whistleblower

Congress Tries Anew on Whistleblower Fixes

By Matt Kelly | March 20, 2023 |

Several big names in the Senate have filed legislation that would clarify the protections for whistleblowers who first report their concerns to internal compliance teams and force the SEC to decide whistleblower awards more quickly. Dubbed the “SEC Whistleblower Reform Act,” Sens. Elizabeth Warren, D-Mass., and Chuck Grassley, R-Iowa, filed the bill last week along…

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SVB

Silicon Valley Bank: The Oversight Debacle

By Matt Kelly | March 19, 2023 |

Today I want to return to the collapse of Silicon Valley Bank. Everyone has been wondering how the bank met its sudden demise, and whose poor oversight allowed that to happen. Now we have more details to help answer those questions — and, ideally, avoid a repeat performance elsewhere.  People first trained their fire on…

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small

Suggestions for Small Compliance Programs

By Matt Kelly | March 17, 2023 |

At some point in their careers, most compliance officers will spend time working at or running a small compliance program. So when I had the chance earlier this month to moderate a webinar on that subject, I took detailed notes. I suspect many of the frustrations and issues voiced by those small-company compliance officers will…

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compliance jobs

Compliance Jobs Report: March 17

By Matt Kelly | March 17, 2023 |

We have quite the international Compliance Jobs Report this week. We have updates from Credit Suisse, Mastercard, several global pharma businesses, Toyota, and the best-named aerospace company ever! This year’s list of World’s Most Ethical companies is out, and Meme of the Week goes out to everyone with tight budgets. As always, thank you to…

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disclosure

Another Cyber Disclosure Sanction

By Matt Kelly | March 15, 2023 |

Words matter in SEC filings. The Securities and Exchange Commission gave us another example of that point recently when it fined a technology company $3 million for misleading disclosures about a ransomware attack the company had suffered — and the confusion arose from how the company used the word “could.”  The company in question is…

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corsa

The Latest FCPA Declination

By Matt Kelly | March 13, 2023 |

We have yet another example of the Justice Department trying to put its new corporate misconduct policies into practice, allowing a Pennsylvania coal company to pay only $1.2 million to settle FCPA charges thanks to the company’s voluntary self-disclosure and other cooperative actions. The company in question is Corsa Coal Corp., a company that does…

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SVB

Early GRC Lessons From SVB

By Matt Kelly | March 13, 2023 |

Life comes at you fast, a point that many tech companies and banks are contemplating today thanks to the collapse of Silicon Valley Bank. Unfortunately this sorry debacle also raises many issues for the larger community of risk managers, regulatory compliance officers, and auditors, so let’s take a look. As I write these words on…

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Compliance jobs

Compliance Jobs Report: March 10

By Matt Kelly | March 10, 2023 |

Lots of news in the Compliance Jobs Report this week! Updates from Starbucks, General Electric, Nouryon, Linde, Schnitzer Steel, New York Life, and many more! We also have job leads in retail, financial services, and more financial services; and Meme of the Week goes out to all the single ladies! As always, thank you to…

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liability

Podcast: Delaware Law & Officer Liability

By Matt Kelly | March 9, 2023 |

We have another Radical Compliance podcast today, this time talking about that recent Delaware Chancery Court ruling that opens the door to more personal liability risks for chief compliance officers and other corporate executives.  To parse the implications of that ruling I called up Todd Haugh, professor of business ethics and law at Indiana University.…

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compensation

Compensation & Misconduct: Two Examples

By Matt Kelly | March 7, 2023 |

Everyone is buzzing these days about the Justice Department’s new ambitions to include executive compensation plans and disciplinary policies as part of effective corporate compliance programs, so today let’s review two recent enforcement actions that department officials have cited as examples: Danske Bank and Safran.  Both cases were resolved in December. Danske Bank pleaded guilty…

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About Us

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.

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