The swearing in of Mary Jo White as the new Chair of the SEC ushered in a period of increased vigor in enforcement, along with tougher prosecutorial tactics. And the SEC has already delivered. To spare their organizations from these hard-nosed enforcement actions, it's incumbent upon compliance practitioners to establish and maintain strong controls, policies and programs.
A number of recent rulings from the Supreme Court ought to be dominating compliance practitioners' attention. Here, we have highlights of some of the more significant decisions, on matters ranging from whether staff should be paid for donning and doffing protective gear and when interns must be compensated to employer liability in instances of workplace bullying.
Whistleblowers can and should be integral forces within our compliance programs, but often they’re dismissed, branded traitors and blacklisted instead. Those who set out to blow the whistle often know they’ll be up against some serious opposition. But what about accidental whistleblowers? They’re just as subject to reprisal.
In the program’s first two fiscal years, the SEC received a total of 6,573 whistleblower tips. Although tips flowed to the SEC at the rate of nearly a dozen each business day, whistleblower awards were both rare and insubstantial for most of the first two years of the program. Yet, in the last few weeks of the program’s second ...
In August 2011, the U.S. Securities and Exchange Commission finalized its Dodd-Frank whistleblower incentive program to assist in discovering and investigating potential violations of securities regulations.
The actions of Edward Snowden have sparked a vigorous debate over the information-collecting measures of the U.S. intelligence and security communities.
Since the issuance of the DOJ’s and SEC’s FCPA Guidance in November 2012, FCPA legislative reform efforts have lost some steam.
If an organization’s tone at the top could be measured and correlated with higher earnings and lower rates of financial reporting fraud... most directors would almost certainly want to assess that tone.
These days, more and more companies are developing internal resources to manage potential FCPA violations.
The Justice Department and the SEC have underscored the importance of a company maintaining a clear disciplinary process so that executives, managers and employees are aware that a violation of the corporate code of conduct or the law will result in disciplinary action.