Ethics & compliance officers may want to watch the latest corporate governance scandal unfolding at CBS, where the broadcaster’s chief compliance officer seems to have played the starring role in a whistleblower retaliation claim that cost CBS $9.5 million — and reminds us, yet again, how perilous it can be to subordinate ethics and compliance…Read More
Lots to cover in the Compliance Jobs Report this week! Foremost: Jay Jorgensen, chief ethics and compliance officer at Walmart, is leaving the company after six years on the job. His deputy, Dan Trujillo, takes over on Feb. 1. The PCAOB also has a new chief auditor; Nashville named its first chief compliance officer; plus…Read More
Now that the British government is coming apart at the seams over Brexit, this might be a good time to revisit what companies should be disclosing to investors and the public about their exposure to Brexit risk. SEC chairman Jay Clayton has been talking up Brexit disclosure for several months, urging companies to give investors…Read More
The SEC settled charges with an organic foods company on Tuesday over internal control failures that led to several years of revenue manipulation, in a case with multiple lessons for the internal control community. We don’t see an internal controls case this large come along every day, so let’s digest. First, the background. The accused…Read More
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.