Appointment Blogs | Compliance Week – Page 59
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Pay for outside corporate directors barely increased in 2017
Total pay for outside directors at the nation’s largest corporations increased by a mere 3 percent in 2017, driven by increases in cash and stock compensation, according to a new analysis by Willis Towers Watson.
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Big 4 get input on how to treat GILTI under tax law
Big 4 firms are meeting with FASB and SEC staff to sort out how to report certain effects of tax reform when clarity on provisions within the tax law is still elusive.
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Sanofi to pay $25M to resolve FCPA violations
The SEC on Tuesday announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and Middle East subsidiaries made corrupt payments to win business.
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Crawford Lake Capital Management names chief compliance officer
Crawford Lake Capital Management, an investment management firm, has appointed Dov Lando to the newly created role of general counsel and chief compliance officer.
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Former OFCCP Director Ondray Harris joins Hunton Andrews Kurth
Ondray Harris, former director of the U.S. Department of Labor’s Office of Federal Contract Compliance Programs, has joined global law firm Hunton Andrews Kurth in the firm’s national labor and employment practice as special counsel in Washington.
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Anadarko names general counsel
Anadarko Petroleum has named Amanda McMillian executive vice president and general counsel, effective immediately.
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AIG names chief accounting officer
Global insurance company American International Group has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer.
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PPG appoints general counsel and secretary
PPG appointed Anne Foulkes senior vice president, general counsel and secretary, effective as of Aug. 1. It also named a new corporate controller.
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Hershey names general counsel
The Hershey Company has named Damien Atkins senior vice president, general counsel and secretary, effective as of Aug. 13.
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FASB updates guidance on cloud computing costs
Companies now have new guidance on how to account for the costs of implementing certain cloud computing service arrangements.
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TRACE Intermediary Directory helps companies find women-owned businesses globally
Global international business organization TRACE has released the TRACE Intermediary Directory to help track women-owned entities around the world.
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GAN Integrity releases new Risk Management module
GAN Integrity, a fully integrated compliance solution provider for global business, announced the launch of its Risk Management module, designed to enable users to make strategic, data-driven decisions based on a holistic and real-time view of all compliance-related activities.
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Swiss bank to pay $60.4M in U.S. tax evasion case
Swiss bank Basler Kantonalbank entered into a deferred prosecution agreement and will pay $60.4 million in total penalties for conspiring with others to evade U.S. taxes, the Department of Justice announced.
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NASAA expands coordinated crypto-crackdown
The North American Securities Administrators Association says more than 200 active investigations of crypto-currency-related investment products are currently underway by state and provincial securities regulators in the United States and Canada as part of “Operation Cryptosweep.”
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FASB reprises materiality language, edits disclosures
GAAP now contains a shorter list of disclosure requirements for fair-value measurements and defined benefit plans, along with a reprised definition of materiality.
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OCC opens public comment phase for modernizing CRA
The Office of the Comptroller of the Currency has is now seeking public comments on the best ways to modernize the regulatory the Community Reinvestment Act.
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CFPB’s student loan ombudsman slams the door on his way out
The CFPB’s student loan ombudsman may have quit, but he is not going quietly. “After 10 months under your leadership, it has become clear that consumers no longer have a strong, independent consumer bureau on their side,” Seth Frotman told his former boss, Acting Director Mick Mulvaney.
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Quorum Health names chief accounting officer
Quorum Health has appointed Glenn Hargreaves as senior vice president and chief accounting officer, effective as of Aug. 27.
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Granite appoints chief compliance officer
Granite has named M. Craig Hall as senior vice president, general counsel, corporate compliance officer, and secretary. He succeeds Richard Watts, who was recently appointed senior vice president and group manager for Granite’s Water and Mineral Services Group
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SEC’s Consolidated Audit Trail faces more delays
The SEC has announced that it may take until November for initial phases of its ambitious, but often delayed, Consolidated Audit Trail to begin initial operations.