Appointment Blogs | Compliance Week – Page 234
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Kaiser Permanente Names National Compliance and Privacy Officer
Kaiser Foundation Hospitals and Kaiser Foundation Health Plan has named Vanessa Benavides as senior vice president and chief compliance and privacy officer, effective Nov. 9. She will work in transition with Daniel Garcia, who will retire as chief compliance and privacy officer later this year. More inside.
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Is FIFA Getting Serious About Ethics Reform?
FIFA seems to be getting serious about the perception that its organization is rife with corruption. Last week it suspended three of its top officials, including President Sepp Blatter. Those suspensions come one week after major sponsors demanded FIFA take action. Our Man From FCPA, Tom Fox, has more inside.
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Cosi Blames Decline in Q3 Sales on Pope
Last week, in an effort to explain third quarter sales that were down slightly from sales reported in the third quarter of 2014, the restaurant Cosi pointed the finger at an unlikely figure: the Pope!
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ERP Maestro Announces Pre-Audit SoD Scan
ERP Maestro introdcued this week a new free, no-commitment offering, the Pre-Audit SoD Scan (PASS), for companies of any size running SAP ERP software. The announcement comes as organizations begin to find it more difficult to pass audits due to higher expectations from external auditors in the wake of updates ...
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Calcbench to Provide XBRL based Financial Data to SEC Analysts
The Security and Exchange Commission has selected financial data provider Calcbench, through a competitive bid, to deliver subscription services to the agency. The award will allow a significant number of the SEC’s analysts to have access to Calcbench’s financial analytics platform, powered by eXtensible Business Reporting Language (XBRL). More inside.
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Compliance Officer Salaries: A Benchmark Report
A new report compiled by the Society of Corporate Compliance and Ethics offers benchmarking data for chief compliance officers who want to see how their salaries compare to those of their peers. The report, which compares average compliance officer salaries by industry, size of company, and tenure, finds that CCOs ...
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Spokeo Appoints General Counsel
Spokeo has appointed Jason Matthes as senior vice president and general counsel. Matthes joins the people search engine with more than 10 years of experience providing strategic legal counsel to both public and privately-held software and data companies. More inside.
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MediaPro Launches New Adaptive Phishing Simulator
MediaPro this week announced two new tools to support its existing Adaptive Awareness Framework: the Adaptive Phishing Simulator and the Adaptive Knowledge Assessment. Both tools are part of MediaPro’s full suite of products designed to address companies’ evolving needs toward implementing a truly integrated security awareness program. More inside.
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Ingersoll Rand Names Global Legal and Compliance Leader
Ingersoll Rand, an air compressor supplier, has named Maria Green as senior vice president and general counsel, effective Nov. 2. She will serve as an officer of the company and be responsible for strategic leadership and oversight of Ingersoll Rand’s legal and compliance affairs worldwide. More inside.
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Double Trouble in Internal Investigations After Schrems
Image: Last week another huge shift in the compliance world happened: the Schrems decision by the European Court of Justice, finding that the previously presumed European Union Safe Harbor regime is invalid. For the anti-corruption compliance practitioner, the decision is double-trouble when you consider it in light of the recent ...
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More Data Show Audit Fees Rising for Public Companies
A recent study from Financial Executives International of 7,000 public companies revealed that 20.6 percent reported ineffective internal controls over financial reporting, and the median audit fee increase for those companies was 3 percentage points higher than for public companies as a whole. The companies cited two primary reasons for ...
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Hillary Clinton Pledges to Redefine Insider Trading, Self-Fund SEC
The Supreme Court announced this week that it will let stand the Second Circuit's landmark insider trading decision in U.S. v. Newman. Hillary Clinton, however, says that as President she would not do the same, and that she would propose legislation to "clarify" the law post-Newman.
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Update on the Petrobras Corruption Scandal
This week one commentator reported that the Netherlands-based SBM Offshore would pay $255 million in fines and penalties for its role in the Petrobras scandal. If SBM Offshore does settle with Brazilian authorities for this amount, it will be a first step in resolving the morass businesses sucked into that ...
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CFPB Considers Ban on Mandatory Arbitration Clauses
The Consumer Financial Protection Bureau is moving forward with new rules that would prohibit the mandatory arbitration clauses in contracts that banks, credit card companies, and others rely upon to prevent consumers from pursuing lawsuits. A variety of recommendations, published this week for public comment, are the results of a ...
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SFO Speeds Up Tesco’s Accounting Probe
The Serious Fraud Office has accelerated its probe into the accounting irregularities at Tesco, hoping to resolve the criminal investigation by year-end. The supermarket chain’s former chief executive Philip Clarke is one of many former Tesco executives being scrutinized by the agency in its investigation; Laurie McIlwee, former finance ...
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EU Pushes for More Tax Transparency Among Member States
The European Union passed a new law that will put an end to sweetened tax deals between member states and multinationals. Under the new legislation, member states will be required to swap information about special corporate tax deals twice per year with national tax authorities over an encrypted e-mail ...
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OECD Measures Would Tie Off International Tax Loopholes
The Organization for Economic Cooperation and Development has offered the G-20 nations measures intended to plug the holes that let companies engage in offshore tax planning that reduces the total global tax base. The package includes minimum standards to thwart the use of conduit companies to channel investments. It also ...
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U.K. FCA: Senior Managers To Be ‘Whistleblower Champions’
Image: The U.K. Financial Conduct Authority is calling on senior managers to serve as “Whistleblower Champions” and to play a lead role in protecting employees who come forward with critical information about misconduct. The rules are part of the Senior Managers Regime, which is slated to go into effect ...
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With Safe Harbor Squashed, What's Next for European Data Transfers?
As anticipated, on Tuesday the European Court of Justice ruled the Safe Harbor program for international data transfers between the United States and European Union is invalid. While U.S. officials fret that the ruling will “undercut the ability of other countries, businesses, and citizens to rely upon negotiated arrangements with ...
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Titan International Appoints Chief Accounting Officer
Titan International announced this week that it has appointed Christopher Bohnert as chief accounting officer, effective as of Sept. 29. Bohnert will oversee the company’s accounting matters and serve as Titan’s principal accounting officer. More inside.