$16.8 billion Belgium-based Fortis has named Kurt De Schepper as chief risk officer and Antonio Cano as CEO of AG Insurance within the company’s new streamlined management structure. Both appointments are effective Sept. 1 and are subject to the approval of the Banking, Finance, and Insurance Commission. In other news, Fortis has also altered its […]
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 inFrom the Archive
Scout Investment Advisors Appoints CCO
Scout Investment Advisors, a subsidiary of UMB Financial Corporation, has appointed Benjamin Wiesenfeld as chief compliance officer and chief legal counsel. Wiesenfeld will oversee all legal matters relating to Scout Investment Advisors, including administering compliance policies and procedures as well as reporting on legal and compliance matters. Previously, Wiesenfeld was the chief compliance officer and […]
Posted inBoards & Shareholders
Former Oklahoma Congressman Re-Joins Dillard’s Board
$7 billion clothing and home furnishings retailer Dillard’s has named J.C. Watts to its board of directors. Watts replaces James Haslam, who has resigned to focus on other responsibilities. Watts is a former Oklahoma Congressman, a role he held for eight years, starting in 1994. He also served as chairman of the House Republican Conference […]
Posted inFrom the Archive
SEC Names James Kroeker Chief Accountant
SEC Chairman Mary Schapiro has announced the appointment of James Kroeker as the chief accountant in the SEC’s Office of Chief Accountant. In this capacity, Kroeker will oversee accounting interpretations, professional practice issues, and international accounting matters. Kroeker replaces Conrad Hewitt, who retired from government service in January 2009. Kroeker has served as acting chief […]
Posted inFrom the Archive
Choosing Among a Vast Array of CSR Initiatives
Corporate social responsibility programs can be an effective way to achieve numerous environmental, social, and economic goals within a corporation. But with so many approaches to CSR available, executives championing sustainability often don’t know which one to choose. A recent report by the Ethical Corporation Institute, a think-tank based in London, attempted to shed some […]
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Exclusive Report: Perks Still Common, Despite Economy
Despite a vicious economic slump that continues to fuel public outrage over executive pay, Corporate America hasn’t curbed its urge to splurge a whole lot. A Compliance Week study of CEO perks offered at 250 large companies—largely the same sample group we studied in 2007—shows that the median spending on “all other compensation” rose 7.5 […]
Posted inRegulatory Enforcement
DoJ Expands Scope of Bribery Prosecutions
A handful of recent enforcement actions brought under the Foreign Corrupt Practices Act signal that the Justice Department is expanding the scope of its bribery prosecutions, keeping true on its promise that enforcement will intensify. “It’s clear that we will see an increased number of FCPA prosecutions of both companies and individuals in the next […]
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Parker Drilling Appoints Two Executives
Houston-based Parker Drilling Co., a global drilling contractor and service provider, has appointed Philip Schlom as chief accounting officer and corporate controller, and Jon-Al Duplantier as vice president and general counsel. Schlom most recently worked for Shared Technologies, where he served as vice president and corporate controller. He will join Parker on Sept. 8, and […]
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Advanta Eliminates Chief Accounting Role
Small-business credit card provider Advanta has announced that Vice President and Chief Accounting Officer David Weinstock will be terminated, due to the company reducing its workforce. Effective Sept. 1, Chief Financial Officer Philip Browne will assume Weinstock’s duties. Advanta, which continues to suffer mounting losses, said the job cuts are designed to “reduce expenses to […]
Posted inBoards & Shareholders
Former McDonald’s COO Joins Qwest Board
Qwest Communications International has named Michael Roberts to its board of directors. He will also serve on the compensation and human resources committee; and the nominating and governance committee. Roberts currently is CEO of marketing company, Westside Holdings. Formerly, he was with McDonald’s Corp., for nearly 30 years, where he last served as president and […]
