Appointment Blogs | Compliance Week – Page 279
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Delhaize Group Appoints General Counsel; Corporate Secretary
Belgium-based food retailer Delhaize Group has appointed Philippe Dechamps as general counsel and corporate secretary. Details inside.
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Big Banks All Pass First Round of Stress Tests
It was report card day at the Federal Reserve. On Wednesday, it released the first round of this year’s stress test results for the nation’s 31 largest banks. For the first time since it began mandatory stress tests in 2009, all banks with $50 billion or more in total consolidated ...
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Trade Groups Tell SEC: Reverse Course on No-Action Policy
A coalition of 17 business groups is asking the SEC to reinstate its practice of giving guidance about shareholder proposals that conflict with other proposals sponsored by management—and hinted that the agency’s new policy of silence on the subject may violate the law. The complaint is the latest salvo in ...
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Survey: Internal Audit Gaining Ground on Cyber-Risks
Image: Protiviti’s recent survey of more than 800 internal audit professionals reports that half of respondents said a cyber-security evaluation is included in their current audit plan, and 60 percent of those organizations use the National Institute of Standards and Technology cyber-security framework to evaluate risks. Protiviti EVP Brian Christensen ...
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Northeast Bancorp Appoints Chief Risk Officer
Northeast Bancorp has appointed Brian Pinheiro as chief risk officer. Details inside.
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Pulaski Bank Names Chief Compliance Officer
Pulaski Bank has hired Mark Wofford as chief compliance officer. CEO Gary Douglass said the new appointment will help the bank effectively deal with "the significant compliance risks posed by the proliferation of additional regulation in the banking industry.” Details inside.
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Peapack-Gladstone Names Chief Compliance Officer
Peapack-Gladstone Financial and Peapack-Gladstone Bank, a bank holding company with total assets of $2.7 billion, have appointed Maureen Hemhauser as chief compliance officer. Hemhauser will be responsible for overseeing the bank's compliance program, including compliance with the Bank Secrecy Act, OFAC, and anti-money laundering compliance. Details inside.
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MSRB Names Chief Compliance Officer
The Municipal Securities Rulemaking Board has promoted Deputy General Counsel Lawrence Sandor to the new position of chief compliance officer, in which he will be responsible for managing the MSRB’s corporate governance, regulatory support, internal legal and compliance activities. Sandor reports to the MSRB’s new chief legal officer, Robert ...
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Merz Pharma Appoints Two New Compliance Chiefs
Healthcare company Merz North America has appointed Salisa Hauptmann as chief compliance officer, effective March 9. As a key part of this transition, Katrina Church has been appointed chief compliance officer for Merz Pharma Group, the Frankfurt-based parent company of Merz North America. Details inside.
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Compliance Week Europe Conference Takes Shape
Image: Compliance Week is delighted to announce that planning for our 2015 Compliance Week Europe conference is now underway, and we are thrilled about how things are falling into place. Registration for the event is now open, so if you are a compliance officer anywhere from Ireland to Ukraine, we ...
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Congressman Lynch Offers First 'Post-Newman' Bill Banning Insider Trading
As I wrote here last month, the Second Circuit's decision in U.S. v. Newman has resulted in a flurry of recent pleas from people such as Mark Cuban, James Stewart and others for Congress to, finally, define the law of insider trading. On Monday, Congressman Stephen F. Lynch (D-Mass.) ...
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U.K. Financial Regulator Boosting Individual Accountability, Audit Rules
Image: Title: BaileyThe U.K. Prudential Regulation Authority says individual senior managers of financial firms could face sanctions if a breach occurs in their area of responsibility and it’s proven the manager took no reasonable steps to avoid it. “Our new accountability regime will hold all senior managers, including non-executive directors, ...
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Globally, Audit Inspectors Find Big Problems
U.S. audit regulators are not the only ones alarmed by high rates of busted audits. Around the globe, audit regulators who are members of the International Forum of Independent Audit Regulators compared notes and found nearly half of the audits they inspected in 2014 contained deficiencies that suggest the audit ...
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EU Agencies Slow to Implement Whistleblowing Policies
Image: Title: O'ReillyDespite a year-old mandate to implement internal whistleblowing rules, only the European Commission and the Court of Auditors have followed through, according to EU Ombudsman Emily O’Reilly. O’Reilly said, “The public needs to know that the EU institutions welcome whistleblowing and protect whistleblowers against retaliation to make ...
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Google Realigns Amid Regulatory Heat
Google’s executive chairman Eric Schmidt met with the EU’s new antitrust chief on Monday. The search engine giant is being scrutinized by regulators for engaging in anticompetitive practices, potential antitrust violations, and oversight of privacy issues. In response to the mounting regulatory pressure, the company has realigned its European operations. ...
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Europe’s Banks at Risk for Security Breaches
Significant loopholes exist in many of Europe’s top banks, and concerns about cyber-breaches have skyrocketed, according to a new European Commission report. Despite the sheer complexity of IT systems, hackers have still made their mark on the financial services industry over the years. While banking IT systems have become more ...
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SEC Nixes Proposed Deadline for Extractive Payments Rule
The deadline demanded by Oxfam America for a final rule requiring oil, gas, and mining companies to disclose payments made to foreign governments is “unachievable,” the SEC said in a recent legal brief. The brief is the Commission’s final word in a lawsuit Oxfam America filed in 2014 over delays ...
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Gasp! An End to Proxy Access Wars?
A funny thing happened on the way to a 2015 annual meeting season expected to be polarized by the return of shareholder access to the proxy: a possible path to consensus emerged, led by General Electric. This week, columnists Stephen Davis and Jon Lukomnik trace how regulators, activists, and companies ...
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SEC’s Ceresney: Common FCPA Violations in Pharma Industry
Image: From remarks last week at a conference in Washington D.C., SEC Director of Enforcement Andrew Ceresney highlighted three types of Foreign Corrupt Practices Act misconduct that most often arise in the pharmaceutical industry: pay-to-prescribe, formulary drugs, and charitable contributions. More of Ceresney’s observations are inside.
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Willis Lease Finance Adds New Board Member
Willis Lease Finance, an independent jet engine lessor in the commercial finance sector, has elected Robert Keady to its board of directors, effective immediately. Keady also will serve on the compensation and audit committees. Details inside.