SEC Inspector General H. David Kotz In the first Congressional hearing since the Madoff scandal broke in December, Mr. Kotz said his agency’s handling of the Madoff case may be a symptom of more widespread problems with how the agency handles its examinations and investigations. Kotz testified on the subject of “Assessing the Madoff Ponzi … Read more »
Risk Mismanagement
I really enjoyed the story by Joe Nocera in the New York Times: Risk Mismanagement. The author focuses on the failures of risk management during the most recent financial crisis. The author starts with the failure of the VaR (Value at Risk) model used by many companies. He then moves on to the theories of … Read more »
Knowledge Management Sites Search
I have update my KM Sites search tool. The search below is built from a custom Google Search It searches the following sites: 3 Geeks and a Law Blog Aa..ha![Thinking Inside The Blog] Above and Beyond KM by Mary Abraham AcidLabs by Stephen Collins All of Us are Smarter Than Any of Us by Chris … Read more »
New York Public Pension Funds’ Regulation No. 85
The Superintendent of Insurance of the State of New York promulgated the Second amendment to Part 136 of Chapter IX of Title 11 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Regulation No. 85) (.pdf) in October 0f 2008. The regulation is intended to have the business of … Read more »
Lawyers and Twitter
I am user of Twitter. For those of you unfamiliar with Twitter, you can think of it as a combination of blogging and instant messaging. Each post or tweet is limited to 140 characters so you can send tweets by text message. Like most social media, it is cheap (free and currently free of advertising) … Read more »
Four Types of Search
I spent a fair amount of time at a prior job looking at document management systems and enterprise search. As part of the knowledge management effort, it was key to figure out how people found the information or documents they needed. In reviewing user behavior, I have identified four different types of searches for documents: … Read more »
Managing Customer Data From The EU: Are You Compliant?
TRUSTe presented a webinar on Managing Customer Data From The EU: Are You Compliant? The panelists were: Maureen Cooney, CPO and VP of Public Policy, TRUSTe Damon Greer, Director, US-EU Safe Harbor Framework, US Department of Commerce, International Trade Administration Heather Shaw, Vice President, ICT Policy, US Council for International Business Dean Forbes, CIPP, Sr. … Read more »
You Need An Impartial Chief Compliance Officer
As Merritt Maxim of CA points out, Madoff Scheme Highlights Need for Impartial CCO, one of the biggest red flags in the Madoff scandal was that was the disclosure that Madoff’s brother Peter served as the firm’s Chief Compliance Officer. “While having any sibling or family member serve as a CCO should not be an … Read more »
Corporate In-House Counsel in the Age of Internal Compliance
You can listen to a webinar from the Georgetown Journal of Legal Ethics Fall Symposium – Corporate Compliance: The Role of Company Counsel from October, 2007. Panel III – Corporate In-House Counsel in the Age of Internal Compliance Mitt Regan, Professor, Georgetown Law Tanina Rostain, Professor of Law, New York Law School Kathleen Barlow, Vice … Read more »
Zip Codes Are Not Personal Identification Information Under California Law
In Party City Corp. v. The Superior Court of San Diego County, the California Court of Appeal in the Fourth Appellate District held that zip codes are not “personal identification information” under California’s Song-Beverly Credit Card Act of 1971, California Civil Code Sec. 1747.08. Information “concerning the cardholder” is protected pursuant to the purposes of … Read more »