From the Archive

Image: In the latest edition of the Compliance Week podcast, we discuss regulatory and compliance issues facing the financial services world with Todd Cipperman, founding principal of Cipperman Compliance Services. Among the topics we discuss are individual liability, third party compliance reviews, and the continuing buzz around “culture.”

Randall Mehrberg, who has more than 35 years of experience in private practice and as a chief legal counsel and a strategic business leader for multi-billion-dollar public companies, is rejoining Jenner & Block. As partner in its Chicago office, Mehrberg will support the firm’s Corporate, Litigation, and Restructuring and Bankruptcy Practices. He will also help grow the firm’s Energy and Regulatory industry groups.

iRobot, a robotic technology-based solutions company, has appointed Michael Bell to its board of directors, effective immediately. The company also announced several corporate governance enhancements. Details inside.

Beacon Roofing Supply, a distributor of residential and commercial roofing materials and complementary building products, has appointed Gregory Jorgensen as chief accounting officer, effective March 28. In this role, Jorgensen will oversee all accounting operations, financial consolidations, and SEC reporting efforts.

MDU Resources Group has named Jason Vollmer as chief accounting officer, in addition to his role as treasurer, effective March 19. He replaces Nathan Ring, who is resigning effective March 18.

FlexShopper, Inc. has named Ravi Radhakrishnan as chief risk officer.  Radhakrishnan was most recently head of underwriting valuations and senior vice president of consumer card services at Bank of America, where he managed various facets of decisioning, risk strategy and underwriting across a $90 billion credit card asset portfolio.

The California Public Employees’ Retirement System (CalPERS) has selected Marlene Timberlake D’Adamo as chief compliance officer, effective on April 11. In her new position, Timberlake D’Adamo is responsible for all aspects of the enterprise compliance program, including full responsibility for administering a comprehensive compliance monitoring and oversight program in relation to legislative and regulatory requirements and industry guidelines.

The Australian Securities and Investments Commission announced that Hui Xiao, a former managing director of Hanlong Mining, was sentenced today to a total of 8 years and 3 months for insider trading — the longest sentence ever imposed in Australia for that crime. The Xiao case is a nice success story for ASIC, which has not had been able to point to many successes in recent years.

The Non-Financial Reporting Directive requiring all member states to adopt legislation for public company non-financial reporting comes into force on 6 December 2014, giving EU member states two years to transpose it into national law. According to a European Commission impact assessment, those companies have a lot of work to do, as just 2,500 large EU companies currently publish some kind of non-financial report on their business, with 94 percent still to jump into the game.

Jonathan Nuechterlein, former general counsel for the Federal Trade Commission, has joined law firm Sidley Austin as partner and co-leader of the firm’s communications regulatory practice. He also joins the antitrust/competition practice.