All Compliance Week articles in Web Issue – Page 679
-
Blog
Preparing for a Busy, and Political, Proxy Season
The 2015 annual meeting season was a whirlwind, driven by surprise voting outcomes and regulatory flip-flops on proxy access. The coming year could be even tougher, because presidential politics promises to turbocharge the corporate governance debate. This week, columnists Stephen Davis and Jon Lukomnik examine some of the likely issues ...
-
Blog
Bristol-Myers Squibb Dodges Criminal FCPA Enforcement
Image: Last week Bristol-Myers Squibb announced that the Justice Department has decided to prosecute the company for a criminal Foreign Corrupt Practices Act. When you look at the facts of the misconduct, a declination seems a bit far-fetched, but our Man From FCPA, Tom Fox, takes a closer look at ...
-
Blog
Millennium Health Appoints New Chief Compliance Officer
Millennium Health, a health solutions company, has appointed Darrell Contreras as its new chief compliance officer. The announcement of Contreras' appointment comes just weeks after Millenium Health reached a $256 million settlement with the government to resolve allegations that it billed for Medicare, Medicaid, and other federal health care programs ...
-
Resource
Selecting Foundational Controls Makes SOX Compliance Easier
Key components of regulatory compliance include being able to demonstrate the use of appropriate IT-related internal controls that mitigate fraud risk, and the implementation of necessary safeguards for legally protected information that’s electronically stored and transmitted. Read this Dell white paper for a look at SOX security compliance from an ...
-
Resource
Selecting Foundational Controls Makes PCI DSS Compliance Easier
Key components of regulatory compliance include being able to demonstrate the use of appropriate IT-related internal controls that mitigate fraud risk, and the implementation of necessary safeguards for legally protected information that’s electronically stored and transmitted. Read this Dell white paper for a look at PCI DSS security compliance from ...
-
Blog
Volkswagen Disputes New EPA Allegations
The Environmental Protection Agency today issued a second “notice of violation” of the Clean Air Act, alleging that Volkswagen developed and installed a defeat device in certain VW, Audi, and Porsche light-duty diesel vehicles equipped with 3.0 liter engines for model years 2014 through 2016. These alleged violations are in ...
-
Blog
Porsche Suspected of ‘Defeat Devices’ in Diesel Models
The Environmental Protection Agency has slapped additional charges against Volkswagen after the agency found that its subsidiary, Porsche, has been equipped with “defeat devices” to evade emissions tests. A notice of violation on the EPA’s website confirms that the regulator found 2014 to 2016 VW, Audi, and Porsche models ...
-
Blog
Customers Expected to Stay With Big U.K. Banks Despite the CMA’s Move to Improve Competition
A report by research firm Pinset Masons and YouGov, reveals that 16 percent of customers would likely switch to a “challenger bank” like Metro or TSD within the next two years. These findings come after the British Competition Authority’s recommended the country’s biggest lenders to provide more information around ...
-
Blog
Banks Could Face Long-Term Debt Requirements
Unveiling yet another rulemaking effort to end taxpayer bailouts when large banks fail, the Board of Governors of the Federal Reserve has proposed an increase in the loss absorbing capacity of systemically important U.S. bank holding companies and the domestic operations of smilarly designated foreign banks. Covered institutions would be ...
-
Blog
The Big Lesson From Compliance Week Europe
Image: The Compliance Week Europe conference last week was a smashing success—a large turnout, of compliance professionals from across Europe (and beyond), who had vigorous discussions on all manner of topics, capped with great Belgian beer. Still, Compliance Week editor Matt Kelly writes, the most important lesson from our Europe ...
-
Resource
GRC Capabilities Illustrated Series: Perform GRC Actions and Controls for Principled Performance
Principled performance is all about being able to reliably achieve objectives while addressing uncertainty and acting with integrity. You need to address threats, opportunities, and requirements by encouraging desired conduct and conditions and preventing what is undesired. Performing the right management actions and controls over business operations, risk, and compliance ...
-
Blog
FINRA Chairman to Retire in 2016
The Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms doing business in the United States, recently announced that Chairman and CEO Richard Ketchum has announced his plan to retire in the second half of 2016. The Board of Governors will conduct a search for his ...
-
Blog
Fitch Ratings Appoints Chief Compliance Officer
Fitch Ratings has appointed Jeff Horvath as chief compliance officer, effective Nov. 2. He will be responsible for developing global compliance strategy and directing and monitoring Fitch's overall compliance program and will report to John Olert, chief risk officer of the Fitch Group. More inside.
-
Resource
e-Book: Making the Leap From Compliance to ERM
For compliance and audit executives, deciding on the right enterprise risk management (ERM) structure can be a challenge—especially as the risk landscape continues to evolve with a fierce focus on anti-corruption, anti-money laundering, and cyber-security. The trick is moving from the compliance routines of today to a more coherent ERM ...
-
Blog
McGladrey Changes Name to RSM
RSM U.S. (formerly McGladrey), a provider of audit, tax and consulting services, has launched its new brand, which unites fellow firms from more than 110 countries in the RSM International network under a common brand, by issuing the first global edition of The Real Economy. The unified brand is part ...
-
Blog
457 Hospitals to Pay $250M in False Claims Act Case
The Department of Justice today reached 70 settlements totaling more than $250 million involving 457 hospitals in 43 states to resolve allegations that these hospitals implanted cardiac devices in Medicare patients in violation of Medicare coverage requirements. “In terms of the number of defendants, this is one of the largest ...
-
Blog
SEC Approves Crowdfunding, Plots Changes to Reg D Offerings
Nearly four years in the making, the SEC has approved Regulation Crowdfunding, permitting startups and small businesses to raise capital by offering and selling securities through crowdfunding. The Commission also advanced proposals that, if approved at a later date, will amend rules pertaining to capital formation through the Regulation D ...
-
Blog
The UN, Corruption, and Internal Investigations
Image: Another corrupt scandal hit the United Nations recently. The claim was made that a former General Assembly president had engaged in receiving bribes and other corruption from a Chinese businessman (and perhaps others). Other than yet another embarrassment for the United Nations, the allegations are nothing unusual so far. ...
-
Blog
Justice Department Ends Bristol-Myers Squibb FCPA Probe
The Department of Justice has ended its investigation into allegations that pharmaceutical giant Bristol-Myers Squibb violated the Foreign Corrupt Practices Act. Earlier this month the company reached a $14 million settlement with the SEC for FCPA violations relating to certain sales and marketing practices in China. More inside.