All Compliance Week articles in Web Issue – Page 635
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Article
Is the French governance code about to become more shareholder-friendly?
Image: French financial markets regulator Autorité des Marchés Financiers has issued a report comparing countries’ various corporate governance codes, and it looks as if France has some work to do. While the AMF won’t be rewriting France’s code, says spokeswoman Christèle Fradin, it would like their suggestions taken into account, ...
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Blog
Accounting class actions rise again in 2015, analysis shows
Accounting-related class-action settlements jumped to $2.6 billion in 2015, with 86 percent of the cases involving allegations of internal control weaknesses, according to the latest analysis by Cornerstone Research. The largest increase in settled cases in 2015 involved cases where investors raised allegations of internal control weaknesses but the company ...
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Article
Market shifts, SEC priorities spark debate of FINRA’s future
Changes may be afoot at the Financial Industry Regulatory Authority as Congress and others ponder whether its duties should expand, compress, or just be folded into the Securities and Exchange Commission. Amid the debates one thing is clear: FINRA is doubling down on its enforcement efforts.
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Blog
Seven myths of boards of directors
Various myths surround corporate governance, especially when it comes to the accusations levied by institutional investors and others on the governance scene. CW columnist Rick Steinberg examines three such myths in the first of a two-part series, as he addresses to what degree accusers are seeking to hold boards to ...
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Article
To be a great internal auditor, be a great communicator
For internal audit leaders to deliver the most value to their audit committees, they need to develop a suite of skills that are not always stressed as being part of the audit profession. But without great communication and presentation skills to present their findings, auditors can’t be truly great at ...
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Blog
The other cleat drops in the FIFA corruption probe
Image: The FIFA corruption probe has shifted to U.S. corporations that did business with FIFA, regional soccer federations, and national soccer organizations, prompting some companies, including Nike, DirectTV, and Standard Chartered, to start their own internal investigations. The message is quite clear for those U.S. companies with affiliations to soccer ...
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Article
Unaoil bribery scandal offers harsh lesson in due diligence controls
Image: CCOs can learn a lesson or two from the massive media-leaked bribery and corruption scandal surrounding Monaco-based Unaoil. “Unaoil’s due diligence reports contained a number of items that increased their risk level substantially, but there was no credible evidence of bribery or other misconduct,” says Alexandra Wrage, president of ...
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Blog
Aerojet Rocketdyne names general counsel and corporate secretary
Aerojet Rocketdyne Holdings on April 11 appointed Arjun Kampani as general counsel and corporate secretary. Kampani most recently served as vice president, general counsel and corporate secretary for General Dynamics Land Systems.
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Blog
Accellion adds security features to further safeguard data
Accellion, a provider of private cloud solutions for secure file sharing and collaboration that ensures data security and compliance, announced the addition of several key security features to its kiteworks secure content platform to further safeguard enterprise data from a costly data breach.
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Blog
SEC launches new calculation tool for filing fees
The Securities and Exchange Commission has released a new online tool to help companies calculate registration fees for form submissions to EDGAR, its electronic database of financial reports and other filings. The new Registration Fee Estimator is intended to improve the accuracy of fee calculations and minimize the need for ...
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Blog
LockPath launches Keylight Version 4.4
LockPath, a provider of GRC solutions, recently announced significant enhancements to its Keylight Platform. In version 4.4 of Keylight, LockPath extends the functionality of its Dynamic Content Framework across the entire platform.
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Blog
NICE Actimize launches AML cloud solution
NICE Actimize, a NICE Systems business and provider of financial crime, risk and compliance software for the financial services industry, announced the launch of its Actimize AML Essentials Anti-Money Laundering Cloud solution, providing end-to-end packaged AML compliance capabilities designed specifically for the unique needs of mid-sized financial institutions.
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Blog
MediaPro launches Adaptive Awareness Framework
MediaPro, a security awareness training firm, recently unveiled the Adaptive Awareness Framework, designed to change the way organizations have approached security, privacy, and compliance training. The Adaptive Awareness Framework, MediaPro’s proprietary model for supporting tools needed to expand employee knowledge and change behavior, is closely aligned with and in support ...
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Blog
Goldman Sachs hit with $5 billion settlement
The Justice Department last week announced a $5 billion settlement with banking giant Goldman Sachs to resolve claims related to its packaging, securitization, marketing, sale, and issuance of residential mortgage-backed securities. The resolution requires Goldman to pay $2.4 billion in a civil penalty under the Financial Institutions Reform, Recovery and ...
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Blog
Duke Energy forms new Business Transformation and Technology group
Duke Energy, an electric power holding company, announced the creation of a new “Business Transformation and Technology” group. This group will be comprised of the company's existing information, technology and security organizations, as well as resources dedicated to business transformation.
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Blog
Carnival chief accounting officer resigns
Carnival, a cruise line company, said in a regulatory filing that Chief Accounting Officer and Controller Larry Freedman has resigned.
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ArticleMossack Fonseca leak prompts global compliance crackdown
While politicians draw fire for their connections to shell companies, regulators and legislators are threatening to take action. CW’s Joe Mont says to expect plenty of renewed scrutiny on beneficial ownership data, attacks on U.S. incorporation laws, and a focus on how firms conduct due diligence on third parties, business ...
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Blog
The compliance side to Obama’s new tax incentives
At the end of 2015, President Obama signed into law a number of federal tax incentives for businesses to encourage various hiring, training, and investing practices. But there are special compliance considerations that come with all of these programs. CW Editor Bill Coffin offers a closer look.
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Blog
What does the controversial pay raise for BP’s CEO mean for compliance?
Image: What are the implications of CEO pay during an economic downturn for your compliance program? In this piece, the Man From FCPA Tom Fox explores that question in the context of BP’s recent pay raise given to Bob Dudley, who, as CEO, laid off thousands of employees and saw ...