Regulators and investors increasingly say boards of directors need more expertise to ensure they can respond to fast-changing politics, policy, and technology that threaten to undermine their businesses. In the U.K., government officials say boards need to think more about cyber. In the EU, they need to prepare for the Corporate Sustainability Reporting Directive (CSRD). Speaking at Compliance Week’s Third-Party Risk Management summit, Boards of the Future director Vera Cherepanova says that directors need to think broadly, rather than in specialties.
Ian Sherr
Ian Sherr, Compliance Week’s Editor-in-Chief, is a widely published journalist who has covered business, politics, and policy for outlets including CBS News, The Wall Street Journal, Reuters, and CNET.
Posted inEthics & Culture
Inside the Mind of the CCO: Compliance in an uncertain world, still with fuzzy reporting lines
The world is rapidly changing. The European Union is stepping up rules and enforcement, while the United Kingdom is charting its own course. And now the United States is taking a third tack, with unclear regulation enforcement under a mercurial Donald Trump’s second term as president underway.
Posted inEthics & Culture
UnitedHealth reportedly investigated for Medicare fraud days after surprise CEO departure
UnitedHealth Group is being investigated by the Department of Justice for possible Medicare fraud, according to a report from the Wall Street Journal. The move, which has not so far been announced publicly, follows the sudden departure of its CEO.
Posted inRegulatory Enforcement
SEC Chair Atkins echoes Trump’s promise to make U.S. the ‘crypto capital of the world’
The head of the Securities and Exchange Commission promised new sets of rules around cryptocurrency assets, saying his team intends to lay out regulatory frameworks around custody and “qualified custodians,” as well as guidelines around issuing and trading. The expected move marks the latest step in the U.S. government’s embrace of cryptocurrencies under President Donald Trump, representing a significant shift from his predecessor.
Posted inTechnology
CFPB drops Google Payment oversight, the latest enforcement pullback under Trump
The Consumer Financial Protection Bureau continued advancing President Donald Trump’s pullback of corporate oversight last week, as it halted supervision of Alphabet’s Google Payment subsidiary. The move followed similar efforts by the Trump administration to weaken government enforcement efforts, particularly concerning digital currencies.
Posted inEthics & Culture
Tesla’s Musk Turmoil and Kohls CEO dismissal over ethics failures marks are example of public rebuke of executive leadership
Two CEOs of high-profile American companies received rare public votes of no-confidence from their boards of directors this week, just as attendees at Compliance Week’s 20th Anniversary National Conference discussed their role in upholding business ethics and executive accountability.
Posted inEthics & Culture
CW National Notebook: After fighting the good fight, here’s how you know it’s time to leave a company
As conversations about corporate accountability increasingly turn to include questions about “tone from the top” and the responsibility of senior leadership and boards of directors, compliance professionals are increasingly discussing what to do when they see executive wrongdoing. The answer, one panelist who’d help lead a multinational company said, is to document any issues, and then prepare to quit if they’re not addressed.
Posted inEthics & Culture
CW National Notebook: Mental health is a rampant issue for cyber pros, and it needs more attention
Cybersecurity has become one of the most important parts of business operations, particularly as companies face a data breach, attack, or disruption of service. But the impact this responsibility is having on cyber pros needs more attention.
Posted inEthics & Culture
CW National Notebook: Simple steps to improve corporate training can have big impact
We all have terrible attention spans. Understanding how people learn can mean the difference between effective compliance training programs or an eye roll.
Posted inEthics & Culture
CW National Notebook: Success in upper management is about relationships, not skills
The compliance world is filled with numbers, rules and regulations. But the soft skills of management and relationships are critical too, and they can make the difference between making it to higher level leadership or not.
