Appointment Blogs | Compliance Week – Page 195
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Mutual funds call for corporate board accountability
As proxy season begins, holding boards accountable is the new black, and issues such as proxy access and dual-class companies are giving critics and activist shareholders new avenues for holding corporate board members’ feet to the fire. More from Stephen Davis and Jon Lukomnik.
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FASB floats one more change to cash flow classification rules
FASB is aiming to get companies on the same page when classifying changes in restricted cash. Currently, some firms reflect cash receipts and payments in bank accounts that hold restricted cash as cash inflows and outflows, while others designate those transactions as non-cash investing. Tammy Whitehouse reports.
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Insured Retirement Institute partners with Gainfully
The Insured Retirement Institute has announced a new partnership with Gainfully, a first-of-its-kind open marketing platform for the financial services industry. Through the partnership, financial advisors can now leverage the Gainfully platform to share relevant and timely content with their clients using social media in an SEC and FINRA-compliant environment.
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InviteManager simplifies management of entertainment assets
TicketManager, a SaaS provider in the ticket enablement and management market, has a new corporate identity: InviteManager. The SaaS solution enables companies to easily manage all their entertainment assets—from tickets to invitations to customer gatherings to custom experiences to at-event upgrades to analytics—all in one place.
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Don’t put illegal conduct in power point slide presentations
“Death by PowerPoint” is a typical description of really poor presentation technique, but it might just be a way to describe how some companies accidentally self-report their own corruption. Tom Fox has more.
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The SEC asks Novartis, ‘Haven't we met before?’
After settling an FCPA enforcement brought by the SEC in March, Novartis is now under criminal investigation in South Korea for alleged illegal payments to physcians. Should the SEC reopen its investigation?
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Key Energy: Justice Department has closed FCPA investigation
Key Energy Services, an oilfield services company, said last week that the Department of Justice has decided not to file any charges against it in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. Key said it's also reached an agreement in principle with ...
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2016 SEC trial scorecard update: agency moves to 4-0 in trial verdicts
Yesterday, the SEC continued its undefeated streak in its FY 2016 federal court trials. The SEC announced that on April 29, following a two week trial in the U.S. District Court for the Northern District of Illinois, a jury returned a verdict in favor of the SEC in its case ...
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Trump’s non-GAAP was first to face SEC enforcement
Long before Donald Trump launched his presidential campaign, the entertainment giant he founded, Trump Hotels & Casino Resorts, faced the wrath of the SEC, whose leadership he would shape if elected. Tammy Whitehouse looks back on Trump’s SEC enforcement action.
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Study: CEO pay had lowest increase since financial crisis
Total median CEO pay, excluding pensions, at large capital U.S. companies grew just 3.9 percent, the lowest increase since the financial crisis of 2008. That’s the conclusion drawn in a new study by ISS Corporate Solutions, a subsidiary of Institutional Shareholder Services, a leading proxy advisory firm.
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FINRA issues first cross-market report cards
The Financial Industry Regulatory Authority has launched new, monthly “cross-market equities supervision report cards,” aimed at helping firms identify and halt potential manipulation, including spoofing and layering activity.
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Reval and SWIFT announce partnership
A new agreement reached between SWIFT and Reval means that corporate treasury teams using the Reval Cloud Platform for automated cash and liquidity management can now join the SWIFT messaging network to connect their bank accounts anywhere in the world.
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SEC nominee confirmation watch: Nothing to see here!
Three more weeks have now passed since a supposedly "routine" April 7 vote in Congress to approve SEC commissioner nominees Lisa Fairfax and Hester Peirce was abruptly terminated without a vote even taking place. Surely the Senate has gotten its act together by now to confirm (or not) President Obama's ...
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GM names new chief compliance officer
General Motors has appointed Jeffrey Taylor as deputy general counsel and chief compliance officer, effective immediately. He will report to Craig Glidden, executive vice president and general counsel.
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Retail Properties of America names general counsel and corporate secretary
Retail Properties of America has appointed Paula Maggio as general counsel and secretary. She will succeed Dennis Holland, who previously announced that he would be retiring on June 30.
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Centene names chief accounting officer
Centene, a multi-line healthcare enterprise providing services to government-sponsored healthcare, has appointed Christopher Isaak to corporate controller and chief accounting officer, effective immediately.
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FASB extends planned effective date for new loan loss rules
FASB is delaying the implementation date of its “current expected credit loss” model for how entities should give investors some early warning that debt instruments are not performing as anticipated. The board expects to publish the finished rule in June.
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Oxfam’s Big 10 food companies: progress, but more to be done
An Oxfam report ranking the “Big 10” on seven core issues says firms need to ensure suppliers change their practices to align with commitments; adopt supply chain business models that guarantee power reaches those who produce ingredients; and more. Paul Hodgson has the score.
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Proposed rule extends big bank liquidity demands
A busy day for bank regulators on Tuesday led to proposed rules dealing with new liquidity requirements, incentive-based compensation, and how small banks are assessed for deposit insurance. Joe Mont reports.
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FinCEN director stepping down
Jennifer Shasky Calvery announced this week that she will be leaving her position as director of the Financial Crimes Enforcement Network (FinCEN) at the end of May. Calvery has served as FinCEN’s director since September 2012.