All Compliance Week articles in Web Issue – Page 704

  • Blog

    Mid-Con Energy Partners Names Chief Accounting Officer

    2015-06-24T14:45:00Z

    Mid-Con Energy Partners, a publicly held Delaware limited partnership formed in July 2011 to own, operate, acquire, exploit and develop producing oil and natural gas properties in North America, has appointed Sherry Morgan as chief accounting officer of Mid-Con Energy GP, the general partner of the partnership, effective July 1. ...

  • Blog

    PDL BioPharma Appoints Chief Accounting Officer

    2015-06-24T14:30:00Z

    PDL BioPharma, which manages a portfolio of patents and royalty assets, has appointed Steffen Pietzke as controller and chief accounting officer. Pietzke joins PDL from Ernst & Young, where he held the position of senior manager since 2013. Details inside.

  • Blog

    New CD&Is Address Expansion of Regulation A

    2015-06-24T13:45:00Z

    The Securities and Exchange Commission’s Division of Corporation Finance has issued 11 new Compliance and Disclosure Interpretations to offer guidance on Regulation A changes that went into effect on June 19. They address such matters as the use of social media for “testing the waters” communications, what a “principal place ...

  • Blog

    U.K. Watchdogs Issue New Rules on Clawbacks for Bankers

    2015-06-24T12:00:00Z

    The Financial Conduct Authority and the Bank of England have finished banker rules that could have bonuses clawed back even after a decade of being awarded, if the firm comes under regulatory scrutiny for “potential material failures,” the FCA said. Senior managers aren’t off the hook either: They face a ...

  • Blog

    Anti-Corruption Groups Challenge the SFO on DPAs

    2015-06-24T11:45:00Z

    Image: Title: GreenA number of well-known anti-corruption activists, such as Transparency International and Corruption Watch, are urging David Green, director of Britain’s Serious Fraud Office, to rethink replacing criminal charges with deferred prosecution agreements. The group warns that if DPAs are offered, that will allow banks and other companies to ...

  • Blog

    Two South African Companies Dodge FCPA Charges

    2015-06-24T11:30:00Z

    The Securities and Exchange Commission this month closed two separate investigations into potential violations of the Foreign Corrupt Practices Act without bringing any enforcement actions. Each investigation involved alleged bribery payments made by South African companies. Details inside.

  • Blog

    FASB, IASB Work Out Guidance on Gross vs. Net

    2015-06-24T10:45:00Z

    FASB and IASB have reached tentative decisions on how to address questions in the new revenue standard around when to report revenue on a gross versus net basis. While the boards are moving in different directions of how they will amend their respective guidance, FASB says the amendments to each ...

  • Blog

    OECD Praises, Pans Israel Anti-Corruption Efforts

    2015-06-24T10:30:00Z

    Israel still has a long way to go when it comes to combating the bribery of foreign public officials involving Israeli companies and individuals, according to the Organization for Economic Cooperation and Development. Out of 14 foreign bribery allegations, four are the subject of a formal investigation—three of which were ...

  • Blog

    SEC, Secret Service Reportedly Investigating 'FIN4' Hackers

    2015-06-24T09:30:00Z

    The SEC and the U.S. Secret Service are reportedly separately investigating a group of hackers called FIN4. In December 2014, cybersecurity firm FireEye Inc. released a report stating that FIN4 that was hacking the email accounts of top executives, lawyers and others in an effort to obtain non-public information about ...

  • Article

    Smaller Companies Struggle Forward on SOX Compliance, System Investments

    2015-06-23T16:15:00Z

    More grist for smaller reporting companies unhappy with your compliance burdens: A new report finds that although all businesses continue to invest in SOX compliance, smaller companies still report less benefit from the effort. Inside, we look at which parts of compliance are most troublesome for small filers (“If they ...

  • Article

    In London, Compliance Officers in the Crosshairs

    2015-06-23T15:45:00Z

    Recent cases in the United Kingdom suggest that prosecutors and regulators are increasingly willing to hold compliance officers personally liable as they wage war against corporate fraud. Inside, we look at the corruption charges brought by Britain’s Serious Fraud Office against Alstom SA and the Financial Conduct Authority’s case against ...

  • Blog

    Is CEO Pay Over the Top?

    2015-06-23T15:00:00Z

    Proxy season is now over, littered with the usual adjectives about CEO pay: “supersized,” “outsized,” “piggish,” “outrageous,” and “embarrassing.” This week, columnist Rick Steinberg sounds a cautionary note amid the complaints—that CEOs are still critical to an organization, and hiring the right one encompasses a blizzard of detail. The board ...

  • Article

    Revisiting Financial IT for Better Monitoring, Testing, Compliance

    2015-06-23T12:15:00Z

    A funny thing happened on the way to the Shangri-La of automated monitoring and testing: It didn’t happen—at least, not yet. Advanced IT to improve monitoring and testing exists, but integrating those solutions into corporate data warehouses and business operations is harder than first thought. Inside, a look at how ...

  • Article

    Q&A: The Battle for Better Disclosure Data

    2015-06-23T12:15:00Z

    Image: As part of our ongoing series of conversations with compliance and risk experts, we spoke with Hudson Hollister, founder and executive director, Data Transparency Coalition, a trade association pursuing the publication of government information as standardized, machine-readable data. Hollister talks about the SEC’s efforts to modernize its disclosure regime ...

  • Article

    Anti-Corruption Reforms Push Forward in Mexico

    2015-06-23T10:30:00Z

    Mexico has moved forward again on its quest to strengthen anti-corruption laws there, adopting reforms to clear the path for government authorities to uncover and prosecute acts of corruption committed by companies, individuals, and government officials. More legislative work is ahead, but so far Mexico’s laws might even surpass the ...

  • Blog

    SEC Charges 36 Firms for Fraudulent Muni-Bond Offerings

    2015-06-23T09:00:00Z

    The SEC has brought enforcement actions against 36 municipal underwriting firms for violations in municipal bond offerings. The cases are the first to be brought against underwriters under the Municipalities Continuing Disclosure Cooperation Initiative, a voluntary self-reporting program targeting material misstatements and omissions in municipal bond offering documents. Details inside.

  • Blog

    Ipreo Launches Corporate Governance Solution

    2015-06-23T08:45:00Z

    Ipreo, a global provider of market intelligence and productivity solutions to corporate and financial services professionals, recently announced the launch of a new corporate governance solution that combines institutional data and analytics with workflow tools that enable better collaboration between the corporate secretary and the investor relations function at public ...

  • Blog

    Uber Decision Underlines Tough Questions Coming on Corporate Culture

    2015-06-22T15:45:00Z

    Image: Last week the California Labor Commission ruled that an Uber driver is indeed an employee of Uber, not an independent contractor as Uber had argued. Compliance officers should take note, editor Matt Kelly says, because the case raises questions about the importance of corporate culture and the future of ...

  • Resource

    e-Book: Internal Controls in an FCPA Compliance Program

    2015-06-22T14:30:00Z Provided by

    Internal controls have long been an overlooked requirement under the U.S. Foreign Corrupt Practices Act. This e-Book, written by Tom Fox, Compliance Week columnist and award-winning writer on FCPA issues, is a guide that compliance officers can follow to navigate the complexities of internal controls, to help mitigate the risk ...