Few compliance officers will be surprised by a new survey out from Thomson Reuters that finds compliance departments at financial firms are struggling under a heavy workload stemming from new regulatory demands. What is surprising is just how burdened they are. A recent survey of 337 compliance practitioners from financial services firms conducted by Complinet […]
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
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Ruling Closes the Door on Alien Tort Statute Liability
A recent appeals court decision could end corporate liability under the Alien Tort Claims Act for charges of human rights violations abroad. The Second Circuit Court of Appeals ruled that companies can’t be held liable in the United States under the Act, also called the Alien Tort Statute, for violations of international law in foreign […]
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Dynegy in Disarray: CEO, Board Resign Over Failed Sale
Following a second failed takeover bid of independent power producer, Dynegy, its top senior executives and entire board are bidding farewell. Dynegy announced on Feb. 21 that president and CEO, Bruce Williamson, who has served in this role for the past eight years, will be resigning, effective March 11. Williamson also will step down as […]
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McKessy to Head the SEC’s New Whistleblower Office
The Securities and Exchange Commission has named Sean McKessy to oversee the new Whistleblower Office in the Division of Enforcement. The Office will consolidate existing resources to administer the whistleblower provisions called for by The Dodd-Frank Wall Street Reform and Consumer Protection Act. In that role, McKessy will lead a program charged with working with […]
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USEC Appoints New Board Members
Global energy company, USEC, has elected former ConocoPhillips executive Sigmund Cornelius and former Boeing company executive Walter Skowronski to its board of directors, effective March 1, 2011. Cornelius and Skowronski will also serve as members of the board’s audit and finance committee. Cornelius retired in January 2011 from ConocoPhillips, where he most recently was senior […]
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Daimler AG Appoints New Compliance Leader
The Supervisory Board of Daimler AG has appointed Christine Hohmann-Dennhardt as a member of the Board of Management in the newly created position with responsibility for Integrity and legal affairs for the period of Feb. 16, 2011 until Feb. 28, 2014. Her responsibilities will include the global compliance and legal organization, business ethics and the […]
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Mercer Hires International Consulting Group Leader
Mercer, a global provider of consulting, outsourcing and investment services, announced that it has hired Jean-Philippe Provost as U.S. international consulting group leader. He will be based in New York. Provost will report to Jacques Goulet, U.S. leader for Mercer’s Retirement, Risk and Finance group, and will work closely with Barb Marder and Robyn Cameron, […]
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FCIC General Counsel Rejoins Sidley Austin
Sidley Austin has announced that Gary Cohen has returned to the firm as a partner in the firm’s corporate practice after a year-long appointment as general counsel to the Financial Crisis Inquiry Commission in Washington, D.C. Cohen served with the bipartisan Commission that was created by the Fraud Enforcement and Recovery Act of 2009 to […]
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Report: Compliance Risks Growing in Emerging Markets
Sure, emerging markets offer numerous growth opportunities for multinational companies, but they also bring an increasing amount of compliance and integrity risk. A survey of 500 executives at companies in North America conducted by Deloitte and Forbes Insights found that 85 percent said their level of concern over the potential for compliance and integrity risks […]
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Shop Talk: Cloud Computing Poses New Risks, Opportunities
The technology of cloud computing—where businesses can “rent” IT equipment or software applications over the Internet—sounds like a great idea. Simplify your IT infrastructure, lower your costs. What’s not to love about that? THE PANELISTS The following executives participated in the Jan. 25 roundtable regarding legal and compliance challenges in modern IT infrastructure. Cary Berger, […]
