Compliance Archive

It may seem like the days are long, but the weeks fly by when it comes to preparing for a major new regulatory compliance regime. And that is how many businesses are likely to feel as what seemed like a generous 18-month ramp-up from passage of the California Consumer Privacy Act of 2018 (CCPA) to its January 1, 2020 effective date sped past. Not only is the CCPA the broadest – and the most comprehensive – data privacy law ever enacted in the US, but last-minute...

The SEC should reconsider what it is trying to achieve in revamping the regulatory framework governing proxy advisers and shareholder proposals – and revise its rulemaking proposals in the area, according to the commission’s own investor advisory committee (IAC). ‘While we appreciate the commission’s effort to seek a productive balance in a changing environment for corporate governance and shareholder engagement, we are concerned that the [proxy advisers and...

Comscore is a great example of using technology to move a compliance and ethics program forward. Centralizing and automating its training program over the past year has brought benefits in terms of improving the timely uptake of courses, being able to spot areas that need attention and fostering a compliance-focused culture. Our judges appreciated Comscore’s use of data analytics as part of a ‘comprehensive’ program. Comscore’s more than 1,500 employees acro...

– Reuters reported that the US Department of Labor has made it tougher for employees of fast-food restaurants or other big franchises to sue corporations when individual franchise owners violate wage laws. The department issued a rule, which takes effect in March, that will make it more difficult to prove companies are liable...