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A comprehensive look at the new General Data Protection Reg
Ebook, September 20, 2017In this e-Book, we explain in detail what the GDPR is and what new changes it demands from companies that collect or process personal data on EU citizens. Examples of questions that will be answered include: Under what circumstances is a data protection officer required? What are the steps toward GDPR readiness? What comprehensive role does compliance play in GDPR readiness? What new technology exists to assist?
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News Article
Ready for Justice Department scrutiny of your compliance program?
Gejaa Gobena | November 29, 2016
Nobody wants the Department of Justice to take a critical look at their compliance program. But Gejaa Gobena has some tips for how to survive the process.
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News Article
Regulators send a perverse message by using our compliance programs against us
Joe Murphy | November 15, 2016
The degree to which organizations’ compliance programs are being used against them by regulators is creating a perverse incentive system, writes Joe Murphy.
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News Article
Is CSR Part of the Compliance Operation?
Howard Stock | May 19, 2015
Corporate social responsibility is now big business in Europe. How the compliance function intersects with CSR, however—and what role the compliance officer should play in CSR oversight—is still unclear. In the final part of our series on CSR, we look at how several European companies are trying to embed CSR principles into their business processes and how experience with compliance programs shapes those efforts.
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News Article
SEC Whistleblower Program’s Latest Threat: Its Success
Karen Kroll | December 2, 2014
Corporate compliance officers may have a new reason to be uncomfortable with the Securities and Exchange Commission’s whistleblower program: how well it appears to be working. Tips are flooding into the SEC, including 3,620 in fiscal year 2014 alone. “The SEC has institutionally embraced the whistleblower statute,” says Brian Kenney, senior partner with Kenney & McCafferty.
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Alert
Sustainability Reports Mature, Focus Now Shifts to Materiality
Jaclyn Jaeger | July 1, 2014
New sustainability standards are emerging to help companies identify and report the risks related to their environmental, social, and corporate governance efforts in their annual reports. As companies seek to take their sustainability reporting to the next level, the focus is on materiality. "One of the challenges in sustainability reporting has been how to determine what's material—what matters most to stakeholders," says Frank O'Brien-Bernini, chief sustainability officer of Owens Corning.
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News Article
Sustainability Reports Mature, Focus Now Shifts to Materiality
Jaclyn Jaeger | June 30, 2014
New sustainability standards are emerging to help companies identify and report the risks related to their environmental, social, and corporate governance efforts in their annual reports. As companies seek to take their sustainability reporting to the next level, the focus is on materiality. “One of the challenges in sustainability reporting has been how to determine what’s material—what matters most to stakeholders,” says Frank O’Brien-Bernini, chief sustainability officer of Owens Corning.
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News Article
Beware of Bizarre and Far- Fetched Whistleblower Claims
Jaclyn Jaeger | April 22, 2014
Most companies do an adequate job of investigating serious whistleblower claims and protecting those who make them from illegal retaliation. It is the bizarre, far-fetched claims, or claims from problematic employees and serial reporters, however, where many companies get tripped up. "That's where some companies run into legal trouble," says Heather Sager, a member of the labor and employment group at law firm Vedder Price. "They reach a conclusion before they do the investigation."
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News Article
Court Ruling Could Push Private Cos. on Compliance Programs
Jaclyn Jaeger | March 18, 2014
A U.S. Supreme Court decision earlier this month has expanded whistleblower protections under the Sarbanes-Oxley Act to private companies that contract with public companies. The ruling could force many private companies to adopt compliance policies for investigating and handling whistleblower complaints. "Private companies might have felt like they had a free pass in the past," says Randy Stephens, vice president of advisory services for NAVEX Global. "This decision clearly ends that misconception."
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The Big Picture Blog
Keynote Speakers Announcedfor Compliance Week 2014
Matt Kelly | January 21, 2014
The Compliance Week 2014 conference, happening May 19-21 in Washington, is shaping up to be another stellar summit meeting of all things risk, audit, and compliance. Keynote speakers include Jay Jorgensen, global compliance chief for Walmart, plus officials from the SEC and Justice Department. Other speakers include compliance executives from McDonald's, Adobe, AirBnB, Terex, International Paper, Aflac, the University of Miami, and elsewhere. Details inside.
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News Article
Compliance, Ethics Head List of Top General Counsel Worries
Jaclyn Jaeger | February 20, 2013
Despite calls from enforcement agencies to separate the legal and compliance roles, general counsels still worry about compliance and ethics. According to a recent survey, 87 percent of in-house counsel ranked them as the biggest concerns over the past year, and 61 percent said they spend the most time on compliance issues. "Compliance and ethics topics seem to move higher in priority every year," says Christopher Santomassimo, general counsel and chief compliance officer of Agfa Corp.
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News Article
IT Systems to Make Policy Management Worth the Effort
Michael Rasmussen | October 30, 2012
Document-centric approaches to policies—that lack technology to manage communication and enforcement—are a recipe for disaster, and could actually cost companies more, since they expose them to ineffective policy management. In the latest installment of our GRC Illustrated series, we look at how IT systems can be put to work for policy management, so the compliance team can, you know, actually enforce things.
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News Article
Building a Process to Sharpen Third-Party Risk Mitigation
Jaclyn Jaeger | October 16, 2012
Never has third-party risk management been as high a priority as it is in today's stringent anti-corruption enforcement environment. Yet many companies still have not refined the processes used to mitigate third-party risks. The first step is to establish a credible and defensible risk model. More details inside.
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News Article
Tyco Compliance Trouble, Redux
Jaclyn Jaeger | October 2, 2012
Tyco's $27 million settlement on FCPA charges last week could be a bit dispiriting to compliance officers; after all of that company's prior troubles and attempts to improve, it's in trouble again? Take heart in the silver lining that Tyco's vigorous efforts at self-disclosure and cooperation do seem to have led to much less punishment than what could have been meted out. Our full look at the case is inside.
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News Article
Study: Whistleblowers Want Anonymity, Monetary Rewards
Reese Darragh | January 10, 2012
Whistleblowers are far more likely to report wrongdoing if they are given a monetary reward, anonymity, and protection from retaliation, says a recent survey by law firm Labaton Sucharow. Since only the SEC is paying a reward right now, that's bad news for compliance departments. But two-thirds of respondents said they weren't aware of the SEC's whistleblower program launched last year. More results inside.
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The Filing Cabinet Blog
Warning, Tips From Justice Department's Grindler
Melissa Klein Aguilar | May 26, 2010
Corporate compliance, legal and risk professionals got a warning from a top Justice Department official, along with some advice on how to keep the companies they work for out of trouble.Acting deputy attorney general Gary Grindler made it clear that the agency is taking a no holds barred approach to...
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News Article
Courts Raise Specter Of ‘Collective’ Scienter
Martinek Paul J. | September 19, 2006
In a potentially ominous development for corporations, a handful of decisions by federal judges in New York have strayed from the traditional rule that a company can’t be found to have had fraudulent intent—known in the law as scienter—unless the individual making a false or misleading material statement actually had such an intent.
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News Article
Labor Law Violation Shouldn’t Impact Ethics Programs
Martinek Paul J. | November 22, 2005
A ruling by a federal appeals court last month that a company violated federal labor law by implementing a workplace ethics program without union consultation might seem like bad news for companies struggling to satisfy ethics mandates.
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News Article
SEC’s ‘Up-The-Ladder’ Claims In TV Azteca Case Overstated?
Martinek Paul J. | January 18, 2005
The Securities and Exchange Commission’s filing of civil fraud charges against TV Azteca on Jan. 4 appears to be the first enforcement action implicating the “up-the-ladder” attorney-reporting requirements of Sarbanes-Oxley. However, the case also highlights the fact that, at present, there is no requirement that the SEC be told of a corporation’s non-compliance with the law.
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News Article
Lessons From The First SOX Whistleblower Cases
Wilmer Cutler Pickering Hale and Dorr | November 16, 2004
The whistleblower protections contained in the Sarbanes-Oxley Act of 2002 are already creating a groundswell of employee complaints, with more than 300 whistleblowers claiming their employers retaliated against them for their allegations of corporate misconduct. While only a handful of claims to date have been decided on their merits, they offer important cautionary tales for corporations.
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News Article
Lines Blur Between Law Firms, Public Relations Practices
Karr Susan Schott | November 16, 2004
In April of this year, The Wall Street Journal ran an unfavorable article about $349.2 million NovaStar Financial, claiming that the subprime mortgage lender had purportedly failed to comply with state licensing rules. The article led to a 30 percent stock-price dip, a class action suit, and an informal inquiry by the SEC—all in the course of one week. Like most companies in that situation, NovaStar immediately turned to a public relations firm for assistance.
Displaying 21 results