$11.7 billion agricultural product developer Monsanto announced in a regulatory filing that its vice president and controller, Richard Clark, plans to step down, effective Dec. 7. At that time, he will serve as special assistant to CFO and Executive Vice President Carl Casale, until Clark retires Jan. 29, 2010, the company said. Following his retirement, […]
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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Suburban Propane Partners Taps New Executives
$1.5 billion Suburban Propane Partners, a nationwide distributor of propane, fuel oil, and related products and services, as well as a marketer of natural gas and electricity, has announced the appointment of two new executives. Michael Kuglin, the Partnership’s controller, will assume the additional responsibility of chief accounting officer. He will continue to report to […]
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Unilife Taps Independent Board Member
Unilife Medical Solutions Limited has appointed John Lund to its board of directors as a non-executive member. He also will serve as chairman of the audit committee. Lund brings to the board valuable expertise in the areas of SEC reporting and compliance, mergers and acquisitions, and financial analysis, most recently serving as an acquisition accounting […]
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DreamWorks Animation GC to Depart
DreamWorks Animation has announced the departure of its general counsel, Katherine Kendrick. She will be leaving the company when her contract expires at the end of the year in order to devote more time to her ongoing work with a number of philanthropic organizations. Kendrick currently serves on a number of non-profit boards, including the […]
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United General Counsel Leaves Abruptly
$20.1 billion UAL, the parent company of United Airlines, announced in a regulatory filing that its chief legal officer has left the company. In its filing, UAL said Paul Lovejoy, who joined UAL in 2003, has “ceased” to serve as corporate secretary, senior vice president, and general counsel, effective as of Nov. 1. The company […]
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DTCC Appoints New Chief Systemic Risk Officer
The Depository Trust & Clearing Corporation has appointed Anne Noonan to the newly created position of managing director and chief systemic risk officer. She will report to Larry Thompson, DTCC’s general counsel. In this new position, Noonan will oversee the management of the systemic risk framework for DTCC and its subsidiaries to ensure DTCC can […]
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Board Role in Succession Planning
Once upon a time, choosing a successor to the CEO wasn’t much of a responsibility for the board of directors. Today it’s one of the most important tasks the board has—and one the board should protect carefully, before shareholder activists hijack the process. Just last week, the Securities and Exchange Commission published new guidance saying […]
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Survey: How Mature Is Your Compliance Function?
Chief compliance officers apparently still have lots of work ahead to turn their compliance efforts into strong, mature programs that can handle the broad range of risks corporations face. That’s according to the findings of a joint study conducted by Compliance Week and Paisley, which polled 386 compliance, legal, and audit executives on the subject. […]
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SEC Appoints Three to New Risk Division
The Securities and Exchange Commission have named three experts in the fields of risk management, structured finance, and corporate transactions to senior positions at the SEC’s newly established Division of Risk, Strategy, and Financial Innovation. The Division was created in September to enhance the agency’s capabilities and help identify developing risks and trends in the […]
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PCAOB Elects Standing Advisory Group Members
The Public Company Accounting Oversight Board has announced 19 new and re-appointed members to its Standing Advisory Group. These members will serve two-year terms beginning in January 2010. New appointments to the SAG are: John Archambault, National Managing Partner of Professional Standards, Grant Thornton; Dennis Beresford, Ernst & Young Executive Professor of Accounting, Terry College […]