This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. Your title is chief compliance, ethics and privacy officer. How much time does each of those topics consume? It really […]
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Posted inTechnology
Q&A With Ventana Research VP Robert Kugel
In a story on internal control remediation efforts in the July 20 edition of Compliance Week, PricewaterhouseCoopers noted that companies were making the greatest number of improvements in areas related to financial processes. However, Belmont, Calif.-based Ventana Research recently noted that companies did not seem to be heavily investing in SOX 404 technologies. We turned […]
Posted inInternal Controls
U.K. Turnbull Guidance Will Be Reviewed, Updated
The U.K.-based Financial Reporting Council announced recently that it would review—and likely update—the 1999 Turnbull Guidance. The 14-page “Turnbull Report,” published in September 1999 by the Institute of Chartered Accountants in England and Wales, includes guidance for implementing sound internal controls for U.K. companies listed on the London Stock Exchange. Though the report is widely […]
Posted inInternal Controls
Where Do We Go From Here? ROI A Priority, But Not Widely Tracked
As companies race toward the Nov. 15 deadline for the internal control provisions of Sarbanes-Oxley—ubiquitously known as “SOX 404”—the last thing on most compliance executives’ minds is next year’s compliance requirements. INGREDIENTS According to experts, there are three core elements to ongoing compliance—people, process, and technology. 1. People According to Stephen Wagner, chairman of the […]
Posted inFrom the Archive
Editorial: When Graded On Its Own Rules, SEC Fails Miserably
SEC chairmen, including current chair William Donaldson, have had a propensity to quote Justice Louis Brandeis in speeches. So allow me to throw one back at the Commission: “Our government is the potent, the omnipresent teacher. For good or ill, it teaches the whole people by its example.” Contrary to Brandeis’ counsel, however, if the […]
Posted inFrom the Archive
Corporate Governance Practices At The Fortune 100
36-page analysis of 2004 trends in the corporate governance practices of the Fortune 100.
Posted inBoards & Shareholders
The Myners Principles And Ooccupational Pension Schemes
UK study researched whether pensions have voluntarily changed their investment decision-making practices as recommended by The Myners Principles.
Posted inFrom the Archive
SEC Will Track Environmental Disclosures
According to a new report from the GAO, the SEC has agreed to improve the way it tracks environmental disclosures from public companies. The report comes on the heels of a 2003 U.N. Summit on Climate Risk, which emphasized the importance of environmental disclosure. Shortly after the event, a group of the nation’s largest institutional […]
Posted inInternal Controls
SOX 404 Remediation, Improvement Efforts Exposed; Deadline A Problem
Despite the fact that the internal control provisions of Sarbanes-Oxley become effective in less than four months, public companies are still struggling to meet the deadline and make the necessary improvements to comply. In addition, most companies are not even tracking the money being spent on Sarbanes-Oxley related improvements to systems and procedures, making it […]
Posted inInternal Controls
Boards Should Not Neglect Open Source Software Compliance
As directors and executives at U.S. public companies, we’ve all got plenty of items to worry about—risk assessment, internal controls, stock option expensing, and the litany of other governance and compliance issues. Unfortunately, I’ve just discovered another. Fortune Magazine recently ran a cover story that discussed SCO Group’s lawsuit against IBM, claiming ownership of portions […]
