Appointment Blogs | Compliance Week – Page 255
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Matador Resources Appoints Chief Accounting Officer
Matador Resources, an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, has appointed Robert Macalik as chief accounting officer, effective as of July 6. Details inside.
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British Watchdog Sets New Accountability Standards
Image: Britain’s Financial Conduct Authority has released new rules for its Senior Managers Regime, a compliance standard that will hold senior managers at financial firms personally accountable for corporate misconduct. “We have given clarity on rules that will embed personal accountability into the culture of the city,” Martin Wheatley, FCA ...
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North America Soccer Groups Push Reforms After FIFA Scandal
The governing bodies for professional soccer in North America and the Caribbean are overhauling their governance frameworks, amid increasing scrutiny of the sport worldwide since U.S. officials charged a slew of FIFA officials with corruption last month. The group, known as CONCACAF, says the changes are “an additional step … ...
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Internal Auditors Get Revised Global Framework to Govern Practice
Image: The Institute of Internal Auditors has unveiled the latest enhancements to its nearly 70-year-old framework that governs the internal audit profession globally. Larry Harrington, senior vice chairman of the IIA’s global board, says the updates are intended to strengthen the position of internal audit as a key player in ...
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Mid-Year Look at Corporate Compliance in 2015
Image: Six months ago Compliance Week Editor Matt Kelly picked six events to watch in corporate compliance for 2015: political risk, Republican activism, confusion over revenue recognition, and more. With the year half over—and in the interests of holding people accountable, including Compliance Week editors—now seems a good time to ...
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EY Americas Makes Leadership Changes
EY has appointed Michael Inserra as EY Americas vice chair. Anthony Caterino will succeed Inserra as Ernst & Young vice chair and regional managing partner of the Financial Services Organization. Details inside.
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Former Attorney General Eric Holder Rejoins Covington
Former U.S. Attorney General Eric Holder is returning to Covington as a partner after more than six years of service as the nation’s top law enforcement officer. Holder will focus on complex investigations and litigation matters, including matters that are international in scope and raise significant regulatory enforcement issues and ...
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Rite Aid Names Group Vice President, Risk and Controls
Rite Aid has appointed Paul Zikmund, a risk management professional with nearly 30 years of experience, to the newly created position of group vice president of risk and controls. In this role, Zikmund will oversee the risk management program for Rite Aid as well as its subsidiaries, RediClinic, Health Dialog, ...
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DTCC Launches New Data Products Offering
The Depository Trust & Clearing Corporation, a post-trade market infrastructure for the global financial services industry, last month launched a new centralized data provisioning service, DTCC Data Products. This launch will include the expansion of DTCC’s Exchange Traded Funds and Corporate Actions ISO 20022 data product offerings, to be offered ...
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BWise Launches SOX Solution for New Public Companies
BWise, a Nasdaq company that provides enterprise governance, risk management and compliance (eGRC) solutions, has launched the Nasdaq Sarbanes-Oxley Software Solution in collaboration with Nasdaq's Listings Services business. The offering will provide private companies preparing for their initial public offering with an integrated solution to better support their financial statement ...
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KPMG, D&B Alliance Address FATCA Due Diligence
Audit, tax, and advisory firm KPMG and data analytics provider Dun & Bradstreet have launched a new database tool to help global financial institutions comply with the Foreign Account Tax Compliance Act. “Classifying entity accounts to comply with FATCA can be time consuming for financial institutions and cumbersome for their ...
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Judge Rakoff Finds Newman Case Not Applicable to Tipper Liability
Last week, Judge Jed Rakoff denied Rajat Gupta's motion to vacate his conviction, finding that the landmark Newman case impacts tippee liability, not tipper liability.
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Brit Banking Regulator: Market ‘Cleaner,’ Insider Trading Down
In its most recent Annual Report, the UK's Financial Conduct Authority stated that its "market cleanliness" statistics continue to show a "significant decline in the incidence of potential insider trading cases" since 2009. The improvement coincides with a significant increase in insider trading enforcement in the UK.
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SEC Poses Long List of Possible Audit Committee Disclosures
Only a day after audit regulators have proposed a new method for extracting from audit firms the names of engagement partners on each public company audit, the SEC blew open the discussion with a long list of its own questions about whether audit committees should provide that and many more ...
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SEC Slaps Deloitte for Auditor Independence Violations
The SEC has charged Deloitte & Touche with violating auditor independence rules after it failed to notice a consulting affiliate had a business relationship with an audit client. Deloitte says it discovered the violation and reported it after the firm put in place enhanced independence measures. Deloitte will settle charges ...
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SEC Goes Beyond SOX with Clawback Proposal
The SEC has proposed another controversial executive compensation rule per the Dodd-Frank Act: a clawback requirement for erroneously awarded compensation, that applies to the CEO, CFO, and numerous other corporate executive officers. If adopted as proposed, the rule will go well beyond previous clawback requirements under Sarbanes-Oxley. More inside.
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DOJ Joins Instagram ... Your Move, SEC!
The DOJ sees your Pinterest account, SEC, and raises you an Instagram account! Today the DOJ announced on the front page of its website that it has taken the Instagram plunge.
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Britain Moves to Increase Corporate Transparency
U.K. companies will soon be required to create a register of owners who hold “significant control” over a company and its assets. Under the Small Business, Enterprise and Employment Act 2015, companies will have to create and maintain a database of information about their decision makers that can be accessed ...
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Bankers Need to Clean Up Their Act, Allianz Exec Says
Image: Elizabeth Corley, global chief of Allianz Global Investors, warns that there can be serious consequences to the economy if bankers continue to engage in reckless misconduct. Corley says rogue bankers often see wrongdoing as a minor rather than a serious offence, which can lead to bigger problems for financial ...
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Hillenbrand Names Chief Accounting Officer
Hillenbrand, a global diversified industrial company, has named Eric Teegarden as controller and chief accounting officer, effective July 20. He currently serves as the global controller, supply chain for GE Aviation. Details inside.