Appointment Blogs | Compliance Week – Page 265
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Morton Salt Names General Counsel
Morton Salt has appointed Chad Walker as general counsel and corporate secretary. He succeeds Mary Doohan, who retired last year after a successful 23-year career with the company. Details inside.
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LRN Launches Catalyzing Conversations Toolkits
LRN, an ethics and compliance advisory services and education firm, today announced the launch of Catalyzing Conversations Toolkits, a turn-key solution designed to help mid-level managers start a dialogue with employees about the organization’s code of conduct and policies, as well as actively engage employees in E&C training. Details inside.
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Study: Social Media Befuddles Compliance
The average Fortune 100 firm has approximately 320 social media accounts and engages with more than 210,000 “followers” annually. The problem, according to a new study, is that the pace, scale, and informal culture of corporate social media creates regulatory risks that go beyond the traditional skill set of compliance ...
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SFO Brings Corruption Charges Against Former Alstom Compliance Executive
Image: Title: LainéBritain’s Serious Fraud Office has filed corruption charges against a former head of ethics and compliance at Alstom, the beleaguered French firm subject to anti-bribery investigations in multiple countries. The charges against Jean-Daniel Lainé stem from bribes Alstom allegedly paid in the 2000s to supply trains to the ...
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What Really Serves Shareholders’ Best Interests
Proxy season is upon us, which means the annual call in many boardrooms to shake up the board of directors. Replacing directors does occasionally make sense, Compliance Week columnist Rick Steinberg says—but that’s not the same as surrendering to every activist’s demand for new people in the boardroom. Inside, Steinberg ...
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Investors Protest Private Company Standards
Efforts on the part of standard-setters to wring some complexity out of financial reporting might be helpful to preparers of financial statements, but investors are starting to pipe up in protest.
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SEC Approves Tick-Size Pilot Program
The SEC has approved a proposal by the national securities exchanges and the Financial Industry Regulatory Authority for a two-year pilot program that will widen the minimum quoting and trading increments, known as tick sizes, for stocks of some smaller companies. The program—to begin May 6, 2016—will include stocks of ...
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New Conflict Minerals Reporting Template Available
The Conflict-Free Sourcing Initiative has published an update to its Conflict Minerals Reporting Template, a tool for tracing the use of conflict minerals in a company’s supply chain and validating smelters. CMRT 4.0, a free reporting template, expedites the identification of new smelters and refiners that may undergo an audit ...
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Intertek Names VP, Compliance and Risk for North America
Intertek, a provider of quality and safety services to a wide range of industries around the world, has appointed Q VanBenschoten as vice president, compliance and risk for North America. Details inside.
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Dun & Bradstreet Discloses FCPA Investigation Costs
Dun & Bradstreet, a commercial data and analytics provider, disclosed in a recent securities filing that it spent slightly more this time around than the same period last year on costs associated with its China investigation into possible violations of the Foreign Corrupt Practices Act. Details inside.
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Carestream Names Chief Compliance Officer
Carestream Health, a medical film and digital imaging solutions provider, has appointed Jim Nortz as chief compliance officer. Nortz joined Carestream in April from Sutherland Global Service, where he served as corporate compliance director. Details inside.
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SEC Gives Views on Courts vs. Administrative Hearings
News sure to please corporate compliance and legal officers everywhere: The SEC has finally published guidance on how it decides whether to bring enforcement matters to court or in-agency administrative proceedings. The SEC has been bringing more actions against companies as administrative proceedings, sparking complaints that targets’ due process rights ...
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SFO: Alstom to Face More Criminal Charges
The U.K. Serious Fraud Office recently announced that it has brought fresh charges against Alstom Network U.K. and an Alstom employee in phase three of its ongoing investigation. The latest charges concern allegations of corruption for the supply of trains to the Budapest Metro. Details inside.
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New Alliance to Serve Specialty Pharmacy Industry
CohnReznick, an accounting, tax, and advisory firm, has created a collaborative market solution with healthcare law firm Frier & Levitt and specialty pharmacy consulting firm CSI Specialty Group. The alliance will provide a comprehensive array of services tailored to the specialty pharmacy industry. Details inside.
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PayPal Names General Counsel
PayPal has appointed Louise Pentland as general counsel, during a time when the online payment systems company prepares to separate from eBay and become an independent, publicly-traded company later this year. He will join the company on April 27. Details inside.
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Alcoa Rejiggers Its Board of Directors
Judith Gueron, an Alcoa director since 1988 and its lead director since 2010, who did not stand for re-election when her term expired at the annual meeting, retired from the board. Succeeding Gueron as lead director is Patricia Russo, who has been a member of the Alcoa board since 2008. ...
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Xenia Hotels & Resorts Names Chief Accounting Officer
Xenia Hotels & Resorts, a self-advised and self-administered real estate investment trust, has appointed Joseph Johnson as chief accounting officer.
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SEC's White Squares Off With Senate Committee Over FY 2016 Budget
This week, SEC Chair Mary Jo White appeared before a skeptical Senate Appropriations Committee in support of the agency's request for $1.722 billion in FY 2016 -- a 15 percent increase over the SEC's budget in FY 2015.
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Canadian Court Shifts Corporate Liability to Managers
A recent decision by the Quebec Superior Court found that Canadian companies can be held criminally liable for the wrongful actions of their middle managers, even when the head office has no knowledge of the misconduct. The decision “mark[s] a fundamental change, if not a revolution, in the law of ...
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SEC Chief Accountant Retreats From IFRS Filing Idea
Image: SEC chief accountant James Schnurr is distancing himself from an idea he floated last year that the Commission might allow U.S. companies an option to report under International Financial Reporting Standards. Schnurr says staff outreach revealed “little support” for that idea, essentially leaving convergence to standard setters. Details inside.