Appointment Blogs | Compliance Week – Page 298

  • Blog

    Northeast Bancorp Appoints Chief Risk Officer

    2015-03-05T14:45:00Z

    Northeast Bancorp has appointed Brian Pinheiro as chief risk officer. Details inside.

  • Blog

    Pulaski Bank Names Chief Compliance Officer

    2015-03-05T11:30:00Z

    Pulaski Bank has hired Mark Wofford as chief compliance officer. CEO Gary Douglass said the new appointment will help the bank effectively deal with "the significant compliance risks posed by the proliferation of additional regulation in the banking industry.” Details inside.

  • Blog

    Peapack-Gladstone Names Chief Compliance Officer

    2015-03-05T11:15:00Z

    Peapack-Gladstone Financial and Peapack-Gladstone Bank, a bank holding company with total assets of $2.7 billion, have appointed Maureen Hemhauser as chief compliance officer. Hemhauser will be responsible for overseeing the bank's compliance program, including compliance with the Bank Secrecy Act, OFAC, and anti-money laundering compliance. Details inside.

  • Blog

    MSRB Names Chief Compliance Officer

    2015-03-05T11:15:00Z

    The Municipal Securities Rulemaking Board has promoted Deputy General Counsel Lawrence Sandor to the new position of chief compliance officer, in which he will be responsible for managing the MSRB’s corporate governance, regulatory support, internal legal and compliance activities. Sandor reports to the MSRB’s new chief legal officer, Robert ...

  • Blog

    Merz Pharma Appoints Two New Compliance Chiefs

    2015-03-05T11:00:00Z

    Healthcare company Merz North America has appointed Salisa Hauptmann as chief compliance officer, effective March 9. As a key part of this transition, Katrina Church has been appointed chief compliance officer for Merz Pharma Group, the Frankfurt-based parent company of Merz North America. Details inside.

  • Blog

    Compliance Week Europe Conference Takes Shape

    2015-03-04T15:00:00Z

    Image: Compliance Week is delighted to announce that planning for our 2015 Compliance Week Europe conference is now underway, and we are thrilled about how things are falling into place. Registration for the event is now open, so if you are a compliance officer anywhere from Ireland to Ukraine, we ...

  • Blog

    Congressman Lynch Offers First 'Post-Newman' Bill Banning Insider Trading

    2015-03-04T14:00:00Z

    As I wrote here last month, the Second Circuit's decision in U.S. v. Newman has resulted in a flurry of recent pleas from people such as Mark Cuban, James Stewart and others for Congress to, finally, define the law of insider trading. On Monday, Congressman Stephen F. Lynch (D-Mass.) ...

  • Blog

    U.K. Financial Regulator Boosting Individual Accountability, Audit Rules

    2015-03-04T13:30:00Z

    Image: Title: BaileyThe U.K. Prudential Regulation Authority says individual senior managers of financial firms could face sanctions if a breach occurs in their area of responsibility and it’s proven the manager took no reasonable steps to avoid it. “Our new accountability regime will hold all senior managers, including non-executive directors, ...

  • Blog

    Globally, Audit Inspectors Find Big Problems

    2015-03-04T13:00:00Z

    U.S. audit regulators are not the only ones alarmed by high rates of busted audits. Around the globe, audit regulators who are members of the International Forum of Independent Audit Regulators compared notes and found nearly half of the audits they inspected in 2014 contained deficiencies that suggest the audit ...

  • Blog

    EU Agencies Slow to Implement Whistleblowing Policies

    2015-03-04T12:45:00Z

    Image: Title: O'ReillyDespite a year-old mandate to implement internal whistleblowing rules, only the European Commission and the Court of Auditors have followed through, according to EU Ombudsman Emily O’Reilly. O’Reilly said, “The public needs to know that the EU institutions welcome whistleblowing and protect whistleblowers against retaliation to make ...

  • Blog

    Google Realigns Amid Regulatory Heat

    2015-03-04T11:45:00Z

    Google’s executive chairman Eric Schmidt met with the EU’s new antitrust chief on Monday. The search engine giant is being scrutinized by regulators for engaging in anticompetitive practices, potential antitrust violations, and oversight of privacy issues. In response to the mounting regulatory pressure, the company has realigned its European operations. ...

  • Blog

    Europe’s Banks at Risk for Security Breaches

    2015-03-04T11:30:00Z

    Significant loopholes exist in many of Europe’s top banks, and concerns about cyber-breaches have skyrocketed, according to a new European Commission report. Despite the sheer complexity of IT systems, hackers have still made their mark on the financial services industry over the years. While banking IT systems have become more ...

  • Blog

    SEC Nixes Proposed Deadline for Extractive Payments Rule

    2015-03-03T17:30:00Z

    The deadline demanded by Oxfam America for a final rule requiring oil, gas, and mining companies to disclose payments made to foreign governments is “unachievable,” the SEC said in a recent legal brief. The brief is the Commission’s final word in a lawsuit Oxfam America filed in 2014 over delays ...

  • Blog

    Gasp! An End to Proxy Access Wars?

    2015-03-03T16:00:00Z

    A funny thing happened on the way to a 2015 annual meeting season expected to be polarized by the return of shareholder access to the proxy: a possible path to consensus emerged, led by General Electric. This week, columnists Stephen Davis and Jon Lukomnik trace how regulators, activists, and companies ...

  • Blog

    SEC’s Ceresney: Common FCPA Violations in Pharma Industry

    2015-03-03T15:15:00Z

    Image: From remarks last week at a conference in Washington D.C., SEC Director of Enforcement Andrew Ceresney highlighted three types of Foreign Corrupt Practices Act misconduct that most often arise in the pharmaceutical industry: pay-to-prescribe, formulary drugs, and charitable contributions. More of Ceresney’s observations are inside.

  • Blog

    Willis Lease Finance Adds New Board Member

    2015-03-03T14:30:00Z

    Willis Lease Finance, an independent jet engine lessor in the commercial finance sector, has elected Robert Keady to its board of directors, effective immediately. Keady also will serve on the compensation and audit committees. Details inside.

  • Blog

    Akamai Self-Reports FCPA Probe

    2015-03-03T10:30:00Z

    Akamai Technologies disclosed in its annual report with the SEC that it is conducting an internal investigation related to potential violations of the Foreign Corrupt Practices Act. The cloud services provider said it voluntarily reported the internal investigation to the SEC and Department of Justice last month. Details inside.

  • Blog

    Latest GRC Survey Shows Disconnect on Risk

    2015-03-03T10:15:00Z

    Yet more findings—these from Grant Thornton—reveal that audit committees and chief audit executives differ on priorities. According to the survey, audit committees rank financial risk as most important for internal audit, followed by compliance, operational, and strategic risks. CAEs, however, give compliance risk top billing, followed by operational, financial, and ...

  • Blog

    Amber Road Acquires ecVision

    2015-03-03T09:45:00Z

    Amber Road, a provider of global trade management solutions, has acquired ecVision, a cloud-based provider of global sourcing and collaborative supply chain solutions. “This acquisition delivers value for Amber Road customers by providing new global supply chain capabilities to increase product innovation while balancing product compliance risks and costs ...

  • Blog

    AECOM Names General Counsel

    2015-03-02T16:00:00Z

    Engineering design company AECOM has appointed Carla Christofferson as general counsel. In this role, Christofferson will oversee all aspects of AECOM’s global legal function, including risk management. Details inside.