All Compliance Week articles in Web Issue – Page 683
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Blog
FASB Simplifies Presentation of Debt Issuance Costs
FASB has approved a measure to revise the presentation of debt issuance costs. Financial statement preparers told the board that existing rules establishing different balance sheet presentation requirements were unnecessarily complicated. FASB now says companies should treat debt issuance costs as they do debt discounts in the balance sheet, deducting ...
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Blog
International Speedway Appoints New Board Member
International Speedway Corporation this week announced the appointment of Larree Renda, executive vice president of Safeway, and the re-election of four members to the company's board of directors. Details inside.
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Resource
The Elements of Privacy Risk – GRC Illustration
Organizations that handle personal information face increasingly complex challenges to effectively manage privacy risk and compliance. The impact of these challenges covers the entire information life cycle.Whether information is collected to support individual transactions, conduct research or meet legal requirements, the duty to keep that information secure and private arises. ...
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Blog
Publicis Groupe Appoints General Counsel
Paris, France-based Publicis Groupe, a digital, technology, and consulting company, has appointed Joseph LaSala general counsel. He replaces Eric Antoine Fredette, who is moving on to a new career opportunity.
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Blog
France Lags Behind in Global Corruption Fight
France has drawn international attention amid a string of scandals that engulfed some of the country’s largest companies. When compared to the United States, experts believe that French authorities are more lenient on wrongdoing. The Organization of Economic Cooperation and Development is “seriously concerned” by the country’s “lackluster response” toward ...
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Blog
New Disclosures for U.K. Companies on Owner Registry
The British Parliament recently signed off on new legislation that calls for more information about the true owners behind U.K. companies. According to Transparency International, the U.K.’s property market is a conduit for “corrupt capital stolen from around the world.” Current regulations allow U.K. properties to be owned by secret ...
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Blog
AOL Chief Compliance Officer Joins Panasonic as General Counsel
Panasonic Corporation of North America, the principal North American subsidiary of Japan-based Panasonic, has appointed Damien Atkins as general counsel and corporate secretary. Atkins joins Panasonic from AOL, where he served as deputy general counsel and chief compliance officer.
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Blog
FASB Shifts Gears on Cash-Flow Classification Issues
Image: FASB has asked its Emerging Issues Task Force to dig into nine specific cash-flow issues to see if it can suggest some changes to existing guidance to make this area of accounting more straightforward. “We’re going to continue with the project, but change the dynamic,” said FASB Chairman Russ ...
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Resource
Meet Dodd-Frank Act Recordkeeping Requirements
Dodd-Frank regulations have introduced wide-ranging legal, regulatory, and policy changes that impact how financial institutions manage their enterprise information. These include:Record retention of all related electronic communications24-72 hour regulatory request responseRegulator access to all related transaction informationEvent reconstruction with intelligent contextHP invites you to learn more about these issues and ...
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Article
PCAOB Inspection Data: Shifting Standards, Shifting Insights
Image: If you want to be panicky or cynical about audit firms’ performance, citing failure rates in PCAOB inspection reports is a great way to do it. The truth is more complex. In Part II of our series looking at PCAOB inspection data, we delve into how inspections have changed ...
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Article
Smarter Approaches to Regulatory Change Management
Image: New regulations gush like a flood these days, forcing compliance officers to think of new ways to manage the current. Inside, we look at the IT strategies necessary to digest regulatory changes, plus the policy and procedure techniques to involve more parts of the enterprise. “It needs to be ...
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Article
Q&A: Talking Insurance Industry Compliance
Image: As part of our occasional series of conversations with compliance executives, we caught up with Lee Augsburger, chief ethics and compliance officer at Prudential Financial and vice chairman of the newly established Global Insurance Chief Compliance Officers Forum. Inside, Augsburger talks about the objectives of the group and how ...
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Article
Dodd-Frank’s Diversity Disclosures Draw Nearer
Image: While you were worrying about conflict minerals, CEO pay ratios, and the Volcker Rule, another disclosure requirement from the Dodd-Frank Act has been quietly approaching. Any day now, regulators hint, final rules will emerge for how companies assess and report workforce diversity. “A lot of people just weren’t paying ...
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Blog
Pssst: Socially Responsible Investors Are Racking Up Wins This Year
In this proxy season dominated by talk of shareholder proxy access and executives’ accountability, you may not have noticed that socially responsible proposals—particularly around climate change—are achieving one win after another. This week, columnists Stephen Davis and Jon Lukomnik survey the scene of SRI activism and its effect on governance ...
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Article
Monitoring Your Anti-Retaliation Program
Complaints of whistleblower retaliation are a persistent problem in Corporate America, and all the more irritating for companies that may believe they have solid anti-retaliation programs in place. Inside, we walk through the harder part of anti-retaliation efforts: not just creating the policy, but working with HR and line managers ...
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Blog
Flex Pharma Names New Board Member
Flex Pharma, a biotechnology company, has appointed Jeffrey Capello to its board of directors. He also will serve as chair of the audit committee. Details inside.
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Blog
OTC Link ATS Names Chief Compliance Officer
OTC Link ATS, wholly-owned subsidiary of OTC Markets Group, operator of open, transparent and connected financial marketplaces for 10,000 U.S. and global marketplaces, has appointed Michael Corrao as chief compliance officer. Details inside.
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Blog
Chiquita Brands Chief Accounting Officer Resigns
Joseph Johnson, chief accounting officer of Chiquita Brands International, has resigned, the produce company said this week said in a filing with the Securities and Exchange Commission. Johnson's departure follows that of several other executives, as Chiquita Brands comes under new ownership. Details inside.
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Blog
3M Chief Compliance Officer to Join CHS as General Counsel
CHS, a farmer-owned cooperative and a global energy, grains and foods business, has named James Zappa as general counsel, effective April 13. Zappa currently is associate general counsel and chief compliance officer for the 3M Compliance and Business Conduct Department.
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Blog
James Koukios Joins Morrison & Foerster
James Koukios, former senior deputy chief in the Fraud Section of the Justice Department's Criminal Division, has joined law firm Morrison & Foerster as a partner in the securities litigation, enforcement and white-collar criminal defense practice group. Details inside.