2021-10-26T20:13:00+01:00By Jaclyn Jaeger
Many Fortune 100 companies continue to enhance their transparency about how their audit committees are executing their core responsibilities, according to the EY Center for Board Matters’ 10th annual review of voluntary proxy statement disclosures.
2021-10-25T12:00:00+01:00By Dave Lefort
Mark your calendars: Compliance Week’s National Conference in Washington, D.C. will be held in person for the first time in nearly three years from May 16-18, 2022.
2021-10-22T19:23:00+01:00By Aaron Nicodemus
In a report ordered by President Joe Biden, the Financial Stability Oversight Council urged market participants, public companies, and regulators to develop a common agenda to respond to climate change-related financial risk.
2021-10-19T14:00:00+01:00Provided by ComplianceLine
Authenticity is the key to a company’s ESG program. Churning out press releases with catchphrases and impressions and assurances that a business is “talking the talk” or “walking the walk” is unacceptable.
2021-10-08T19:12:00+01:00By Aaron Nicodemus
The Federal Reserve will encourage financial institutions to assess the potential financial ramifications of climate change by conducting stress tests, similar to those performed following the 2007-09 financial crisis.
2021-09-24T20:30:00+01:00By Aaron Nicodemus
A sample letter released by the Securities and Exchange Commission this week lays out common mistakes firms make with their climate change disclosures.
2021-09-23T16:11:00+01:00By Neil Hodge
Companies have until the end of the year to stop making misleading claims about the green credentials of their products and services or face regulatory action, the U.K. Competition and Markets Authority has warned.
2021-09-22T18:01:00+01:00By Aaron Nicodemus
A Compliance Week and Fulcrum survey of more than 200 compliance, audit, legal, and finance executives worldwide revealed support for ESG initiatives, but uncertainty about how to monitor progress and measure results.
2021-09-21T16:54:00+01:00Provided by Proofpoint
Organizations are asking more of IT, legal and compliance teams than ever before. They need to manage more data—from more data sources.
2021-09-16T19:54:00+01:00By Jaclyn Jaeger
Crafting an effective environmental, social, and governance program is not an easy feat. At CW’s “Everything ESG” virtual event, compliance/sustainability leaders from ContourGlobal and Osprey shared how they are successfully working to meet their goals.
2021-09-14T17:33:00+01:00By Maria L. Murphy
A recent Center for Audit Quality report aims to provide an understanding of how company management and their auditors apply current U.S. accounting and auditing requirements for financial statements related to climate-related risks.
2021-09-14T16:11:00+01:00By Kyle Brasseur
Jean Rogers advised companies not to rely on regulators and organization frameworks over internal expertise when it comes to determining ESG materiality as part of her keynote at CW’s “Everything ESG” virtual event.
2021-09-13T18:17:00+01:00By Kyle Brasseur
A deluge of SEC rulemaking on ESG matters could begin as early as next month, prompting Davis Polk’s Betty Moy Huber to kick off CW’s “Everything ESG” virtual event with an overarching message on the importance of preparation.
2021-09-13T12:50:00+01:00By Maria L. Murphy
While the possibility of SEC regulation mandating additional ESG disclosures remains a hot topic, the potential effects of ESG matters on a company’s financial accounting and reporting are not a future consideration.
2021-09-07T15:50:00+01:00By David Povey, International Compliance Association
A recent poll of International Compliance Association members revealed a perhaps surprising appetite within the profession for seizing expanding sustainability responsibilities.
2021-09-03T13:22:00+01:00By Maria L. Murphy
Despite an increase in ESG disclosures that is expected to continue, a significantly low number of public companies have obtained audit firm assurance regarding that reporting, according to a new study.
2021-08-26T20:51:00+01:00By Jaclyn Jaeger
In emerging from the pandemic, the hiring landscape has changed. The companies to thrive in this environment will be the ones that quickly adapt and recognize the kind of care and attention their employees need.
2021-08-26T18:11:00+01:00By Aaron Nicodemus
Determining the best way to get your employees vaccinated against COVID-19 means considering a handful of key issues, in addition to being prepared for difficult conversations.
2021-08-23T16:51:00+01:00By Aly McDevitt
In his book, Rob Chesnut, former chief ethics officer at Airbnb, teaches business leaders how to weave ethics into the fabric of a company’s culture and ensure a little pulling on the integrity thread will not cause the firm to unravel.
2021-08-23T12:32:00+01:00By Maria L. Murphy
A year into the job, FASB Chair Richard Jones catches up with Compliance Week regarding recent improvements to major accounting standards, ongoing projects, future topics of interest, and more.
2021-08-11T15:39:00+01:00By Jaclyn Jaeger
The more boards are engaged in measures of ethics and compliance, the more positive an impact on corporate culture, leadership, and business decisions, a new report from LRN finds.
2021-08-10T16:16:00+01:00By Jaclyn Jaeger
The SEC approved rule changes proposed by Nasdaq that will put in place a new board diversity mandate and further require companies listed on Nasdaq’s U.S. exchange to make public disclosures regarding the composition of their boards.
2021-08-06T14:24:00+01:00By Jaclyn Jaeger
Vanessa Benavides, chief compliance and privacy officer and senior VP at Kaiser Permanente, shares how the company adjusted its policies and procedures because of COVID-19 and the lessons she learned along the way.
2021-08-05T15:56:00+01:00By Jon Prentice, International Compliance Association
While many aspects of life over the last year have stagnated because of the pandemic, human trafficking has not slowed down. A new report from the U.S. Department of State explores the latest trends.
2021-08-03T17:34:00+01:00By Jaclyn Jaeger
Activision Blizzard is not only a case study in how not to respond to allegations of sexual harassment and discrimination in the workplace—it’s also the latest blatant showing of managerial recklessness in an industry ripe for transformational change.
2021-07-29T17:27:00+01:00By Jaclyn Jaeger
Three major drug distributors and drugmaker Johnson & Johnson reached a proposed $26 billion multistate agreement for their alleged roles in fueling the nationwide opioid epidemic. The settlement imparts compliance lessons on the pharmaceutical industry at large.
2021-07-28T16:53:00+01:00By Jaclyn Jaeger
The Office of the Comptroller of the Currency has appointed Darrin Benhart as its first climate change risk officer—a move in line with the agency’s plans to better develop effective climate risk management practices at banks.
2021-07-26T16:39:00+01:00By Neil Hodge
The U.K. Financial Reporting Council has proposed a series of measures from which companies—as well as other regulators like the SEC—could benefit as ESG disclosures receive closer scrutiny.
2021-07-16T13:41:00+01:00By Jaclyn Jaeger
Julia Brncic, senior vice president, chief counsel and corporate secretary at Cigna, shares how the global health insurance company is complying with new human capital disclosure requirements in Regulation S-K.
2021-07-15T14:00:00+01:00Provided by ProcessUnity
ESG and its role in third-party risk management have gained prominence this past year as the awareness for environmental and social issues continue to grow.
2021-07-07T20:12:00+01:00By Jaclyn Jaeger
Kroll’s newest anti-corruption benchmarking report highlights current TPRM trends such as evolving challenges with enhanced due diligence, the rise of automation, the growing incorporation of ESG matters into compliance programs today, and more.
2021-06-18T12:00:00+01:00By Dave Lefort
The designation of Juneteenth as a federal holiday shows the good that can come from when powerful people acknowledge difficult truths.
2021-06-14T20:22:00+01:00By Jaclyn Jaeger
The growing scope and influence surrounding environmental activist campaigns promises to spill well beyond 2021. Recent developments should inspire boards to reassess how their company’s environmental initiatives align with long-term shareholder value.
2021-06-14T18:55:00+01:00By Aaron Nicodemus
The SEC’s spring 2021 rulemaking list is brimming with proposed regulations that would enhance ESG-related disclosures for public companies in areas like climate change, board diversity, human capital management, and cyber-security risk governance.
2021-05-26T14:30:00+01:00By Aaron Nicodemus
The SEC has taken numerous steps indicating its intention to require public companies to disclose ESG risks, but the question of how such disclosures will work in practice is still very much unanswered.
2021-05-20T13:00:00+01:00By Aly McDevitt
Its monitorship now complete, Volkswagen’s new focus is to rebuild its reputation among its customer base. It’s a long process, says Board Member Hiltrud Werner, one supported by a shift in strategy.
2021-05-20T13:00:00+01:00By Aly McDevitt
At the end of the day, how does an organization measure the effectiveness of company-wide cultural initiatives? Volkswagen has answers, utilizing perception workshops, mood barometers, and new diversity and inclusion initiatives as part of its culture rebuild post-Dieselgate.
2021-05-19T15:30:00+01:00By Aaron Nicodemus
An expert panel at CW’s 2021 National Conference agreed that compliance is uniquely positioned to help companies in their ESG initiatives. The CCO and chief sustainability officer at FedEx share how this may look in practice.
2021-05-19T13:00:00+01:00By Aly McDevitt
A revamped code of conduct and the Together4Integrity campaign stood out as significant milestones for Hiltrud Werner & Co. as Volkswagen began to embrace its Dieselgate monitorship as a way to improve company culture.
2021-05-18T17:26:00+01:00By Jaclyn Jaeger
Companies of a certain size with ties to Germany must soon establish robust due diligence procedures to prevent human rights and environmental abuses both within the course of their own business activities and within their global supply chains.
2021-05-18T13:00:00+01:00By Aly McDevitt
While Larry Thompson assembled his team for the Dieselgate monitorship, Volkswagen countered with appointments of its own, including Hiltrud Werner as head of integrity and legal affairs. Their relationship would determine the success of the monitorship going forward.
2021-05-17T13:00:00+01:00By Aly McDevitt
The Volkswagen Dieselgate scandal wasn’t the work of one executive who thought to install illicit software into diesel motor vehicles. It was born from a “chain of errors that was never broken,” forming the basis for one of the largest and most high-profile corporate compliance monitorships in history.
2021-05-17T13:00:00+01:00By Dave Lefort
Volkswagen’s recently concluded three-year monitorship is chronicled in CW’s latest in-depth case study, which spares no detail in following the world’s largest automaker’s comeback from its biggest mistake.
2021-05-13T19:24:00+01:00By Jaclyn Jaeger
A panel of DE&I experts shared valuable tips on how chief ethics and compliance officers can work collaboratively with human resources to address workplace culture issues at CW’s 2021 National Conference.
2021-05-11T20:17:00+01:00By Jaclyn Jaeger
Former FBI Director James Comey kicked off Compliance Week’s 16th annual National Conference on Tuesday by speaking candidly about a variety of risk and compliance matters, including the importance of a strong ethical culture in the coming post-pandemic “boom times.”
2021-05-11T16:00:00+01:00By Aly McDevitt
Tenneco’s revamp of its core values, coupled with its dedication to employee engagement during the coronavirus pandemic, earned it the honor of Compliance Program of the Year at CW’s 2021 Excellence in Compliance Awards.