Protiviti: Demand for added attention to high-risk processes, growing costs and the increasing role of IT controls and testing reports are some of the key changes and challenges companies faced over the last year as they worked to meet SOX requirements…
Corporate Compliance, Ethics and Audit News
Sarbanes-Oxley Compliance Survey Shows Need for More Scrutiny on High-Risk Processes
May 15, 2013
Ranbaxy Pleads Guilty; Will $500 Million to Resolve False Claims Allegationsand False Statements to the FDA
May 14, 2013
In the largest drug safety settlement to date with a generic drug manufacturer, Ranbaxy USA Inc. pleaded guilty to felony charges relating to the manufacture and distribution of certain adulterated drugs made at two of Ranbaxy’s manufacturing facilities in India.
Employers Will Welcome Revised New Jersey “Facebook” Bill
May 13, 2013
New Jersey employers will find much to “like” in a revised so-called Facebook, Assembly Bill No. 2878, that’s pending in the New Jersey Legislature, according to Joseph P. Paranac Jr., a shareholder in national law firm LeClairRyan’s Newark office.
McInerney on Declinations and the Corporate Compliance Defense
May 10, 2013
Southern Illinois University’s Mike Koehler argued against deferred and non prosecution agreements at a recent Corporate Crime Reporter conference…
The New SEC Chair Charts a Course for the Agency
May 7, 2013
Commentators have speculated since the appointment of Mary Jo White as SEC Chair that there would be a new emphasis on enforcement.
German Steelworkers to get Whistleblower Protection in Wake of Recent Scandals
May 2, 2013
Germany’s largest steelmaker by output said it has introduced an amnesty program, guaranteeing workers exemption from punishment if they help expose and clear up legal infringements and compliance violations.
Conselium Completes Search on Behalf of Syngenta; Dominic Sheils Named Compliance Officer
May 1, 2013
Conselium, an executive search firm, has completed a search on behalf of Syngenta Crop Protection AG. Mr. Dominic Sheils began his role of Compliance Officer on May 1, 2013 in their office in Basel, Switzerland.
DOJ: Novartis Paid Kickbacks to Docs in Exchange for Prescribing Drugs
April 29, 2013
The government’s complaint seeks damages and civil penalties under the False Claims Act
Ralph Lauren Corporation Resolves FCPA Investigation; Agrees to $882,000 Penalty
April 25, 2013
Company resolves allegations that it violated the FCPA Act by bribing government officials in Argentina to obtain improper customs clearance of merchandise.
Risk Management Survey: Majority of Companies Use Outdated Information Security Tactics
April 22, 2013
Seventy two percent of companies are hindering peak performance with outdated and overly restrictive approaches to information security, according to recent survey by CEB.
