Appointment Blogs | Compliance Week – Page 272
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AOL Chief Compliance Officer Joins Panasonic as General Counsel
Panasonic Corporation of North America, the principal North American subsidiary of Japan-based Panasonic, has appointed Damien Atkins as general counsel and corporate secretary. Atkins joins Panasonic from AOL, where he served as deputy general counsel and chief compliance officer.
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FASB Shifts Gears on Cash-Flow Classification Issues
Image: FASB has asked its Emerging Issues Task Force to dig into nine specific cash-flow issues to see if it can suggest some changes to existing guidance to make this area of accounting more straightforward. “We’re going to continue with the project, but change the dynamic,” said FASB Chairman Russ ...
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Pssst: Socially Responsible Investors Are Racking Up Wins This Year
In this proxy season dominated by talk of shareholder proxy access and executives’ accountability, you may not have noticed that socially responsible proposals—particularly around climate change—are achieving one win after another. This week, columnists Stephen Davis and Jon Lukomnik survey the scene of SRI activism and its effect on governance ...
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Flex Pharma Names New Board Member
Flex Pharma, a biotechnology company, has appointed Jeffrey Capello to its board of directors. He also will serve as chair of the audit committee. Details inside.
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OTC Link ATS Names Chief Compliance Officer
OTC Link ATS, wholly-owned subsidiary of OTC Markets Group, operator of open, transparent and connected financial marketplaces for 10,000 U.S. and global marketplaces, has appointed Michael Corrao as chief compliance officer. Details inside.
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Chiquita Brands Chief Accounting Officer Resigns
Joseph Johnson, chief accounting officer of Chiquita Brands International, has resigned, the produce company said this week said in a filing with the Securities and Exchange Commission. Johnson's departure follows that of several other executives, as Chiquita Brands comes under new ownership. Details inside.
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3M Chief Compliance Officer to Join CHS as General Counsel
CHS, a farmer-owned cooperative and a global energy, grains and foods business, has named James Zappa as general counsel, effective April 13. Zappa currently is associate general counsel and chief compliance officer for the 3M Compliance and Business Conduct Department.
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James Koukios Joins Morrison & Foerster
James Koukios, former senior deputy chief in the Fraud Section of the Justice Department's Criminal Division, has joined law firm Morrison & Foerster as a partner in the securities litigation, enforcement and white-collar criminal defense practice group. Details inside.
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SEC Issues Wells Notice to Magnum Hunter
Magnum Hunter Resources has received a Wells Notice for potential material weaknesses in the company’s internal control over financial reporting. The oil and gas producer said it intends to respond in the form of a Wells submission, setting forth why it believes an enforcement action against it is not warranted. ...
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Second Circuit Denies DOJ Petition for Rehearing in Newman Case
Today, in a ruling that may have significant consequences, the Second Circuit rejected the DOJ's petition for a rehearing in the landmark U.S. v. Newman insider trading case. The DOJ filed a "Petition for Panel Rehearing and Rehearing En Banc" in the Newman case on January 23, which was supported ...
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HSBC Disciplines U.S. Executive Over Compliance Attitude
HSBC has decided to reassign the Americas head of its global banking division because of the manager’s poor attitude about the bank’s compliance and audit program, according to an update from its compliance monitor. The report cited that move as one example of HSBC’s improvement on compliance, while still warning ...
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NopSec: New Feature Prioritizes and Remediates High-Risk Threats
NopSec, a provider of vulnerability remediation solutions powered by advanced machine learning technology, has released version 3.4.7 of its Unified VRM platform. The platform empowers organizations to quickly find the vulnerabilities that present the most risk, focus on top threats, and fix potential exploitations through an integrated remediation workflow.
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Sovos Compliance and ShipCompliant Combine
Sovos Compliance, a tax compliance and reporting provider, has acquired Boulder-based ShipCompliant, a compliance and tax solution provider for the beverage alcohol market.
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Celgene Names General Counsel, Corporate Secretary
Pharmaceutical company Celgene has appointed Gerald Masoudi as general counsel and corporate secretary, effective June 1. He will succeed Lawrence Stein, who is retiring after serving as general counsel and corporate secretary since 2012
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Workiva Adds New Feature to Wdesk for Sarbanes-Oxley Compliance
Workiva, creator of the Wdesk cloud-based productivity platform for business data collaboration and reporting, this week introduced a new feature called Evidence Management for Wdesk that significantly improves how companies document and test their internal controls over financial reporting required by the Sarbanes-Oxley Act. Details inside.
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Seaboard Names Chief Accounting Officer
Seaboard, a global, food, and engery transportation company, has appointed Michael Trollinger as corporate controller and chief accounting officer effective as of March 31, the company announced this week in a Form 8-K filing. Details inside.
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PCAOB Routs Nevada Firm Where Beckstead Landed
The PCAOB has thrown the book at a small Nevada audit firm for a long list of audit violations, including a suspension for Brad Beckstead, former partner with Beckstead and Watts. Beckstead challenged audit inspections and the existence of the PCAOB before the U.S. Supreme Court, which has created uncertainty ...
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SEC Brings First Action on Whistleblower ‘Pre-taliation’
The SEC has filed its first enforcement action against a company for what the agency has previously labeled “pre-taliation”—using confidentiality agreements or other agreements to potentially stifle the whistleblowing process. The company in question was KBR, which will pay $130,000 in penalties. See inside for more details.
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Council of Institutional Investors Elects New Board, Names New Chair
The Council of Institutional Investors this week elected a new board of directors and named Michael McCauley, senior officer of investment programs and governance at the Florida State Board of Administration, as chair of the board. Details inside.
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Accounting-Related Class-Action Lawsuits Jump in 2014
Image: A Cornerstone Research report says securities class-action filings involving allegations of accounting improprieties jumped sharply from 47 in 2013 to 69 in 2014. Senior adviser Laura Simmons said Cornerstone expected the SEC’s increased focus on financial reporting issues might lead to an increase in class actions with these issues. ...