All Compliance Week articles in Web Issue – Page 670
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Article
Let’s Change the Way We Talk About Controls
This month’s edition of the GRC Illustrated Series from Compliance Week and OCEG discusses how to address threats to the company while recognizing opportunities. Inside, learn about the integrated approach to an internal control environment that uses proactive, detective, and responsive management actions and controls to achieve principled performance.
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Blog
New Database Tracks SEC Enforcement Actions Against Public Cos.
A new, publicly-available database known as "SEED" tracks SEC enforcement actions against public companies. The database, from NYU and Cornerstone Research, will also provide the basis for ongoing academic analysis of trends in SEC enforcement.
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Blog
The U.S. Financial Reporting System, Circa 2015: Are We OK?
Not long ago a foreign student in financial reporting put a question to columnist Robert Herz: Why is the United States falling behind in financial reporting? The questioner cited three points—accounting standards, expanded audit reports, and sustainability reporting—as reason for his position. This week, Herz re-examines U.S. performance on those ...
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Blog
SEC Readies Crowdfunding Rule for Friday Vote
The wait is over. On Oct. 30, the Securities and Exchange Commission will vote on long-delayed rulemaking, mandated by the JOBS Act,that will allow for the offer and sale of securities. A proposed rule, dating back to October 2013, established guidelines for investors and rules for issuers that want ...
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Blog
Northern Powers Systems General Counsel to Resign
Northern Power Systems, a next generation renewable energy technology provider, announced that Elliot Mark, vice president, general counsel, and corporate secretary, has provided written notice of his intent to resign his positions, effective Nov. 13.
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Blog
Datamyne Acquires Zepol
Datamyne a global business intelligence based on multinational trade data, announced that it has completed the acquisition of Zepol, a Minneapolis-based provider of online trade data tools. More inside.
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Blog
Voya Financial Names New Chief Accounting Officer and Controller
Voya Financial has appointed C. Landon Cobb as chief accounting officer and controller, effective Nov. 1, 2015. Cobb, who has more than 20 years of accounting experience in the insurance and financial services industries, will report to Chief Financial Officer Ewout Steenbergen. More inside.
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Blog
The Schrems Decision and Compliance
Image: While the recent Schrems decision has seen a signifcant focus on the lack of U.S. data privacy protection from government or company intrusion, CW’s FCPA blogger Tom Fox says the decision also raises issues with hotlines and internal investigations. With these two key components of any best practices ...
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Resource
Challenged by the OFAC 50% Rule?
Is your organization depending on self-reported data to onboard, monitor, and assess risk? Updated Office of Foreign Assets Control (OFAC) guidance from the Department of Treasury has pushed businesses to have rigorous due diligence measures in place to understand the corporate ownership structure of their partners, third parties, customers, and ...
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Blog
More Thoughts on How Boards Address Risk Management
Image: Following up on his recent columns on audit risk and company culture, this week CW editor Matt Kelly examines how often the compensation committee talks about risk. A look at the compensation committee charters for the Fortune 50 revealed some depressing results—12 company charters completely omitted the word, “risk,” ...
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Blog
Rep. Garrett Proposes Game-Changing Legislation for SEC APs
Image: Rep. Scott Garrett (R-N.J.) has proposed the “Due Process Restoration Act,” which would provide parties to administrative proceedings the option to have their case heard in federal court, and also impose a higher burden of proof on the SEC in its “APs.” The bill is a response to the ...
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Blog
New Partners Join EY's Fraud Investigation & Dispute Services Practice
Ernst & Young this week announced that Jennifer Baskin and Stephen Spiegelhalter have joined its Fraud Investigation & Dispute Services practice as partners in the firm’s Washington, D.C. office. Baskin and Spiegelhalter both previously worked in the federal government offices that have sole jurisdiction over prosecutions of violations of the ...
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Blog
Daimler Integrity Executive Joins Volkswagen Amid Emissions Scandal
Christine Hohmann-Dennhardt, who currently serves as a member of the board of management of Daimler for integrity and legal affairs, is leaving her post there to assume the same role at competitor, Volkswagen. Daimler agreed to terminate Hohmann-Dennhardt's contract early, which was supposed to run until Feb. 28, 2017. More ...
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Blog
Regulators Boost Swap Collateral Demands, Cut End-Users a Break
Banking regulators have approved a final rule that establishes new collateral demands for swaps that are not cleared through a clearinghouse. The FDIC projects that the new requirement will add roughly a 30 percent premium to traditional swap margin requirements. A related interim final rule exempts swaps with a financial ...
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Blog
GM Announces Two Executive Appointments
General Motors this week appointed Ann Cathcart Chaplin as deputy general counsel for litigation, effective Dec. 14. She will report to Craig Glidden, executive vice president and general counsel. In addition, Jeffrey Taylor is joining the company, effective Nov. 1, as deputy general counsel for federal oversight. He will ...
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Blog
GFT Partners With EDM Council to Help Banks Assess Data Quality
GFT, a business, design and technology consultancy working with the top ten global investment banks, announces their partnership with the Enterprise Data Management (EDM) Council to support firms in the adoption of best practices for data management. Part of the service is the offer of a health check for banks ...
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Blog
SEC Rethinks Proxy Exclusions, Takes Pro-Shareholder Approach
The SEC’s Division of Corporation Finance has clarified its application of Rule 14a-8(i)(9), which permits the exclusion of shareholder proposals that conflict with the company’s own proposals. After months of debate, the SEC stopped issuing these no-action letters for the 2015 proxy season while it reviewed the process. Moving ...