McDonald’s has agreed to drop its lawsuit against disgraced former CEO Steve Easterbrook, who will return more than $105 million in equity and cash he received upon the termination of his employment in 2019.
Whistleblowers
Posted inEthics & Culture
Five compliance triumphs from 2021
A key CCO appointment, a company committed to transparency, and a bank that spent big on improving its AML controls highlight CW’s annual list of laudable ethics and compliance moments.
Posted inAccounting & Auditing, Data Privacy, ESG/Social Responsibility, Ethics & Culture, Europe, Financial Services, Internal Controls, Regulatory Enforcement, Risk Management, Whistleblowers
Top ethics and compliance failures of 2021
Systemic risk management lapses at a financial services firm, allegations of toxic culture at a video game giant, and more of the same baffling behavior from one of the world’s largest tech companies comprise CW’s list of the biggest ethics and compliance fails of 2021.
Posted inEthics & Culture
EU Whistleblowing Directive a test for company procedures
Multiple weak points identified with the upcoming EU Whistleblowing Directive could put the burden on companies to determine how to best implement the law, experts discussed during CW’s virtual Europe event.
Posted inSurveys & Benchmarking
SEC rewrites whistleblower record books during historic FY2021
The SEC announced more whistleblower awards to more recipients in fiscal year 2021 than all prior years combined, according to the agency’s annual report to Congress.
Posted inEthics & Culture
Lawsuit: Ex-JPMorgan VP links firing to concerns raised about compliance program
A former compliance executive with JPMorgan Chase alleges she was fired after pointing out flaws in the bank’s compliance program and misrepresentations the bank made to regulators regarding a 2016 settlement of bribery allegations in the Asia Pacific region.
Posted inWhistleblowers
NHTSA issues first-ever whistleblower award of $24M to Hyundai insider
A former Korean safety engineer with Hyundai will receive the first whistleblower award from the National Highway Traffic Safety Administration: A $24.3 million payment for information regarding engine safety issues in 1.6 million Hyundai and Kia vehicles sold in the U.S.
Posted inWhistleblowers
Kelly named chief of SEC’s Office of the Whistleblower
The Securities and Exchange Commission has appointed Nicole Creola Kelly to be the next chief of its Office of the Whistleblower.
Posted inWhistleblowers
SEC awards whistleblower extra $2M for DOJ action
The Securities and Exchange Commission announced a second award to a whistleblower after their information provided led to a successful related action by the Department of Justice.
Posted inAccounting & Auditing
Compliance Week National Conference is going back in person in May
Mark your calendars: Compliance Week’s National Conference in Washington, D.C. will be held in person for the first time in nearly three years from May 16-18, 2022.