All Europe articles – Page 2
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PremiumControl and delete: How regulators can shutdown companies’ AI investments
Companies are increasingly putting their faith in AI to realize the kind of business benefits that the technology seems to promise, but they are also opening themselves up to new and potentially crippling sanctions if they are unable to answer questions that surround how AI operates.
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PremiumAI & Compliance Summit notebook: ‘Think big. Start small. Scale fast.’
When starting artificial intelligence efforts for companies large or small, one approach compliance practitioners said they’ve found works best is to start with a specific use case.
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PremiumCompanies are slowing AI launches in Europe, some say European Union regulations are why
The European Union’s Digital Markets Act is forcing many Big Tech companies to postpone the launch of artificial intelligence-powered features, like Apple Intelligence, over user privacy and data security concerns.
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Oculis announces chief legal officer
Biopharmaceutical company Oculis Holding AG announced the appointment of Daniel Char to the role of chief legal officer.
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PremiumNew U.K. enforcement body piles pressure on sanctions evaders
Global sanctions rules are increasing rapidly, as are tools to detect and punish those who break them. In response, the U.K. government is creating a new Office of Trade Sanctions Implementation to investigate and penalize those who break sanctions rules.
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News BriefIrish DPC fines Meta $102M over GDPR violation linked to improper storage of passwords
The Irish Data Protection Commission fined Meta Ireland 91 million euros (U.S. $102 million) for multiple violations of the European Union’s General Data Protection Regulation related to the inadvertent storage of user passwords without encryption.
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PremiumAI misuse could lead to sanctions from multiple regulators, experts warn
The proliferation of AI, as well as the promised business cases promoting its use, has led companies around the world to quickly invest in the technology. Executives hope these AI tools will improve efficiencies, reduce costs, and help them stay competitive. But it could lead to just the opposite.
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Prilenia appoints chief legal officer
Biotechnology company Prilenia Therapeutics B.V. announced the appointment of Jason Marks, J.D. as chief legal officer.
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Technip Energies announces sustainability chief
Engineering and technology company Technip Energies announced the appointment of Benjamin Lechuga as chief strategy & sustainability officer and member of the group executive committee.
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Louvre Hotels Group adds GC
Louvre Hotels Group announced that Grégoire Bouffard will join the executive committee as general counsel, effective Oct. 1.
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ABN AMRO names risk chief
ABN AMRO Bank announced that Serena Fioravanti was appointed as a member of the executive board of ABN AMRO Bank N.V. and chief risk officer, effective Oct. 1.
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News BriefAAR Corp. discloses former exec implicated in Nepal, South Africa FCPA violations
Aviation maintenance services provider AAR Corp. disclosed that several former employees may have bribed officials in Nepal and South Africa to win contracts, and chose to self-report violations of the Foreign Corrupt Practices Act to authorities in the U.S. and U.K.
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PremiumBarclays is axing its bonus caps. Is it also ditching good governance?
Four years post-Brexit, London-based Barclays became the first British bank to scrap bonus caps for its traders that were meant to curb excessive risk-taking with client cash, improve corporate governance, and restore faith in an industry most working people still hold responsible for 15 years of economic misery.
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PremiumFTC sounds alarm on business practices turning into ‘vast surveillance’
The Federal Trade Commission took aim at the business models of some of the world’s largest companies, publishing a years-long study that decried technologies that have created “vast surveillance” networks that expose people to “a host of harms” and violate children’s privacy laws.
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WS Audiology announces legal chief, GC
WS Audiology announced that Hea Vinskov has been appointed chief legal officer and general counsel, effective Oct. 21.
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ALFI appoints general counsel
The Association of the Luxembourg Fund Industry announced the appointment of Corinne Lamesch as deputy CEO and general counsel.
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Amcor announces first sustainability chief
Packaging solutions firm Amcor announced that David Clark, previously its vice president, sustainability, has been appointed to the new chief sustainability officer role.
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PremiumBudweiser Budvar registration failures show ESG impacts of U.K. noncompliance
Most businesses think more about their products than what they come wrapped in, but a recent U.K. penalty against Czech brewery Budweiser Budvar indicates packaging is an increasingly important element in sustainability regulations.
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Perrigo appoints general counsel
Self-care products provider Perrigo Company announced the appointment of Charles Atkinson as executive vice president, general counsel and secretary.
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Holcim announces group general counsel
Holcim, which manufactures building materials, announced that Lukas Studer, general counsel corporate and M&A, is appointed group general counsel, effective Nov. 1.