Some lucky corporate whistleblower received $4 million from the Securities and Exchange Commission today, the first whistleblower award issued under the Trump Administration—with an added layer of mystery about whether the award was based on a sanction imposed by a non-financial regulator. As usual, we don’t know much about the case. According to the SEC’s…
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Attorney General Jeff Sessions promised yet again Monday to enforce the FCPA and other anti-corruption laws, in a wide-ranging speech meant to win over corporate compliance officers curious about how seriously the Trump Administration will take corporate misconduct. Sessions spoke to an audience of several hundred at the Ethics & Compliance Initiative’s annual conference in…
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This week’s Compliance Jobs Report kicks off with a new chief compliance officer at Lincoln Financial (yay) who reports to the general counsel (aww…). We also have news from Conifer Health, Uber, and BNP Paribas; plus a slew of work anniversaries and a kooky announcement from SAI Global. Read on. I gather these bits of…
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Compliance officers got another glimpse into the future of FCPA enforcement this week, with the Justice Department’s top anti-corruption prosecutor giving his most extensive comments yet on the subject. Those comments, delivered Tuesday by deputy assistant attorney general Trevor McFadden, was reassuring and frustrating at the same time. On one level, McFadden hit all the…
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Recently I had a conversation with a compliance professional I know, someone with solid credentials and experience—but experience mostly in the industrial manufacturing sector, with a stint in agribusiness as well. She has been contemplating a switch into the healthcare sector, ideally medical device manufacturing. Did I have any advice on how to make that…
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Lots of churn in the compliance jobs world this week: Morgan Stanley’s CCO has bolted for hedge fund world; OCC continues to build out its risk function. We also have news from AbbVie, Tech Data, and elsewhere. And healthcare compliance people, read all the way to the bottom; we have a request of you there.…
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This week I attended Oracle’s Modern Finance Experience conference here in Boston, where financial reporting professionals convened en masse to talk about risk management and new approaches in cloud-based IT to get that task done. Attendees also had the raw thrill of a private concert with the Goo Goo Dolls on Wednesday night, a band I…
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Apparently nobody at United Airlines read my post last week about the shifting balance of power in modern Corporate America: away from C-suites with a slavish devotion to policy, toward a public favoring common sense values and good judgment. The scandal last week was United exiling two girls for wearing leggings on a flight from…
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Interesting news on the framework front: COSO has agreed to work with the World Business Council for Sustainable Development to develop guidance on how to embed sustainable business practices into COSO’s forthcoming framework for enterprise risk management. The two groups announced their partnership last Friday; the guidance should arrive sometime in 2018. I hadn’t heard…
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In this week’s compliance jobs report, we have news of where Citigroup’s ex-compliance chief landed; Uber’s head of internal audit jumped to Delta Airlines; Convercent named a new senior executive; and the SEC has a new deputy chief accountant. I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something to…
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