Compliance

A recent study has found that nearly 40 percent of general counsel lack visibility into corporate risk due to poor contract management practices. This lack of visibility directly impacts compliance, which is especially troubling for the financial services industry, where regulatory violations open organizations up to massive liability and fees.

Compliance managers understand the need for stringent protection of employee medical and health information. Managers may not understand, though, that in many cases, requirements to assemble information about workplace injuries and illnesses outweighs the need for such protections. So where do OSHA reporting requirements and HIPAA rules part ways?

Doing business out of state or planning to expand your operations? If so, it is important to determine the need to register and obtain a Certificate of Authority with every state in which you conduct business. Doing so will help to ensure that you avoid fines and other penalties such as being barred from using a state’s court system.

As companies begin to implement the new standard, it’s critical to understand the accompanying business and technology implications that follow. PwC’s latest report offers top-of-mind considerations to prepare for the process, data, system and control impacts and offers a five-step plan to ensure compliance with the new standard. Additional key elements include: Differences between the Full Retrospective Method and Modified...

Implementing a GRC technology solution can be a boon for your business. That is, if it's done with an appropriate, well-thought-out approach. Deloitte's Tim Cercelle, an Advisory director in the firm's Regulatory & Compliance group, offers key strategies to ensure your GRC tool works for you, and not the other way around.

One of the greatest challenges corporate compliance practitioners face is securing buy-in from staff on compliance objectives, as well as their participation in meeting these goals. To do that, the compliance function can't be viewed as "The Land of No," but as a valued partner in the success and profitability of the business. So where do we begin?

Despite the DOJ's best efforts -- in the form of prosecutions and prison sentences -- some individuals continue to engage in corporate misconduct. The DOJ's recent memo on individual accountability warns against protecting those culpable in the wrongdoing, whatever their position. If the organization wants credit for cooperation, the DOJ expects full disclosure.

As the corporate purse strings tighten, it's not uncommon to start hearing whispers about "compliance fatigue." But the reality is that the compliance function requires relatively little in the way of funding, and the financial savings achieved by remaining compliant are huge. It must be easy to lose sight of these facts. Let's retire this term, shall we?

With the announcement of the Joint Comprehensive Plan of Action in July, the UN Security Council's nuclear-related sanctions against Iraq will be lifted. Several Asia-Pacific countries are exempt from U.S. secondary sanctions on imports of Iranian oil; what will their response be? Experts at Clifford Chance provide an analysis.

Some might say recruiting and retaining top talent is an art: gut instinct is nearly as important in making hiring decisions as experience. However, even the most seasoned hiring managers can misjudge a candidate's fit for the organization. Incorporating people analytics into the process can help to fill those vacancies quickly -- and keep them filled.

Earlier this year, the EPA established a new rule to bring clarity to which wetlands and waters are protected under the Clean Water Act. The ruling was challenged, and a preliminary injunction has been granted. There’s still a fair amount of uncertainty around the subject, however. Companies developing on or near these areas should proceed with caution.

W-2 employee or 1099 contractor? Many businesses in the booming freelance economy have struggled to classify workers properly and have found themselves out of compliance with federal labor regulations. Armed with the right tools and insights, companies can enjoy the benefits of an on-demand workforce AND remain compliant.