Corporate governance is, all too often, handed down from generation to generation. Like a well-worn jacket, it works great—until it doesn’t. Typically, it is a crisis that forces companies to reassess their corporate governance framework, as gaps are filled and poor policies rewritten. But it doesn’t have to be that way.
Aaron Nicodemus
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass.
Email: aaron.nicodemus@complianceweek.com
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Posted inSurveys & Benchmarking
Inside the Mind of the CCO: Salaries level out in 2024
An overheated demand for compliance officers in the post-Covid era finally cooled off in 2024, according to Compliance Week’s Inside the Mind of the CCO survey.
Posted inSurveys & Benchmarking
Under intense reg scrutiny, compliance teams report implementing off-channel comms policies
Three of four respondents to Compliance Week’s Inside the Mind of the CCO survey said their employers have policies and procedures in place that govern employee use of unauthorized communications on their cell phones.
The survey, conducted in November and December, found that another 11 percent of the 179 practitioners who answered the question were currently drafting new policies under regulatory scrutiny. Fifteen percent reported that they had no off-channel communications policies in place.
Posted inFinancial Services
DOJ says BlackRock, Vanguard, State Street pressed ESG goals to lower U.S. coal output
The Department of Justice and Federal Trade Commission have bolstered a conservative legal effort to dismantle environmental, social, and governance-based investment strategies from three large asset managers by claiming they illegally conspired to artificially raise energy prices.
Posted inData Privacy
FTC orders GoDaddy to upgrade cybersecurity defenses following three breaches
The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
Posted inFinancial Services
Not just for the rich: SEC may make closed-end funds available to retail investors
Securities and Exchange Commission Chair Paul Atkins indicated he favors changing the agency’s requirement that only the wealthy can invest in so-called “closed-end” private equity funds and hedge funds.
Posted inEurope
Citing free speech impingement, Trump administration wants EU to scale back Digital Services Act
The Trump administration is preparing to ask the European Union to alter or water down its rules on content moderation on social media, claiming that they hurt the competitiveness of American technology companies.
Posted inRegulatory Enforcement
States like New York, Pennsylvania stepping up to fill regulatory void left by federal agencies
As the Consumer Financial Protection Bureau steps back from its core mission of protecting American consumers, states like New York and Pennsylvania are stepping up to fill the regulatory void.
Posted inRegulatory Policy
With “stroke of a pen,” CFPB withdraws controversial guidance docs issued under Dems
The Consumer Financial Protection Bureau has rescinded 39 guidance documents that had provided insight into the regulator’s thinking on a host of topics, including enforcement practices and how companies should handle customer complaints.
Posted inRegulatory Policy
Court may look skeptically on SEC settlement offer of $50M fine against Ripple Labs
The Securities and Exchange Commission has offered to settle its long-running lawsuit against cryptocurrency firm Ripple Labs for $50 million, the latest in a series of pullbacks by the agency on ongoing crypto lawsuits.
