Compliance Week is currently conducting two industry-specific surveys—one in financial services, the other in energy—where we need your help! All risk, audit, and compliance professionals in both fields are encouraged to respond. Your answers will be secure and confidential, and the surveys are free of charge. First, our Compliance Week Energy Industry Survey is soliciting […]

Long-time retail shareholder activist Ken Steiner filed the very first proxy access proposal last week, according to report by Ted Allen, governance counsel and publications director at proxy advisory firm, ISS.The proposal was filed at MEMC Electronics, a manufacturer of wafers for the semiconductor industry. According to U.S. Proxy Exchange, a group representing retail investors, […]

The Financial Accounting Standards Board is brushing up its fairly new rules on consolidations to address concerns that investment managers or others acting as agents for their clients might get caught up in the guidance and treated as if they are owners.FASB has proposed an accounting standards update that would establish criteria for a reporting entity […]

The Federal Deposit Insurance Corporation yesterday approved the final rule mandating bank holding companies designated as Systemically Important Financial Institutions (SIFIs) with assets of more than $50 billion draw up their resolution plans in the event of bankruptcy.The Federal Reserve Board, the other agency tasked with the job to jointly issue the rule, will consider […]

With a critical wave of XBRL submissions winding down, companies now have an opportunity to review next year’s taxonomy and to comment on what they see.The Financial Accounting Standards Board has released the proposed 2012 Taxonomy for U.S. Generally Accepted Accounting Principles to gather feedback on whether it meets the needs of public companies that are […]

New Century Bancorp, the holding company for New Century Bank, has named Celia DeBiase as chief risk officer. In this role, DeBiase will serve on the company’s executive management team.DeBiase’s responsibilities will include managing a process for assessing, identifying, monitoring, and reducing business risks that could interfere with the company’s objectives and goals. Her areas […]

The Bureau of Industry and Security has proposed tweaking export control regulations to shift some military goods from one control list to another. In this week’s podcast, we explore how that seemingly bureaucratic change could possibly cause larger licensing headaches for defense contractors.(11 min., 2 Mb)