All Compliance Week articles in Web Issue – Page 632
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Article
Pax World’s Joe Keefe on how ESG continues to go mainstream
Image: The 2016 proxy season, building upon trends that emerged from last year’s annual meetings, may prove to be pivotal for investors focused on sustainability, diversity, and environmental issues. “I’ve seen more uptake in the last 18 months than I’ve seen in the previous 17 years,” says Joe Keefe, president ...
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Blog
SEC approves PCAOB budget; Doty promises new proposals soon
Image: With majority support from the SEC—all two of them, that is—the PCAOB has finalized its 2016 budget with a 12-percent increase in fees charged to public companies to support it. Only SEC Chair Mary Jo White and Commissioner Kara Stein supported the PCAOB’s $257.7 million budget for the current ...
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Blog
OCC proposes to reduce regulatory burden on banks
The Office of the Comptroller of the Currency has proposed to remove outdated or unnecessary provisions of certain rules to reduce regulatory burden on national banks and federal savings associations. The proposal is part of the agency’s rules review required every ten years under the Economic Growth and Regulatory Paperwork ...
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Blog
Podcast: Compliance challenges in financial services
Image: In the latest edition of the Compliance Week podcast, we discuss regulatory and compliance issues facing the financial services world with Todd Cipperman, founding principal of Cipperman Compliance Services. Among the topics we discuss are individual liability, third party compliance reviews, and the continuing buzz around “culture.”
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Podcast
Podcast: Compliance challenges in financial services
In the latest edition of the Compliance Week podcast, we discuss regulatory and compliance issues facing the financial services world with Todd Cipperman, founding principal of Cipperman Compliance Services. Among the topics we discuss are individual liability, third party compliance reviews, and the continuing buzz around “culture.”
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Blog
Customers and corruption risks
What is the cost of corruption? How much due diligence must you perform with those entities that are your customers? Does doing business with companies that have a propensity for corruption put your company at risk? In light of the scandals at Petrobras and Houston-based ENSCO, companies might want to ...
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Blog
FTC to study credit card industry data security auditing
The Federal Trade Commission has issued orders to nine companies requiring them to provide the agency with information on how they conduct assessments of companies to measure their compliance with the Payment Card Industry Data Security Standards (PCI DSS).
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Blog
Three-time general counsel Randall Mehrberg rejoins Jenner & Block
Randall Mehrberg, who has more than 35 years of experience in private practice and as a chief legal counsel and a strategic business leader for multi-billion-dollar public companies, is rejoining Jenner & Block. As partner in its Chicago office, Mehrberg will support the firm’s Corporate, Litigation, and Restructuring and Bankruptcy ...
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Blog
Axioma acquires ConceptONE regulatory and risk reporting units
Axioma, a provider of risk management and portfolio construction solutions to financial institutions, has agreed to acquire the regulatory reporting and risk reporting units of ConceptONE, a global provider of back-office investment services. Terms of the deal were not disclosed.
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Blog
iRobot appoints new board member; enhances corporate governance
iRobot, a robotic technology-based solutions company, has appointed Michael Bell to its board of directors, effective immediately. The company also announced several corporate governance enhancements. Details inside.
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Blog
Beacon Roofing Supply names chief accounting officer
Beacon Roofing Supply, a distributor of residential and commercial roofing materials and complementary building products, has appointed Gregory Jorgensen as chief accounting officer, effective March 28. In this role, Jorgensen will oversee all accounting operations, financial consolidations, and SEC reporting efforts.
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Blog
MDU Resources names new chief accounting officer
MDU Resources Group has named Jason Vollmer as chief accounting officer, in addition to his role as treasurer, effective March 19. He replaces Nathan Ring, who is resigning effective March 18.
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Blog
CalPERS names chief compliance officer
The California Public Employees' Retirement System (CalPERS) has selected Marlene Timberlake D'Adamo as chief compliance officer, effective on April 11. In her new position, Timberlake D'Adamo is responsible for all aspects of the enterprise compliance program, including full responsibility for administering a comprehensive compliance monitoring and oversight program in relation ...
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Blog
FlexShopper appoints chief risk officer
FlexShopper, Inc. has named Ravi Radhakrishnan as chief risk officer. Radhakrishnan was most recently head of underwriting valuations and senior vice president of consumer card services at Bank of America, where he managed various facets of decisioning, risk strategy and underwriting across a $90 billion credit card asset portfolio.
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Blog
SEC Charges Magnum Hunter with faulty evaluations of internal controls
Oil and gas producer Magnum Hunter Resources and several individuals settled charges this week with the Securities and Exchange Commission for deficient evaluation of the company’s internal controls over financial reporting, and failures to maintain internal control over financial reporting.
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Blog
ASIC announces record sentence in Xiao insider trading case
The Australian Securities and Investments Commission announced that Hui Xiao, a former managing director of Hanlong Mining, was sentenced today to a total of 8 years and 3 months for insider trading -- the longest sentence ever imposed in Australia for that crime. The Xiao case is a nice success ...
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Blog
FASB wraps up revenue recognition technical decisions
FASB has determined how it wants to address questions around certain aspects of the disclosure requirements for unmet performance obligations in the new revenue recognition standard. The board plans to add a practical expedient to the disclosure requirements around certain types of variable consideration; it also will make some improvements ...
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Blog
Are anti-bribery experts focusing on the wrong numbers?
To be sure, enforcement data is an important tool for companies to understand their anti-bribery regulatory risks. But relying solely on U.S. enforcement statistics reveals only part of the increasingly complex and multi-layered regulatory landscape that multinationals are facing today. Inside, a look at what can be accomplished when the ...