Articles | Compliance Week – Page 221
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Coupang names chief compliance officer, general counsel
Coupang, an e-commerce company and Korea’s largest online retailer, has appointed Jay Jorgensen as general counsel and chief compliance officer. Jorgensen is a recognized expert on corporate governance, most recently serving as the global chief ethics & compliance officer of Walmart.
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Walgreens Boots Alliance names chief accounting officer
Walgreens Boots Alliance, a retail pharmacy company, has named Heather Dixon as its new global controller and chief accounting officer, effective March 18.
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ArticleMind controls, disclosures on leases, Big Four firms advise
As companies face first-quarter reporting under lease accounting, Big Four firms are offering some last-minute pointers about controls and disclosures.
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ArticleU.K. votes to delay Brexit
The United Kingdom’s Parliament voted 412-202 Thursday to ask the European Union for a delay to Brexit in yet another defeat for beleaguered Prime Minister Theresa May.
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Fugue adds PCI support to compliance suite
Fugue, a provider of autonomous cloud security and compliance, announced the addition of support for Payment Card Industry (PCI) to its suite of cloud compliance standards.
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Tesla names new chief accounting officer
Electric car maker Tesla disclosed in a March 13 securities filing that it has appointed Vaibhav Taneja as chief accounting officer, adding to the company’s long list of sudden executive departures and appointments.
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ArticleBanks move forward with CECL, expecting no relief
Despite calls for delay or reconsideration of the pending new model for recognizing loan losses, entities are implementing as if nothing will change.
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ArticleDutch DPA: Forcing users to agree to ‘cookies’ violates GDPR
The Dutch Data Protection Authority says giving visitors access to websites only if they agree to their internet browsing activities being tracked by so-called “cookies” or other tracking software does not comply with the EU’s General Data Protection Regulation.
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Prevalent acquires 3GRC
Third-party risk management platform Prevalent announced its acquisition of U.K.-based risk and compliance firm 3GRC.
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Rsam, RiskLens partner on cyber risk
GRC solutions provider Rsam and cyber risk management firm RiskLens have partnered to bring clarity to the potential business impact of cyber risk.
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Lumber Liquidators to pay $33M for securities fraud
Lumber Liquidators Holdings, a discount retailer of hardwood flooring, will pay a total of $33 million in criminal and regulatory penalties for misleading investors concerning the sale of its laminate flooring from China to its customers in the United States.
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Companies tie loose ends on leasing, prepare ongoing accounting
Companies generally are expected to be ready to report under new lease accounting rules but still face some added work to prepare for ongoing compliance.
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ArticleEU whistleblower protections closer to fruition
As EU whistleblower protections inch closer, Neil Hodge provides an in-depth look at exactly what they will cover.
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ArticleRegulators challenged by same tech advances that could benefit them
A new report by Deloitte looks at how regulators can leverage new technologies to increase their efficiency and effectiveness, all while reducing business compliance costs.
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ArticleHempel resolves bribery case with European authorities for $33.3M
Global coatings manufacturer Hempel has reached a settlement with Danish and German authorities and agreed to a fine of 220 million Danish krone (U.S. $33.3 million) concerning bribery payments made to ship managers in Germany.
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An inside look into the FBI’s Office of Integrity and Compliance
Catherine Bruno, assistant director of the FBI’s Office of Integrity and Compliance, discusses the division’s current initiatives and plans for the future.
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Brexit: 'No-deal' option rejected; delay vote coming
A day after voting down Prime Minister Theresa May’s proposed Brexit deal for the second time, the U.K. Parliament voted Wednesday to reject leaving the European Union without a deal by a 321-278 margin.
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ArticleMy Compliance Library: How to create a ‘Fearless Organization’
Richard Bistrong explains how Amy C. Edmondson’s book on organizational health relies on the idea that employees are not governed by fear, but rather empowered by a safe environment that embraces honesty and candor.
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U.K. government unveils reform plan for modern work practices
In response to a July 2017 review of modern working practices, the U.K. government has issued a long-awaited package of legislation, regulation, and reforms. The “Good Work Plan” sets out seven principles to address challenges facing the U.K. labour market.
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ArticleSEC’s Peirce supports reconsideration of SOX 404(b)
As internal control heartburn persists for many public companies, at least one member of the SEC would welcome changes to the Sarbanes-Oxley Act.