All Compliance Week articles in Web Issue – Page 598
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Blog
SEC’s White offers insight on 2016 priorities
In a wide-ranging conversation at Northwestern University, SEC Chairman Mary Jo White detailed her thoughts on a variety of topics, offering fresh perspective on agency priorities for the months ahead, including the ongoing disclosure effectiveness review, a new accredited investor definition, and the “clawback” rule for executive compensation.
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Blog
FASB hits pause on revenue recognition disclosure provision
Image: FASB met recently to consider proposed guidance around collectibility, non-cash consideration, contract modifications, and more. It did not come to a final decision, however, on whether to add a practical expedient to certain disclosure requirements regarding remaining performance obligations. FASB member Marc Siegel offered some concern: “We tried to ...
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Blog
AIMCo Names Chief Risk Officer
Alberta Investment Management Corporation (AIMCo), a Canada-based institutional investment management firm with approximately $90 billion of assets under management, has appointed Remco van Eeuwijk as chief risk officer, effective May 2. Reporting to Chief Executive Officer Kevin Uebelein, he will join AIMCo's executive committee.
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Blog
FBD Holdings Names Chief Risk Officer
FBD Holdings, an Irish insurance company, this week named David Costello as chief risk officer for its FBD Insurance business, effective Feb. 22. Costello will join FBD from Allianz Worldwide Care, where he is head of actuarial services for the past nine years and a member of the executive management ...
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Blog
Axiom Bank Names Chief Risk Officer
Axiom Bank has named Penny Sanders as chief risk officer. She replaces Ronald Strand-Sorrell, who has moved to the position of executive vice president, chief operations officer.
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Blog
Rabobank Names Chief Risk Officer
The Supervisory Board of Rabobank has nominated Petra van Hoeken as chief risk officer and member of its executive board. Her nomination will be submitted for regulatory review and for advice from the Works Council.
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Blog
Pfizer Names Executive Leadership Team Following Allergan Merger
Pfizer this month announced the executive leadership team for the combined Pfizer and Allergan business, following the close of the proposed transaction. Pfizer and Allergan will continue to operate as two separate companies until the close of the transaction, which is expected in the second half of 2016, subject to ...
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Blog
Coast Capital Savings Names Chief Risk Officer
Coast Capital Savings, Canada's largest credit union by membership, this month appointed Bruce Schouten as chief risk officer. Schouten recently held senior positions at OSFI (Office of the Superintendent of Financial Institutions) and TD Bank, where he helped to build, and led for several years, the enterprise risk management function ...
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Blog
Survey: public underestimates CEO pay, still outraged
Image: A recent survey of 1,202 individuals by Stanford University’s Rock Center for Corporate Governance shows the American public believes CEOs take home much more in compensation than they deserve. “While we find that members of the public are not particularly knowledgeable about how much CEOs actually make in annual ...
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Blog
The Bancorp Names Chief Compliance Officer
The Bancorp has appointed Sepideh Behram to chief compliance officer, as the company works to revamp its compliance and risk program after resolving a settlement with the Federal Deposit Insurance Corporation in December.
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Resource
5 Key Things Your “Policies Policy” Must Have
Your policies and procedures tell your employees, partners, customers, and vendors how you operate–from the offers you price, to the credit you extend, from the trades you conduct to the parties you hire.With so much at stake, and all of it within a fluid context of changing regulations and expectations, ...
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Blog
The Greek Culture of Corruption
Envelopes stuffed with cash and entire industries poised to take action against the first sign of whistleblowing are just two of the hallmarks of the endemic corruption that bedevils the entire Greek economy. What can be done when compliance isn’t just absent in a country, but actively avoided as a ...
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Blog
SEC Names O’Riordan and Patel Associate Dirs. for Enforcement in L.A.
C. Dabney O’Riordan and Alka Patel have been named Associate Directors for Enforcement in the SEC's Los Angeles Regional Office, where they will oversee that office’s enforcement’s efforts in southern California, Arizona, Nevada, and Hawaii.
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Article
Regulating the way to equal pay
Image: The Equal Employment Opportunity Commission this month proposed two controversial pay equity reporting requirements that effectively would impose burdensome new compensation collection obligations on companies with at least 100 employees, and federal contractors with at least 50 employees, starting in 2017. “This information will assist employers in evaluating their ...
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Blog
Monsanto settles $80 million accounting charges with SEC
Image: Without admitting or denying wrongdoing, Monsanto Co. has agreed to an $80 million settlement with the Securities and Exchange Commission over charges that it failed to properly report millions of dollars in rebates related to its Roundup weedkiller product line. “This type of conduct, which fails to recognize expenses ...
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Blog
White House plan would double SEC’s budget by 2021
Don’t expect the proposal to emerge unscathed from its trip through partisan debate, but a budget plan announced this week by President Obama would provide the SEC and Commodity Futures Trading Commission the biggest boost to their bottom lines in recent years, with plans to double their fiscal year 2015 ...
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ArticlePreventing a payment card hack
Point of sales systems are the weak link in the chain when it comes to retail cyber-security. Recent data breaches at a number of prominent companies—including three in January alone—highlight the ever-increasing stakes for any organization responsible for handling customer data. Increasingly this is an issue that a strong compliance ...