All Compliance Week articles in Web Issue – Page 585
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Article
Harmonizing corporate disclosure on climate change by making the most of your CDP response
Linking corporate sustainability and good business results is a big part of driving companies to adopt more environmentally responsible outlooks and operational strategies. But there is more than one way to determine that link, and harmonizing the results between various methodologies is key for creating the best kind of sustainability ...
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Blog
Announcing the launch of TalentWave
The strategic merger of ICon Professional Services and Synergy Services now has a new name and a new identity: TalentWave. The union of ICon Professional Services and Synergy Services in October 2015 brings together two strong leadership teams, as well as the people, processes, and technology to address the increasingly ...
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Blog
ISACA provides guide to planning an information system audit
Internal auditors looking to get more involved in information systems audits can turn to a new white paper titled Information Systems Auditing Tools and Techniques: Creating Audit Programs, from ISACA, a global global association of professionals focused on IS audit and control. The paper outlines five steps auditors should take ...
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Blog
SEC claims Navistar, former CEO misled investors about truck engine
Yesterday, the SEC filed an administrative proceeding against Navistar International Corp. alleging that Navistar misled investors when it "failed to fully disclose the company’s difficulties obtaining Environmental Protection Agency (EPA) certification" of a particular truck engine. Navistar agreed to settle the SEC's AP by paying a $7.5 million penalty and ...
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Blog
Brazilian corruption investigation goes supernova
As billionaire construction magnate Marcelo Odebrecht prepares to turn state’s evidence in the corruption investigation that covers Petrobras, Odebrecht SA, and the Brazilian presidency itself, it seems that we might finally get some insight on just how pervasive Brazil’s so-called “cartel of corruption” really was. Is anybody ready to ...
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Blog
FASB simplifies share-based payment accounting
Image: FASB has issued new guidance to smooth over several rough spots in the requirements around stock compensation, such as how to account for the tax consequences of share-based payments, classification of the awards as either equity or liability, and classification on the statement of cash flow. Chairman Russ Golden ...
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Blog
CFTC Commissioner: Regulators should ‘do no harm’ to blockchain
As regulators address the use of blockchain technology by financial institutions, three words should guide their efforts: “do no harm.” That was the message from the Commodity Futures Trading Commission’s J. Christopher Giancarlo during a speech at the 2016 Blockchain Symposium. Regulators should foster, not impede, developments, he said.
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Blog
Are you a Top Mind?
Image: Compliance Week is profiling some of the brightest and most influential thought leaders in the world of governance, risk, and compliance as part of our inaugural Top Minds project—a series of in-depth profiles of corporate compliance officers, advisors, regulators, academics, and other experts to better understand how they view ...
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Blog
GE Capital seeks to shed ‘too big to fail’ status
One day after a federal judge revoked MetLife’s designation as a “systemically important financial institution” by the Financial Stability Oversight Council, GE—specifically the wholly owned subsidiary GE Capital—is requesting that it also be able to shed the classification and increased regulatory demands that come with being “too big to fail.”
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Article
How employee hotlines can improve organizational well-being
According to the CDC, in 1965 more than forty percent of the U.S. population smoked. After decades of persistent education, the general population has come to realize that best practices include healthy decisions; decisions that increase well-being and reduce expenses. Today, less than twenty percent of the population are smokers ...
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Blog
Mutual fund directors grapple with risk, regulation
Complex risks connected to derivatives, liquidity, and trading mean that mutual fund boards must ensure they are equipped to address continuously evolving challenges, while not stepping over the line that divides oversight from day-to-day management. That’s the word from SEC Chair Mary Jo White, who delivered the keynote address at ...
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Blog
SFO general counsel Alun Milford offers details on inner workings of SFO
Image: During remarks at the European Compliance and Ethics Institute conference in Prague, Alun Milford, general counsel for the U.K. Serious Fraud Office, provided some rare insight into the inner workings of the SFO. He also provided some hints on cases that are on the horizon, including “a LIBOR-fixing trial ...
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BlogJudge sides with MetLife in battle over SIFI designation
A federal judge has sided with insurance giant MetLife in its effort to remove the “systematically important financial institution” designation placed upon it in 2014 by the Financial Stability Oversight Council. The ruling is unlikely to mark the end of the battle as the government has the option of either ...
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Blog
German World Cup bid now under FIFA scrutiny
The ongoing FIFA corruption scandal takes on new life as some of the top names in German soccer, as well as sports apparel manufacturer Adidas, appear to be implicated in the 2006 World Cup bid. CW’s Tom Fox reports on this latest ethics investigation.
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Blog
SEC staff call out custom axis tag use in XBRL filings
The SEC is advising companies to take a careful look at their use of axis tags in their XBRL filings. The SEC has been studying corporate filings from 2013 to 2015 in the “XBRL format looking for problems that lead to data quality concerns, with axis tags being one such ...
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Blog
Marsh & McLennan names CCO of Risk and Insurance Services segment
Marsh & McLennan Companies, a global professional services firm, has named Robert Easton as chief compliance officer of the firm's Risk and Insurance Services segment. He reports to Jim McNasby, general counsel for MMC’s Risk and Insurance Services segment.
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Blog
National Retail Properties names chief accounting officer
National Retail Properties, a real estate investment trust, has named Michelle Miller as chief accounting officer.
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Blog
Mid-Con Energy names general counsel and corporate secretary
Mid-Con Energy Partners, a Delaware limited partnership formed in 2011 to own, operate, acquire, exploit and develop producing oil and natural gas properties in North America, has appointed Charles McLawhorn as general counsel and corporate secretary of Mid-Con Energy GP, the general partner of the partnership, effective April 1.
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Article
Loyalty shares v. one share – one vote: The Florange Act
France will experience a sea change in voting rights next month with the passage of the Florange Act. Adopted in 2014, the Act provides for the automatic granting of double-voting rights to stock held by shareholders for at least two years in a row. Rients Abma, executive director of Eumedion, ...