The Institute of Internal Auditors just dropped an unsettling new report on the state of risk management. Namely, corporate board directors believe their organizations are better at managing key risks than corporate executives do — and an uncomfortably high number of executives and directors say that misalignment is OK. The report, OnRisk 2020: A Guide…
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The audit and compliance community rarely sees a stealth news dump from regulators over a long weekend, but we have some now: SEC chairman Jay Clayton is replacing the leading cybersecurity expert on the Public Company Accounting Oversight Board with a White House aide. Kathleen Hamm, a member of the PCAOB since January 2018, will…
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Another huge Compliance Jobs Report this week! We have compliance and audit folks departing Nissan, General Motors, Healogics, and Barclays; others are joining Aerie Pharmaceuticals, Walgreens Boots Alliance, OrthoSensor, and elsewhere. We have our first compliance officer seeking public office in 2020, three job openings, a few CCOs moving into consulting world, and much more. …
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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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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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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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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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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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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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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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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.
