Compliance Archive

Feb 19, 2019
SEC encourages board diversity disclosure
As US public companies prepare for the 2019 proxy season, the SEC has given them a nudge toward disclosing details on how they take diversity into account when making decisions about the composition of their board. The agency has taken the step at a time when there is growing investor pressure to boost diversity on boards, and an intensifyin...
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Jan 24, 2019
How Graybar stays current on governance trends
In the four years since the introduction of this category, this is the third time Graybar Electric Company has won the award for best overall governance for a private company. But then it has been working on governance – and doing so as a private firm – for a long time: it celebrated its 150th anniversary during the week of the awards and is in its 90th year of employee ownership. Its employee and retiree shareholders number more than 7,300, which means that des...
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Jan 23, 2019
How NW Natural overhauled its ethics code
The key project for NW Natural’s compliance and ethics program in 2017 was a detailed and creative overhaul of the company’s code of ethics. It was the first review since 2012 of the code, which the company describes as the foundation of its business integrity program and which applies to all employees and the board of directors. ‘The previous code was short and rule-based, full of thou shalt not language,’ explains Shawn Filippi, vice president, chief compl...
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Jan 23, 2019
Integrating compliance into Visa’s DNA
Visa has done it again, winning the best compliance and ethics program (large cap) award for the second year in a row. Among other things, the judges commended Visa for its anti-money laundering efforts and continuously updating its program: no resting on laurels here. Compliance professionals often point to the importance of making their work an integral part of how a business operates, and Visa has made this a cornerstone of its program. Compliance tries to emphas...
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Jan 03, 2019
SEC seeks input on quarterly reporting
Companies may get a better idea this year of potential changes to how and when they report earnings, after the SEC called for feedback on the existing regulatory framework. The agency last month published a request for comment on the ‘nature, content and timing’ of earnings releases and quarterly reports made by reporting companies. The SEC wants input on how it can ‘reduce burdens on reporting co...
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Nov 29, 2018
NYSE opens comp committee exemptions to more companies
The SEC has approved changes to the NYSE’s listed company manual that will enable more smaller issuers to benefit from exemptions from compensation committee compliance requirements. The SEC in June adopted amendments to the ‘smaller reporting company’ (SRC) definition to expand the number of companies that qualify for certain existing disclosure benefits. The changes went into effect on Septem...
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