The U.S. Supreme Court has ruled that a corporation’s principal place of business is wherever senior management shows up for work to direct company operations, a notable victory in Corporate America’s endless fights with unhappy litigants. In a unanimous decision handed down last month, Hertz Corp. v. Friend, the Supreme Court delivered much-wanted clarity about […]
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.
Posted inBoards & Shareholders
KeyCorp Adds New Board Members
$4.4 billion banking company KeyCorp has named Elizabeth Gile and Edward Stack to its board of directors, effective immediately. Gile is a retired managing director of Deutsche Bank Americas Holding Corporation, where she focused on credit and credit risk management. She has been assigned to the risk-management committee. Stack has served as chairman and chief […]
Posted inAccounting & Auditing
Deloitte Adds Two New Members
Deloitte Corporate Finance, the FINRA member subsidiary of Deloitte Financial Advisory Services, has hired Michael McArthur as a managing director, based in the firm’s Los Angeles office. McArthur has more than 15 years of investment banking experience with a special focus on the healthcare industry. Prior to joining Deloitte, McArthur led the global healthcare corporate […]
Posted inBoards & Shareholders
Wells Fargo Exec Joins Target Board
$65.3 billion retail chain Target Corporation has appointed Wells Fargo & Company chairman, president, and CEO, John Stumpf, to its board of directors. He has not been assigned to any committee at this time. Stumpf is a 28-year veteran at Wells Fargo, having joined the former Norwest Corporation (predecessor of Wells Fargo) in 1982. He […]
Posted inFrom the Archive
Global Compliance Names New CCO
Global Compliance, a global provider of comprehensive, integrated ethics and compliance solutions, has named Nick Ciancio as chief compliance officer. In addition to this new role, Ciancio will remain as president of GCS International. Ciancio has extensive experience in the ethics and compliance industry. He is a member of the Leadership Council for the Open […]
Posted inEthics & Culture
Eli Lilly Creates New Ethics and Compliance Roles
$21.8 billion drug maker, Eli Lilly and Co., said it plans to create four new senior-level ethics and compliance positions to further support the centralized global compliance and enterprise risk management function, the company said in a filing. The establishment of the new positions are part of a deal to settle two shareholder lawsuits over […]
Posted inBoards & Shareholders
Trimble Adds New Member to Board
$1.1 billion Trimble, a wireless technology solutions provider based in Sunnyvale, Calif., has appointed Mark Peek to serve on its board of directors, effective immediately. He has not yet been appointed to serve on any committee. Peek is CFO at VMware, a provider of business infrastructure virtualization solutions. He has more than 25 years of […]
Posted inFrom the Archive
Allstate Hires Chief Risk Officer
$32 billion home and auto insurer Allstate has hired Peruvemba Satish as managing director and chief risk officer. He will report to Judy Greffin, senior vice president and chief investment officer. With nearly a decade of risk-management experience in the hedge fund industry, Satish joins Allstate most recently from Jamison Capital Partners, a New York-based […]
Posted inFrom the Archive
Albemarle Names Chief Compliance Officer
$2.4 billion Albemarle Corp, a provider of highly engineered specialty chemicals, has appointed Nicole Daniel as vice president, chief compliance officer, and corporate secretary, effective immediately. She also will continue in her current role as assistant general counsel. Daniel has served as assistant general counsel and assistant corporate secretary of Albemarle since January 2008. She […]
Posted inData Privacy
Massachusetts’ Tough Privacy Law Takes Effect
Corporate compliance, legal, and IT officers entered a brave new world last week, when Massachusetts’ strict new data privacy law finally went into effect. The law, bureaucratically known as 201 CMR 17.00, took hold on March 1 after a year of delays to quell anxiety among corporations that the specific details of implementation were vague, […]
