- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2022-09-30T18:59:00
A recent tribunal ruling against Commerzbank in a case brought by a compliance officer serves as reminder employers should be careful to not make “stereotypical” assumptions about what tasks pregnant female staff or those returning from maternity leave can or should perform, legal experts said.
The London branch of the German bank was found to have discriminated against employee Jagruti Rajput for effectively sidelining her when she returned from maternity leave, a U.K. employment appeal tribunal upheld. The latest judgment in the case was made public Sept. 23 after a tribunal’s earlier ruling in Rajput’s favor was challenged.
Rajput, a senior compliance officer at Commerzbank, complained a substantial part of her work had been given to a male colleague without her knowledge or consent as she returned from maternity leave, and that he was then treated as a senior member—referred to as the “point person”—of the team. She also complained she had been left out of two team meetings: one while she was on maternity leave and another after she had returned to work.
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A former risk and compliance officer at National Westminster Bank was awarded nearly £88,000 (U.S. $112,000) after a U.K. employment tribunal found she was unfairly dismissed and discriminated against during her sick leave for colon cancer.
USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
Companies spend huge sums on audit, risk management, and compliance to alert them about potential legal issues before they escalate into serious corporate governance failings. There’s only one problem, however–they often misread their own early warning signs or ignore them altogether.
Company training has always been equal parts important and annoying. But a recent inquest found some eLearning courses fail to warn companies when employees struggle through education and testing. For 13-year-old Hannah Jacobs, the consequences ended with her death.
Norfolk Southern Corp., the railroad still cleaning up the environmental and financial damages caused when one of its trains derailed in a small Ohio town, has fired its top executive and chief legal officer after concluding they had an affair that violated company policies.
