All Compliance Week articles in Web Issue – Page 217
-
Article
Genuine Parts Company appoints chief accounting officer
Genuine Parts Company announced the appointment of Napoleon Rutledge as chief accounting officer, in addition to his current role as senior vice president of finance.
-
Article
Baker Hughes facing sanctions-related SEC probe
Baker Hughes is being investigated by the SEC related to “books and records and internal controls regarding sales of its products and services in projects impacted by U.S. sanctions.”
-
Article
FERF study: Average audit fees inch higher in 2019
In the 11th edition of its annual public company audit fee study, the Financial Education & Research Foundation reported an increase of 6 percent in average audit fees largely due to expanded scope.
-
Article
SEC halt on ‘meme stocks’ just the beginning of GameStop fallout?
The SEC over the last month has suspended trading on securities offered by 21 companies in reaction to market volatility caused by “apparent social media attempts to artificially inflate their stock price.” Could the trend lead to further regulation?
-
Article
Pilgrim’s Pride pays $108M in price-fixing scandal
Pilgrim’s Pride has become the first company to plead guilty for its role in a conspiracy to fix prices and rig bids in the broiler chicken industry and will pay a $108 million criminal fine.
-
Article
Robinhood, FINRA discussing settlement over 2020 outages
Online stock-trading platform Robinhood said it may face at least $26.6 million in costs related to resolving investigations by FINRA concerning its options-trading practices and outages its platform suffered last year.
-
Article
Banks filing more SARs amid pandemic; is this the right approach?
An increase in the submission of suspicious activity reports for cash values that fall under the mandatory $10,000 transaction reporting threshold last year is a proactive step by banks, but more can always be done, writes Martin Woods.
-
Article
La-Z-Boy names chief compliance officer, general counsel
Furniture company La-Z-Boy announced Raphael Richmond, senior director of corporate compliance and employment law, will succeed Stephen Krull as vice president and general counsel. Richmond will also hold the role of chief compliance officer.
-
Article
Texas Capital Bank appoints chief risk officer
Texas Capital Bank and its parent company Texas Capital Bancshares announced Tim Storms has been named chief risk officer of both companies.
-
Article
TikTok $92M settlement includes data privacy compliance training program
TikTok is seeking preliminary approval of a class-action settlement with terms that would require the video sharing platform to establish a $92 million settlement fund and create a new compliance framework, according to court documents.
-
Article
Grant Thornton adds risk to chief compliance officer’s title
Grant Thornton appointed Beatrix Bernauer to serve as the firm’s first chief risk officer, in addition to her current role as chief compliance officer.
-
Video
Video: SEC on right path with climate disclosures; alleged privacy lapses at Amazon troubling
Aaron Nicodemus applauds the SEC for taking steps to clarify how companies should disclose economic risks posed by climate change, while Dave Lefort is critical of alleged lapses in data security at Amazon.
-
Article
Ireland GDPR report: Big fines coming soon for Big Tech?
Ireland’s data regulator has 27 ongoing cross-border inquiries into Big Tech firms, according to its latest annual report. It expects several cases to be resolved in the coming year.
-
Article
EY Germany changes leadership in wake of Wirecard scandal
Hubert Barth, head of EY’s Germany practice for the past five years, will step down and take on a “new role at the European level” as the firm seeks to restore its tarnished reputation following its missteps leading up to the collapse of Wirecard.
-
Sponsored
The Slack Field Guide for Compliance Teams
Even before a global pandemic transformed the workplace, team collaboration tools like Slack were already changing how employees communicate and collaborate. But as indispensable as a tool like Slack can be, it’s use also has some serious implications: Like email and other modern data sources, Slack content has to be ...
-
Article
SEC charges Gulfport, former CEO with failing to disclose executive perks
The SEC settled charges against gas exploration and production company Gulfport Energy and its former CEO Michael Moore for failing to properly disclose as compensation certain perks provided to Moore and related personal expenses.
-
Article
SEC takes first step toward new framework for climate-related disclosures
If there were any doubts the SEC under the Biden administration will increase its expectations of public companies to assess and disclose climate change-related risks, they were laid to rest Wednesday.
-
Article
Samsung Heavy Industries settles Brazil bribery probe for $150M
Samsung Heavy Industries will pay 812 million reais (U.S. $149.9 million) in a leniency deal with Brazilian enforcement authorities for acts of corruption and money laundering related to “Operation Car Wash.”
-
Article
Former KPMG auditors suspended for improper conduct during college audit
Former KPMG Partner Christopher Stanley and Senior Manager Jennifer Stewart were suspended by the SEC for improper professional conduct during an audit of the now-defunct College of New Rochelle.
-
Article
HSBC promotes group compliance chief to executive role
HSBC announced the promotion of Group Chief Compliance Officer Colin Bell to CEO of HSBC Europe and HSBC Bank amid a flurry of senior management changes.