Compliance Week – Page 222
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ArticleTax leaders look to retool compliance to cope with change
Overwhelmed by an onslaught of requirements, data, and technology, tax departments are beginning to look for new ways to achieve compliance.
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ArticleCeladon Group to pay $42.2M in restitution for accounting fraud
Trucking company Celadon Group entered into a corporate resolution for securities fraud and will pay total restitution of $42.2 million for filing materially false and misleading statements to investors and falsifying books, records, and accounts.
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Skillsoft, Convercent partner on hotline offering
Corporate learning firm Skillsoft announced new content and platform products, including a partnership with ethics and software provider Convercent regarding its hotline and case management offerings.
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ArticleOptions drive more risk than stock, study says
Company executives may be more likely to take on risk when their compensation is based more on stock options than stock awards, a new study says.
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ArticleDelaware ramps up revised unclaimed property approach
Delaware’s Secretary of State is inviting corporations incorporated in that state to join it in resolving any outstanding unclaimed property issues. The invite comes with a catch: Companies must respond within 60 days or face an unclaimed property audit.
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ArticleCFPB to provide more information to firms under investigation
The Consumer Financial Protection Bureau says it will provide financial services firms under investigation more detail on what violations prompted the agency’s scrutiny.
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ArticleBed Bath & Beyond revamps board; shareholders revolt
In response to shareholder backlash, Bed Bath & Beyond has made several changes to its board, as well as a series of additional governance enhancements, but activist investors say the changes aren’t enough and issued a joint statement expressing their many concerns.
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ArticleFCA data shows firms with most consumer credit complaints
The U.K. Financial Conduct Authority published its latest complaints figures for regulated firms for the second half of 2018, revealing how some financial services firms are receiving significantly more complaints than others.
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Goodyear names general counsel
The Goodyear Tire & Rubber Company has named David Phillips senior vice president and general counsel, effective June 4.
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Commerce Bank names corporate controller, chief accounting officer
Commerce Bank has promoted Paul Steiner to corporate controller and chief accounting officer of Commerce Bancshares, effective immediately.
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Accuity launches AI-driven financial crime screening
Accuity, a provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, announced its AI-driven account screening capability, Firco Automated Alert Reduction.
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Lockpath adds templates to GRC platform
Integrated risk management solutions provider Lockpath announced the availability of templates within its governance, risk management, and compliance platform, Keylight Team Edition.
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FTI Consulting hire strengthens forensic accounting practice
FTI Consulting announced the appointment of Morgan Magionos as a managing director in the Forensic Accounting & Advisory Services practice within the firm’s Forensic & Litigation Consulting segment.
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ArticleFCA and the future of financial conduct regulation
Post-Brexit, FCA Chief Executive Andrew Bailey says the U.K. agency will take a “lower burden” regulatory approach than that of the European Union.
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ArticleOCIE issues risk alert on Regulation S-P
The SEC’s Office of Compliance Inspections and Examinations has issued a risk alert on Regulation S-P describing the most common deficiencies it has uncovered in recent examinations of both registered investment advisers and broker-dealers.
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Tesla to phase out four board members
Tesla disclosed in a filing with the Securities and Exchange Commission that four of its directors eventually will be phased out, reducing the size of its board to seven.
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ArticleWashington state privacy legislation fades, for now
The second proposed data privacy regulation in the nation has failed to come to fruition for the time being.
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ArticleFacebook appoints new general counsel
Facebook has appointed both a new general counsel and a vice president of communications as the social media giant faces mounting regulatory and public scrutiny—mostly around its privacy practices.
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ArticleBest practices for managing employee reports
A recent report from NAVEX Global offers a look at how the performance of ethics and compliance officers’ hotline and incident management systems stack up against their peers.
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MarketAxess appoints global chief risk officer
MarketAxess Holdings has appointed Oliver Huggins as global chief risk officer, effective April 15.