deregulation

Cool your jets, all you compliance professionals who might be giddy at President Trump’s latest broadside over government regulation — most of the regulatory guidance you encounter on a daily basis is not covered by what Trump announced this week. For those who missed it, Trump issued two executive orders Wednesday meant to curb the…

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inability

The Justice Department has published fresh guidance about how it will evaluate a company’s claims that it can’t afford to pay monetary penalties, for all you legal and compliance officers trying to convince everyone that your firm lives in the poorhouse.  Assistant attorney general Brian Benczkowski announced the new guidance Tuesday while giving a speech…

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mylan

Compliance officers often worry about the threat of siloed risk management, where one part of the enterprise is addressing a risk without keeping other parts fully informed. The Securities and Exchange Commission recently served up a good example of how that threat comes to pass, in the case of Mylan and its improper charges for…

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change

This week I was in Denver attending the Converge 2019 conference hosted by Convercent, and as one might expect, lots of the sessions there focused on how to apply technology to compliance programs.  For my money, however, the most interesting session explored something quite different: how compliance officers can navigate their careers amid upheaval at…

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Compliance jobs

The Compliance Jobs Report this week has news of new compliance hires at GE Aviation, Welbit, UCB, Bechtel, and a bunch more places; plus promotions at Olympus Corp. and Keck Medicine. Compliance officers who are railroad buffs have a job opening to consider, and our Meme of the Week goes out to compliance officers at…

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silent

Ethics and compliance officers often need to consider the psychology of whistleblower retaliation and the culture of silence around corporate misconduct. Why do groups of people tolerate things they know are wrong? Why do people punish those who sound the alarm, rather than join them in defense of what’s right?  As you ponder those questions,…

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fcpa

A global printing and graphics business based in Wisconsin has agreed to pay $10 million to settle FCPA charges with the Securities and Exchange Commission, in an eye-popping case with misconduct that included bribes to judges, sales to Cuba, and just about every corporate compliance mistake a company could make. The company in question is…

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compliance jobs

Lots of news in the Compliance Jobs Report this week! We have compliance hires at Walmart, TIAA, Agilent Technologies, and Nyrstar; another departure from Danske Bank; a new CEO at LRN; and a bundle of intriguing new job openings. Our Meme of the Week goes out to whistleblowers everywhere. I gather these bits of information…

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retaliation

A bipartisan group of senators has introduced legislation to undo the damage of the Digital Realty Trust decision from the Supreme Court last year, which said that employee whistleblowers must first report their allegations to the SEC if they want to claim whistleblower protections under the Dodd-Frank Act. This legislation from the Senate follows similar…

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grc

The Securities and Exchange Commission has slapped audit firm PwC with a $7.9 million penalty for violating audit firm independence rules — including PwC implementing a GRC software system for one of its audit clients.  An audit firm can’t do that, since those GRC software systems ultimately help employees assess the effectiveness of internal controls…

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