All Compliance Week articles in Web Issue – Page 593
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Blog
FRC issues new Audit Firm Governance Code
The U.K. Financial Reporting Council has updated its Audit Firm Governance Code in an effort to improve investors’ faith in accounting practices. Paul Hodgson reports.
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BlogDeutsche Telekom to study its ethics and compliance culture
Deutsche Telekom is working to boost ethical behavior and foster a speak-up culture within the company to minimize compliance risks. Jaclyn Jaeger reports.
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Blog
Service organizations aren't sure of their assurance to third parties, poll suggests
A Deloitte poll of 2,700 participants says 17 percent believe the amount of requests for assurance reports or compliance questionnaires are too numerous to count. Tammy Whitehouse reports.
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ArticleU.K. CEO pay: rebuilding trust between owners and managers
Two reports issued last week strongly criticized U.K. executive pay. But, perhaps more importantly, both also welcomed many of the new Tory Prime Minister Theresa May’s proposals on pay and corporate governance. Paul Hodgson has more.
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Blog
In the FCPA World, your relationships matter
Do you know the character of those you are in business with from an anti-corruption perspective? Tom Fox looks at the Och-Ziff corruption scandal and what happens if you bring corrupt third parties into a relationship with your company.
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Dominion Diamond appoints new board members
Dominion Diamond, a diamond producing company, has appointed Trudy Curran and Tim Dabson to its board of directors, effective immediately. Curran will also chair the health, safety, and environmental committee.
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Blog
FactorTrust appoints chief compliance officer
FactorTrust, a credit reporting agency, has appointed Barbara Sinsley as general counsel and chief compliance officer. In this role, Sinsley will provide FactorTrust with legal and regulatory guidance and manage the company’s internal and external compliance programs and products.
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Blog
Potential VW criminal resolution—an early test for Yates Memo?
A look at potential VW criminal resolutions brings up several questions, says Tom Fox, around type of resolution; individual liability; and more. Will this test the DoJ’s Yates Memo?
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ArticleNew pay reporting rules could drown employers in costly paperwork
As the federal government tries to squash pay discrimination, the new reporting requirements it might impose would smother employers in costly paperwork. David Bogoslaw explains how bad it might be.
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Blog
Orthofix braces for SEC settlement in FCPA case
Orthofix International has recorded a charge of $4.6 million in the second quarter of 2016 to resolve potential FCPA charges with respect to its subsidiary in Brazil. Jaclyn Jaeger has more.
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Article
Rising cost of SOX compliance is pushing companies to rethink compliance strategies
A recent Protiviti survey notes that the bigger the company, the bigger the SOX compliance costs. Smaller companies audited by regional firms have lighter requirements, writes Tammy Whitehouse, but at the end of the day, SOX compliance is expensive for everybody.
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Blog
SEC: Key Energy to pay $5 million in FCPA case
Key Energy Services will pay $5 million to the SEC in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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Article
Building the relationship between compliance and general counsel
As the roles and responsibilities of compliance and legal overlap, and as the role of the chief compliance officer continues to gain profile, how the CCO and general counsel work together is more important than ever, writes Karen Kroll.
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Blog
The SEC’s summer reading list is not for the faint of heart
Robert Herz reviews the SEC’s recent accounting and enforcement releases, which reveal familiar patterns in corruption, as well as a commitment by the SEC to commence enforcement actions on any accounting and reporting violations it finds.
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ArticleJoel Katz: Walking the talk
Joel Katz’s legal acumen and communication skills have enabled him to build a robust compliance program that blends the hard facts of the law with the soft science of human nature.
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Article
CFPB winds down summer with flurry of rulemaking
Perhaps clearing its plate before November’s elections, the Consumer Financial Protection Bureau has cranked out a variety of rules, proposed rules, and amendments to rules in recent days. Joe Mont looks at what’s next on the agenda.
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Article
SEC crackdown on whistleblower ‘pretaliation’ adds a new twist
A recent enforcement action and settlement by the Securities and Exchange Commission makes it clear that companies shouldn’t try to subvert their successful bounty programs for whistleblowers. Joe Mont reports.
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Blog
Grapevine: Who’s coming and going in compliance
LendingHome, a mortgage marketplace lender, has appointed Cynthia Chen as chief risk officer; Ball Corporation has elected two new board members; and Clear Channel Outdoor Americas has named a new general counsel; Check out the CW Grapevine for the latest personnel moves.
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Blog
Ball Corporation names new board members
Ball Corporation, a supplier of sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government, has elected Cynthia Niekamp, retired senior vice president from PPG Industries, and Daniel Heinrich, former executive vice president and chief financial ...
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Blog
AMC Networks appoints chief accounting officer
AMC Networks has appointed Christian Wymbs as chief accounting officer, effective immediately. He assumes these responsibilities from Sean Sullivan, executive vice president and CFO for AMC Networks.