All Compliance Week articles in Web Issue – Page 703
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Blog
SEC Speaks on Graphics, Multimedia in Filings
The SEC is offering guidance on how companies can use charts, graphics, and even multimedia files in corporate filings to tell your story in fewer words. All well and good, says a new Compliance and Disclosure Interpretation from the Division of Corporation Finance. It warns, however, that required information must ...
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Blog
Oppenheimer Dinged $20 Mill for Penny Stock Violations
The Financial Crimes Enforcement Network and the SEC today slapped securities broker Oppenheimer with a $20 million penalty for not adhering to rules on the sale of penny stocks. Of that amount, $10 million will go to the SEC to resolve related securities and Bank Secrecy Act violations. Details inside.
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Article
Focus on Equity Pay Plans This Proxy Season
Image: Worry over say-on-pay votes is out this proxy season; all the cool kids will be stressing over equity compensation plans instead. Proxy advisory firms are promising new levels of scrutiny for equity plans. “Companies have to be flexible because there are so many more moving parts to the methodology,” ...
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Article
Smarter Assessments of Cyber-Risk
Image: Every compliance and audit executive wants to manage cyber-security risks. That assumes, however, that the whole organization agrees on what a cyber-security risk is. Taxonomies do exist to build a more disciplined approach to cyber-security. Try to take all steps to manage all such risks, and “it’s going to ...
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Article
COSO Tacks Toward Cyber-Security
As cyber-security works its way onto the corporate board agenda, COSO is suggesting ways that its frameworks for internal control and risk management can be a starting point for companies to anticipate fast-emerging risks. “Just as the board is responsible for enterprise risk management, this is very similar,” says Mike ...
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Article
How M&A Due Diligence Goes Wrong
According to data compiled by Bloomberg, $390 billion in merger deals fell apart last year. M&A plans can collapse for many reasons, from regulatory disapproval to clashing CEO egos. Most painful, however, is a deal is consummated quickly that later proves to be a mistake—thanks to poor due diligence. Inside, ...
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Blog
How Good Ideas Still Lead to Bad Reporting
Every role in financial reporting is generally clear, which should lead to a relatively smooth process to issue financial reports—and yet, no. This month, Compliance Week columnist Scott Taub examines the peculiar inefficiency we have around adjustment of immaterial items. Even as participants in the reporting ecosystem all do their ...
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Blog
Podcast: The Right Approach to Compliance Oversight
Establishing the right oversight structure is “one of the biggest issues currently facing the compliance profession,” says Kathleen Edmond, a partner at the law firm Robins Kaplan and former chief ethics officer at Best Buy. In our latest podcast we talk to Edmond about the debate over the best approach ...
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Podcast
Podcast: The Right Approach to Compliance Oversight
“Establishing the right oversight structure is “one of the biggest issues currently facing the compliance profession,” says Kathleen Edmond, a partner at the law firm Robins Kaplan and the former Chief Ethics Officer at Best Buy. In our latest podcast we talk to Edmond about the ongoing debate over the ...
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Blog
Compliance Week 2015: Full Agenda Announced
Image: Good news for everyone looking to firm up springtime travel plans: we have just announced the agenda and speaker lineup for the best compliance and audit conference out there, Compliance Week 2015. From hardcore SOX compliance issues, to strategies for effective leadership of compliance teams, to all the operational ...
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Blog
Survey: Financial Institutions Stymied by Conduct Risk
Financial institutions may talk a lot about “conduct risk,” but few actually approach it with a clear definition and focus. Eighty-one percent of respondents in a survey conducted by Thomson Reuters Accelus say they do not have a working definition of what conduct risk is. A big reason: regulators leave ...
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Blog
SEC Eyeing BNY Mellon on Anti-Bribery
BNY Mellon disclosed in a Form 8-K filing with the SEC last week that certain of its current and former employees have received Wells notices for potential violations of the Foreign Corrupt Practices Act. BNY Mellon said it received a similar Wells notice in the fourth quarter of 2014. Details ...
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Blog
Antitrust Division: $1.86B in Fines Last Year
The Antitrust Division of the Justice Department had one of its biggest years ever in fiscal 2014: $1.86 billion in fines and penalties from various enforcement actions. The lion’s share of that sum stems from a widespread price-fixing and bid-rigging scheme in the auto parts industry, as well as the ...
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Blog
Microsoft Acquires Equivio
Microsoft this week announced that it has acquired Equivio, a provider of machine learning technologies for e-Discovery and information governance. Rajesh Jha, corporate vice president, Outlook and Office 365, said in a statement that Microsoft made the acquisition to help its customers "tackle the legal and compliance challenges inherent in ...
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Blog
Dell InTrust 11.0 Enhances Data Analytics Capabilities
Dell this week announced the latest release of Dell InTrust 11.0, a new IT data analytics solution that gives organizations the power to search and analyze vast amounts of IT data in one place, with real-time insights into user activity across security, compliance and operational teams. Details inside.
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Blog
AvePoint Compliance Guardian SP 3 Helps With Data Loss Prevention
AvePoint, a provider of enterprise-class Big Data management, governance, and compliance software solutions for next-generation social collaboration platforms, has announced the general availability of AvePoint Compliance Guardian Service Pack (SP) 3. Compliance Guardian mitigates privacy, information security, and compliance risks across your information gateways with a comprehensive risk management process ...
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Blog
EY Expands Collaboration With IBM
EY is building on its collaboration with IBM to help global clients leverage new advanced analytics and accelerate their adoption of transformational technologies. EY will work directly with IBM on joint go-to-market activities and new applications based on IBM’s portfolio of analytics, Big Data products, and cloud solutions. Details inside.
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Blog
Raytheon Company Appoints New General Counsel
Defense giant Raytheon has appointed Frank Jimenez as general counsel, effective as of Jan. 19. He succeeds Jay Stephens, who is retiring from Raytheon on March 31 after serving 12 years as general counsel and corporate secretary. Details inside.