Articles | Compliance Week – Page 273

  • Article

    Brexited: what lies ahead for the United Kingdom

    2016-07-06T13:15:00Z

    The fallout continues after the United Kingdom’s historic vote to leave the European Union. As the reality of it sets in, Paul Hodgson looks at what Brexit will mean for the U.K. financial markets, political landscape, and compliance needs.

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    Article

    Advice for U.S. companies, post-Brexit: Keep calm and carry on

    2016-07-06T13:00:00Z

    We may be months away from clarity on what the United Kingdom’s vote to leave the EU means for U.S. companies with a multinational presence. Certain compliance challenges are inevitable in light of changing data privacy demands, labor concerns, trade and tax issues, and the prospect of starting from scratch ...

  • Article

    Pharmaceutical industry bristles under FDA draft guidance

    2016-07-06T08:45:00Z

    The amount of FDA draft guidance in play during the past few months has drawn skepticism from the pharmaceutical industry, which has its own thoughts on how best to address the broad scope of the agency’s proposed authority. Jaclyn Jaeger reports.

  • Article

    SEC is back with another extractive payments rule

    2016-07-05T09:45:00Z

    In 2012 the SEC issued a rule requiring oil, gas, and mining companies to report the payments made to governments for extraction rights. It was promptly sent back to the drawing board after a successful legal challenge. Now, the Commission is back with a revised rule. Joe Mont looks at ...

  • Article

    FASB: future credit losses required in financial statements

    2016-06-28T15:00:00Z

    A new Accounting Standards Update from FASB means that companies will be using even more forward-looking information in their financial statements to alert investors of potential credit losses yet to materialize. Tammy Whitehouse reports.

  • Article

    Accelerating the evolution of GRC

    2016-06-28T11:45:00Z

    The most recent edition of the CW, OCEG GRC Illustrated series looks at three key accelerators that are now driving the velocity of evolution in GRC capabilities. Every organization can benefit from improvements brought about by these accelerators, says OCEG’s Carole Switzer, who has further details.

  • Article

    Overtime pay could unite CCOs with HR, empower attack on regulatory discretion

    2016-06-28T11:30:00Z

    New rules issued by the Department of Labor that double the threshold for overtime pay present new corporate dilemmas that may lead CCOs into the domain of Human Resources to defend against lawsuits and reputation risk. Joe Mont explores.

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    Article

    More regulatory questions than answers following Brexit vote

    2016-06-28T11:15:00Z

    CW reporter Joe Mont explores the aftermath of the Brexit vote (the United Kingdom’s recent decision to depart from the European Union): what do U.S. companies need to know; what questions require a strategic response; and where do we all go from here?

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    Ellen Hunt: The accidental expert

    2016-06-28T11:15:00Z

    Bill Coffin talks with Ellen Hunt, chief ethics and compliance officer at the AARP, recently chosen as one of 12 compliance experts and featured in Compliance Week’s exclusive Top Minds edition.

  • Article

    Fed modernizes discrimination guidelines for federal contractors

    2016-06-28T08:45:00Z

    A federal government contractor watchdog has issued final sex discrimination guidelines last updated nearly 50 years ago, signaling more aggressive and broader enforcement of anti-discrimination laws. Jaclyn Jaeger reports.

  • Article

    U.S. Supreme Court clarifies, blurs scope of FCA liability

    2016-06-28T08:30:00Z

    A new ruling by the U.S. Supreme Court offers some clarity as to when a company can face liability under the False Claims Act, but does it also blur the lines? Jaclyn Jaeger has more.

  • Article

    Detecting corruption in the pharmaceutical sector

    2016-06-21T14:00:00Z

    Jaclyn Jaeger looks at a new report from Transparency International that aims to help companies in the pharmaceutical industry detect and prevent corruption.

  • Article

    Anti-Corruption Summit puts spotlight on transparency

    2016-06-21T13:45:00Z

    London hosted the first ever international Anti-Corruption Summit last month to champion the fight against corruption on a global scale, with many countries committing to specific action plans. Jaclyn Jaeger analyzes what this all means for companies.

  • Article

    New blood at the Serious Fraud Office

    2016-06-21T12:00:00Z

    A report from Her Majesty’s Crown Prosecution Service Inspectorate has attacked the Serious Fraud Office for being a largely white, all-male board. Paul Hodgson examines the merits of the report and the SFO’s response.

  • Article

    Heightened scrutiny, increased documentation & a harsh new normal for internal controls

    2016-06-21T11:45:00Z

    As auditors require more information from companies, and companies push back against what they feel are excessive demands for details, a consensus that works for everybody remains elusive. Tammy Whitehouse has more.

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    SEC faces a bipartisan beat-down in Congress

    2016-06-21T10:30:00Z

    Yes, there is one thing that still inspires bipartisanship in Congress: attacking the Securities and Exchange Commission. That was revealed in recent days, says CW’s Joe Mont, with proposed legislative constraints on its rulemaking powers and a table-pounding attack on its disclosure effectiveness initiative from Massachusetts Senator Elizabeth Warren (above ...

  • Article

    Latest conflict minerals filings show improved due diligence

    2016-06-21T10:00:00Z

    Regardless of legal disputes and other challenges, companies still had a deadline last month for filing conflict minerals disclosures with the SEC. This year Joe Mont says, many companies appeared to be taking their reporting much more seriously with some already getting a jumpstart on 2017.

  • Article

    Panama Papers still a ‘gift’ that keeps on giving for compliance officers

    2016-06-14T15:30:00Z

    What’s next for the infamous Panama Papers scandal? As governments around the world craft opportunity from crisis with various new rules and regulations, CCOs at financial institutions may find themselves at an inflection point. The challenge: how to leverage all that once-hidden data on shell companies? Joe Mont reports.

  • Article

    Integrating technology into compliance programs still poses significant challenges

    2016-06-14T15:30:00Z

    Implementing powerful technologies to improve compliance programs isn’t exactly like waving a magic wand. It requires a great deal of collaboration, time to interpret relevant data, patience, trial and error, and a vision for how to harness the full potential of a category of tool nobody is really certain how ...

  • Article

    LendingClub could teach Theranos a thing or two about crisis management

    2016-06-14T15:30:00Z

    Relatively young, technology-based companies face special difficulties when dealing with crises. Their focus on market disruption and their lack of established credibility make earning public trust even more difficult. And yet, LendingClub shows how it can be done at a time when Theranos certainly failed the crisis management test. David ...