Appointment Blogs | Compliance Week – Page 261
-
Blog
Audit Committees Get Fresh Tips on Evaluating Auditors
Image: The Audit Committee Collaboration, backed by seven groups with various missions around corporate governance and investor advocacy, has updated its External Auditor Assessment Tool, tips to help audit committees conduct their evaluation of external auditors. Cindy Fornelli, executive director of the Center for Audit Quality, says the tool “can ...
-
Blog
Worldwide Express Names Chief Compliance Officer
Worldwide Express, a global logistics franchisor, has named Richard Kolman as general counsel and chief compliance officer. In this capacity, Kolman manages the legal and franchise compliance departments, including overseeing network compliance with system standards. Details inside.
-
Blog
Sen. Warren is Triply 'Disappointed' in SEC Chair White
Sen. Elizabeth Warren would like SEC Chair Mary Jo White to know that Sen. Warren is disappointed in her. In a 13-page letter this week, Sen. Warren expressed this very sentiment repeatedly, prompting Chair White and others to defend her leadership of the agency and its accomplishments.
-
Blog
Report: Non-U.S. Bribery Actions Doubled Since 2012
A new report released by anti-bribery group TRACE International shows that while the United States still sets the pace for cracking down on bribery, non-U.S. enforcement actions have more than doubled since 2012, and in 2014 total non-U.S. enforcement actions concerning bribery of foreign officials outnumbered U.S. enforcement actions. Details ...
-
Blog
Google’s Antitrust Investigation Continues
Image: The European Union Competition Commissioner Margrethe Vestager confirmed that the watchdog is continuing its investigation into Google for allegedly engaging in anti-competitive behavior. In an interview with BBC, Vestager said that more probes are ongoing into the tech giant’s role in mapping, travel, flight, and third-party data. Details inside.
-
Blog
SFO Loses Corruption Trial Against Three
Three men charged with bribery offenses by Britain’s Serious Fraud Office were acquitted last week, after the jury was unable to reach a verdict on one count against the third defendant and was discharged. The SFO had charged the trio, former employees of Swift Technical Solutions, for paying bribes to ...
-
Blog
Deloitte Inspection Report Shows Reduced Audit Deficiencies
PCAOB audit inspectors found fault with 21 percent of the audits inspected at Deloitte in 2014, lower than any rate delivered for any major firm since 2009 and lower than Deloitte’s failure rate from one year ago. The report also revealed a new format for PCAOB inspection reports. More inside.
-
Blog
Survey: Shareholder Pressure Prompts Boards to Rethink Compensation
Nearly 60 percent of companies say their boards expanded compensation explanations in proxy statements as a result of shareholder feedback, and almost one-third of those boards changed executive compensation plans outright in response to pressure from investors. Those findings come from the National Association of Corporate Directors and respondents to ...
-
Blog
Warren: SEC Chair’s Tenure ‘Extremely Dissapointing’
Image: Sen. Elizabeth Warren, (D-Mass.), at left, fired with both barrels at SEC Chairman Mary Jo White this week, in a blistering 13-page letter describing White’s tenure as “extremely disappointing” and full of “broken promises.” Among Warren’s concerns: the lack of a final pay-ratio rule and the dearth of guilt ...
-
Blog
AccelOps Enhances Its Integrated IT Security Platform
AccelOps today announced new enhancements to its integrated IT security and operational intelligence platform that enables IT to rapidly detect, prevent, and respond to malicious attacks. Details inside.
-
Blog
Four Lessons, and One Basic Rule, From the DuPont Battle
The high drama of this year’s proxy season happened in May, when DuPont thwarted a boardroom takeover pushed by hedge fund guru Nelson Peltz and his Trian Partners fund. How? This week, columnists Stephen Davis and Jon Lukomnik critique the basic strategy Trian used and the counter-offensive DuPont skillfully employed ...
-
Blog
E*TRADE Names Acting Chief Risk Officer
E*TRADE Financial has named Paul Brandow as acting chief risk officer. Brandow will assume the chief risk officer role from Michael Pizzi, who will become chief financial officer, effective June 16, after current CFO Matthew Audette advised the company of his decision to leave to pursue a new opportunity. Details ...
-
Blog
The Inland Real Estate Group Names Chief Accounting Officer
The Inland Real Estate Group, part of The Inland Real Estate Group of Companies, has named Prashant Bodhanwala as chief accounting officer. In this role, he will oversee accounting, financial strategic planning and financial analyses for Inland. Details inside.
-
Blog
Paragon Offshore Names Chief Accounting Officer
Paragon Offshore has named Alejandra Veltmann as chief accounting officer. She reports to Chief Financial Officer Steven Manz. Details inside.
-
Blog
How Dodd-Frank Is Working—and How It Isn’t
Image: Congress is back in session, which means another round of political bickering over reform of the Dodd-Frank Act. Alas, Compliance Week Editor Matt Kelly says, the law is already working as one would expect—that is, a little bit effectively, and a little bit stupidly. Compliance officers should not hold ...
-
Blog
AK Steel CCO Named Corporate Secretary
AK Steel has named Joseph Alter as corporate secretary, in addition to his current roles as general counsel and chief compliance officer. Details inside.
-
Blog
Ex-Wells Fargo CEO Slams ‘Absurd’ Compliance Spending
Image: Is the compliance ramp-up at big banks to blame for layoffs, including the 5,000 of them announced last month by JPMorgan? Richard Kovacevich, former CEO of Wells Fargo, seems to think so. “It is absurd that [banks] are investing that kind of money on compliance” he said of growing ...
-
Blog
PCAOB Considers Standard on Using Specialists’ Work
Image: The Public Company Accounting Oversight Board has issued a staff consultation paper looking for input on whether and how to revise standards around the auditor’s use of the work of specialists. PCAOB Chairman James Doty said, “We want our standards to keep pace with the realities in the marketplace, ...
-
Blog
Five Major Banks Agree to Parent-Level Guilty Pleas
Five major banks—Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland, and UBS—last week agreed to plead guilty to conspiring to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market. The banks also agreed to pay criminal fines totaling more than $2.5 ...
-
Blog
Big Lots Names General Counsel and Corporate Secretary
Big Lots has appointed Ronald Robins as general counsel and corporate secretary. He will be a member of the executive leadership team and report directly to President and CEO David Campisi. Robins previously served as general counsel, chief compliance officer, and secretary of apparel retailer Abercrombie & Fitch.