The Public Company Accounting Oversight Board has appointed Steven Richards as special adviser to Chairman James Doty, effective at the end of March. He will join the PCAOB with Samantha Ross, special counsel to the chairman. Richards served at the Securities and Exchange Commission as assistant chief accountant in the Division of Enforcement from 2004 […]
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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SEC General Counsel to Step Down
The Securities and Exchange Commission announced that general counsel and senior policy director, David Becker, will leave the Commission at the end of February to return to the private sector. Becker has been the agency’s chief legal officer and a senior advisor to Chairman Schapiro since February 2009. During his tenure, he helped shape most […]
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Congressional Investigations Set to Multiply
As any Wall Street CEO or top oil executive can attest to, there are few invitations more unwelcome than one to testify on Capitol Hill for a Congressional investigation. Unfortunately, Congress is likely to start issuing more of them. Several committees have recently added investigative units and, with the Republicans taking over the House of […]
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Volkswagen Names Chief Compliance Officer
German automaker Volkswagen has appointed Frank Fabian to the newly created position of chief compliance officer and head of the governance, risk and compliance departments with immediate effect. Fabian reports to the chairman of the board of management of Volkswagen, Martin Winterkorn. Fabian, a labor law specialist, joined Volkswagen in 2001 as head of the […]
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CarMax Elects Two New Board Members
Used car chain, CarMax, has elected Rakesh Gangwal and Mitchell Steenrod to its board of directors, bringing its total board membership to 13. Both individuals initially will serve on the audit committee. During his more than 25-year career in the travel and technology fields, Gangwal has held several executive roles and directorships at domestic and […]
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PFM Group Hires Chief Compliance Officer
The PFM Group, a national provider of independent financial and investment advisory services to state and local governments and a manager of money market mutual funds for municipal entities, their agencies, and non-profit institutions, has hired Leo Karwejna as a managing director and chief compliance officer. Karwejna comes to PFM from Prudential Real Estate Investors, […]
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Mead Johnson Appoints New Board Member
Mead Johnson Nutrition Company, a manufacturer and distributor of pediatric nutrition, has appointed Celeste Clark to its board of directors. Her appointment expands the size of the board from nine to ten members. Clark is senior vice president of global public policy and external relations and chief sustainability officer for the Kellogg Company. Clark joined […]
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Survey: Companies Unhappy With Vendor Risk Assessments
Vendor risk assessments continue to confound many companies, even while they say that getting a handle on supply-chain risk is at the top of their priority list. According to a survey by research firm Briefcase Analytics, 93 percent of the 173 corporate executives surveyed ranked vendor risk assessment as important or very important, but 56 […]
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Fed Cracking Down on Discrimination by Federal Contractors
A federal government contractor watchdog agency announced it was changing case management procedures, signaling more aggressive and broader enforcement of anti-discrimination laws. The Office of Federal Contract Compliance Programs—the Department of Labor division responsible for ensuring federal contractors’ compliance with Equal Employment Opportunity laws—announced in December that it was discontinuing its Active Case Management procedures […]
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SEC Gets Into the Non-Prosecution Agreement Act
Despite fierce Congressional scrutiny in recent years, the Justice Department’s use of deferred-prosecution agreements and non-prosecution agreements continues to soar. And now the Securities and Exchange Commission is taking up the habit. The SEC struck its first non-prosecution agreement in December with children’s clothing retailer Carter’s, eleven months after the launch of its Enforcement Cooperation […]
