- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-09-12T16:10:00
Norfolk Southern Corp., the railroad still cleaning up the environmental and financial damages caused when one of its trains derailed in a small Ohio town, has fired its top executive and chief legal officer after concluding they had an affair that violated company policies.
Norfolk Southern said that a preliminary investigation concluded that CEO Alan Shaw and executive vice president and chief legal officer Nabanita Nag violated company policies by engaging in a consensual relationship, according to a press release Wednesday. The company fired them each “for cause.”
“Shaw’s departure is unrelated to the company’s performance, financial reporting, and results of operations,” the company said.
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2024-05-21T18:04:00Z By Aaron Nicodemus
Martin Gruenberg announced he will step down as chairman of the Federal Deposit Insurance Corporation following the release of an independent review that criticized the agency’s lack of response to employee claims of sexual harassment and discrimination.
2023-02-03T19:35:00Z By Aaron Nicodemus
Activision Blizzard will pay $35 million to resolve Securities and Exchange Commission charges it violated federal securities laws by failing to adequately disclose how its ineffective response to workplace complaints was harming its ability to hire and retain skilled employees.
2023-01-09T19:21:00Z By Aaron Nicodemus
The Securities and Exchange Commission found McDonald’s violated federal securities law when it failed to fully disclose material factors regarding the firing of former Chief Executive Stephen Easterbrook in 2019.
2025-04-30T14:25:00Z By Ian Sherr
We all have terrible attention spans. Understanding how people learn can mean the difference between effective compliance training programs or an eye roll.
2025-04-30T14:03:00Z By Aly McDevitt
The Ukrainian Red Cross Society, CW’s 2025 Compliance Program of the Year award winner, built a full-fledged compliance program from scratch in twenty months during a full-scale war against Russia. “We didn’t just manage logistics; we built momentum,” says URCS’s Chief Risk Officer Dr. Mariia Polomoshnova.
2025-04-29T15:25:00Z By Ian Sherr
Too often, compliance professionals do their jobs only to receive a pink slip at the end. Panelists at Compliance Week’s 20th Anniversary National Conference in Washington, D.C. this week said compliance professionals need regular access and reporting lines to CEOs and boards of directors, and to feel free to speak ...
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