Frank Lopez’s recent Compliance Week guest column, “Tips for Mitigating Whistleblower Risk,” (March 3, 2009) provided a good overview of whistleblower policy, as well as some excellent suggestions for improving the anonymous hotline reporting process overall. It also got me thinking about the importance of moving beyond the hotline, and beyond business-as-usual reporting on risk- […]
Technology
Required Reading for the XBRL Mandate
Corporate compliance officers who don’t already know the Securities and Exchange Commission’s adopting release for its XBRL mandate—and know it well—ought to put it on their summer reading list. That was the advice of SEC officials during a recent public seminar aimed at helping issuers prepare to comply with the new rule that requires them […]
XBRL: More Plans, Still Little Enthusiasm
The XBRL community is launching a new movement to expand corporations’ use of the data-tagging technology to mergers, reorganizations, and similar transactions—even though Corporate America still hasn’t even started complying with a previous mandate to use XBRL in financial statements. At a summit meeting in New York on May 28, several regulators, financial organizations, and […]
Tweet, Tweet: A Guide to Virtual Governance
Directorship is now following you on Twitter,” an innocuous e-mail announced to us last month. What? Could one of America’s board publications be taken with tweets? The answer, which is yes, exposes a broader truth. If there is one thing the financial crisis has spawned, it is a virtual wave of fresh channels of information […]
Choosing From a Plethora of e-Discovery Vendors
Since the Federal Rules of Civil Procedure were overhauled in 2006 to address the complicated issues of electronic discovery in civil litigation, the number of e-discovery vendors has more than quadrupled. But not all vendors—while ready and willing—can fit every client’s unique needs. “The first thing you want to do is figure out what you’re […]
Using XBRL to Attack Systemic Risk
Already hard at work making Security and Exchange Commission filings interactive, XBRL technology now finds itself at the heart of plans to save the U.S. financial system from future calamity. A group of risk-management leaders in the financial industry has begun studying how XBRL might bring clarity and transparency to the murky world of financial […]
eDiscovery Rules for Document Preservation
Technology is often key to helping any business endure a government investigation or lawsuit—and can just as often be the company’s undoing if it navigates the perils of e-discovery poorly. Lackey “The work you’ve done prior to that day is going to determine in large measure how effective you’re going to be in your response,” […]
Blogs: If Used Properly, an Investor-Friendly Tool
Investor relations may finally be entering the world of the blog, an Internet communications concept that began some 10 years ago. Blogs are a wonderful tool with great potential, so of course Corporate America has been late to adopt them. But finally, we’re seeing progress. A few brave CEOs have, for several years, created their […]
Final XBRL Rule Starts New Compliance Push
The Securities and Exchange Commission has finally delivered its mandate—all 206 pages of it—that corporations start filing financial statements using XBRL technology. Published on Jan. 30, the adopting release still follows the schedule SEC commissioners approved in December: The 500 largest public companies must start XBRL compliance this summer, followed by other large filers in […]
Making the Most of ERP Systems for IT Control
Enterprise resource planning software is designed to reach into all corners of an organization and integrate the data throughout the whole company. But when it comes to compliance, cracks remain. ERP systems can show good return on investment for the pieces of compliance that they handle well, such as transaction compliance, segregation of duties, and […]


