Last week I was speaking at an ethics and compliance event in Houston, where one of the other speakers stumped the crowd with a deceptively simple question: What is a control? After all, compliance officers talk about controls constantly. Effective controls are the lifeblood of what makes a compliance program work. Most of us can…
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Several weeks ago I had a post about compliance trends in the financial sector, based on a report from Thomson Reuters. That report found most financial firms aren’t cutting compliance budgets, and it offered practical insights into how compliance officers might tiptoe into more automation and use of technology. Both issues are important for compliance…
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New head of compliance at Uber! New head of Criminal Division at the Justice Department! The Compliance Jobs Report also has several hires in the cryptocurrency world, notable CCOs leaving their jobs, an interesting job opening in the compliance-academic industrial complex, and our Meme of the Week goes out to all you privacy buffs. Read…
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Interesting detail about the proto-scandal swirling around Jim Jordan, the Republican congressman accused of turning a blind eye to sexual misconduct on the Ohio State wrestling team when he was assistant coach there: Jordan might have violated the school’s sexual harassment Code of Conduct. For those not following this story, Jordan has represented Ohio’s 4th…
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Compliance professionals have another career development resource for the bookshelf: How to Have a Wildly Successful Career in Compliance by Kristy Grant-Hart — a slim, easy-to-read volume stuffed with practical insights and useful tips to get ahead in this field we’ve chosen. As it says right in the title, this book is about how to…
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Juicy stuff in the Compliance Jobs report this week! Michigan State has named an interim compliance officer; Oklahoma University sacked its chief auditor. We have promotions at Juniper Networks and PayPal; departures from the Justice Department, Amazon, and Kemira, and more news beyond that! Plus our compliance Meme of the Week goes out to Johnny…
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One of the most painful failures to watch in corporate compliance this year has been the tragedy at Michigan State University: a culture of sloppy procedures and aimless oversight that allowed Larry Nassar, a doctor affiliated with the school, to assault hundreds of girls and young women for nearly 20 years. Nassar is spending the…
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Corporate compliance officers deal with whistleblowers all the time. So now that the Securities and Exchange Commission is moving to revamp its whistleblower award program, watch that debate closely. Lots of constituencies are going to voice opinions here, and you don’t want yours to get lost in the fray. The SEC published its proposed reforms…
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Last week the SEC adopted a rule for companies to use Inline XBRL technology with their corporate reports starting as early as next year. The good news for financial reporting executives: this rule will streamlines the technical work necessary in filing financial statements to the SEC. The more intriguing news for everyone else: The SEC’s…
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The Securities and Exchange Commission began moving forward this week on its ambitions to craft a more business-friendly regulatory regime, starting with plans to exempt many more companies from compliance requirements and to cap potential rewards to whistleblowers. Most notable for ethics and compliance officers, the commissioners voted (along the predictable 3-2 partisan split, favoring…
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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.