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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-03-20T16:03:00
Legal experts are advising their public company clients to move forward with plans to comply with the Securities and Exchange Commission’s (SEC) climate-related disclosure rule, despite lawsuits and other challenges being brought against the controversial policy in the aftermath of its approval.
“We think it’s a better approach to prepare for the rule to take effect,” said Megan Gates, partner at law firm Covington. “It’s not a great approach to wait and see, if that means not doing anything.”
Almost immediately after the SEC passed the rule by a 3-2 vote on March 6, the blowback began. A total of 22 state attorneys general filed lawsuits in three federal courts, according to a report from Bloomberg Law, while business interest groups led by the U.S. Chamber of Commerce also filed a lawsuit.
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News and analysis for the well-informed compliance or audit exec.
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2024-04-15T13:47:00Z By Ruth Prickett
By holding the Swiss government accountable for failing to do more to limit climate change, a ruling by the European Court of Human Rights might have significant implications for legislators and organizations in other countries across the European Union.
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.
2024-04-09T11:39:00Z By Adrianne Appel
Presenting data to the board and providing examples of positive consumer response to ethical decision-making help compliance departments demonstrate value beyond keeping an organization in line with rules and regulations, experts discussed at Compliance Week’s 2024 National Conference.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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