All Compliance Week articles in Web Issue – Page 728
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Blog
PCAOB Reorganizes Auditing Standards by Topic
The PCAOB is reorganizing its audit standards, integrating standards the board wrote with historical standards it adopted on an interim basis under Sarbanes-Oxley. “The standards will be organized by topics that generally follow the flow of the audit process, making their use easier and more efficient for auditors,” said PCAOB ...
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Article
NLRB’s Brain-Dump on Lawful Company Policies
Image: The National Labor Relations Board has churned out an extensive piece of guidance on what makes a company policy lawful or not, on everything from making disparaging comments (often can’t be forbidden) to talking with the media or regulators (forget about forbidding it) and many more. “The memo is ...
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Blog
BSI SA to Pay $211 Million Penalty Under Swiss Bank Program
BSI SA, one of the 10 largest private banks in Switzerland, this week became the first bank to reach a resolution under the Department of Justice’s Swiss Bank Program, which provides a means for Swiss banks to resolve potential criminal liabilities in the United States. BSI will pay a $211 ...
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Blog
SEC Punts Extraction Payments Rule to 2016
Image: The SEC says it will not issue a proposal requiring oil gas, and mining companies to disclose payments made to governments until spring of 2016. “We’re surprised and disappointed that the SEC would push back its timeline yet again,” said Ian Gary, senior policy manager, extractive industries for Oxfam ...
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Article
The Latest State of Affairs on Whistleblower Claims
Image: A final rule from OSHA has smoothed the path for employees to file whistleblower retaliation claims under the Sarbanes-Oxley and Dodd-Frank acts and put companies in a more difficult spot to defend themselves. “The final rule reinforces that these types of anti-retaliation provisions are here to stay,” says Daniel ...
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Article
PCAOB Inspection Reports at 5: What Can We Learn
The compliance and audit community have pored over PCAOB inspection data on audit firms for five years now. What does the data tell us, really? This week Compliance Week begins a special series looking at the insights that the inspection process can give—starting with how much value the disclosure of ...
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Blog
Hearsay Social Unveils New Mobile Apps for iPhone and Android
Hearsay Social, provider of the Predictive Social Suite for financial advisors and insurance agents, last week announced the launch of new mobile applications for iPhone and Android. These applications enable financial professionals to use the new Predictive Social Suite to compliantly engage with their clients and prospects via Facebook, LinkedIn, ...
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Blog
Petrobras Nominates Vale CEO as Chairman
Brazilian state-owned oil company Petrobras last week nominated Murilo Ferreira, chief executive officer for global mining company Vale, as its new chairman. The nomination comes at a time when the company faces several investigations for its involvement in a widespread money-laundering scandal. Details inside.
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Blog
Plug Power Names Chief Accounting Officer
Plug Power, a provider of clean, reliable energy solutions, has named Martin Hull as chief accounting officer, effective April 1. He assumes this role from Jill McCoskey. Details inside.
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Blog
Ipsen Names Chief Ethics and Compliance Officer
Pharmaceutical company Ipsen has appointed Dominique Laymand as chief ethics and compliance officer for the Ipsen group, effective as of March 16. She will report directly to Chairman and CEO Marc de Garidel. Details inside.
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Blog
PG&E Names Chief Ethics and Compliance Officer
As part of its commitment to achieving a best-in-class ethics and compliance program, PG&E has appointed Julie Kane to the newly created position of chief ethics and compliance officer, effective May 18. She will report to CEO and President Tony Earley, with additional reporting responsibility to the audit committee of ...
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Blog
Uncomfortable Lessons to Draw From Germanwings 9525
Image: The crash of Germanwings Flight 9525 demonstrates the most difficult choices in risk management that businesses, policymakers, and society ever have to make: how we handle people like Andreas Lubitz, the troubled co-pilot who deliberately crashed the plane—how we identify and handle persons who might potentially cause enormous damage ...
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Blog
eBay to Add Two Independent Directors
eBay this week announced the appointment of two new independent directors in anticipation of completing its previously announced separation of eBay and PayPal. Tony Bates, President of GoPro, and Gail McGovern, president and CEO of the American Red Cross, have been appointed to eBay's board of directors. Details inside.
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Blog
Sandoz to Pay $12.6 Million for Misrepresenting Drug Pricing Data
Drug maker Sandoz last week reached a $12.64 million settlement with the Department of Health and Human Services Office of Inspector General to resolve allegations that it misrepresented drug pricing data to the Medicare program. The Sandoz settlement is the largest ever entered into under OIG’s drug price reporting civil ...
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Blog
Citigroup: Law Firms at High Risk of Cyber-Attacks
In a recent internal report, Citigroup's cyberintelligence center warned employees that law firms are targets of attacks by foreign governments and hackers because they house valuable data concerning their clients' transactions and strategies.According to the NY Times, the Citigroup report alerted employees that cybersecurity at law firms remains weak as ...
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Blog
Socialware Launches Social Brand Protection Solution
Socialware, a provider of social media risk management solutions for the enterprise, announced the availability of new brand protection and monitoring capabilities. Socialware’s Social Brand Protection solution allows firms to automatically discover, inventory, monitor and patrol its social media and web points-of-presence, providing marketers, risk management teams and legal counsel ...
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Blog
Sherpa Software Launches Altitude e-Discovery Module
Sherpa Software, a provider of information governance solutions, this week announced that they have added an easy-to-use e-discovery module to its Altitude IG solution. The new module is built specifically for in-house teams to help manage legal hold notification, search and collection for legal discovery requests, compliance requirements or internal ...
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Blog
ACE Names General Counsel for Eurasia; Africa
ACE Group has appointed Susan McDonald, currently legal and compliance manager for MENA, to the role of regional general counsel for Eurasia and Africa, as it continues to build its management team in its newest business region, effective April 1.