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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-08-09T16:56:00
Material findings related to environmental, social, and governance (ESG) due diligence have disrupted mergers and acquisitions (M&A), forcing companies in the United States and abroad to back out of deals, according to a study from Big Four accounting firm KPMG.
KPMG’s “ESG Due Diligence Survey,” conducted earlier this year, featured insights from more than 200 M&A practitioners in the United States and Europe, Middle East, and Africa (EMEA), the firm said in a press release.
Nearly 60 percent of U.S. corporate investors said their deal was canceled based on material findings during ESG due diligence, while 46 percent of financial investors’ deals were either canceled or saw a price reduction, according to a copy of the survey results viewed by Compliance Week.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
2023-09-08T14:14:00Z By Aaron Nicodemus
John Gagel, chief sustainability officer for Lexmark International, shares with Compliance Week why the private company tracks its greenhouse gas emissions and plans to comply with the climate-related disclosure rule proposed by the Securities and Exchange Commission.
2023-06-08T16:41:00Z By Maria L. Murphy
The Deloitte Center for Controllership released new data that indicates confidence levels in environmental, social, and governance financial reporting are low.
2023-06-07T12:00:00Z By Aaron Nicodemus
Respondents to a survey conducted by the International Compliance Association said they were confident they understood and are properly monitoring the social risks in their companies’ supply chains, though blind spots regarding cultures and strategic plans remain.
2024-05-21T12:45:00Z By Ruth Prickett
A recent survey by surveillance technology firm SteelEye found most financial institutions do not monitor their employees’ use of social media or factor in market risks exacerbated by social media posts.
2024-05-14T12:00:00Z By Adrianne Appel
Large public companies say they are prepared to comply with the disclosure requirements of the SEC’s new cybersecurity incident rule, according to a survey conducted by Compliance Week and DLA Piper, but concerns exist that those reports could enhance the threat of future cyberattacks.
2024-05-06T09:45:00Z By Aaron Nicodemus
Few compliance teams describe their access to company data as “robust,” according to a new survey conducted by Compliance Week and NAVEX, while apprehension toward the adoption of artificial intelligence remains a hurdle for the profession to clear.
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