- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Wells Fargo CEO John Stumpf called it quits on Thursday, retiring amid revelations that at least 2.5 million unauthorized accounts and credit cards were opened on behalf of unsuspecting customers. The hasty departure, however, says Joe Mont, may not satisfy his most vocal critics.
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Despite controversy before and during its annual meeting, shareholders reelected all of Wells Fargo’s directors. But trouble still lies ahead for the post-scandal banking giant.
Ethics and compliance officers can learn a lot from the toxic corporate culture at Wells Fargo, especially as it concerns lessons in whistleblower protections. Jaclyn Jaeger has more.
Keeping track of regulations and understanding how they affect your business can be a hot mess without proper organization and collaboration, experts said at Compliance Week’s Women in Compliance Summit, held June 3-4, in Atlanta.
