Compliance Archive

Jun 21, 2019
The week in GRC: SEC eyes revamping exempt-offering framework, and investors urge compliance with CDP reporting
– The Wall Street Journal reported that auction house Sotheby’s agreed to be taken private by art collector and media entrepreneur Patrick Drahi in a $2.7 billion deal. ‘After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success,’ Sotheby’s ...
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Jun 21, 2019
Inside CDP’s method for environmental reporting
What is CDP’s main ESG focus and who does it serve? We focus on the E of ESG by asking companies, cities, states and regions to disclose their environmental impacts, approaches, commitments and mitigation efforts through our global environmental disclosure platform. We do this on behalf of investors and corporate and government buyers, as well as global networks of mayors, such as the Global Covenant of Mayors for Climate & Energy. We al...
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May 31, 2019
Research shows ethics taking center stage for compliance
A new study highlights many companies’ increasing focus on ethics and its growing role within the work of compliance teams. Two thirds (66 percent) of chief ethics officers and chief compliance officers (CCOs) surveyed by KMPG identify ethics as one of the key regulatory and compliance obligations around which they plan to refine their efforts in 2019. By comparison, the other four top-rated areas – privacy, product safety, time and expense compliance and third-...
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May 17, 2019
House to address whistleblower protections
Corporate whistleblowers may have an easier decision to report concerns in-house with the full House of Representatives set to consider a bill that would expand the scope of their protections. If approved, HR 2515 would make clear that whistleblowers who raise concerns about alleged misconduct internally to their employers - but not to the SEC - are protected by the Dodd-Frank Act’s anti...
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May 16, 2019
CII urges SEC to fix non-Gaap CD&A disclosures
The Council of Institutional Investors (CII) has filed a petition with the SEC urging the agency to fix what it says is a regulatory loophole allowing companies to use potentially inflated earnings data in assessing executives’ pay without explanation.  CII is concerned that companies using executive compensation targets based on non-Gaap financial measures are not required to adequately disclos...
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May 14, 2019
SEC approves new tech exchange
The SEC has given the go-ahead for a new US exchange – the Long-Term Stock Exchange (LTSE). Designed for high-growth tech companies with long-term prospects and investors that understand startups, the San-Francisco-based LTSE has big ambitions: to allow startups to list on the public market while focusing on research, to let long-term investors cash in on fast-growing startups and to provide the tools to support both parties. It is arguably the second point...
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May 10, 2019
The week in GRC: SEC proposes easing smaller companies’ audit burdens, and Kraft Heinz to restate earnings
– CNN reported that Kraft Heinz disclosed it will restate more than two years of financial results after some of its employees engaged in misconduct. The company said in an SEC filing that an internal probe found employees had fabricated a number of transactions related to suppliers and procurement. The company said it did not believe the amount of the restatement was ‘quantitative...
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May 08, 2019
Better Markets frets SEC’s offering plan amid positive reviews
Business groups and corporate attorneys have welcomed plans that would allow companies to check out interest in their potential IPOs without having to take formal steps – but concerns have also been raised by Better Markets. The SEC has proposed expanding the scope of the so-called test-the-water regulatory tool that allows prospective issuers to gauge market interest in a possible IPO or other registere...
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