Google has agreed to spend $500 million over the next decade to overhaul its compliance operations, including a new board-level committee dedicated to regulatory compliance and multiple new compliance teams embedded across the 184,000-person enterprise. Google made that sweeping promise to settle a lawsuit from unhappy shareholders, who had sued the company for its numerous…
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Executives and board directors are always searching for a better way to manage their organizations — and rightly so, considering how messy and bewildering corporate governance can be at large organizations. Now COSO is trying to remedy that situation with a proposed framework for corporate governance, and we should all take a close look. COSO…
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This week the Compliance Jobs Report has new hires at Takeda, Trupanion, IQVIA, University of Notre Dame, and lots more. We also have promotions at RTX, Shoprite, and elsewhere; a few compliance officer exits to note; and job leads in higher education, banking, and investment management. Plus our Meme of the Week. Always remember that…
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Here’s a tough one for all you compliance professionals who like to think about artificial intelligence: how would you handle an AI agent in your enterprise that, all on its own, decides to report suspected misconduct directly to regulators? This is no longer a theoretical question; it’s a possibility embedded within Claude Opus 4, the…
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The banking industry is asking the Securities and Exchange Commission to rescind its 2023 rules requiring companies to disclose more details about the cybersecurity incidents they suffer, presumably figuring that the Trump-tilted leaders of today’s SEC will be predisposed to agree. A collection of banking trade groups sent a letter to the SEC late last…
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Last week we learned that federal prosecutors have reached an agreement not to prosecute Boeing for its many safety failures and corporate compliance missteps over the years — missteps that led to two plane crashes, 346 deaths, one airplane door blown out in mid-flight, and billions spent on legal fees, victim compensation, and compliance program…
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Our Compliance Jobs Report for the Memorial Day Weekend includes a compliance officer driving off from Ferrari and another departure at Northern Trust; new hires at Jazz Pharmaceuticals, OSI Group, and RTÉ; a changing of the compliance guard at Toyota Motor North America, and lots more. Job leads are in elevators, water, and oil! Always…
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Update from Washington: those bills to abolish the Public Company Accounting Oversight Board and to bar states from adopting their own rules for artificial intelligence for 10 years both made it into the tax-and-spending legislation that House Republicans adopted Thursday night, bringing both measures another step closer to becoming law. The “big, beautiful bill,” which…
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Managing conflicts of interest is a big part of any corporate compliance officer’s job. Today we have a fascinating glimpse of how complicated that work can be, courtesy of the Wall Street Journal and its detailed account of how the now-former Kohl’s CEO Ashley Buchanan sent company business to his girlfriend. You probably remember the…
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Here’s a conundrum of corporate governance for you: What should you do when the president of the United States starts hectoring your company to keep its prices low, even at the expense of profit margins? This is not a hypothetical. It is yet another outburst from President Trump, who opened fire on Walmart this weekend…
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