Category: Compliance Bricks and Mortar

These are some of the compliance-related stories that recently caught my attention. The Houston Texans and (How Not To Do) Long Term Compliance StrategyTom FoxFCPA Compliance & Ethics Yet as idiotic as the giveaway of Clowney was, it was only the opening move. Later that day, the Texas traded not one No. 1 pick, not … Read more »

These are some of the compliance-related stories that recently caught my attention. Woodstock 50th and Succession Planning in Complianceby Tom FoxFCPA Compliance & Ethics The Woodstock music festival informs today’s topic of succession planning from the compliance perspective and is another area where compliance can play a key role. A.G. Lafley and Noel M. Tichy, in … Read more »

These are some of the compliance-related stories that recently caught my attention. Board Members Should Take Note — Delaware Supreme Court Issues Important Decision on Caremark Compliance Standardby Michael VolkovCorruption, Crime & Compliance The Delaware Supreme Court returned to this issue in a recent case – Marchand v. Barnhill et al, HERE, a case involving Blue Bell … Read more »

If you’re reading this on Friday morning, I’ll be on my bike riding from New York border to Sturbridge for the unofficial Day Zero ride of the Pan Mass Challenge. The official start is Saturday morning, when I’ll ride from Sturbridge to Bourne, and then from Bourne to Provincetown on Sunday. That will be almost … Read more »

These are some of the compliance-related stories that recently caught my attention. Proskauer Launches Private Equity SEC Enforcement Tracker The tracker contains key information from the actions, including summaries of key issues, settlement terms, and relevant statutory provisions.  The tracker will be an important resource for us and our clients, providing us with quick access … Read more »

These are some of the compliance-related stories that recently caught my attention. REIT Manager Overpaid Itself When Calculating Incentive FeeCipperman Compliance A large REIT manager, together with its CEO and CFO, agreed to pay over $60 Million in disgorgement, interest and penalties for inflating incentive fees and taking reimbursement for significant expenses.  The SEC asserted that … Read more »

These are some of the compliance-related stories that recently caught my attention. Allison Herren Lee Sworn In As SEC Commissioner Allison Herren Lee was sworn into office on July 8 as an SEC Commissioner.Ms. Lee was nominated to the SEC by President Donald J. Trump and unanimously confirmed by the U.S. Senate.“Allison’s expertise in securities law, including … Read more »

These are some of the compliance-related stories that recently caught my attention. SEC Enforcement Against Private Equity Firms in 2018: Year in ReviewJames E. Anderson, Elizabeth P. Gray, Justin L. Browder, and Jonathan Tincher In 2018, the Securities and Exchange Commission (the “SEC”) continued to pursue a series of enforcement actions against private equity fund … Read more »

These are some of the compliance-related stories that recently caught my attention. Day of Reckoning for KPMG – Failures in EthicsTom FoxFCPA Compliance Report How bad was KPMG’s conduct? It was so bad that I had to interrupt my previously started blog post series on continued allegations of bribery and corruption against US and other … Read more »

These are some of the compliance-related stories that recently caught my attention. Tuesday: Tax transparency, the myth of the unlevered IRRsPrivate Funds Management LPs want to know what effect this has on IRR. ILPA recommends that net IRR should be presented both with or without use of the credit facility, as referenced in this video from one of … Read more »