All Compliance Week articles in Web Issue – Page 582
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Blog
Top CEO pay not always result of shareholder return
Joe Mont explores new research from The Conference Board that says CEOs at the nation’s top companies have landed atop the list of the 25 highest paid executives every year since 2012, a trend that may have little to do with the price of company stock.
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Blog
FASB pushes change to accounting for long-duration insurance
FASB has proposed a big change in accounting for insurance companies that deal in long-duration contracts like life insurance, annuities, disability, and long-term care. Tammy Whitehouse reports.
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Blog
CW to publish one day late
Note: Compliance Week will publish one day late on Wednesday, Oct. 12, due to the Columbus Day holiday.
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Blog
Amid Hurricane Matthew, banks reminded of post-disaster best practices
With Hurricane Matthew charting a destructive path aloong the U.S. coastline, the Office of the Comptroller of the Currency has some pre- and post-disaster guidance for affected banks. Joe Mont reports.
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Blog
OCC crafts guidance on correspondent banking risk
The Office of the Comptroller of the Currency has issued risk management guidance that addresses periodic reevaluations of the risks associated with foreign correspondent banking accounts. More from Joe Mont.
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Blog
Illinois is latest state to ban business with Wells Fargo
Illinois State Treasurer Michael Frerichs has suspended $30 billion in investment activity with Wells Fargo, joining California in taking punitive actions against the bank in response to its recent troubles.
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Blog
Say goodbye to 'Tandy' language in comment letters
Tandy representations—an attestation that comment letter reviews by SEC staff cannot be used as a legal defense—are no longer needed in filings, according to new guidance from the Division of Corporation Finance.
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Blog
CAQ gives auditors some year-end planning tips
Companies beginning to prepare for year-end audits can get a sense of what might be on their auditors’ minds through a new alert from the Center for Audit Quality. More from Tammy Whitehouse.
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ArticleU.K. debate on corporate culture rolls on
U.K. corporate culture has remained largely unchanged since the financial crisis, but a variety of forces are aiming to change that, and soon. Neil Hodge reports.
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Blog
CFPB extends its reach to prepaid products
Joe Mont looks at new CFPB rules for prepaid financial products—including innovative online and mobile offerings from PayPal, Google, and Apple—that will require enhanced customer protections.
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Blog
IoD rates FTSE 100’s corporate governance
Paul Hodgson looks at results from the Institute of Directors’ recent survey that ranks the FTSE 100’s corporate governance methodologies. See who scored highest and who has more room for improvement.
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Article
New SEC rules for securities clearing agencies may benefit EU banks
The SEC’s new rules for enhanced operational and governance standards for systematically important securities clearing agencies might just save EU banks billions of dollars in capital surcharges. Joe Mont reports.
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Blog
AICPA issues 7 new drafts on revenue recognition questions
Tammy Whitehouse looks at the AICPA’s seven new working drafts to address some of the hardest revenue recognition questions in software, telecommunications, and other sectors.
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Blog
CFPB updates exam procedures for Military Lending Act
The Consumer Financial Protection Bureau has announced the procedures its examiners will use when identifying consumer harm and risks related to the Military Lending Act. Joe Mont has more.
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Blog
Peapack-Gladstone Financial appoints chief accounting officer
Peapack-Gladstone Financial, a bank holding company with total assets of $3.6 billion as of June 30, and Peapack-Gladstone Bank has appointed Francesco Rossi as senior vice president and chief accounting officer of the company and the bank.
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Blog
Cognizant self-discloses FCPA investigation
Cognizant Technology Solutions said in a recent regulatory filing that it is conducting an internal investigation to determine whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.
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Blog
Western World Insurance Group appoints director of risk management
Western World Insurance Group, a wholly-owned subsidiary of Validus Holdings, announced the appointment of Arya Yarpezeshkan as senior vice president, director of risk management, effective as of Oct. 3.
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Blog
Marvell Technology appoints chief accounting officer
Marvell has appointed Dave Caron as corporate controller and chief accounting officer.
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Blog
New rule requires sick pay for government contractors
A new rule issued by the Department of Labor will require federal contractors to provide paid sick leave to employees who work on, or in connection, with government contracts. Joe Mont reports.
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Article
Yahoo breach shows that boards may be their own worst enemy
Yahoo’s recently disclosed breach of at least 500 million user accounts underscores the risks board members create for the companies they serve by using free e-mail services. More from Joe Mont.