With cyber-attacks becoming more frequent and costly for companies, boards are looking to provide more oversight on cyber-security risks, but many are stuck on just how to do it. Earlier this month, during a speech, Securities and Exchange Commission member Luis Aguilar expressed his hope that public companies will consider board-level risk committees to address […]
Risk Management
Posted inBoards & Shareholders
Boards Must Take More Active Cyber-Security Role, SEC’s Aguilar Says
Boards can no longer afford to pass the buck when it comes to cyber-security and would do well to adhere to voluntary government guidelines that could be a portent of eventual mandatory requirements. That was the warning from Luis Aguilar, a member of the Securities and Exchange Commission, during a speech at this week at […]
Posted inAccounting & Auditing
HHS Coming Down Harder on Healthcare Privacy Violations
The Department of Health and Human Services is issuing a stern warning to healthcare providers to take patient privacy issues seriously or suffer hefty fines and penalties. The healthcare regulator issued its largest monetary penalty last month for privacy violations under the Health Insurance Portability and Accountability Act since the law’s enactment 18 years ago. […]
Posted inRisk Management
Compliance Practices in 2014: Good, Bad, and Everything Else
In one sense, compliance officers have plenty of reason to feel good when reading the 2014 Compliance Trends Report, a joint effort by Compliance Week and Deloitte to survey CCOs on a host of issues. More than half of respondents to the survey, unveiled last week at the Compliance Week 2014 conference in Washington, say […]
Posted inAnti-Bribery
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 […]