When new leadership took the reins at engineering and construction giant Foster Wheeler in 2001, getting a better grasp on the company’s wide-ranging risks was a top priority. With 9,500 employees across 25 nations dealing with countless suppliers and customers, Foster Wheeler faced plenty of challenges. Its core business was building complex projects, such as […]
Haarmeyer David
Posted inInternal Controls
Case Study: A Risk-Based Audit At Chevron
This “case study” is the latest in a series of articles aimed at helping public companies understand how other organizations are using technology to comply with new regulations and standards. These are not advertisements or marketing vehicles for the companies mentioned; Compliance Week’s editorial staff speaks with the public company that has deployed the technology, […]
Posted inFrom the Archive
Confessions Of A Hedge Fund Activist
In the latest of our weekly Q&As with governance and compliance executives, we talk to Jeffrey Ubben, managing partner at the $3.5 billion hedge fund ValueAct Capital. An index of previous conversations is available here. Let’s cut to the chase: Are activist hedge funds just short-term speculators, that often threaten long-term corporate plans? Although that’s […]
Posted inBoards & Shareholders
Report Profiles Hedge Fund Targets, Preemptive Steps
It’s no secret that hedge fund activism is on the rise—stalwarts like McDonald’s, Time Warner and Circuit City have been targeted by activist funds in recent months. Now, for the first time, a report describes the types of companies most likely to be targeted by funds, and outlines steps for preempting the wrath of highly […]