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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Ruth Prickett2024-03-18T14:57:00
The future of the EU’s Corporate Sustainability Due Diligence Directive (CS3D) was thrown into doubt when the European Council failed to endorse proposals last month. The directive is back on track after being agreed upon Friday, albeit a weaker version.
Environmental campaigner ClientEarth warned in a press release the late negotiations led to significant concessions. The directive will now apply to organizations with more than 1,000 employees, rather than 500, and with a turnover of 450 million euros (U.S. $490 million), instead of €150 million (U.S. $163 million), meaning only a third of the businesses that would have been impacted will now be in scope.
Anaïs Berthier, head of ClientEarth’s Brussels office, said the agreement had come “at a high price.”
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2024-07-09T19:08:00Z By Ruth Prickett
Codes of ethics and conduct are becoming ubiquitous, yet instilling high standards of corporate integrity still seems an elusive goal. Why is corporate culture such a challenge?
2024-05-03T13:34:00Z By Ruth Prickett
The impending decision by the European Parliament to withdraw from the international Energy Charter Treaty and adopt further climate rules sets a clear direction for green regulations in the region.
2024-04-09T18:24:00Z By Aaron Nicodemus
Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference.
2024-10-22T14:37:00Z By Aaron Nicodemus
The Department of Justice (DOJ) has proposed a new rule that would regulate the use of Americans’ personal information by foreign companies and foreign persons in six “countries of concern,” prohibiting and restricting the sale of data to thwart the use of data for cyber-enabled activities, espionage, coercion, influence and ...
2024-10-17T17:42:00Z By Adrianne Appel
New York financial institutions are expected to address cybersecurity risks posed by artificial intelligence (AI), and new guidance from the New York Department of Financial Services is aimed at helping firms do just that.
2024-10-17T16:22:00Z By Neil Hodge
Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.
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