The Financial Services Authority has announced that Hector Sants will leave the organization this summer, after three years as chief executive officer. “Hector has given outstanding service and leadership through the turbulent last three years and has played a pivotal role in reforming the FSA into a truly effective organization. He will leave behind an […]
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 inInternal Controls
Study: Policy Management Needs Improvement
Compliance officers might be a bit dispirited by a new study of policy-management efforts in Corporate America, which shows that companies are making some improvements at the task but still struggling to achieve the mythical “effective” compliance program amid increasing regulation and tough budgets. The survey, conducted by consulting firm Duff & Phelps, polled 380 […]
Posted inBoards & Shareholders
Former Morgan Stanley Exec Joins NYSE Euronext Board
NYSE Euronext has appointed Robert Scott, former president and chief operating officer of Morgan Stanley, as an independent member of its board of directors, effective as of Feb. 4. He also has been appointed to the audit committee. Scott was formerly president, COO and a director at Morgan Stanley, a global financial services firm with […]
Posted inBoards & Shareholders
CIT Group Appoints New Chair, CEO
$3 billion CIT Group, a provider of financing to small businesses and middle market companies, has elected John Thain to serve as chairman and CEO. He replaces Peter Tobin, who has been acting as interim CEO, and who will remain a director for the company. In his new role, Thain will continue to help with […]
Posted inBoards & Shareholders
Tyson Shareholders Elect Nine Board Members
Shareholders of Tyson Foods have elected nine members to the company’s board of directors, including six independent directors. Those elected to the board include: Chairman John Tyson, who served as chairman and CEO from 2001 until May 2006; as chairman, president, and CEO from 2000 to 2001; as chairman from 1998 to 2000, and in […]
Posted inFrom the Archive
AIG Names General Counsel
Embattled insurance company American International Group has named Thomas Russo, the former top lawyer of Lehman Brothers, as general counsel. He also will hold the position of executive vice president for legal, compliance, regulatory affairs, and government affairs. Russo assumes the general counsel post formerly held by Anastasia Kelly, who resigned in December 2009 over […]
Posted inFrom the Archive
Clearing House Appoints EVP, General Counsel
The Clearing House, a national bank-owned private sector payments provider and industry forum, has named Paul Saltzman executive vice president, general counsel, and head of The Clearing House Association, effective immediately. Saltzman will report to CEO James Aramanda. He succeeds Norm Nelson, who retired after more than 20 years of service. In his new role, […]
Posted inBoards & Shareholders
Symantec Appoints New Board Member
$6.1 billion Symantec has appointed Stephen Bennett, former president and CEO of Intuit, to its board of directors, effective Feb. 8. Bennett joined Intuit after a 23-year career at General Electric, where he managed complex and diverse organizations from consumer appliances to financial services. During his career at GE, he held a variety of key […]
Posted inFrom the Archive
OSG Creates Chief Risk Officer Position
$1.7 billion Overseas Shipholding Group, a marine transportation company, has appointed Janice Smith to the newly created role of chief risk officer. In this position, she is responsible for assessing, managing, and mitigating key areas of global enterprise risk. Smith joined the company in 2007 as deputy general counsel.
Posted inFrom the Archive
DoJ: New Coordinator for Criminal Discovery Initiatives
The Department of Justice has appointed Andrew Goldsmith as the new national coordinator for its criminal discovery initiatives. The position was established as part of the DoJ’s ongoing efforts, initiated last year at the direction of the Attorney General, to review and improve its criminal discovery and case management policies and procedures. As the national […]
