Yesterday, President Obama introduced a wide-ranging proposal for financial regulatory reform that he and the White House believe can help solidify the financial sector as we move out of the recession and, in turn, prevent another one.
By Jodie Fredericksen and Stephen Martin, Corpedia, Inc.
As the United States continues to muddle through the current recession, corporate executives have been faced with the challenge of finding areas in which to cut operational costs. As previously reported by Corporate Compliance Insights, even in a booming economy, compliance and ethics budgets are often unfairly scrutinized, due to the misperception that there is no return on the investment of compliance dollars.
While academics and political pundits disagree as to whether current economic conditions will cause an increase in ethical/legal misconduct or simply bring such behavior to light, recent repeated statements by government and regulatory personnel make it abundantly clear that now is not the time to cut your compliance budget.
By Thomas Fox — FCPA Compliance Attorney
The year 2009 is shaping up to be a watershed year in Foreign Corrupt Practices Act (FCPA) compliance investigations and enforcements. This article will review the current state of FCPA investigations and enforcement actions and provide guidance to companies to help navigate in this time of heightened FCPA sensitivity.
Let’s kick off the week with a news roundup, starting with the announcement today by the Obama Administration that they are seeking changes to the tax code in relation to the treatment of companies with overseas operations.
In the first edition of the CCI Interview Series, Jeffrey M. Kaplan joins CCI to discuss the behaviorist approach to business ethics and compliance, and the impact that the Obama Administration’s potential focus on behavioral economics could have on C&E programs moving forward.
The biggest news on Earth over the past week has been the 2009 G-20 Summit taking place in London. This post provides a list of stories discussing the regulatory challenges and reforms discussed by the G20 leaders.
President Barack Obama outlined new regulations on executive compensation yesterday, saying that executives will no longer be subsidized for failure by U.S. taxpayers.
Among the many links in this week’s Compliance Blog Roundup, Audit Trail sat down with two financial experts to get their take on what to expect once Mark Shapiro takes charge as the new Chair of the SEC.
In the first Compliance Blog Roundup on Corporate Compliance Insights, CCI directs its readers’ attention to blog posts on executive compensation, Sarbanes-Oxley, and why corruption rises during downturns in the economy.
At her confirmation hearing yesterday before the Senate Banking Committee, newly appointed SEC chairman Mary Shapiro pledged to follow through on a pro-investor agenda and take the handcuffs off the enforcement division of the SEC.
