On Thursday November 13, 2008, The House Commitee on Oversight and Government Reform held a hearing on hedge funds and the financial market. The following witnesses testified: Professor David Ruder, Northwestern University School of Law, Former Chairman, U.S. Securities and Exchange Commission Professor Andrew Lo, Director, MIT Laboratory for Financial Engineering, Massachusetts Institute of Technology, … Read more »
The Implications of Stone v. Ritter
In 1996, Delaware’s Court of Chancery stated in the Caremark case that a director’s duty of good faith includes a duty to attempt to assure that a corporate information and reporting system exists, and that failure to do so may, under some circumstances, render a director liable for losses caused by the illegal conduct of … Read more »
Metcalf & Eddy Settlement
This is a FCPA civil settlement between the United States of America and Metcalf & Eddy (.pdf). Metcalf & Eddy’s agreement in this settlement was to institute their FCPA Compliance Program. You can use the settlement as resource guide to what the government expects in compliance programs pertaining to FCPA. Click here to download the … Read more »
Corporate Compliance And Ethics Week
The Society of Corporate Compliance & Ethics is promoting the week of May 3-9, 2009 as Corporate Compliance & Ethics Week. Read more »
Inflated Credentials
The Wall Street Journal had a story on inflated academic credentials: Inflated Credentials Surface in Executive Suite by Keith J. Winstein. Kroll issues an annual report of its “hit ratio” that says about 20% of job seekers and rank-and-file employees undergoing background checks by their companies are found to have inflated their educational credentials. Referring … Read more »
Littler Mendelson White Paper on California’s Mandatory Training Law
Littler mendelson, P.C. put together a White Paper on California’s Mandatory Training Law for Sexual Harrassment. The purpose of this white paper is to provide analysis and practical information to employers as they re-train their supervisors in the 2007 training year pursuant to California’s mandatory training law. The authors of the White Paper are David … Read more »
How Big Do You Need to Be to be Required to Provide Sexual Harassment Training
California Assembly Bill 1825 codified in California Government Code section 12950.1 requires that employers train supervisors on sexual harassment every two years if the company has 50 or more employees. But does that mean more than 50 employees in California or more than 50 employees in total? The Sexual Harassment Training and Education Regulations Section … Read more »
Regulations for Sexual Harassment Training in California
On April 23, 2007, the Fair Employment and Housing Commission Adopted its March 27, 2007 Sexual Harassment Training and Education Regulations With No Further Changes. I previously posted about the enactment of the statue: Sexual Harassment Training in California. Sexual Harassment Training and Education Regulations Read more »
Sexual Harassment Training Requirements in California
California Assembly Bill 1825 codified in California Government Code section 12950.1 requires that employers train supervisors on sexual harassment every two years. AB 1825 applies only to entities that regularly employ 50 or more employees or regularly receive the services of 50 or more persons pursuant to a contract. Presumably the “receiving services” language is … Read more »
Knowledge Management and Compliance
One of the reasons for moving from knowledge management to compliance was the overlap in concepts and some issues. Sumner Blount summarized a lunch talk from Scott Mitchell of OCEG discussing the need for a unified approach to managing risk and compliance: 1. The high cost of information silos – siloed approaches to risk and compliance … Read more »