Microsoft has agreed to pay $25.3 million to settle FCPA charges against subsidiaries in Hungary, Saudi Arabia, Thailand, and Turkey — the latest in a long line of cases where poor procedures to document sales discounts offered by local resellers paved the way for bribery of foreign government officials. Microsoft will pay $16.5 million to…
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Last week I had a post about an SEC enforcement action against rent-to-own retailer Conn’s, where the SEC dinged Conn’s for using manually updated forecasting tools to estimate customer credit risk. Executives had low-balled their estimates for years, until that short-sighted maneuver finally forced the company to cut earnings and the share price tanked. Today…
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The Compliance Jobs Report grinds through the summer doldrums this week, with personnel news at Dell, CNA Insurance, and Danske Bank. We have a surprising amount of news from vendors this week: customer wins, new products, and so forth; plus our usual notes on intriguing job openings. Our Meme of the Week goes out to…
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A special commission reviewing the sorry state of the U.S. Olympic and Paralympic Committee has published its final report, calling for the appointment of a chief compliance officer and sweeping reforms to the Olympic Committee’s corporate culture. Known as the Borders Commission, the group was established last year to review how the USOPC mishandled the…
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Technically, Radical Compliance is the personal blog of Matt Kelly, long-time writer and observer of the corporate compliance and GRC scene. I was a writer, editor, and publisher at Compliance Week, 2003 through 2015; some of you may know me from my career there. I also speak frequently at compliance conferences and other events, and will pretty much shoot the breeze on any compliance topic with anyone who asks.