Risk Management
Managing Third-Party Corruption Risks in Decentralized Companies
Earlier this month, tech giant Hewlett-Packard announced a $108 million agreement with the Department of Justice to settle charges that it violated the Foreign Corrupt Practices Act. The charges centered on the conduct of H-P affiliates in Russia, Poland, and Mexico, and they highlight a trend at the center of many recent FCPA cases: The […]
Winning the Battle to Get ‘Buy-In’ on Compliance
Getting executives and middle managers to “buy in” to the goals of compliance can be an uphill battle at many companies, especially at those where compliance is viewed as an obstacle to getting things done. Some line managers may harbor misconceptions about the role of compliance. They view most compliance initiatives as a nuisance, at […]
Five Big Banks Failed Federal Reserve’s Annual Stress Tests
Five of the nation’s biggest banks flunked their annual Federal Reserve stress tests for 2013. Citibank, the largest on the list, also came up short in 2012, and its back-to-back failures will prevent it from increasing shareholder dividends and moving ahead with share repurchases. The failures are not quite so simple as failing to tuck […]
Studies Find Weaknesses in Data Management Programs
Big Data may be here, but lots of companies are still struggling to get a handle on garden variety information and records management. Indeed, two separate benchmarking reports released last month revealed that even though most companies claim to have information and records management programs in place, many are not up to par, leaving companies […]
More Companies Disclosing Measures of Realized and Realizable Pay
If you’re not familiar with the new compensation metrics—realized and realizable pay—you should be; more and more companies are using them to provide investors with what they consider a more realistic picture of what their top executives are really earning. Companies are providing figures on realized and realizable pay along with the executive compensation numbers […]
Dodd-Frank Act Still a Work in Progress
This is a crucial year for the Dodd-Frank Act. More than 70 percent of its required rulemaking is either proposed or finalized, on track to take effect in the weeks and months ahead. For the first time, enough pieces of the regulatory reform puzzle are snapped into place to make an early assessment of if […]
Saxo Bank Names New Global Head of Finance, Risk Operations
Denmark-based Saxo Bank, an online trading and investment specialist firm, has named Steen Blaafalk as global head of finance and risk operations, effective April 22. In this role, Blaafalk will be responsible for all legal and compliance, finance, risk management and business intelligence within the bank. He also will be a member of the board […]
