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Basic Page
Chinese steel, artificial sweetener from Xinjiang now banned under UFLPA
Steel and an artificial sweetener made by two Chinese companies using forced labor have been banned from entering the U.S. under the Uyghur Forced Labor Prevention Act.
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Blog
Leviton’s sustainability chief to also serve as COO
Leviton, which offers a wide range of lighting controls, wiring devices and networking, announced the appointment of its chief sustainability officer Ross Goldman as a chief operating officer.
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Blog
AMMO names compliance chief as CFO
AMMO, which designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense, announced that Paul Kasowski, who has served as the company’s chief compliance and transformation officer, has been appointed as the new chief financial officer.
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News Brief
AAR Corp. discloses former exec implicated in Nepal, South Africa FCPA violations
Aviation maintenance services provider AAR Corp. disclosed that several former employees may have bribed officials in Nepal and South Africa to win contracts, and chose to self-report violations of the Foreign Corrupt Practices Act to authorities in the U.S. and U.K.
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Premium
How lax compliance led three defense companies to give military secrets to U.S. adversaries
There are dozens of ways foreign countries can get their hands on U.S. military secrets, including cyberhacking, espionage, theft, and more. But one increasingly concerning way has been through unintentional disclosures by trusted defense contractors, including Boeing, 3D Systems Corp., and RTX Corp., parent company of Raytheon.
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Blog
Sabert adds sustainability chief
Sabert Corporation, a leading global manufacturer of innovative and sustainable food packaging solutions, announced the appointment of Richa Desai as chief sustainability and strategy officer.
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Blog
Perrigo appoints general counsel
Self-care products provider Perrigo Company announced the appointment of Charles Atkinson as executive vice president, general counsel and secretary.
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Blog
Holcim announces group general counsel
Holcim, which manufactures building materials, announced that Lukas Studer, general counsel corporate and M&A, is appointed group general counsel, effective Nov. 1.
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News Brief
John Deere to pay $10M to settle FCPA violations by subsidiary in Thailand
Illinois-based manufacturer John Deere will pay approximately $10 million in penalties and disgorgement to the Securities and Exchange Commission for violating the Foreign Corrupt Practices Act with bribes paid by a Thai subsidiary.
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News Brief
SEC fines Esmark, CEO combined $600K over false offer to U.S. Steel Corp.
A privately held family company and its CEO, who announced a $10 billion bid to buy U.S. Steel without having the cash on hand, will pay $600,000 in penalties to the Securities and Exchange Commission for making materially false statements.
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News Brief
SEC penalizes seven firms $3M total for impeding whistleblower protections
Seven public companies will pay a total of $3 million in fines for requiring employees to sign agreements containing provisions that impeded their ability to report misconduct to the Securities and Exchange Commission.
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News Brief
CISA creates new portal for businesses to file cyber incident reports
The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency has created a new online portal for organizations to voluntarily report cybersecurity incidents, including ransomware attacks.
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Blog
Eastman names chief legal officer
Eastman Chemical Company announced that Iké Adeyemi will serve as senior vice president, chief legal officer, and corporate secretary, effective Sep. 9.
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Blog
Anderson Corporation welcomes sustainability chief
Windows and doors’ manufacturer Anderson Corporation announced George Bandy has joined the company as its new vice president and chief sustainability officer.
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Premium
U.K. forced labor ruling raises bar for supply chain monitoring
Companies will need to tighten up how they monitor their supply chains after a recent U.K. ruling determined that corporates could be open to money laundering charges if they fail to act in cases where they believe there is a risk of forced labor.
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Premium
Compensation survey pegs annual pay at $419K for public company CCOs
Annual pay and bonus compensation for chief compliance officers at public companies jumped to $419,000 since 2023, while CCOs at private companies saw a slight decrease to nearly $300,000, according to a new compensation survey.
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News Brief
OFAC sanctions entities providing electronic components for Iranian weapons
Five individuals and seven entities in Iran, China, and Hong Kong have been targeted for U.S. sanctions by the Treasury Department’s Office of Foreign Assets Control for helping to obtain components used in Iran’s missles and drones.
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Blog
Ingevity names general counsel
Chemical manufacturing company Ingevity Corporation announced the appointment of Ryan Fisher as senior vice president, general counsel and secretary.
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News Brief
DOJ orders Prysmian unit to pay $920K over alleged fabricated tests to military
Prysmian Cables and Systems USA agreed to pay $920,000 to settle allegations it falsified tests and compliance certifications concerning cable it sold to the U.S. military for use in vehicles, the Department of Justice said.
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News Brief
French bus part supplier CBM to pay $2.4M to settle DOJ fraud allegations
A French bus parts supplier will pay more than $2.4 million in penalties, disgorgement, and restitution to settle charges that it fraudulently misled its U.S. customers about the source of some of its parts.