Appointment Blogs | Compliance Week – Page 264
-
Blog
Compliance Leaders Like Three Lines of Defense
Image: At Compliance Week’s annual conference this week, Jose Tabuena, chief compliance officer for NextHealth, advocated for the three lines of defense model. “I’ve worked with the accounting firms and those working with the COSO framework, and I find three lines of defense easier to explain,” he said. “The board ...
-
Blog
Otonomy Appoints Chief Compliance Officer
Otonomy, a clinical-stage bio-pharmaceutical company, has appointed Eric Loumeau as general counsel and chief compliance officer. Previously, Loumeau also served as general counsel and chief compliance officer for Hollis-Eden Pharmaceuticals, a publicly-traded biotechnology company. Details inside.
-
Blog
Study: CCOs Struggle to Navigate Anti-Bribery Risks
A new report from Compliance Week and Kroll Advisory Solutions gauged the level of confidence chief compliance officers have in their companies’ financial controls to catch books-and-records violations of the Foreign Corrupt Practices Act; according to the study, only 48 percent felt confident. See inside for more study details.
-
Blog
CW2015: Cutting Through Compliance Complexity
Kicking off Compliance Week 2015 in Washington D.C. on Monday, compliance experts from Boeing, Walmart, and General Electric stressed the importance of having employees take part in culture-building and breaking training into simple, direct objectives. See more from their discussion inside.
-
Blog
BRG Launches Global Investigations and Strategic Intelligence Practice
Strategic advisory and expert consulting firm Berkeley Research Group has launched a Global Investigations and Strategic Intelligence practice. Allen Applbaum has been appointed as global leader of the practice. Details inside.
-
Blog
Actiance Supports Skype for Business and Yammer
Actiance, a compliance, security, archiving and e-Discovery provider for critical business communications, announced that it now supports Skype for Business and Yammer. With Actiance’s extended support, companies can control, monitor and archive all their critical communications as they move to the cloud and as they adopt new communication channels. Details ...
-
Blog
State Street Anticipating Enforcement Action
State Street disclosed in a filing with the Securities and Exchange Commission this week that it expects to become the subject of an enforcement action brought by the Federal Reserve and the Massachusetts Division of Banks for deficiencies in the bank’s compliance program relating to the Bank Secrecy Act, anti-money ...
-
Blog
Finter to Pay $5.4 Million Under Swiss Bank Program
The Department of Justice today announced that Finter Bank Zurich has reached a resolution under the Department’s Swiss Bank Program, which provides a means for Swiss banks to resolve potential criminal liabilities in the United States. Finter will pay a $5.4 million penalty in return for a non-prosecution agreement for ...
-
Blog
SEC Commissioners Gallagher and Aguilar Prepare to Depart Agency
SEC Commissioner Daniel Gallagher has notified the White House that he will be departing the agency as soon as his successor is confirmed by the Senate. With fellow SEC Commissioner Luis Aguilar also leaving the agency soon, the search for potential successors is reportedly underway.
-
Blog
Pre-Gaming the Compliance Week 2015 Conference
Image: The Compliance Week 2015 conference started Monday, and as usual there were more than 500 compliance officers, audit executives, regulators, and other leading thinkers talking shop on all things ethics & compliance. Check our website frequently for updates. Meanwhile, here are Editor Matt Kelly’s personal picks for the most ...
-
Blog
Prudential Chief Risk Officer to Leave
Insurance firm Prudential said this month that Pierre-Olivier Bouée, group chief risk officer and a member of the board, will step down on May 31 after two years in the role. Details inside.
-
Blog
Calpine Names Chief Accounting Officer
Calpine, a generator of electricity from natural gas and geothermal resources, has named Jeff Koshkin as chief accounting officer, effective Aug. 1. Koshkin, who is currently Calpine's controller, will assume this role from Jim Deidiker, who is planning to retire. Details inside.
-
Blog
MGIC Names Chief Risk Officer
Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, has hired Stephen Mackey as chief risk officer, effective in June. Mackey will assume the role from Lawrence Pierzchalski, who is retiring. Details inside.
-
Blog
LifeLock Names Chief Risk Officer
LifeLock, a provider of proactive identity theft protection services, has named Ignacio Martinez to the newly created role of chief risk officer. Details inside.
-
Blog
ADM Names Chief Risk Officer
Food processing giant Archer Daniels Midland Company has named Mark Bemis as chief risk officer, in addition to his current role as senior vice president and president, North America. Details inside.
-
Blog
Ding, Dong: EDGAR Fraud Calling
On May 14, PTG Capital Partners, a London-based investment firm, disclosed in a regulatory filing on the Securities and Exchange Commission’s EDGAR system that it offered to buy Avon for $18.75 a share. The firm, however is fictitious, raising questions of how EDGAR was gamed and why the filing was ...
-
Blog
Former SEC Chairman Cox Weighs in on Administrative Proceedings
In detailed remarks on Wednesday, former SEC Chairman Christopher Cox weighed in on the growing controversy concerning the SEC's use of administrative proceedings. Chairman Cox offered insights into how the present situation came to be and how it might be resolved.
-
Blog
Europe Moves Closer to Meeting Transparency Goals
Trying to reduce corruption risks around the globe, the Legal Affairs Committee of the European Parliament has voted for more disclosure of financial information from companies based in specific countries. This new requirement would also work in tandem with the European Commission’s tax transparency package, which calls for the exchange ...
-
Blog
Survey: Overloaded CCOs Expect Increased Personal Liability
Compliance officers have two fears on their minds these days: increased regulatory fatigue and overload; and the threat of increasing personal liability for corporate misconduct. More than one-third of all firms already spend at least one day every week simply tracking and analyzing regulatory developments, according to Thomson Reuters’ annual ...
-
Blog
FASB Proposes Changes to Revenue Standard
FASB has issued proposed revisions to the revenue recognition standard intended to head off the potential for varied interpretation of the standard and to simplify and reduce the cost of compliance in some areas. The board has focused the amendments on identifying performance obligations and accounting for revenue arising from ...