Appointment Blogs | Compliance Week – Page 320
-
Blog
Castlight Health Names Chief Compliance Officer
Castlight Health, a cloud technology company for the healthcare industry, has appointed Jennifer Chaloemtiarana as general counsel and chief compliance officer. Chaloemtiarana joins Castlight from Levi Strauss, where she was senior counsel. Details inside.
-
Blog
New Conflict Minerals Reporting Template Improves Smelter Identification
Image: Title: RohwerThe latest version of the Conflict Free Sourcing Initiative’s Conflict Minerals Reporting Template is now available. The report provides information on which countries smelters and refiners get their minerals from. The latest version of the report provides improved translations and a more accurate approach to smelter identification. “By ...
-
Blog
EU Financial Services Commissioner Will Press on With Reforms
Image: Title: HillNov. 12—The new EU commissioner for financial services has pledged to continue implementing numerous reforms sparked by the 2008 financial collapse, but cautioned lawmakers to assess the effect new regulations have on growth and jobs. Jonathan Hill, commissioner for financial stability, financial services, and capital markets union, said ...
-
Blog
EU Approves New Damages Directive for Antitrust Violations
Image: Title: VestagerNov. 12—A new law approved by European Union lawmakers this week is designed to make it easier for companies suffering damages due to antitrust violations to seek compensation anywhere within the bloc. The damages directive includes new rules regarding disclosure of evidence and allows a decision from a ...
-
Blog
Banks Fined $4.3 Billion in Foreign-Exchange Probe
In a highly-anticipated series of settlements, regulators from the United Kingdom, United States, and Switzerland today slapped six banks with a total of $4.3 billion in fines to resolve charges that they manipulated the foreign exchange currency-trading market. JPMorgan and Citibank will pay the largest total in fines of $1 ...
-
Blog
Creating Order in World of Data Chaos
The massive accumulation of information can overwhelm companies, creating compliance risks and vulnerability to privacy breaches, while also driving up the cost of e-discovery. To meet the challenge of information governance, companies are mapping out existing systems where data resides and may be managed. Inside, columnist Jose Tabuena looks at ...
-
Blog
Why We Should Be Asking, ‘Can We Talk?’
Title: Why We Should Be Asking, ‘Can Whether or not you liked her humor, Joan Rivers was a force of nature, perhaps best known for her catchphrase, “Can we talk?” The line captures an idea that fits very nicely into a business setting. It means there’s something important we need ...
-
Blog
KPMG Alliance With Flexera Helps Companies Improve Software License Management
KPMG this week entered into an alliance with Flexera Software, a provider of software license optimization solutions, to offer holistic software asset management and license optimization software and services to enterprise customers. The alliance will help companies improve their operational capability, effectively manage their software license estate, help optimize spend ...
-
Blog
Companies Lack Transparency on Foreign Operations, Report Says
The world’s largest companies don’t disclose much information about operations outside their home country and are often tight-lipped about anticorruption efforts, says a new report from Transparency International. The lack of granularity, it adds, will leave the largest oil, gas, and mining companies ill-prepared for forthcoming rules from the European ...
-
Blog
Former Pfizer General Counsel Joins Blue Buffalo Board
Blue Buffalo, a natural pet food company, has appointed Amy Schulman to its board of directors. Details inside.
-
Blog
Getting to Know Attorney General Nominee Lynch
Following President Barack Obama’s nomination this week of Loretta Lynch as the next top chief of the Department of Justice, many in Corporate America may be wondering what the transition will mean for the agency’s enforcement priorities. “She has spent years in the trenches as a prosecutor, aggressively fighting terrorism, ...
-
Blog
Podcast: Banks Double Down on AML Compliance
A recent survey by accounting firm Kaufman Rossin found that many banks plan sizeable increases to their budget for anti-money laundering compliance over the next 12 months. In this week’s podcast, we talk to Ivan Garces, a risk advisory services principal at accounting firm Kaufman Rossin about the evolving risk ...
-
Blog
Study: Whistleblowers Are Even More Costly Than You Thought
When whistleblowers tip off the government with information about corporate wrongdoing, the damage can be more costly than otherwise expected, according to a new study. Even before the SEC started offering rewards for actionable information, the assistance of one or more tipsters in an enforcement action increased penalties by an ...
-
Blog
TRACE Launches Business Bribery Risk Index
Image: Title: WrageNov. 11—TRACE International has announced the launch of the TRACE Matrix, a business bribery risk index aimed at the compliance community. Developed in collaboration with research firm RAND, the TRACE Matrix focuses specifically on business activity, rather than broad corruption measures, providing companies with the ability to assess ...
-
Blog
Justice Scalia: Congress, Not SEC, Must Define Insider Trading Laws
On November 10, 2014, the U.S. Supreme Court declined to hear Douglas Whitman's appeal of his August 2012 conviction on two counts of conspiracy to commit securities fraud and two counts of securities fraud. Prosecutors in the SDNY had charged Whitman, a portfolio manager at Whitman Capital, LLC, with engaging ...
-
Blog
SEC Preparing End to IFRS Speculation
The Securities and Exchange Commission may be preparing to put an end to the uncertainty about possible adoption of International Financial Reporting Standards in the United States. SEC Chief Accountant James Schnurr said at a recent conference that he plans to make a recommendation to the full Commission in the ...
-
Blog
Accuvant and FishNet Security Join Forces
Accuvant and FishNet Security, both providers of information-security services and solutions, recently signed a definitive agreement to join forces. This move brings together the complementary strengths of the two organizations, creating a new provider with a broader suite of services, solutions, expertise, and expanded reach to meet customers’ complex and ...
-
Blog
Former Acting General Counsel for HUD Joins Jenner & Block
Damon Smith, former acting general counsel for the Department of Housing and Urban Development (HUD), has joined the law firm Jenner & Block as a partner in its Washington, D.C. office. Smith will be a member of the Government Controversies and Public Policy Litigation and Real Estate Practices. Details inside.
-
Blog
Early Agenda Announced for Compliance Week 2015
Image: Title: KellyGood news for compliance, audit, and risk executives looking to have a good time next year: We’ve announced the first few sessions on the agenda for the Compliance Week 2015 conference! Antitrust compliance, risk analytics, GRC technology implementation, training programs, the CCO's role in discipline—we will have all ...
-
Blog
Life Comes at You Fast, Part II: Eike Batista
"Life comes at you fast," doesn't it Eike Batista? (Just ask MC Hammer and Allen Stanford).It has been a very tough recent stretch for former Brazilian billionaire, Eike Batista. In 2012, shortly after he was described by Brazil's President, Dilma Rousseff, as "our standard, our expectation and, above all, the ...