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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-05-13T11:00:00
In fiscal year 2018, FedEx Corp. earned a then-record $65.5 billion in revenue, expanded its presence in Asia, and committed to donating $200 million to charitable causes in 200 communities it served over two years. Forbes named FedEx among the world’s 10 most admired companies; FedEx also won a national award for corporate responsibility and another for its support of women’s business enterprises.
But FY2018 was significant for another reason, one other companies might have alternatively shouted from the rooftops or looked at with concern.
For the first time in its then-47-year history, FedEx was a minority-majority employee company in the United States. There was no public celebration or self-congratulatory press release—just a simple number listed as part of its environmental, social, and governance (ESG) disclosure in its 2019 Global Citizenship Report: 49.2 percent of its U.S. employees identified as Caucasian, down from 50.1 percent the year before.
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News and analysis for the well-informed compliance or audit exec.
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2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-04-09T18:24:00Z By Aaron Nicodemus
Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference.
2024-02-27T12:25:00Z By Kyle Brasseur
Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
2024-02-19T14:00:00Z By Ruth Prickett
James Levey, compliance director at global recruitment agency ManpowerGroup, discusses with Compliance Week his focus on preparing the group’s European operations to gather the data required for compliance with the EU’s Corporate Sustainability Reporting Directive.
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