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Compliance Book of the Month: Cyber War

You canโ€™t help but wonder how much Cyber War: The Next Threat to National Security, was written to enhance the reputation and revenue stream of its primary author, Richard Clarke. After all, he was the anti-terrorism official from the Clinton and Bush Administrations who publicly apologized in 2004 for failing to stop the Sept. 11 […]

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Supply Chain Risks in the Personnel Department

The Bureau of Labor Statistics released a rather intriguing report yesterday that should give compliance and financial reporting executives pause: the labor market is getting tighter. More people quit their jobs in March (1.87 million) than were laid off (1.83 million). It was the second consecutive month weโ€™ve seen the โ€œquit rateโ€ exceed the pace […]

Posted inRisk Management

Housing Regulator Warms to Third-Party Risk

We often talk around here about the risks that corporations face from their third parties: resellers, distributors, venture partners and so forth. Typically that discussion is in the context of the Justice Department or Securities and Exchange Commission cracking down on the risk of bribery. Well, now the Federal Housing Administration is getting in on […]

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When Investors Say Bad Things on Pay

Shareholders had their say on pay at two U.S. corporations last weekโ€”and for the first time ever in this country, the answer was โ€œno.โ€ Motorola held its annual meeting on May 3, where only 45 percent of shareholders cast votes in favor of its executive compensation plan; 44 percent voted against it, and 10 percent […]

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Editorial: The Regulator Dilemma: No Right Answer

As you can see from our front page this month, Compliance Week recently hosted another editorial roundtableโ€”this time looking particularly at compliance challenges in the life sciences sector. We donโ€™t usually do that; every industry has its own unique compliance burdens that donโ€™t carry much significance for other industries, and in a sector as highly […]

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Putting Pornography to Good Use

Letโ€™s talk about pornography. Personally, Iโ€™d rather keep picking about the Securities and Exchange Commissionโ€™s fraud charges against Goldman Sachs, or the kabuki theater transpiring in the Senate this week before lawmakers go ahead and approve the regulatory reform bill everyone already knows will pass. But occasionally more interesting news crops up, and such was […]

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Compliance Book of the Month: Switch

We donโ€™t often talk about the importance of psychology in corporate compliance. Thatโ€™s unfortunate, because most of a compliance officerโ€™s work ultimately stems from employees behaving badly, or from efforts to make them not behave badly. Thatโ€™s why Switch: How to Change Things When Change is Hard, is worth putting on your reading list. Yes, […]

Posted inRisk Management

Goldman Analysis: Lessons for CCOs

The fraud charges leveled against Goldman Sachs on Friday areโ€”or more accurately, could beโ€”a pivotal moment as the United States continues its long, slow extrication from the financial crisis. The 22-page complaint filed by the Securities and Exchange Commission is almost too painful to read, filled with damning e-mail excerpts and fact patterns sure to […]

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Mendelsohn Takes His Leave

I could be cute and say, โ€œFarewell, Mark Mendelsohn, we hardly knew ye!โ€ but that would not be accurate. For most corporate compliance officers at U.S. corporations, Mark Mendelsohn has loomed large in their lives at least figuratively, and often personally, for years. No longer. Mendelsohn, of course, was the Justice Departmentโ€™s point man on […]

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Chief Compliance Officers, SEC-style

Let’s dispense with the obvious right away: the Securities and Exchange Commission’s new chief compliance officer is named Kathleen Griffin. She has the same name as the comedian Kathleen Griffin, who hosts a stand-up show on cable TV about achieving minor fame and having lots of gay friends. The lawyer Griffin has the same name […]

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