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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aly McDevitt2023-05-08T16:00:00
Editor’s note: Compliance Week’s four-part case study, “Reaching into the value chain: How Flex helps drive sustainability beyond its walls,” is available exclusively to CW members.
The year Revathi Advaithi came on board as chief executive officer of Flex—2019—proved to be a hinge point for the global manufacturer.
Her arrival, along with rising global awareness of the urgency of climate action, accelerated the company’s momentum toward increasingly ambitious environmental, social, and governance (ESG) targets. It became the year designated as ground zero for future sustainability initiatives. Between now and 2030, Flex’s environmental impact metrics are measured against 2019’s base-year data.
By all accounts, Advaithi and her executive team inspired a cultural transformation in the company. Flex’s Chief Ethics and Compliance Officer Andy Powell confessed prior to Advaithi’s arrival the company’s culture needed a turnaround.
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2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-03-21T16:00:00Z By Aly McDevitt
Both JPMorgan Chase and Deutsche Bank retained their respective Jeffrey Epstein relationships for too long. Yet, there is a case to be made for why exiting a high-risk relationship too soon can become an inverse form of recklessness.
2024-03-20T16:00:00Z By Aly McDevitt
Why did JPMorgan Chase retain Jeffrey Epstein for more than a dozen years? How did the relationship persist despite glaring red flags? The “why” is straightforward; the “how” is more complicated.
2024-03-19T16:00:00Z By Aly McDevitt
Jeffrey Epstein’s designation as a high-risk client should have subjected him to enhanced due diligence that never appeared to occur, most notably at Deutsche Bank. Instead, Epstein was allowed to continue his misconduct despite numerous red flags.
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