All articles by Neil Hodge – Page 24
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Article
Muddled DPA outcome for Tesco accounting fraud scandal
The U.K. Serious Fraud Office has released details of the deferred prosecution agreement it struck with Tesco—on the same day the supermarket chain’s former finance director accused of the accounting fraud was acquitted.
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Blog
French data regulator fines Google under GDPR
France’s data protection regulator recently slapped Google with a substantial €50 million (U.S. $57 million) fine for failing to provide users with clear, accurate, and informative details on its data use policies.
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ArticleAmple fallout from May’s Brexit vote defeat
British regulators and Members of Parliament had some serious comments and concerns after Tuesday’s 432-to-202 vote against U.K. Prime Minister Theresa May’s Brexit plan.
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Article
EU investigates Nike over tax
The European Commission has opened an in-depth investigation to examine whether the Dutch government unfairly helped U.S. sportswear company Nike avoid paying taxes on its European profits through a series of favourable tax rulings.
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ArticleStudy: Blowing the whistle won’t harm the bottom line
A new study from NAVEX Global reveals whistleblower hotlines don’t often prove detrimental to business outcomes.
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ArticleAs deadline nears and ‘Brexhaustion’ sets in, still no deal in sight
With less than 100 days until Brexit and the sides taking a break until mid-January, it’s looking inevitable that anxious businesses will not have long-sought certainty on the issue until the clock ticks close to zero.
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U.K. Financial Reporting Council receives scathing review
An independent review of U.K. corporate governance regulator and audit watchdog the Financial Reporting Council calls the agency a “hangover from a bygone era.”
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CMA looks at tackling Big Four’s stranglehold of U.K. audit market
The audit market is facing serious scrutiny from the U.K. Competition and Markets Authority, which hopes to carve out external audit from consulting, impose a “joint audit” regime, and increase audit committee chair accountability.
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Article
Ted Baker launches probe into CEO ‘hugs’
Ray Kelvin, the founder of fashion retailer Ted Baker, stands accused of giving unwanted hugs to employees and has stepped down temporarily amid an investigation into allegations of sexual misconduct against him.
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Article
MPs release ‘secret’ Facebook e-mails
The U.K.’s Digital, Culture, Media and Sport (DCMS) Committee has released 250 pages of e-mails that show Mark Zuckerberg and other senior executives at Facebook gave certain app developers special access to user data.
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ArticleRegulators raise problem of AI in decision making and accountability
Are companies transferring too much decision-making power to machines? That’s the opinion of EU data regulators, who say companies should “think seriously” about telling investors and stakeholders automatons are now in charge of their data.
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Article‘No-deal’ Brexit risks U.K. and EU data transfer problems
In the event of a ‘no-deal’ Brexit, EU data commissioners are warning of data transfer restrictions between the European Union and the United Kingdom, which will be treated as a third country.
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ArticleCompliance is feeling GDPR’s growing pains
Six months after its enactment, the EU’s data privacy regulation still hasn’t provided the clarity many were looking for … and it might not come for a while yet.
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ArticlePrivacy advocate Schrems foresees lax enforcement of GDPR
Speaking at the recent Compliance Week Europe conference in Amsterdam, leading privacy campaigner Max Schrems cast doubt on whether the newly enacted GDPR would have any teeth.
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Blog
FCA seeks to mitigate Brexit-related risk
The U.K. Financial Conduct Authority is on a mission to thwart as many “cliff-edge” risks as possible during the Brexit transition.
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Article
EU regulator pushes for global consensus on data ethics
European Data Protection Supervisor Giovanni Buttarelli trumpeted the urgent need for a worldwide data ethics accord at a recent conference, warning that the rapid advance in global digital technologies mandates a global consensus on privacy.
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Blog
U.K. data regulator slaps Facebook with maximum fine
Facebook has been hit with a £500,000 fine by the Information Commissioner’s Office for serious breaches of data protection rules stemming from the Cambridge Analytica scandal.
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Blog
Apple CEO pushes for U.S.-style GDPR, bashes those who ‘put profits over privacy’
Apple CEO Tim Cook voiced his support for the EU’s General Data Protection Regulation and advocated for a similar U.S. mandate based on four “essential rights.”
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Blog
Morrisons loses data breach appeal
The U.K. Court of Appeals recently shot down an appeal by supermarket chain Morrisons to overturn an earlier judgment denouncing it as liable for a data breach instigated by a disgruntled former employee. A march to the Supreme Court is next.
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Blog
Bank of England urges firms to prepare for climate change risks
The Bank of England (BoE) wants boards of financial services firms to take a stronger role in identifying and managing financial risks caused by climate change by making individual executives accountable and improving disclosure.