Last week we began an occasional series about how the incoming Trump Administration might affect the world of corporate compliance. Today we continue with a look at the future of the Foreign Corrupt Practices Act. First, let’s knock down the prospect of Congress revising the FCPA itself. Regardless of what Republican lawmakers say to score…
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This week we have a new export compliance officer at ZTE, a new chief audit executive at United Grocers, and a three more years for FASB chairman Russell Golden. We also have tidbits from FIS, Siemens, Kaiser Permanente, and more. I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something…
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Last week two companies became the first public filers to cite the incoming Trump Administration as a risk worth disclosing in the Risk Factors section of their quarterly reports. We haven’t seen any more since then, although we will in the future. Several people wrote to me after that post last week, essentially saying—well, so…
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One day after compliance officers had a small bit of comfort, that one of their own was playing a key role helping the incoming Trump Administration with Justice Department issues—he’s out. Kevin O’Connor, currently general counsel at asset management firm Point72, spent three years as global head of ethics & compliance at United Technologies Corp.…
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One potential bright spot for corporate compliance officers seeking answers in about the incoming Trump Administration: one of your own is leading the transition team for the Justice Department, according to Bloomberg. That person is Kevin O’Connor, who served as global head of ethics & compliance at United Technologies Corp. from 2012 to 2015. O’Connor…
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SEC Chairman Mary Jo White announced her resignation yesterday, firing the starting pistol for the Trump Administration to reshape financial regulation in this country. Compliance officers are uneasy about what the incoming Trump Administration might mean to them, and for good reason. Still, we have a few early clues to consider, so let’s try to…
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They’re here, they’re here! The first corporate filings that cite the incoming Trump Administration as a potential risk factor! The winner is TPI Composites, a Rhode Island-based manufacturer of components for wind power generation. TPI filed its third-quarter report at 4:41 p.m. on Wednesday, Nov. 9. Fourteen minutes later came the quarterly report for Adeptus…
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First, thank you to our veterans; and welcome to this week’s roundup of compliance jobs news. We have a promotion at Zenefits; new compliance hires at GE, LPL Financial, and TransUnion; a few vendors continuing to expand their empires; and more. I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something…
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Well, the American people, in their endless wisdom or lack thereof, elected Donald Trump to the White House and gave us a Congress even more deeply divided than before. The post-mortems on what happened last night and what it means for the country will be many, and last for months. Compliance officers can get started…
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Last week New York state regulators fined Agricultural Bank of China $215 million for running a weak compliance program and undermining its chief compliance officer so much that eventually she quit. Sounds great, right? Well, before you go stapling that piece of news to your audit committee chairman’s forehead, let’s take a closer look at…
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