Appointment Blogs | Compliance Week – Page 291
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RIMS Appoints New President for 2015 Term
The Risk and Insurance Management Society (RIMS) has elected Rick Roberts as president for the 2015 term, effective Jan. 1. Roberts is the director of risk management and employee benefits for aerospace and defense company Ensign-Bickford Industries. Details inside.
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Regional Management Names First Chief Risk Officer
Regional Management, a diversified specialty consumer finance company, has appointed Daniel Taggart to the newly-created position of chief risk officer, effective immediately. Taggart brings to Regional Management nearly 20 years of financial and consumer lending experience. Details inside.
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U.S. Treasury Names First Chief Risk Officer
The Department of Treasury has appointed Kenneth Phelan to the newly-created position of chief risk officer. He reports directly to Sarah Bloom Raskin, Deputy Secretary of the Treasury. Details inside.
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Six Compliance Events to Watch in 2015
Image: Welcome back! Before everyone returns to the raw thrill of audit committee meetings, internal control testing, e-discovery requests, and vendor proposals for GRC software upgrades, let’s take a moment to contemplate what lies ahead for compliance, risk, and audit executives in 2015. Editor Matt Kelly has his top picks ...
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SEC.gov's Top 10 News Stories, Search Terms in 2014
The SEC marked the end of 2014 by tweeting "Top 10" lists of both the most-viewed news stories of 2014 on SEC.gov, as well as the most-searched terms on SEC.gov.Here are 2014's Top 10 most-viewed news stories on SEC.gov: See the list: 2014’s most-viewed news on http://t.co/kacEcWakdu pic.twitter.com/zrASY0Ia9j— SEC_News (@SEC_News) ...
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Franklin Synergy Spins Off Compliance Unit
Franklin Financial Network, the parent company of Franklin Synergy Bank, has spun off its wholly-owned subsidiary, Banc Compliance Group, to BCG Consulting. The newly-independent company will continue to operate under the name Banc Compliance Group, and will continue to be managed by President Connie Edwards. Details inside.
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New Sanctions Imposed on North Korea
President Obama has signed an executive order imposing new sanctions on North Korea in response to the cyber-attack on Sony Pictures Entertainment. Specifically, the sanctions target agencies and officials associated with the North Korean government and Workers’ Party of Korea. They will be denied access to the U.S. financial system ...
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Kodak Names New General Counsel, Corporate Secretary
Eastman Kodak Company has promoted Sharon Underberg to the role of general counsel and secretary, effective Jan. 6. She succeeds Patrick Sheller, currently general counsel, secretary, and hief administrative officer, who has decided to leave the company to pursue a new opportunity. Details inside.
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Fiskars Product Safety Case Offers Compliance Lessons
Gerber Legendary Blades, a division of Fiskars Brands, this week agreed to pay a $2.6 million civil penalty to the Department of Justice to settle allegations that it knowingly failed to immediately report to the Consumer Product Safety Commission a safety hazard associated with Fiskars’ Gator Combo Axe. As part ...
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FTC Finalizes User Privacy Charges Against Snapchat
Image: The Federal Trade Commission has approved a final order settling charges that Snapchat deceived consumers with promises about the disappearing nature of messages sent through the service. “If a company markets privacy and security as key selling points in pitching its service to consumers, it is critical that it ...
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FBI Recruiting New Wave of Cyber Agents
The FBI is actively trying to hire a new wave of Special Agents with specialized cyber skills to help it "protect the United States against cyber-based attacks and high-technology crimes." In a recent FBI job posting for "Special Agent (Cyber)," the FBI emphasized that the position is for applicants ...
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AR Capital Shakes Up Its Board
Nicholas Schorsch, co-founder of AR Capital, will be stepping down from the board of directors of RCS Capital, New York REIT, and eleven non-traded real estate investment trusts and direct investment programs sponsored by AR Capital. The announcement comes at a time when the investment management firm faces a defamation ...
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Oak Bank Names Chief Risk and Compliance Officer
Oak Bank, a community bank in Wisconsin, has appointed Lisa Quakenbush as risk and compliance officer. She brings more than 20 years experience in the financial services industry. Details inside.
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Texas Rare Earth Resources Appoints Board Member
Texas Rare Earth Resources, an exploration company targeting heavy rare earth minerals, has appointed Eric Noyrez to join its board of directors, with immediate effect. Noyrez brings to TRER extensive senior management and board level experience in the major multinational industrial and chemical companies that constitute the modern rare earth ...
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SEC Will Convert XBRL Filings Into New Public Databases
The SEC has announced the launch of a pilot program that will consolidate financial statements submitted by public companies using XBRL into databases that can be readily accessed by the public. The data sets, including financial statement data from XBRL filings, will be expanded in 2015 to include data in ...
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Takata Names General Counsel for North America Unit
Embattled Japanese-based airbag supplier Takata has named Bruce Angiolillo as general counsel of TK Holdings, the North American subsidiary of Takata, effective Jan. 1, 2015. Angiolillo joins Takata following a 34-year career at global law firm Simpson Thacher & Bartlett. Details inside.
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ECI Launches New Data Security Solution, PayArmor
Electronic Commerce International, a payment processing solutions provider, today announced the launch of PayArmor, a new way for companies to protect customer data from cyber criminals. PayArmor is a multi-layered suite of security and compliance services built to safeguard businesses against fraud, credit card data security breaches and to ...
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Computer Sciences to Pay $190 Million in Accounting Probe; Makes Compliance Enhancements
Computer Sciences Corp. (CSC) disclosed in a securities filing yesterday that it has reached a $190 million proposed settlement with the Securities and Exchange Commission and will restate three years of financial results to resolve accounting issues dating back four years ago. The SEC charged the IT services company with ...
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CSC Discloses $190 Million Settlement Agreement With SEC
Computer Sciences Corp. is settling an SEC enforcement action relating to accounting errors in the company’s 2009-2012 financial statements. As part of the settlement, CSC will pay a penalty of $190 million and restate past financial statements. CSC said the errors concerned operations in Europe and Australia, and the company’s ...
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SEC Staffers Try to Untangle Business Unit Accounting Issues
Image: Title: RogersAt a recent national accounting conference on regulatory issues, staff members at the Securities and Exchange Commission, including professional accounting fellow Chris Rogers (left), offered lots of advice on how companies can better explain to investors the intricacies of joint ventures, spinoffs, pushdown accounting, and segment reporting in ...