- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2022-09-12T19:05:00
The U.K. arm of Big Four audit firm PwC is being sued by one of its employees for more than 200,000 pounds (U.S. $234,000) after he injured himself at a post-work drink event in 2019.
Michael Brockie, 28, has filed a personal injury claim against the auditor after he lost half his skull in a round of “pub golf,” where he and others were encouraged to down a drink at each of the nine bars they visited. Those to drink quickest got the most points, according to multiple reports, including the Financial Times.
The audit firm is not the only employer whose “team-bonding” efforts have proven problematic.
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Spain’s labor ministry fined the Big Four accountancy firms at least €1.4 million (U.S. $1.5 million) total for overworking and underpaying their respective employees, continuing a recent trend in the country of the government cracking down on apparent labor violations.
PwC Australia exited eight partners, including its former chief risk and reputation officer, following an investigation into the sharing of confidential government tax policy information at the firm.
The Prudential Regulation Authority and Financial Conduct Authority ending their six-year investigations into former senior managers at HBOS without enforcement serves as reminder of the United Kingdom’s checkered history of bringing executives to book.
Keeping track of regulations and understanding how they affect your business can be a hot mess without proper organization and collaboration, experts said at Compliance Week’s Women in Compliance Summit, held June 3-4, in Atlanta.
Attendees at Compliance Week’s Women in Compliance Summit discussed strategies for confronting bias against Black, indigenous, and people of color professional women working in compliance and risk.
Martin Gruenberg announced he will step down as chairman of the Federal Deposit Insurance Corporation following the release of an independent review that criticized the agency’s lack of response to employee claims of sexual harassment and discrimination.
