Tag Archives: Compliance


2017 Ethics & Compliance Training Benchmark Report

2017 Ethics & Compliance Training Benchmark Report

In our most recent study, we found that many companies do not take ethics and compliance training seriously. In fact, 37 percent of organizations do not have a formal compliance training program in place. And for the ones that do, only 56 percent train on workplace harassment, despite the uptick in missteps in the news

Views Of The Capitol As Senate Adopts Budget With Cuts That Don't Privatize Medicare

Former DOJ Official on Evolution of Corporate Compliance

By Yin Wilczek, Bloomberg BNA Hui Chen recently left the Justice Department after almost two years as the department’s first-ever compliance counsel. While at the Criminal Division’s Fraud Section, she helped prosecutors evaluate corporate compliance programs in areas such as securities and financial fraud, health-care fraud, and foreign bribery. Her cases at the DOJ included BP

Photographer: Andrew Harrer/Bloomberg

DOJ Seeks ‘Compliance Whisperer’ With Experience

By Liz Crampton, Bloomberg BNA The Justice Department’s fraud section is looking for a replacement compliance counsel as the current employee’s contract is set to expire later this year. Hui Chen, the current compliance counsel, was the first person to assume the position when she was hired two years ago to bring a private sector

An illuminated sign hangs above an entrance to the UBS Group AG headquarters in Zurich, Switzerland, on Saturday, Dec. 24, 2016. Photographer: Michele Limina/Bloomberg

Ex-UBS Compliance Officer in Court on $1.8 Million Insider Case

By Suzi Ring, Bloomberg News A former UBS Group AG compliance officer and a day trader charged by U.K. regulators with insider trading appeared in a London court for the first time to face allegations that they made 1.4 million pounds (1.8 million) illegally trading shares of Elizabeth Arden Inc. and four other companies. Fabiana Abdel-Malek,

Eric Grossman

Top Morgan Stanley Lawyer: Legal and Compliance Belong Together

In the wake of the financial crisis, many of the country’s top banks separated their legal and compliance department. Morgan Stanley’s chief legal officer Eric Grossman believes that was the wrong way to go. During a keynote address at Bloomberg Law’s Big Law Business Summit in Midtown Manhattan Wednesday, Grossman told an audience of law

Photographer: Krisztian Bocsi/Bloomberg

Deutsche Bank Now Has — Count ’Em — Five Outside Monitors

By Greg Farrell, Bloomberg News Banks that settle government investigations often receive an outside monitor to ensure that they make good on their promises to reform. Deutsche Bank AG now has five. To resolve the Justice Department’s investigation over its mortgage-backed securities business, the bank agreed Tuesday to a $7.2 billion penalty, more than half


2016 Ethics & Compliance Virtual Conference Highlights the “Return on Ethics”

At NAVEX Global we know that when organizations invest – financially and culturally – in compliance, it creates value for the organization and its customers, employees and constituents. A recent report from the Ethisphere Institute shows that publicly traded companies on their list of the World’s Most Ethical Companies outperform the S&P 500 by an

Hiroshi Shimizu, executive vice president of Takata Corp., from left on stage, Shigehisa Takada, chairman and president, and Yoichiro Nomura, chief financial officer, attend a news conference in Tokyo, Japan, on Thursday, June 25, 2015. Takada made his first public apology for the eight deaths and hundreds of injuries related to the company's air bags dating back more than a decade. Photographer: Kiyoshi Ota/Bloomberg

Facing Recall and Lawsuits, Takata Adds Compliance Power

Takata Corp., the automotive safety company whose defective air-bag inflators have triggered the biggest recall in U.S. auto industry history, announced Wednesday it has appointed a new lawyer to oversee compliance matters in North America. The move comes as the Japanese company is said to be contemplating bankruptcy protection in the U.S. Paul O’Brien will serve as vice president

Photo by James Nielsen/Getty Images

Can GCs Perform a Compliance Role and Act as Strategic Advisors?

Today, general counsels play increasingly expansive roles, acting as both a legal adviser on business strategy and a gatekeeper with compliance responsibilities. But do those two roles come into conflict? That’s the question that University of Michigan business school professor H. Nejat Seyhun, and his co-author S. Burcu Avci, put forth in a paper released this summer. The title of the paper, “Why