Image: More informed people than me can, and have, painted crisp pictures of the regulatory chaos currently unfolding in China. The latest is an excellent article in the Wall Street Journal today, “China’s Response to Stock Rout Exposes Disarray,” that is well worth your time if you do business there.
Matt Kelly
Posted inUncategorized
Why Obsess Over CEO Pay? Well, Why Wouldn’t We?
Image: While we all await the SEC’s final CEO pay ratio disclosure rule this week, let’s remember the ethical subtext beneath all this: CEO pay is still too large for most people’s liking, and income inequality is too. Until companies learn how to solve those challenges internally as a governance matter, Compliance Week Editor Matt Kelly writes, expect them to be solved externally as a compliance matter. More inside.
Posted inFrom the Archive
De-Apptivating Our Way Into the Future
An update for anyone who might still be using the Compliance Week app, first unveiled to the world in late 2013: we have decommissioned our app, in favor of our responsive-design website.If you want to read Compliance Week through your tablet, smart-phone, or any other mobile device, just save our website as its own icon on your screen. Everything will work just fine.
Posted inAccounting & Auditing
IASB Proposes Updates on Revenue Standard
The International Accounting Standards Board has floated a few ideas to help clarify the new revenue recognition standard, and is asking for public comment on the proposals. All three clarifications address performance obligations under the new standard and seek to clarify questions such as who is a principal or agent, and how to handle licenses for intellectual property. Details inside.
Posted inUncategorized
How Hard Is Audit Committee Reform? Here’s One Example
Image: The SEC has asked for public comment on possible changes to the disclosures audit committees are required to make, and let’s be honest: for a subject this thorny, the SEC needs all the help it can get. Compliance Week editor Matt Kelly explores one example of reform—communication between audit committee and external audit firm—and the policy free-for-all it might provoke. More inside.
Posted inFrom the Archive
Mid-Year Look at Corporate Compliance in 2015
Image: Six months ago Compliance Week Editor Matt Kelly picked six events to watch in corporate compliance for 2015: political risk, Republican activism, confusion over revenue recognition, and more. With the year half over—and in the interests of holding people accountable, including Compliance Week editors—now seems a good time to revisit those predictions and see how the year has been unfolding so far.
Posted inFrom the Archive
Get Ready For the Biggest Stress-Test of Them All
Image: Greece in default, China teetering on recession, stock markets shuddering worldwide and interest rates poised for their first increase in years—suddenly, all those exercises in risk management that banks have done in the Dodd-Frank era face their ultimate test. The only problem, writes Compliance Week editor Matt Kelly: Dodd-Frank stress tests never quite considered the scenarios confronting us now. More inside.
Posted inFrom the Archive
Uber Decision Underlines Tough Questions Coming on Corporate Culture
Image: Last week the California Labor Commission ruled that an Uber driver is indeed an employee of Uber, not an independent contractor as Uber had argued. Compliance officers should take note, editor Matt Kelly says, because the case raises questions about the importance of corporate culture and the future of work—when the future of work for many people looks kinda crappy. More inside.
Posted inRegulatory Enforcement
Gallagher Uncorks on SEC Action Against CCOs
Image: SEC Commissioner Dan Gallagher, often a contrarian voice at the agency, spoke up again last week to denounce recent enforcement actions against compliance officers at investment advisory firms. Gallagher panned the SEC rule that dictates how investment advisers establish compliance procedures, and he railed that “the Commission seems to be cutting off the noses of CCOs to spite its face.” Details inside.
Posted inFrom the Archive
Help! Advisory Board Wanted for CW 2016 Conference
Image: It is that time of year again, Compliance Week enthusiasts: fresh off our hugely successful 2015 annual conference, we now are starting to plan our 2016 event happening next year. As always, we need your help. We are looking to recruit a small group of compliance professionals to serve on the advisory board for our 2016 conference, to be held May 23-25 in Washington, D.C. Editor Matt Kelly has more details inside.