For some reason, ethics and compliance professionals rarely participate in big picture conversations about employee pay. It’s a strange state of affairs, given how many legal and ethical risks are involved. The wage gap is getting more and more attention, and firms with significant executive-to-employee wage disparities will answer to the court of public opinion sooner or later.
The SEC has recently brought cases against national audit firms for audit failures – the first since 2009. This development signals a shift among regulatory agencies to hold financial gatekeepers more accountable. Candela Solutions’ Ron Kral offers five tips to help firms achieve maximal value from the external audit process.
Since news of the Panama Papers leak broke several weeks ago, fallout has been felt far and wide. Heads of state have stepped down and several governments are stepping up their enforcement efforts. But not every party involved is feeling the pinch: a Swedish tech startup has the leak to thank for its big break. Here’s the biggest Panama Papers-related news from April.
With international bribery and corruption investigations hitting new highs, the DOJ announced a pilot program urging companies to self-report violations of the FCPA by potentially offering a 50 percent discount on fines, the avoidance of a compliance monitor and maybe even a declination of prosecution. The program became effective starting April 5 for one year and applies to all FCPA matters handled by the DOJ’s Fraud Section.
Members of the Council of Institutional Investors in March adopted a new policy urging companies to use a one-share, one-vote structure when they IPO. CEOs of multiple-class structures often justify them as promoting management’s ability to pursue long-term investment in the face of short-term market pressures. But the results of this approach don’t support that reasoning.
Global expansions can be a strong revenue generator to mid-sized businesses when executed correctly. If you’re not sure where to begin, here are some key points to help ensure you don’t make any serious missteps while you grow your business internationally.
Corporate Compliance Insights is a professionally designed and managed forum dedicated to online discussion and analysis of corporate compliance, risk assessment, ethics, audit, and corporate governance topics. Additionally, Corporate Compliance Insights is a focused knowledge-sharing forum designed to educate and encourage informed interaction within the corporate compliance community. Corporate Compliance Insights is founded by Maurice Gilbert, managing partner of the Conselium Executive Search Firm, a compliance-focused executive search firm.