These are some of the compliance-related stories that recently caught my attention. They caught my attention after completion of my Pan-Mass Challenge ride last weekend. (Even though the ride is over, there is still time to donate: http://profile.pmc.org/DC0176.) This is the team photo taken on Saturday afternoon.
Compliance Careers Looking Good, Mostly by Matt Kelly in Radical Compliance
In the wake of last Friday’s stellar jobs report, let’s take a look this morning at the career trends working away on compliance officers—which, as often happens with this profession, is both good and bad news at the same time.[More…]
The Morning Risk Report: Court Ruling on Password Sharing Not the Last Word by Ben Dipietro in the Wall Street Journal
A U.S. appeals court ruling in a case involving the sharing of a work-related password will make it easier for companies to prosecute employees and former employees for accessing networks to which they no longer have permission to enter, but the issue remains unsettled and more action is needed to clarify the scope of the ruling, said one executive at a compliance services firm. French Caldwell, chief evangelist at compliance services firm MetricStream, said either more court rulings are needed to clarify the decision or Congress will have to act to specify what types of password sharing would be violations of U.S. law. [more…]
Exxon Mobil Climate Change Inquiry in New York Gains Allies by John Schwartz in the New York Times
Mr. Schneiderman began his investigation in November. His staff is looking at whether statements the company made to investors about climate risks — some as recently as last year — conflicted with the company’s own scientific research. [More…]
A Gold Medal in Integrity by Adam Turtletaub in SCCE’s Compliance & Ethics Blog
The Dutch team has very strict rules about alcohol consumption and leaving the team’s base of operations. Yuri van Gelder, a gymnast, broke them. After qualifying for the finals on the rings he went out drinking and stayed out into the small hours of the morning, Reuters reported.
So what did the team do? They expelled him. [More…]
A Trip to the Dentist for Some Compliance Insight by Tom Fox in FCPA Compliance & Ethics
It struck me that the diverse problem solving requirements are very close to what the compliance professional must do and it pointed to the differences between the compliance discipline and the legal discipline in corporate America. Lawyers are there to protect the company. Such a role can include problem solving but it does not move to the types of solutions that a compliance professional must develop in a best practices compliance program. [More…]
FCPA Compliance: Does “Anything of Value” Really Mean “Anything of Value”? by Michael Volkov in Corruption Corime & Compliance
If I hire a relative to a foreign official with the intent to influence the foreign official, my liability should not depend on whether we can provide a precise calculation of the “intangible benefit” to the foreign official. Instead, a prosecutor will have to prove beyond a reasonable doubt that I acted with corrupt intent to influence the government official by hiring his or her relative. That seems sufficient in my mind without having to resolve the existential question of what constitutes an intangible benefit. [More…]
Last Lap for U.S. Bike Idol Evelyn Stevens by Jason Gay in the Wall Street Journal
Evelyn Stevens has lived the dream of every weekend warrior cyclist who’s ever wondered: What would happen if I quit my day job and rode my bike full time?
Most of us mortals would wind up pedaling straight back into the office. But Stevens, 33, climbed straight to the top of her sport. [More…]