All Compliance Week articles in Web Issue – Page 332
-
Article
TRACE: How the GDPR interferes with anti-corruption compliance
Anti-bribery business association TRACE has submitted its overview of new issues that have emerged in the fight against foreign bribery due to implementation of the EU’s General Data Protection Regulation.
-
Article
SEC charges GT Advanced Technologies with fraud
GT Advanced Technologies is in trouble with the SEC for misleading shareholders about its ability to provide sapphire glass to Apple for its iPhones.
-
Article
Study: Firms pay more than $2K per employee for cyber-security
The cost breakdown of cyber-security for financial institutions is just one of the challenges facing firms.
-
Article
SEC proposes new disclosures for acquisitions, dispositions
The SEC has proposed steps to improve the information investors receive regarding the acquisition and disposition of businesses.
-
Article
Citing misconduct in procurement, Kraft will restate
Kraft Heinz will restate nearly three years of financial results after determining employee misconduct in procurement caused a net $208 million misstatement in product costs.
-
Article
A legacy in cowboy boots
Former CFTC Commissioner Bart Chilton, who died last month, struck more a figure of a rock star than a regulator.
-
Article
New compromise in SEC, Elon Musk battle
A new proposal to combat Tesla CEO Elon Musk’s bad behavior has some at the SEC shaking their heads after Musk breached last year’s SEC agreement.
-
Podcast
Scott Sullivan on compliance lessons from news
Scott Sullivan, former chief compliance officer at Flowserve, explains to columnist Tom Fox how he incorporated the publicized misdeeds of other companies into his compliance training program.
-
Article
Preet Bharara to deliver keynote at CW2019
Former federal prosecutor and best-selling author Preet Bharara will deliver a keynote at the upcoming CW annual conference at the Mayflower Hotel in Washington D.C.
-
Article
Investors don’t mind non-GAAP in CD&A; they want clarity
Lack of clarity in how companies use non-GAAP measures to calculate executive compensation prompted investors to petition the SEC for change.
-
Article
EU data supervisor warns online providers about Ts & Cs
The European Data Protection Supervisor is warning social media and tech companies that their consumer terms and conditions may soon come under increased scrutiny if they fail to comply with the agency’s rules.
-
Article
Wynn Resorts fined $35M for mishandling sexual misconduct complaint
The Massachusetts Gaming Commission on April 30 imposed a $35 million fine on Wynn Resorts and requires it to meet a series of license conditions, including the appointment of an independent monitor.
-
Resource
The Compliance Officer’s Ultimate Compliance Guide
The job of compliance officer has become increasingly dominated by technology and automation. And one under constant pressure from changing regulation globally.
-
Article
Chesapeake Utilities names chief accounting officer
Chesapeake Utilities has appointed Michael Galtman as chief accounting officer. He will report directly to Executive Vice President and Chief Financial Officer Beth Cooper.
-
Article
Butterball names chief risk officer
Turkey producing company Butterball has promoted Suzanne Griffin to the newly created role of chief risk officer, in addition to her current roles as senior vice president and general counsel. Griffin’s appointment now aligns the company’s risk management initiatives across all departments, the company announced.
-
Article
SEC suspends trading for Bitcoin Generation
The Securities and Exchange Commission has temporarily suspended trading for cryto currency market operator Bitcoin Generation while it looks into concerns about information on the marketplace on which investors are relying.
-
Article
Enforcement actions against accountants on the decline
Accountants and auditors are getting a lighter touch from enforcement authorities, according to an analysis that shows actions dropped significantly from 2017 to 2018.
-
Article
Swedbank creates new unit to combat financial crime
As Swedbank faces multiple investigations into money laundering practices, the bank’s acting president and CEO Anders Karlsson recently announced the formation of a new unit to combat financial crime.
-
Article
CFTC proposes to amend derivatives clearing organization regulations
The Commodity Futures Trading Commission on April 29 issued a proposed rule to amend certain regulations that apply to derivatives clearing organizations (DCOs) under Part 39 of the CFTC’s regulations. Part 39 implements the statutory core principles for DCOs.
-
Article
Investors ask SEC to revise non-GAAP rules on comp disclosure
Non-GAAP reporting is obscuring executive compensation disclosures in proxy statements, investors say, and they are asking the SEC to revise its rules.