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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-05-01T21:07:00
Companies would be wise to prepare to comply with the Federal Trade Commission’s (FTC) rule to ban noncompete clauses, despite legal challenges that might delay or prevent it taking effect altogether.
The final rule, issued April 23, would ban most noncompete clauses in employee contracts by September. The clauses impede competition and violate Section 5 of the Federal Trade Commission Act, the FTC said.
An estimated 30 million U.S. employees across many sectors have been required to sign the clauses, which generally prohibit them from taking a job with another company based on region or industry for some amount of time after leaving employment. This restriction keeps talent out of the job pool and hampers innovation, said FTC Chair Lina Khan following a 3-2 vote on the rule along party lines.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-08-21T19:38:00Z By Aaron Nicodemus
A federal judge struck down the ban on noncompete clauses by the Federal Trade Commission that was set to take effect in September.
2024-05-14T19:33:00Z By Adrianne Appel
Staff at the Federal Trade Commission offered several steps businesses can take to comply with the agency’s upcoming ban on employee noncompete clauses.
2024-05-10T19:30:00Z By Aaron Nicodemus
The Department of Justice’s Antitrust Division created a new task force to examine collusion and monopolies in the healthcare industry.
2024-12-13T17:55:00Z By Aaron Nicodemus
A U.S. Appeals Court overturned a Securities and Exchange Commission rule that had required companies listed on the Nasdaq stock exchange to disclose whether their boards had women or minority members–and if not, why not.
2024-12-10T17:23:00Z By Ruth Prickett
Earlier this year, amid then-Republican presidential candidate Donald Trump’s campaign promise to end taxes on tips in the U.S., the U.K. government introduced a new law to ensure that all tips are paid in full to staff, regardless of whether they were given in cash or by credit card. ...
2024-12-09T14:08:00Z By Adrianne Appel
Business owners can stop preparing their 2025 anti-money laundering reports for the Treasury Department’s Financial Crimes Enforcement Network, according to a Texas court, which ruled the Corporate Transparency Act requirement unconstitutional.
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