Radical Compliance

We interrupt our usual stream of news and analysis about corporate compliance to note a milestone: Radical Compliance turned five years old the other day, and this post is our 1,000th piece of content for the community we love so much. Our very first post was published on Jan. 1, 2016, announcing Radical Compliance to…

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ethics

I recently watched The Oprah Conversation with Barack Obama about the writing of his new memoir, The Promised Land. Oprah Winfrey asked the former president about his eight-year scandal-free administration (tan suit excepted), and Obama reflected: “I am very proud of the fact that we didn’t have a whiff of scandal while we were in…

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2021

That’s it, folks: the hellish 365 days otherwise known as 2020 is now over. It was a brutal, bitter year; and the consequences of pandemic, recession, and political rancor will echo for years to come.  Those consequences, however, will start to come immediately. So before we return to the grind of emails to answer and…

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hotline

OK, compliance professionals — time to put on your thinking caps! One of our colleagues in the emerging markets wrote to me the other day looking for advice about who should manage a company’s internal reporting hotline. Let’s give him some help.  My friend hails from a second-tier country in the Asia-Pacific region, one moving…

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disclosure

The Extractive Payments Rule adopted by the SEC last week was notable because all five commissioners published explanatory statements along with their votes. Those statements, in turn, are notable for their dueling messages about business conduct and what counts as material information for investors under federal securities law.  Compliance officers should give this conflict some…

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compliance jobs

Compliance officers appointed to corporate boards — not one, but two of them, included in the Compliance Jobs Report this week! Plus news from CBRE, FINRA, and a few life sciences firms. We have job openings from Boston to Cleveland to San Francisco, and our Meme of the Week goes out to the audit team.…

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goodwill

Today I want to circle back to that lawsuit the SEC filed last week against Sequential Brands for failing to impair its goodwill assets in a timely manner. It’s a glimpse of poor internal control that raises an intriguing question: How many other companies might be in a similarly precarious position?  After all, goodwill has…

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My phone rang the other day; it was the U.S. compliance officer at a large global business whom I know quite well. “Hey,” he said, “you know the statistic that more than half of internal audit people have felt pressure to cover up awkward findings in their work? I have a complaint about that.” I…

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Zoom

A few weeks ago the Federal Trade Commission took an enforcement action against Zoom Technologies for misleading statements Zoom made about the security of its videoconferencing services. The case wasn’t too exciting except for a dissenting statement from one of the Democratic FTC commissioners — which read like a foreshadowing of cybersecurity enforcement in the…

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Biden

Today we pivot back to the incoming Biden Administration and what corporate compliance officers should anticipate as we all plan budgets and priorities for 2021. We have more insight now into who might lead important regulatory agencies under President Biden, and into what policy goals or enforcement efforts a Biden Administration would be able to…

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