All Compliance Week articles in Web Issue – Page 681
-
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 ...
-
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 ...
-
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,” ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
Blog
Axway Launches New 'Analytics for Industries' Initiative
Software company Axway this month announced a new initiative to deliver "Analytics for Industries," a combination of analytics powered by Axway Decision Insight and expert best practices, to provide packaged dashboards tailored for specific industry processes, making it faster and easier for operations teams to make data-driven decisions to help ...
-
Blog
Ideagen Releases Latest Version of Auditing Software Pentana
Ideagen, a supplier of compliance-based information management software, has announced the latest release of its auditing software, Ideagen Pentana. Ideagen Pentana 4.1 brings with it a series of functional enhancements that will help internal audit and risk departments save time, increase efficiency, and maximize the power of collaborative working.
-
Blog
Ridge Global Partners With NAVEX Global to Address Gaps in Cyber-Security Programs
Ethics and compliance software and services provider NAVEX Global and risk management company Ridge Global recently announced a partnership that will initially focus on delivering online training courseware to help companies educate their workforces on the growing risks associated with cyber-security and arm them with the tools they need to ...
-
Blog
Social Media: #Compliance Buzz
Trending online are the #Compliance and #Corpgov hashtags that compliance officers and governance practitioners around the world often turn to for emerging trends and latest news. Whether it’s sharing ideas about the ever-changing regulatory landscape or covering industry-related events, both hashtags are known to provide real-time information. This ...
-
Blog
Wolters Kluwer ELM Solutions Releases Passport GRC Third-Party Risk Monitor Module
Wolters Kluwer ELM Solutions (formerly Datacert and TyMetrix), an Enterprise Legal Management software and services provider, recently release its Passport GRC Third-Party Risk Monitor Module. The new module is an extension of Passport GRC, the company's comprehensive, platform-based framework for managing broad governance, risk, and compliance (GRC) programs. Details inside.
-
Blog
SEC: First-of-Their-Kind Actions Take the Spotlight in 2015
The Securities and Exchange Commission continued to build a strong record of first-of-their-kind cases that spanned the spectrum of the securities industry, according to the agency’s fiscal year 2015 enforcement report. The SEC filed 807 enforcement actions, obtaining approximately $4.2 billion in disgorgement and penalties—an increase from the 755 enforcement ...