All Manufacturing articles – Page 5
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News Brief
Stanley Black & Decker discloses potential FCPA violations
Stanley Black & Decker voluntarily disclosed to the Department of Justice and Securities and Exchange Commission its international division might have violated the Foreign Corrupt Practices Act.
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News Brief
Gentex fined $4M for bonus compensation accounting lapses
Gentex Corp. agreed to pay $4 million as part of a settlement with the Securities and Exchange Commission regarding alleged failures in its internal accounting controls that affected executive and employee bonus compensation programs over several years.
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Blog
Kohler promotes SVP of HR to chief sustainability, DEI officer
Manufacturing company Kohler Co. announced the promotion of Laura Kohler to be its first chief sustainability and diversity, equity, and inclusion officer.
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News Brief
Danfoss to pay $4.4M in OFAC sanctions settlement
Danish manufacturer Danfoss agreed to pay nearly $4.4 million to settle allegations a subsidiary violated U.S. sanctions by running payments from customers based in Iran, Sudan, and Syria through the foreign branch of a U.S. financial institution.
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Premium
Does ESG offer opportunity? Or is it just another area for compliance friction?
Compliance practitioners share their experiences navigating responsibilities related to environmental, social, and governance without stepping on the toes of other colleagues.
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Article
Terex adds sustainability to chief compliance officer’s title
Global manufacturer Terex Corp. announced Stacey Babson Kaplan has been promoted to senior vice president, chief sustainability and compliance officer.
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Article
SEC orders Koppers Holdings to pay $1.3M for disclosure failures
Koppers will pay $1.3 million to the Securities and Exchange Commission to settle allegations it failed to disclose material information about its debt in fiscal year 2019.
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Article
Chemours promotes strategic planning VP to general counsel
Chemistry company Chemours announced the promotion of Vice President of Strategic Planning Kristine Wellman to senior vice president, general counsel and corporate secretary, effective Oct. 1.
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Premium
Q&A: Flex CECO Andy Powell on scorecard to measure ethical culture
Andy Powell, senior vice president and deputy general counsel, chief ethics and compliance officer at Flex, discusses with Compliance Week the company’s approach to ethics and compliance and how he sees the profession evolving.
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Article
Tenaris to pay $78M to settle FCPA charges over bribes in Brazil
Tenaris, a global manufacturer of steel pipe products, agreed to pay more than $78 million to the SEC to settle charges it violated the Foreign Corrupt Practices Act by paying more than $10 million in bribes to a Brazilian government official.
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Article
Best practices, common pitfalls in working in high-risk countries
A panel of compliance professionals discussed the increasingly relevant topic of working in high-risk countries, sharing their experiences and lessons learned at Compliance Week’s National Conference in Washington, D.C.
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Article
EU industries put to test as Russian invasion of Ukraine persists
Less than two months since Russia invaded Ukraine, a range of industries across Europe have issued stark warnings about supply chain shortages, production shutdowns, and price hikes. The worst may still be yet to come, particularly in Germany.
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Article
Ex-coal company exec charged with FCPA violations
Former coal company executive Charles Hunter Hobson was arrested on charges of violating the Foreign Corrupt Practices Act, laundering funds, and receiving kickbacks in an alleged bribery scheme in Egypt, the Department of Justice announced.
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Article
TRACE: U.S. bribery enforcement continued decline in 2021
The number of U.S. foreign bribery enforcement actions slowed notably in 2021, while the overall pace of transnational anti-bribery enforcement actions and investigations lagged worldwide, according to TRACE International’s latest enforcement report.
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Article
Cummins names chief risk officer, head of ESG strategy
Power solutions company Cummins has named Mark Sifferlen as its first vice president - chief risk officer and leader of environmental, social, and governance strategy.
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Article
Schindler names new deputy CCO, fills other compliance roles
Elevator and escalator manufacturer Schindler (U.S.) recently appointed Karen Espinosa-Catalfamo as deputy chief compliance officer and Olivia Carter and Iriana Vera as area compliance & ethics officers.
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Article
Kimball Electronics chief compliance officer to retire
Manufacturing solutions provider Kimball Electronics announced the retirement of John Kahle as vice president, general counsel, chief compliance officer, and secretary, effective Dec. 31. He will be succeeded by Douglas Hass.
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Article
Honeywell records charge of $160M in FCPA probe
Honeywell International has recorded a charge of $160 million in accrued liability concerning an investigation by U.S. and Brazilian authorities as to whether the company’s use of third parties in Brazil violated the FCPA.
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Article
Strategic Materials names chief compliance officer
North American glass recycler Strategic Materials has named Sherry Williams as its chief compliance officer.
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Article
Anti-corruption leaders share upsides of remote compliance program
COVID-19 has altered how companies operate their anti-corruption compliance programs, but not necessarily for the worse, according to experts from PepsiCo and Cook Group who shared their experiences at a recent Diligent virtual summit.