Companies looking to purchase technology to assist in compliance efforts increasingly are turning to systems that allow them to implement controls for both governance and privacy regulations. “Customers are more mature,” says Ron Ben-Natan, chief technology officer of Guardium, a database monitoring and security company. Customers know not to treat each regulation with standalone initiatives, […]
Data Privacy
Posted inData Privacy
Using Technology To Build Your GRC System
This month, Compliance Week and the Open Compliance and Ethics Group present the third installment of our regular series, “GRC Illustrated.” The interactive series—which features visual representations of key governance, risk, and compliance initiatives—is intended to help readers understand how to put principles into practice (Click here for information on the series). In this month’s […]
Posted inData Privacy
Who’s Coming And Going In Governance
Compliance Week regularly tracks various personnel moves, board appointments, product releases, customer wins, and industry gossip in the corporate governance realm. Submit announcements to Compliance Week Assistant Editor Laura Starczewski. From The Regulators Chookaszian Dennis Chookaszian, former chairman and chief executive office of CNA Insurance, has been named chairman of the Financial Accounting Standards Advisory […]
Posted inEthics & Culture
A New Framework For US-EU Hotline Issues
Letters exchanged between the Securities and Exchange Commission and an important study group in the European Union are offering new hints to companies trying to bridge a trans-Atlantic regulatory spat over whistleblower hotlines. The correspondence—swapped between Ethiopis Tafara at the SEC Office of International Affairs and the EU Article 29 Data Protection Working Party—addresses the […]
Posted inData Privacy
The New Congress & Corporate Governance
Last week’s dramatic shift in power in Washington—with Democrats regaining both chambers of Congress—could change the tone of debate on corporate-governance issues and has renewed hopes that Congress might relax aspects of Sarbanes-Oxley. But Beltway-watchers who spoke with Compliance Week say they aren’t anticipating wholesale legislative changes on SOX or other compliance matters. Phan “I […]
Posted inData Privacy
Still A Disconnect Between Compliance, IT
It’s the disappointing truth about much of Corporate America’s IT efforts: Despite years of overhauls, tweaks, and projects, many companies still remain unprepared for lawsuits, audits, or regulatory probes because they lack the IT infrastructure to manage their data effectively and apply it to compliance efforts. So say two recent studies trying to gauge the […]
Posted inEthics & Culture
A Duty To Act When Misbehavior Happens
In the company lunchroom, you overhear a group of employees talking about the new hire in accounting. “I heard he’s been dating Susan in accounts payable for a couple of months,” says one of them. “They met a while back … No wonder he got the job here!” “Yeah,” another employee chirps. “I saw them […]
Posted inData Privacy
The Conflicting State Of Data Privacy In EU
Compliance with data-privacy rules is vexing enough for companies in the United States, with a myriad of rules and jurisdictions, imprecise definitions, and nightmarish bad publicity when things go awry. The novice might guess that compliance in the European Union is even more difficult, with Europe’s added layers of bureaucracy and different cultural norms. Unfortunately, […]
Posted inData Privacy
Building Ethics, Compliance Risks Into ERM
In today’s world of daily and instantaneously communicated risks, crises and scandals related to ethics and compliance—or what we call “E&C” risks—it is no longer simply desirable for companies to have an E&C risk-management program: It is a business necessity. Indeed, it is increasingly crucial to have an E&C risk-management system that is integrated with […]
Posted inData Privacy
Who’s Coming And Going In Governance
Compliance Week regularly tracks various personnel moves, board appointments, product releases, customer wins, and industry gossip in the corporate governance realm. Submit announcements to Compliance Week Assistant Editor Laura Starczewski. Executive Moves ImClone’s board chairman David Kies and William Crouse, a member of the company’s audit committee, have resigned, and Carl Icahn, the second-largest stockholder […]