More Cognizant FCPA Lessons


Now that we’ve had a long weekend to digest the FCPA enforcement action imposed against Cognizant Technologies last week, compliance officers have a lot more consider here. In many ways what happened with Cognizant is an excellent case-study for corporate ethics and compliance done right, with a few points to ponder about potential risks to…

Read More

$25M to End Cognizant FCPA Case


IT outsourcing firm Cognizant Technologies agreed Friday to pay $25 million in disgorgement and penalties to settle FCPA charges related to bribery in India, while the company’s former president and top legal officer were indicted for their roles in orchestrating the scheme. The settlement included $19 million in disgorgement of ill-gotten profits, plus $6 million…

Read More

Compliance Jobs Report: Feb. 15

compliance jobs

The Compliance Jobs Report this week bounces from Georgia Tech (new head of ethics and compliance) to Wells Fargo (new head auditor) to Annaly Capital (new chief compliance officer) and many more. Another merger in GRC vendor world this week, plus four job openings, and our Meme of the Week is a big Valentine to…

Read More

iBusted: SEC Charges ex-Apple Exec


Well this is juicy: Apple’s former corporate secretary, who helped to craft the company’s policies against insider trading, has been charged by the Securities and Exchange Commission with insider trading. Gene Daniel Levoff, a senior lawyer at Apple for 10 years and the company’s corporate secretary from 2013 until Apple fired him last September, allegedly…

Read More

Supply Chain Risk: We’re Looking at It Wrong

I was reading the New York Times this weekend when an article jumped out at me: yet another example of misconduct in a large company’s supply chain suddenly bursting into public view, bringing grief to a company that clearly hadn’t known trouble was afoot. Ethics and compliance officers should take note. When we dissect exactly…

Read More

Compliance Jobs Report: Feb. 8

Compliance jobs

In this week’s Compliance Jobs Report: the new head of compliance at Walmart formally takes the reins; a wave of mid-level hires at Unilever, Boehringer Ingelheim, JP Morgan, USAA, and elsewhere. A notable merger happened in the GRC vendor world, we have the usual rundown of interesting job openings, and we note the passing of…

Read More

Update on Semiannual Reporting: Zilch


Corporate disclosure mavens, we have an issue that needs attention: Nobody is talking about the SEC’s recent call for comments about moving to a semiannual corporate reporting regime. As you might recall, the SEC published its call for comment in December — 31 pages of questions, asking investors, corporations, and all other interested parties whether…

Read More

Retaliation Against CCOs: Three Tales


Compliance officers deal with claims of whistleblower retaliation all the time. Today we’re going to recap three examples much closer to home — compliance officers pressing claims of retaliation themselves. We hear those stories from time to time: a compliance officer reports some concern to management (otherwise known as doing your job), and management responds…

Read More

Compliance Jobs Report: Feb. 1

compliance jobs

The Compliance Jobs Report this week opens with the top compliance officer at GE jumping to Google; Citi poaching a top Morgan Stanley exec to be Citi’s CCO in Europe; more news from Orthofix, Getinge, and even Elf on a Shelf! A GRC vendor is changing its name after raising $30 million in funding, and…

Read More

GE Top Compliance Exec Jumps


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…

Read More