All Compliance Week articles in Web Issue – Page 696
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Blog
Lumber Liquidators Names Chief Compliance Officer
Lumber Liquidators has named Jill Witter as chief compliance and legal officer. Her appointment comes at a time when the embattled hardwood flooring company faces allegations that it sold Chinese-manufactured laminated wood products containing high levels of formaldehyde, posing serious health risks. More inside.
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Blog
FIFA Takes Steps Toward Transparency
Image: FIFA, the governing body for professional soccer that is mired in controversy and allegations of corruption, may be taking the first steps to transparency and better performance: The group has hired an outside law firm to conduct an exhaustive look at its business practices and to review possible corrupt ...
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Blog
Appellate Court Dings Conflict Minerals Rule Again
Image: The U.S. Court of Appeals for the District of Columbia has upheld an earlier ruling that prohibited the SEC from requiring companies to report publicly whether certain minerals used in their products are conflict free or could support militias in the Democratic Republic of the Congo. Citing free speech ...
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Article
Unpacking the Reporting Challenge in Patent Boxes
Image: For businesses heavy on intellectual property, “patent boxes” are the new tool in your tax strategy—jurisdictions that offer lower taxes on income flowing from IP. A nifty idea, many say (and one that may hit the United States soon), but the compliance and disclosure hurdles are many. The value ...
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Article
The Global State of the Right To Be Forgotten
More than a year after the EU established is right-to-be-forgotten principle, U.S. compliance professionals in the tech sector probably wish the decision itself could be forgotten, too. France is insisting that the principle be applied worldwide; even before that ever happens, compliance within Europe is laborious and complicated. Our latest ...
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Blog
Shamoil Shipchandler Named Regional Director of SEC's Fort Worth Office
Shamoil T. Shipchandler has been named Regional Director of the SEC's Fort Worth Regional Office, filling the vacancy created when former Regional Director David Woodcock left the agency in June 2015 to join law firm Jones Day.
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Blog
Compliance Line of Sight: Evaluating Your Program’s Structure and Oversight
The chief compliance officer does not need to manage every compliance risk your company has—but he or she does need to know how every compliance risk is managed. This week, columnist Jose Tabuena explores how “line of sight” should work in a compliance program, and how internal audit can help ...
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Blog
ACC Launches Information Governance Committee
The Association of Corporate Counsel (ACC), a global legal association representing 40,000 in-house counsel in 90 countries, last week announced the launch of a new practice area committee. The ACC Information Governance Committee will foster engagement and collaboration on corporate legal departments’ role in data protection and collection, discovery procedures ...
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Article
Trying for More Clarity on Work of Audit Specialists
Image: Another question on the way to a better corporate audit: whether audit firms need new rules to scrutinize the work of specialists, crucial players in producing fairly stated financial statements. The PCAOB wants to end confusion over specialists, which should help auditor and client company alike. “If you look ...
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Article
The Current State of SEC Whistleblower Guidance
The SEC’s latest guidance on whistleblower protection, confirming that employees need not report misconduct first to the SEC to win anti-retaliation protections, seems at first glance to be good news for internal compliance programs. For corporations as a whole, less so. Inside, we take a deeper look at the limits ...
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Blog
DocMagic Names Chief Compliance Officer
DocMagic, a provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, has named Gavin Ales as chief compliance officer. Ales has hands-on involvement in the development, implementation, and maintenance of DocMagic's compliance products and services. More inside.
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Blog
Frank's International Appoints General Counsel, Secretary
Frank's International, a global oil services company, has appointed Alex Cestero as general counsel and secretary. He will report directly to President and Chief Executive Officer Gary Luquette. More inside.
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Blog
More ‘C’mon, Man’ Moments
It’s that time again: time for another roundup of flawed characters, flawed controls, and poor outcomes. Columnist Rick Steinberg offers his latest look at sloppy thinking and risk management that led to some truly dumb ideas, from allowing guns on airplanes to losing your career over a skipped subway fare ...
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Blog
The Man From U.N.C.L.E. and Modern FCPA Enforcement
I recently saw the movie The Man From U.N.C.L.E. It was a rollicking good movie, stylish, set in great locations, with a fabulous score and all the Guy Ritchie touches you would expect. The action all took place in Europe and the locals and governmental cooperation among the U.S., U.K. ...
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Blog
Amazon, Data, and Selling Your Culture Down the River
Image: Compliance officers like to talk about data, and about culture. This weekend, however, the New York Times published a brutal, brilliant portrait of corporate culture at Amazon.com and how awful today’s modern management of behavior can get. Inside, editor Matt Kelly dissects the unspoken and obvious: that data-driven management ...
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Blog
Citigroup Affiliates to Pay $180 Million for Hedge Fund Fraud
Two Citigroup affiliates—Citigroup Global Markets and Citigroup Alternative Investments—today agreed to pay nearly $180 million to the Securities and Exchange Commission to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors. The funds later crumbled and eventually ...
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Resource
Governance, Risk, and Compliance Software - Maintain Your IT Budget with Consistent Compliance Practices
Governance, Risk, and Compliance (GRC) software can help state and local governments move from a reactive to a proactive stance with their IT systems. It lets them answer the question, "How long since your last…?" with a comforting "less than an hour ago." Read this third-party report to learn about ...
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Resource
Best Practices Guide for IT Governance & Compliance
Federal regulations, such as the Sarbanes-Oxley Act (SOX), the Health Insurance Portability Accountability Act (HIPAA), and the more recent Payment Card Industry (PCI) initiative, require businesses to know exactly what changes are being made to structured and unstructured data in their corporate networks. As a result, IT organizations need to ...
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Blog
SNC-Lavalin Names New Head of Legal and Compliance
SNC-Lavalin has appointed Hartland Paterson as general counsel, effective Sept. 10. He will report to President and CEO Robert Card. Paterson will oversee both the legal and ethics and compliance functions of the engineering and construction giant. More inside.
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Blog
United Online Names General Counsel
United Online, an online provider of consumer products and services, appointed Mark Harrington general counsel, effective this month.