Posts by Matt Kelly
Activision Trying to Right the Ship
Activision Blizzard is looking to hire at least 19 people to build up its ethics and compliance function, as part of a broader effort to address complaints from regulators and employees that the company tolerated a poor corporate culture for years. The hiring plans were announced in a staff memo circulated last week by Frances…
Read MoreCompliance Jobs Report: Oct. 22
The Compliance Jobs Report this week has personnel moves at AAR Corp., CareMax, Oxford University Press (a departure there), and several compliance hires at CEVA Logistics, to name only a few. We have some work anniversaries to note, job leads in higher education, healthcare, and security guards; and our Meme of the Week goes out…
Read MoreCFTC’s $200M Whistleblower Award
Here’s news that will leave whistleblowers speechless: the Commodities and Futures Trading Commission just gave out the largest whistleblower award in U.S. history, a $200 million windfall reportedly going to a former Deutsche Bank executive who provided crucial help in unraveling the LIBOR rate-fixing scandal. The CFTC won’t confirm the whistleblower’s identity, but the person…
Read More‘Master of Kickbacks’ and Credit Suisse
Compliance professionals have another large FCPA enforcement action to pore over this week, thanks to the perpetually struggling Credit Suisse and several economic development loans for the country of Mozambique that were, quite literally, soaked in corruption. The headline, announced on Tuesday, is that Credit Suisse will pay $475 million to regulators in the United…
Read MoreGloomy Stats on Workplace Misconduct
Another week, another report trying to quantify the breadth and cost of workplace misconduct. This one comes from Vault Platform, an internal reporting startup; and the rather gloomy headline here is that roughly half of all office workers in Britain and the United States have experienced some form of misconduct during their careers. Vault released…
Read MoreWhat Makes Incident Management Tick
Last week I had the good fortune to moderate a webinar on incident management programs, and I have to admit — by the end of the hour, I had a much more nuanced appreciation for the things that make an incident management program succeed. Usually when I think about incident management, my mind immediately goes…
Read MoreCompliance Jobs Report: Oct. 15
Lots of interesting items in the Compliance Jobs Report this week! News from CoinFlip in crypto, Chewy in pet foods, Akili in video game biotech (seriously), and many more! We also have a few promotions to note, job leads in financial services and manufacturing, some news from tech vendors, and Meme of the Week goes…
Read MorePenalties, Monitors, and More
Last week the head of enforcement at the Securities and Exchange Commission made notable remarks about more aggressive use of monetary penalties in SEC enforcement actions. A friend of mine then asked an excellent question: Could more aggressive use of penalties also affect how companies deal with the Justice Department? For lots of compliance officers,…
Read MorePCAOB Alert on Audits, External Data
The PCAOB published fresh guidance last week about how auditors should handle evidence supplied by others to help the auditor assess financial statements, important performance or valuation metrics, and, well, all the other stuff that can go into an audit report these days. The guidance is formally titled “Evaluating Relevance and Reliability of Audit Evidence…
Read MoreCompliance Jobs Report: Oct. 8
The Compliance Jobs Report this week has updates in aluminum, pharmaceuticals, financial services, and even government service in the great state of Michigan! Plus a notable hire in the compliance consulting world, and job openings from food service to pharma to higher education. Our Meme of the Week goes out to players of Uno. As…
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