All Compliance Week articles in Web Issue – Page 802
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ArticleAuto Industry Under Siege Over Defects, Mileage Ratings
Title: GrigorianA record number of product-safety recalls and massive civil and criminal penalties for compliance failures such as mis-stated mileage ratings have put all manufacturers and suppliers in the automotive industry on notice—and things are only just starting, as the National Highway Traffic Safety Administration bears down. “This level of ...
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Blog
Justice Scalia: Congress, Not SEC, Must Define Insider Trading Laws
On November 10, 2014, the U.S. Supreme Court declined to hear Douglas Whitman's appeal of his August 2012 conviction on two counts of conspiracy to commit securities fraud and two counts of securities fraud. Prosecutors in the SDNY had charged Whitman, a portfolio manager at Whitman Capital, LLC, with engaging ...
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Podcast
Podcast: Banks Double Down on AML Compliance
A recent survey by accounting firm Kaufman Rossin found that many banks plan sizeable increases to their budget for anti-money laundering compliance over the next 12 months. In this week’s podcast, we talk to Ivan Garces, a risk advisory services principal at accounting firm Kaufman Rossin about the evolving risk ...
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Resource
White Paper: Identifying Vendor Risk
An effective vendor relationship management program starts with knowing what the risks are. You can’t manage what you don’t know; therefore, you need to create assessments that help you clearly identify the risks of doing business with third parties. This includes vendors, service providers, suppliers, contractors, and other people and ...
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Blog
SEC Preparing End to IFRS Speculation
The Securities and Exchange Commission may be preparing to put an end to the uncertainty about possible adoption of International Financial Reporting Standards in the United States. SEC Chief Accountant James Schnurr said at a recent conference that he plans to make a recommendation to the full Commission in the ...
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Blog
Accuvant and FishNet Security Join Forces
Accuvant and FishNet Security, both providers of information-security services and solutions, recently signed a definitive agreement to join forces. This move brings together the complementary strengths of the two organizations, creating a new provider with a broader suite of services, solutions, expertise, and expanded reach to meet customers’ complex and ...
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Blog
Former Acting General Counsel for HUD Joins Jenner & Block
Damon Smith, former acting general counsel for the Department of Housing and Urban Development (HUD), has joined the law firm Jenner & Block as a partner in its Washington, D.C. office. Smith will be a member of the Government Controversies and Public Policy Litigation and Real Estate Practices. Details inside.
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Blog
Early Agenda Announced for Compliance Week 2015
Image: Title: KellyGood news for compliance, audit, and risk executives looking to have a good time next year: We’ve announced the first few sessions on the agenda for the Compliance Week 2015 conference! Antitrust compliance, risk analytics, GRC technology implementation, training programs, the CCO's role in discipline—we will have all ...
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Blog
Life Comes at You Fast, Part II: Eike Batista
"Life comes at you fast," doesn't it Eike Batista? (Just ask MC Hammer and Allen Stanford).It has been a very tough recent stretch for former Brazilian billionaire, Eike Batista. In 2012, shortly after he was described by Brazil's President, Dilma Rousseff, as "our standard, our expectation and, above all, the ...
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Blog
Talking Effectiveness: Upcoming Compliance Week Roundtable
Good news for compliance officers wondering whether their program really helps the company to achieve better outcomes: Our next Compliance Week executive roundtable, happening in Washington D.C. next month, will explore how you measure program effectiveness. If you’re a compliance officer who will be in the Washington area on Dec. ...
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Blog
SEC Hits Companies for Stock Dilution Disclosure Failures
The SEC has issued enforcement actions against 10 companies that failed to make required disclosures about financing deals and other unregistered sales that diluted their stock. The companies all agreed to settle the SEC’s charges, and the agency assessed a total of $350,000 in penalties.
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Blog
ISS Updates Policies Ahead of Upcoming Proxy Season
Proxy advisory firm ISS has updated its policies and recommendation criteria for 2015 annual meetings. The updates build upon ongoing outreach to companies and investors on such matters as pay for performance; board accountability; boardroom diversity; equity plan evaluation; risk oversight and audit; cross-market listings; and environmental and social performance ...
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Blog
Federal Reserve Places New Limits on Large Banks
The Federal Reserve Board has approved a rule that places new limits on mergers and acquisitions in the banking industry, effectively slowing the growth of the largest institutions in yet another strike against “too big to fail” banks. The rule prohibits a financial company from combining with another company if ...
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Article
Retirement Benefit Trend; SEC Rulemaking Concerns; More
Coming in the Nov. 11 edition of Compliance Week: CW’s Tammy Whitehouse looks at how many are considering new mortality rates in estimating retirement benefit costs; also next week, what companies have to say about long-awaited, most-anticipated, SEC rulemaking.
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Blog
Target Names Chief Risk and Compliance Officer
Image: Title: RiceRetail giant Target has appointed Jacqueline Hourigan Rice as chief risk and compliance officer, effective Dec. 1. She will report directly to Chief Executive Officer Brian Cornell. The company is elevating the position to include centralized oversight of enterprise risk management, compliance, vendor management, and corporate security under ...
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Blog
Federal Regulators Probing Subprime Auto Loans
Ally Financial recently became the latest auto-lending company to face a government investigation into its subprime auto lending practices. In the last few months, GM Financial and Santander Consumer USA Holdings have received subpoenas from the Department of Justice for similar practices, raising questions among some as to whether the ...
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Blog
Laureate Education Names Assistant General Counsel for Global Compliance
Ana-Paola Capaldo has been named assistant general counsel for global compliance and ethics at Laureate Education, a global higher-education provider. Details inside.
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Blog
FASB Studies Possible Deferral for Revenue Recognition
Image: Title: KroekerFASB plans to consider in early 2015 whether to give companies more time to adopt the new revenue recognition standard. Although the board has received numerous requests for more time, at a recent meeting FASB Vice Chairman Jim Kroeker indicated little sympathy for delayed action. “To those who ...