The SEC’s Division of Enforcement was not alone in getting a report from the SEC’s Inspector General: Improvements Needed Within the SEC’s Division of Enforcement. The Office of Compliance Inspections and Examinations also got a review from the Inspector General: Review and Analysis of OCIE Examinations of Bernard L. Madoff Investment Securities, LLC. For this [...]
Archive | September, 2009
Improvements Needed Within the SEC’s Division of Enforcement
The SEC’s Inspector General, H. David Kotz, released his most recent report: Program Improvements Needed Within the SEC’s Division of Enforcement. The report is sort of a follow-up to the Madoff Report. The Office of the Inspector General conducted a review “to identify systemic issues that would prevent Enforcement from accomplishing its mission to enforce [...]
Facebook, Twitter, LinkedIn and Compliance: What Are Companies Doing?
The Society of Corporate Compliance and Ethics and the Health Care Compliance Association conducted a survey among compliance and ethics professionals in late August 2009 to see what employers are doing about the use of these sites by their employees. They got back almost 800 responses from their members using an online survey tool. 50% [...]
Managing Risk in the Financial Sector
On Sept. 16, 2009, Compliance Week and Navigant Consulting presented an exclusive editorial roundtable about compliance practices at financial services firms at The Mandarin Oriental Hotel in Boston. (Apparently not so exclusive, considering I was able to get in. I even made it into one of the article’s pictures. – That’s me eating my fingers [...]
Governing Corporate Compliance and New Governance
Miriam Baer of the Brooklyn Law School published an interesting article on “New Governance”: Governing Corporate Compliance. The professor rejects the notion that adversarial relationships produce good regulation. She looks towards the “theory of regulation characterized by a collaborative tone between regulator and regulated entity, a problem-solving orientation, continuous assessment and revision of both expected [...]
Workplace Challenges of Influenza (Seasonal and H1N1)
Have you gotten your flu shot yet? I noticed the leaves changing colors in my backyard. That means the annual influenza season is approaching. This year we also get the second round of the Swine Flu. (The pork industry prefers that we use the H1N1 designation instead.) It looks like this second round of H1N1 [...]
Corporate Responsibility Weathering the Economic Storm
The Boston College Center for Corporate Citizenship released their findings in the 2009 State of Corporate Citizenship in the United States. Despite the upheaval in the economy, a majority of U.S. companies are not making major changes in their corporate citizenship practices. Of those who made changes: 38% reduced philanthropy/giving, 27% increased layoffs, and 19% [...]
Social Networking for Legal Administrators
I am giving two presentations today to the Boston Chapter of the Association of Legal Administrators at their 5th Annual One Day Educational Conference. In the morning, my presentation is Social Networking 101 and the afternoon is Social Networking 201. Social Networking 101 This session is for those who don’t know about social networking and [...]
Join Me at Enterprise 2.0
On November 4, I will be out in San Francisco at the West Coast Enterprise 2.0 Conference on this panel: Social Media: Policy Formation and Risk Management Policy formation, risk management, media relations, and governance programs become a critical requirement as organizations assess implications to the enterprise arising from employee participation in social networking sites [...]
Redefining Risk
Maybe we should define risk as what needs to go right, instead of what could go wrong. Although I would like to claim credit for this view of risk, it came from James Bone of Global Compliance Advisors, LLC. I met James at a Compliance Week round table last week discussing risk management and regulatory [...]
