News

SCCE Names New Chief

Zack

The new chief executive of the Society of Corporate Compliance & Ethics will be Gerry Zack, a managing director at BDO and long-time mover and shaker in the anti-fraud community. He will start Nov. 1. Roy Snell, current CEO, announced Zack’s hiring this morning at the opening of SCCE’s annual conference. Snell had already announced…

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Teamsters Blast Cardinal Health Compliance Efforts

compliance

The Teamsters’ Union is pressuring Cardinal Health to separate the CEO and board chairman  roles at the company—and cites large bonus pay to Cardinal’s top compliance officer as one sign of misgovernance. The Teamsters made their campaign public last week, with a letter to Cardinal investors urging them to support a shareholder proposal for an…

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Compliance Jobs Report: Oct. 13

Compliance jobs

The Compliance Jobs Report starts with big news in the banking world: Wells Fargo has a new chief compliance officer, lured away from Barclays. Cognizant Technologies also has a new head of ethics and compliance, and we have other personnel moves at Deutsche Bank, Siemens, Société Générale, and more. Also, the head of audit at…

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Treasury Report Eyes SOX Compliance

SOX compliance

The Trump Administration wants to exempt more companies from audits of internal control over financial reporting by raising the exemption threshold from $75 million to $250 million in market cap, and by doubling the time a newly public company is shielded from compliance obligations to 10 years. So says a Treasury Department report released Friday…

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Compliance Jobs Report: Oct. 6

Compliance jobs

The Compliance Jobs Report starts this week abroad: we have a new head of compliance at Veon, formerly known as VimpelCom. The head of compliance at TeliaSonera has also departed, while a senior compliance officer at Best Buy has moved across town to a new role at Target. We also have a merger in GRC…

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Special Report: Corporate Taxes

Taxes

Radical Compliance and Calcbench have another special research report on the streets today, this time examining what Corporate America actually pays in income taxes—which, over the last five years, averages around 22.8 percent of pre-tax income. You can download and read the full report, “We Are the 22.8 Percent: Analysis of income taxes paid among…

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Simple Ethics Lesson of Tom Price

compliance

So here’s my first question about Tom Price, now former Department of Health and Human Services secretary, sacked on Friday for flitting around the world on private jets at taxpayer expense. How’d he get back home to Atlanta? Second question. Price racked up more than $1 million in travel costs. When he last week offered…

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SCCE Statement on Vegas Shooting

As most compliance professionals already know, the Society of Corporate Compliance & Ethics will host its annual conference in two weeks—at Caesar’s Palace in Las Vegas. Given the tragic massacre just down the street from Caesar’s last night, SCCE chief executive Roy Snell sent the following email to SCCE members this afternoon: By now you…

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Compliance Jobs Report: Sept. 29

Compliance jobs

The Compliance Jobs Report this week notes a few moves at Allianz, Ralph Lauren, Lundbeck, and Aon Hewitt. OCC handed out several promotions; we have notable job posts at Boston Scientific and Oxford Press; and congrats to the head of the SEC’s New York office, stepping down after five years on the job and 17…

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Vendors, Cybersecurity Risk: Ugh

cybersecurity

Good news if your organization experienced a cybersecurity breach recently thanks to some vendor floating around in your extended enterprise: you have plenty of company. So says the latest report from the Ponemon Institute, which surveyed more than 625 executives about data risks posed by their vendors or other third parties. Fifty-six percent said their…

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