All Compliance Week articles in Web Issue – Page 727
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Blog
SEC in the Movies: The Other Guys, Wall Street, Fletch ... What Else?
Recently, as my kids were watching Will Ferrell's movie, The Other Guys (2010), I learned that the film includes a scene in which Ferrell and his police partner, Mark Wahlberg, make a visit to the SEC to turn evidence over to a investigator. In the clip below, Ferrell tells the ...
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Blog
Netflix Appoints Two New Board Members
Netflix, an Internet television network, has appointed Anne Sweeney, recently co-chair of Disney Media Networks and president of Disney-ABC Television at the Walt Disney Co., and Brad Smith, general counsel, legal and corporate affairs at Microsoft, to its board of directors. Details inside.
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Blog
Newell Rubbermaid Appoints General Counsel and Corporate Secretary
Newell Rubbermaid this week appointed Bradford Turner as general counsel and corporate secretary, effective April 1. He will serve on the company's executive leadership team and will report directly to Newell Rubbermaid President and Chief Executive Officer Michael Polk. Details inside.
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Article
Managing the Risky Business of Loyalty Programs
As the regulatory focus on data security expands, companies that offer customer loyalty programs should review them for red flags. How the data is stored, protected, and segmented is ripe for scrutiny, experts warn. Poorly designed loyalty programs could run afoul of antitrust laws, torpedo a merger, violate HIPAA, or ...
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Article
Conflict Minerals, Year 2: The Auditing Challenge
Few companies so far have addressed the audit requirement in the SEC’s Conflict Minerals Rule, although that will likely change as the June deadline for your second year’s filings approaches.
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PCAOB Reorganizes Auditing Standards by Topic
The PCAOB is reorganizing its audit standards, integrating standards the board wrote with historical standards it adopted on an interim basis under Sarbanes-Oxley. “The standards will be organized by topics that generally follow the flow of the audit process, making their use easier and more efficient for auditors,” said PCAOB ...
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NLRB’s Brain-Dump on Lawful Company Policies
Image: The National Labor Relations Board has churned out an extensive piece of guidance on what makes a company policy lawful or not, on everything from making disparaging comments (often can’t be forbidden) to talking with the media or regulators (forget about forbidding it) and many more. “The memo is ...
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BSI SA to Pay $211 Million Penalty Under Swiss Bank Program
BSI SA, one of the 10 largest private banks in Switzerland, this week became the first bank to reach a resolution under the Department of Justice’s Swiss Bank Program, which provides a means for Swiss banks to resolve potential criminal liabilities in the United States. BSI will pay a $211 ...
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Blog
SEC Punts Extraction Payments Rule to 2016
Image: The SEC says it will not issue a proposal requiring oil gas, and mining companies to disclose payments made to governments until spring of 2016. “We’re surprised and disappointed that the SEC would push back its timeline yet again,” said Ian Gary, senior policy manager, extractive industries for Oxfam ...
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The Latest State of Affairs on Whistleblower Claims
Image: A final rule from OSHA has smoothed the path for employees to file whistleblower retaliation claims under the Sarbanes-Oxley and Dodd-Frank acts and put companies in a more difficult spot to defend themselves. “The final rule reinforces that these types of anti-retaliation provisions are here to stay,” says Daniel ...
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PCAOB Inspection Reports at 5: What Can We Learn
The compliance and audit community have pored over PCAOB inspection data on audit firms for five years now. What does the data tell us, really? This week Compliance Week begins a special series looking at the insights that the inspection process can give—starting with how much value the disclosure of ...
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Blog
Hearsay Social Unveils New Mobile Apps for iPhone and Android
Hearsay Social, provider of the Predictive Social Suite for financial advisors and insurance agents, last week announced the launch of new mobile applications for iPhone and Android. These applications enable financial professionals to use the new Predictive Social Suite to compliantly engage with their clients and prospects via Facebook, LinkedIn, ...
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Blog
Petrobras Nominates Vale CEO as Chairman
Brazilian state-owned oil company Petrobras last week nominated Murilo Ferreira, chief executive officer for global mining company Vale, as its new chairman. The nomination comes at a time when the company faces several investigations for its involvement in a widespread money-laundering scandal. Details inside.
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Blog
Plug Power Names Chief Accounting Officer
Plug Power, a provider of clean, reliable energy solutions, has named Martin Hull as chief accounting officer, effective April 1. He assumes this role from Jill McCoskey. Details inside.
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Blog
Ipsen Names Chief Ethics and Compliance Officer
Pharmaceutical company Ipsen has appointed Dominique Laymand as chief ethics and compliance officer for the Ipsen group, effective as of March 16. She will report directly to Chairman and CEO Marc de Garidel. Details inside.
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Blog
PG&E Names Chief Ethics and Compliance Officer
As part of its commitment to achieving a best-in-class ethics and compliance program, PG&E has appointed Julie Kane to the newly created position of chief ethics and compliance officer, effective May 18. She will report to CEO and President Tony Earley, with additional reporting responsibility to the audit committee of ...
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Blog
Uncomfortable Lessons to Draw From Germanwings 9525
Image: The crash of Germanwings Flight 9525 demonstrates the most difficult choices in risk management that businesses, policymakers, and society ever have to make: how we handle people like Andreas Lubitz, the troubled co-pilot who deliberately crashed the plane—how we identify and handle persons who might potentially cause enormous damage ...
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Blog
eBay to Add Two Independent Directors
eBay this week announced the appointment of two new independent directors in anticipation of completing its previously announced separation of eBay and PayPal. Tony Bates, President of GoPro, and Gail McGovern, president and CEO of the American Red Cross, have been appointed to eBay's board of directors. Details inside.