Posts by Matt Kelly

GE Top Compliance Exec Jumps

GE

One of the top compliance officers at General Electric has jumped ship to Google after 13 years at GE — the latest and most high-profile in a long list of compliance officers leaving GE over the last 18 months. Alfred Rosa had been chief compliance director at GE since 2011, essentially running GE’s global compliance…

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Sales Rep’s Job Is Real Grind

Well, here’s one way to let it all hang out: a former sales rep for opioid maker Insys testified in federal court this week that her boss, an ex-stripper, tried to win favor with a physician by giving him a lap dance. That revealing business practice came to light as four Insys executives stand trial…

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SEC Hits Firms on Internal Control

internal control

The Securities and Exchange Commission dinged four companies on Wednesday for poor internal control over financial reporting — a clear warning to companies that simply disclosing a material weakness in ICFR is not sufficient to fulfill a company’s compliance duties. Executives actually have to fix the problem, and not take too long to do so.…

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Of Blown Calls and Internal Control

internal control

Effective internal control can be a difficult subject to understand, so ethics and compliance officers who hail from the legal world should be delighted right now. A great example of internal control issues gone awry fell into our laps this week from the world of sports. I speak, of course, of the blown referee call…

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Compliance Jobs Report: Jan. 25

compliance jobs

Another Compliance Jobs Report full of news. We have compliance officers on the move at Wex, ON Semiconductor, Conduent, and a few biotech firms. The controller at Vertex Pharmaceuticals got promoted because the CFO got sacked. Uber is recruiting for its compliance function, as is the NFL. And our Meme of the Week goes out…

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Two Insights on Investigations

investigations

On Wednesday I had the privilege of moderating an executive forum in Philadelphia on corporate governance and investigations. Roughly 40 compliance and audit executives were there, hosted by audit firm Baker Tilly and law firm Morgan Lewis. Our goal: hash out some of the current challenges in managing complex investigations. Granted, you could talk about…

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Adventures in Ethics and Social Media

Ethics and compliance officers might believe that this weekend’s standoff on the steps of the Lincoln Memorial, between high school student Nick Sandmann and Native American activist Nathan Phillips, has nothing to do with their profession — no larger lessons for Corporate America, no insights about ethics worth our consideration. We’d be wrong. As messy…

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Compliance Jobs Report: Jan. 18

Compliance jobs

Compliance jobs news is fast and furious this week. The compliance chief at Rio Tinto has jumped to a medical tech firm; Centene has a new head of compliance and audit. We have more compliance personnel moves at Celanese, Olympus, and elsewhere; plus a few interesting job openings, and our Meme of the Week goes…

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Waters on 2019 Oversight Plans

Waters

Attention all enthusiasts of financial policy coming from Washington: Maxine Waters, new chairman of the House Financial Services Committee, just gave her first speech outlining her priorities for 2019. Expect lots of hearings and lots of focus on consumer issues, ranging from fair housing policy to diversity in hiring among financial firms. Waters, a Democrat…

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Stats on Third-Party Oversight

third-party

Uneasy with your company’s third-party risk? Looking for some validation that your organization is normal? No worries — a fresh survey from Deloitte confirms that plenty of other organizations have only a precarious grip on their third parties, too. The report, released Tuesday and based on data from a Deloitte webcast held in October, found…

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