Appointment Blogs | Compliance Week – Page 267
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Owens Corning Names General Counsel
Owens Corning, a developer and maker of insulation, roofing, and fiberglass composites, has appointed Ava Harter as general counsel and secretary, effective May 18. Harter will succeed John Christy and serve as the company’s chief legal advisor, overseeing all aspects of law, compliance, and securities compliance for Owens Corning. Details ...
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Tech Data Corporation Names New Corporate Controller
Tech Data Corporation, a wholesale distributor of technology products, services and solutions, has promoted Jeffrey Taylor to corporate controller. In this role, Taylor will serve as the company's chief accounting officer, responsible for all global accounting policy, controls and financial reporting. Details inside.
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FASB Plans Next Phase of Big Accounting Changes
Image: As FASB wraps up some major projects in coming months, it is starting to wonder: what’s next? The board plans to publish a discussion paper seeking input on what revisions should be added to the agenda, but it will likely focus on clarifications to revenue recognition, income taxes, business ...
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UK Insider Trader Returned to Prison For Failure to Repay Illegal Profits
In the UK, insider trading prosecutions are pretty rare. Indeed, there had never even been a criminal insider trading case in the UK until 2009, and to date there have only been a total of about two dozen criminal convictions for insider trading in the UK. Pardip Saini is one ...
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TCN Launches Business Intelligence Analytics Solution for Cloud-Based Call Center Platform
TCN, a provider of cloud-based call center technology, today announced the launch of Competitive Analytics, a fully integrated business intelligence analytics solution for its cloud-based call center suite, TCN Platform 3.0. The new solution provides real-time business intelligence (BI), analytics, and reporting through intuitive and customizable dashboards. Details inside.
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Novaworks Issues New Solution for SEC Regulation SDR
New SEC rules scheduled to take effect May 18 and designed to increase transparency within the derivatives markets have left firms engaged in securities swaps searching for solutions. Novaworks, a provider of SEC filing software, announced this week the latest version of its GoFiler family of products contains an easy-to-use ...
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MFRI Appoints New Board Member
MFRI, a manufacturer of specialty piping systems and industrial filtration products, has appointed David Brown to its board of directors. With Brown's appointment, the MFRI board has been expanded to eight members. Details inside.
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SNC-Lavalin General Counsel to Depart
SNC-Lavalin announced this month that Réjean Goulet will be retiring from his position as general counsel after a 30-year career with the embattled engineering-and-construction company, effective in July. Jean-Éric Laferrière, currently senior vice president of legal affairs, will serve as interim general counsel while the company conducts a worldwide search ...
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AK Steel Corporate Secretary to Retire
AK Steel recently announced the retirement of David Horn as chief legal and administrative officer, and corporate secretary, effective May 31. As a result, Joseph Alter, general counsel and chief compliance officer, will assume the added responsibility of corporate secretary. Details inside.
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SEC Proposes Pay-Versus-Performance Disclosure Rule
The SEC has proposed a new pay-for-performance disclosure rule, requiring companies to report the relationship between compensation paid to named executive officers and the Total Shareholder Return of both the company and its peer group. The proposal marks the first time the Commission will require data tagging in the XBRL ...
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FCA: Banks Should Rethink Derisking Strategies
The Financial Conduct Authority warns that banks should rethink their anti-money laundering strategies in light of reports that financial institutions have nixed services to customers that may pose potential money-laundering risks. The agency says, “These policies and procedures must be comprehensive and proportionate to the nature, scale, and complexity of ...
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TI Index Shows Anti-Corruption Improvements in Defense Sector
A new anti-corruption index examining anti-corruption measures in the defense sector reveals some good news: many defense companies are increasingly addressing corruption risks, with improvement evident in companies from every region of the world. The results show significant improvement overall,” said Transparency International, which last issued its index in 2012. ...
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FASB Seeks Comment on Revenue Delay, IASB Opts to Defer
The Financial Accounting Standards Board has issued a formal proposal to delay the effective date of the revenue recognition rule by one year, just as the International Accounting Standards Board voted to propose a one-year deferral for the international standard. FASB’s proposal is seeking comment on whether a two-year delay ...
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PwC Names Risk Assurance Managing Director
David Thelander has been appointed as a risk assurance managing director in PwC’s Risk & Compliance, Systems & Analytics practice. Details inside.
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Selerity Strikes Gold with Early Look at Twitter Earnings Release
This week, a data services company called Selerity used an automated system and some very aggressive digging to obtain early -- and highly lucrative -- information about Twitter's earnings.
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Anadarko Names New Chief Accounting Officer
Anadarko Petroleum has named Christopher Champion as chief accounting officer and controller, effective June 1. He will succeed M. Cathy Douglas, who is retiring following more than 35 years with the company. Details inside.
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Europe's Digital Regulator
Amid Google’s recent antitrust debacle and the intense competition among some U.S. tech giants in Europe, the call for an EU strategy to monitor the digital economy has never been louder. If implemented, according to reports, a pan-European digital regulator will supervise “systemic digital actors” and will have the ...
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Belgium's Robust AML Regime
While Belgium has made significant progress in tracking down anti-money laundering and counter-terrorist financial (AML/CFT) activities, a lot more work needs to be done, says a recent report by the Financial Action Task Force. In April, the European Union approved new draft rules that reflect the need of its member ...
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$600,000 to Man in Whistleblower Retaliation Case
The SEC has awarded $600,000 to the first person ever at the center of a whistleblower retaliation case, giving him the maximum award possible for information he provided to the SEC in an investigation against a financial firm in Albany, N.Y. The firm itself was charged in 2014 with retaliating ...
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Study: Disclosing Control Weaknesses Does You Few Favors
Companies that disclose control problems ahead of restatements get no pat on the back or other indicators of gratitude from investors, according to a recent academic study. On the contrary, they are more likely to face harsher consequences for their transparency than companies that provide no advance warning. More inside.