2021-05-07T15:14:00+01:00By James Thomas, International Compliance Association
John Flint, former group chief executive at HSBC, considered the progress compliance has made over the last 20 years and the strides the profession must continue to make as part of a keynote at the ICA’s 2021 BIG Compliance Festival.
2021-05-03T20:28:00+01:00By Aaron Nicodemus
Andreas Gottschling, Credit Suisse’s board member in charge of its risk committee, has stepped down as fallout from the collapses of Archegos Capital and Greensill Capital continues to roil the bank.
2021-04-22T18:41:00+01:00By Neil Hodge
Putting the collapses of Archegos Capital and Greensill Capital behind it won’t be simple for Credit Suisse amid staggering financial losses and widening scrutiny from Switzerland’s financial regulator.
2021-04-21T15:04:00+01:00By Neil Hodge
The threat of fines has done more to focus boardroom attention on data privacy and effective cyber-security than any other measure, U.K. Information Commissioner Elizabeth Denham believes.
2021-04-19T18:47:00+01:00By Neil Hodge
The enduring impact of the COVID-19 pandemic might be forcing companies and other organizations to rethink what skills, qualities, and experience their executives should have if the business is to succeed.
2021-04-19T16:58:00+01:00By Aaron Nicodemus
Danske Bank CEO Chris Vogelzang and board member Gerrit Zalm each resigned after being identified as suspects in ABN AMRO’s money laundering scandal. Chief Risk Officer Carsten Egeriis will take over as Danske’s CEO.
2021-03-29T20:40:00+01:00By Aly McDevitt
Volkswagen’s supervisory board has accused former CEOs Martin Winterkorn (Volkswagen) and Rupert Stadler (Audi) of negligent breaches of duty during the diesel scandal.
2021-03-23T20:02:00+00:00By Jaclyn Jaeger
Tesla in February appointed David Searle as deputy general counsel and senior director of compliance. The electric car maker is currently facing an investor lawsuit criticizing its board for failing to appoint a general counsel to control CEO Elon Musk.
2021-03-19T16:48:00+00:00By Aaron Nicodemus
The California Privacy Protection Agency, tasked with enforcing the state’s groundbreaking data privacy laws, now has a five-member board of directors.
2021-03-18T19:18:00+00:00By Compliance Week
Aly McDevitt praises several German companies for taking initiative ahead of an impending law mandating female representation on boards, while Kyle Brasseur reviews a shareholder lawsuit that criticizes Tesla’s instability at the general counsel position.
2021-03-15T18:44:00+00:00By Jaclyn Jaeger
A new board diversity report by BoardProspects reveals companies in the Russell 3000 are at a major inflection point regarding racial equality on their boards, but most (60 percent) still have no Black board members.
2021-03-10T16:51:00+00:00By Jaclyn Jaeger
Diversity and inclusion leaders from Procter & Gamble and The Hartford share key elements for successfully achieving and sustaining a work environment that respects and fosters diversity, equity, and inclusion.
2021-02-18T16:14:00+00:00By Neil Hodge
After a bad week for motivational leadership in the United Kingdom, experts expound on who should really set “tone from the top.”
2021-02-17T15:05:00+00:00By Jaclyn Jaeger
With 2021 proxy season underway, a new analysis by Compensation Advisory Partners reveals what impact proxy advisory firm Institutional Shareholder Services will have on say-on-pay concerning executive compensation actions made in response to the pandemic.
2021-02-05T17:39:00+00:00By Jaclyn Jaeger
The aftermath of the coronavirus pandemic dominates the top risks that will keep boards of directors and executive management teams on their toes in 2021, a new survey by Protiviti and NC State’s ERM Initiative finds.
2020-12-17T17:02:00+00:00By Jaclyn Jaeger
Current events have significantly accelerated the need for companies around the world to link ESG initiatives to their executive incentive plans, according to a recent poll conducted by Willis Towers Watson.
2020-12-14T19:23:00+00:00By Aaron Nicodemus
If your company isn’t making optimal use of data to enhance its compliance program, now is the time to start—before it’s too late.
2020-12-14T16:49:00+00:00By Compliance Week
Six senior compliance practitioners share some big-picture thoughts on how their companies are using data within the context of regulators’ increased expectations in the area.
2020-12-03T21:52:00+00:00By Compliance Week
In our inaugural video edition of Nailed It or Failed It, Dave Lefort praises Nasdaq’s efforts to get the SEC to require board diversity disclosures, while Kyle Brasseur critiques Vodafone’s numerous run-ins with the GDPR.
2020-12-01T18:19:00+00:00By Jaclyn Jaeger
Nasdaq has filed a proposal with the Securities and Exchange Commission to adopt new listing rules that would impose board diversity disclosure requirements.
2020-11-24T17:21:00+00:00By Aaron Nicodemus
The world’s 250 largest companies are not doing very well in recognizing and measuring financial risks related to climate change, so we’ve got some advice to those who are behind the curve.
2020-11-16T18:27:00+00:00By Jaclyn Jaeger
Proxy advisory firm Institutional Shareholder Services released updates to its 2021 benchmark proxy voting policy, with the biggest changes this year addressing racial, ethnic, and gender diversity on boards.
2020-11-11T22:35:00+00:00By Aaron Nicodemus
Many compliance departments are not independent, but instead report to other departments. COSO recommends compliance be separated out into its own division, led by a chief compliance officer with an executive-level position.
2020-11-09T17:38:00+00:00By Dave Lefort
In a Q&A with Compliance Week, Volkswagen integrity chief Hiltrud Werner said that while compliance efforts “never have a finish line,” the company has made great strides since Dieselgate.
2020-11-05T20:44:00+00:00By Maria L. Murphy
Cyber-security risk oversight is the area with the greatest increase in audit committee disclosures in proxy statements, so you better make sure you’ve got a handle on understanding your responsibilities.
2020-11-03T16:40:00+00:00By Jaclyn Jaeger
As more states enact statutes that directly address diversity in the boardroom, corporate boards that have not already done so would be wise to begin strategizing their diversity efforts now.
2020-10-28T14:58:00+00:00By Aaron Nicodemus
The board of directors at Goldman Sachs Group will attempt to claw back approximately $174 million from a dozen current and former executives—one of the largest clawback attempts ever—in the aftermath of the 1MDB scandal.
2020-10-27T22:01:00+00:00By GRC Announcements
The International Compliance Association has relaunched its Specialist Certificate in Corporate Governance course designed to provide an understanding of the requirements and principles of good corporate governance.
2020-10-16T17:47:00+01:00By Jaclyn Jaeger
A new report assessing diversity disclosure trends among Canadian public companies also showcases several corporate standouts for chief ethics and compliance officers to benchmark their programs against.
2020-09-29T20:05:00+01:00By Jaclyn Jaeger
Experts offer best practices on how to ensure your D&I policies, training, and resources are sufficient at this social and cultural inflection point.
2020-08-28T16:51:00+01:00By Martin Woods
How we came to learn about the fraud allegedly perpetrated by Wirecard offers important lessons in compliance and corporate governance, writes financial crime expert Martin Woods.
2020-08-13T14:37:00+01:00By Compliance Week
A fresh podcast from the Theranos whistleblower and a new compliance association for Black practitioners get a round of applause from us this week, while a complicated case involving McDonald’s lands the company on both the “Nailed It” and “Failed It” lists.
2020-07-28T15:50:00+01:00By Jaclyn Jaeger
A revamped NAVEX Global report reinforces a long-held belief in the compliance industry that those companies that trust employees to behave ethically continuously work to improve culture.
2020-07-23T19:08:00+01:00By Jaclyn Jaeger
Found to be at fault for yet another wildfire last week, PG&E’s return from bankruptcy is off to a rocky start. A new reorganization plan at the company built around risk management and safety is key to avoiding a takeover by the state of California.
2020-07-09T19:36:00+01:00By Compliance Week
In the inaugural edition of our weekly “Nailed It or Failed It?” feature, we give TikTok and other tech companies a pat on the back and shake our heads at the actions of Starbucks and Luckin Coffee.
2020-07-06T21:26:00+01:00By Jaclyn Jaeger
Footwear and apparel giant Adidas is focused on improving its diversity efforts after its head of global human resources stepped down following controversial remarks on race that angered employees.
2020-06-24T14:34:00+01:00By Martin Woods
When a company does not rebut serious allegations of wrongdoing with litigation, the only response is to demand answers from the firm or take your business elsewhere, writes financial crime expert Martin Woods.
2020-06-05T16:07:00+01:00By Martin Woods
Anti-bullying should be at the top of your compliance agenda and should be supported by increased gender balance, writes financial crime expert Martin Woods.
2020-05-29T18:13:00+01:00By Martin Woods
A look at a recent court case against car manufacturer Volkswagen once again places the company in the spotlight but, perhaps more importantly, offers some lessons in how to live up to shareholder expectations of good governance that protects their investment.