Here are some interesting stories from the past week: Compliance Surprises in Cuba’s Closed Economy by Alexandra Wrage on the WrageBlog Companies enjoying any success in Cuba have partnered with savvy locals who guide them through the dense, opaque bureaucracy. Such companies must convince the government that they are there for the long haul. They … Read more »
Category: Compliance Bricks and Mortar
Calendars and Household Compliance
It is hard to keep track of who is doing what with a busy family. You can’t show up on time and do what you are supposed to do if you don’t where you are supposed be. My work calendar runs on an Exchange / Outlook platform, as does The Wife’s calendar. Now that The Son … Read more »
Compliance Bits and Pieces
Here is this weeks collection of stuff I found interesting, but didn’t blog about: To Combat Overseas Bribery, Authorities Make It Personal Dionne Searcy for The Wall Street Journal “To really achieve the kind of deterrent effect we’re shooting for, you have to prosecute individuals,” Mark Mendelsohn, deputy chief of the Justice Department’s criminal division, … Read more »
Draft SEC Strategic Plan for 2010-2015
The Securities and Exchange Commission is seeking comment on its draft Strategic Plan. The document includes drafts of the SEC’s mission, vision, values, strategic goals, major initiatives, and performance metrics for fiscal years 2010 through 2015. Draft SEC Strategic Plan for 2010-2015 Here is the new vision: The SEC strives to promote a market environment … Read more »
National Breast Cancer Awareness Month
October is National Breast Cancer Awareness Month. Compliance Building, like many others, has gone pink to promote and support the world’s fight against breast cancer. After watching the NFL players sporting pink accents on Sunday, I figured I could do the same thing. So I updated the website and changed many of the colors to … Read more »
Bits and Pieces on Compliance
Here are a few stories and items that caught my eye recently, but I have not had time to build-out to a full post: Role of Federal Sentencing Guidelines in FCPA Cases from the WrageBlog Given the tremendous fines imposed upon Siemens AG and Kellogg Brown & Root LLC (“KBR”) in the past 10 months, … Read more »
The Downside to Corporate Transparency
Dilbert points out the downside when you don’t sugarcoat your message: Read more »
SEC Announces New Division of Risk, Strategy, and Financial Innovation
The Securities and Exchange Commission announced the creation of its new Division of Risk, Strategy, and Financial Innovation. University of Texas School of Law Professor Henry T. C. Hu will be its first Director. Professor Hu authored several articles that brought attention to potentially manipulative market practices using borrowed stock and derivatives. “The new division … Read more »
Dogbert on Executive Compensation
I wonder if the SEC is thinking about using hobos as part of its “Say on Pay” regulations? Read more »
The Collapse of AIG
There have been many stories about the collapse of AIG. There have also been many stories about the internal flaws at AIG. The pitchforks were out when bonuses were announced in March. One of those executives was Jake DeSantis who wrote a New York Times OP-ED about his bonus. (AIG Bonus – My Thoughts) It … Read more »