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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Employees paying lip service to compliance is rampant at large organizations. They lie about completing training as required, about audits performed or procedures done, just so the documentation looks good and the compliance officer goes away. We all know this. So I was delighted recently to find a study from that largest of large organizations,…
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This week’s jobs news in compliance includes several new CCOs in the financial sector, Johnson Controls’ head of EMEA compliance making a move, and the return of an early GRC entrepreneur back to the field after several years away. For all the good stuff, read on. I gather these bits of gossip from LinkedIn, news alerts,…
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Technically, Radical Compliance is the personal blog of Matt Kelly, long-time writer and observer of the corporate compliance and GRC scene. I was a writer, editor, and publisher at Compliance Week, 2003 through 2015; some of you may know me from my career there. I also speak frequently at compliance conferences and other events, and will pretty much shoot the breeze on any compliance topic with anyone who asks.