Posts Tagged ‘Trump Administration’
The DOGE Effect on Risk Management
Elon Musk and Vivek Ramaswamy shed more light this week on how they want their Department of Government Efficiency to operate. Their vision shows an alarming lack of understanding about how government operates, so compliance professionals should watch closely for the mess these two might make; you’ll be among the many stuck cleaning that mess…
Read MoreMore Questions on Trump II and Compliance
Let’s keep talking about what Donald Trump’s return to power means for the corporate compliance profession because, honestly, what else is there to talk about right now? I’ve spoken with compliance officers all week long about Trump’s victory, and most folks were bewildered, dispirited, anxious, or some blend of all three. Their comments are telling.…
Read MoreTrump & Compliance: Here We Go Again
Well, brace yourselves, ethics and compliance professionals. The American people in their mighty wisdom (or lack thereof) have returned Donald Trump to the presidency. This is one of the most consequential moments in the history of the country, sure to affect regulatory enforcement, risk management, and corporate ethics for years to come. We might as…
Read MoreBank Regulator Props Up Energy Lending
The Trump Administration is trying to push through a rule that would neuter banks’ ability to consider ethics and reputation issues when offering services — a kiss to the oil & gas industry, and one that would undermine banks’ ability to consider social and ethical factors when evaluating business relationships. The Office of the Comptroller…
Read MoreTrump Admin and Diversity Training, Part II
Don’t die of surprise at this news, but the Trump Administration is dragging Corporate America into its attacks on diversity training and racial equity. Compliance officers would do well to understand what’s happening and prepare accordingly. The action is happening along two fronts. First, President Trump issued an executive order on Sept. 22 that directs…
Read MoreTrump Comes for Diversity Training
Compliance professionals involved in corporate training, watch this development: President Trump has ordered federal agencies to review their training programs and cancel any diversity training that contains certain keywords or concepts the White House deems “un-American propaganda.” The Office of Management & Budget, which acts as the managerial conduit between the White House and the…
Read MoreTurmoil for SEC, SDNY Leadership
Compliance professionals awoke this weekend to news that two of the country’s most important corporate prosecutors — the Securities and Exchange Commission and the U.S. Attorney for the Southern District of New York — are mired in confusion and uncertainty about who’s going to be in charge. While you were Netflix and chillin’ on Friday…
Read MoreLessons From Justice Dept Meltdown
You may have noticed that the Justice Department’s ethical reputation blew apart last week — shards of integrity streaking across the stage, leaving a miasma of unprincipled conduct looming over attorney general William Barr’s office. By now you probably know the story. Last week Barr intervened in the sentencing recommendation for Roger Stone, self-professed dirty…
Read MoreThe FCPA Threat That Wasn’t
The corporate compliance community had a surprise moment of mainstream media attention on Friday, when Trump Administration chief economic adviser Larry Kudlow told reporters the Administration is “taking a look at” the Foreign Corrupt Practices Act and is considering potential reforms. This led to a wave of speculation on Twitter and the press that the…
Read MoreDeregulation News: Calm Yourselves
Cool your jets, all you compliance professionals who might be giddy at President Trump’s latest broadside over government regulation — most of the regulatory guidance you encounter on a daily basis is not covered by what Trump announced this week. For those who missed it, Trump issued two executive orders Wednesday meant to curb the…
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