Doug Cornelius on compliance for private equity real estate
My social media policies database is now up to 162 policies. I troll the internet periodically to add new policies as they become public. If you are looking to draft your own social media policy, the policies in the database are a good place to start. Currently they are organized into these industries Education (5) … Read more »
I previously wrote about how the Restoring American Financial Stability Act being tossed around in the Senate could affect private investment funds by changing the definition of accredited investor and altering the process for a Regulation D private placement. It looks like much of that is going to be wiped out of the bill. Senate … Read more »
If you have ERISA plan investors in your private investment fund you should know that they have new reporting requirements this year. There is a new rule that requires greatly expanded disclosure of monetary and non-monetary compensation paid by the ERISA plan. On Schedule C to Form 5500, the plan will need to identify any … Read more »
Iceland has been a sources of trouble. In October of 2008 their banking system crashed after ill-advised over-expansion. Proportionally, Iceland’s financial meltdown made the US failure look quaint. The three biggest banks in Iceland, a country of only 310,000, made loans totaling over 850% of Iceland’s Gross Domestic Product. In April, Iceland’s Eyjafjallajökull volcano erupted … Read more »
The folks at Mitratech were nice enough to send me to Miami to talk at their annual Interact 2010 conference to talk about social media and compliance. This was the session description: Governing Social Media: How to Monitor, Manage and Make the Most of Employee Use of Social Media Doug Cornelius, Chief Compliance Officer, Beacon … Read more »
I’m in Miami today for Interact 2010. I will try to post my notes from some of the sessions. Here is my agenda for the day: Innovations in Legal and Compliance Technologies Afshin Behnia, President & CEO, Mitratech. The session will review the state of the legal and compliance industries and present new trends and … Read more »
The subtitle of Money for Nothing lets you know what’s coming: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions. If you’ve had your pitchfork and torch at the ready for a march on corporate malfeasance, then this is the book for you. John Gillespie and David Zweig spend the … Read more »
Here are some interesting articles from the past week: When Investors Say Bad Things on Pay by Matt Kelly in Compliance Week‘s The Big Picture Shareholders had their say on pay at two U.S. corporations last week—and for the first time ever in this country, the answer was “no.” Motorola held its annual meeting on … Read more »
Don’t settle for getting just cash from your ATM. Insist on gold. The Emirates Palace hotel in Abu Dhabi has installed an ATM that spits out gold instead of the local currency. The ATM monitors the hourly price of gold and offers small gold bars. In addition to 1 g, 5 g and 10 g … Read more »
The SEC censured and fined an investment adviser for due diligence lapses. Yosemite Capital Management, LLC and its managing director, Paul H. Heckler, got a wrist slap for failing to disclose to clients that they had encountered substantial problems when attempting to perform the due diligence. The big problem is that Yosemite had made a … Read more »