U.S. Senate Hears About Madoff

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing on the background and implications of the Madoff scandal: Madoff Investment Securities Fraud: Regulatory and Oversight Concerns and the Need for Reform. Video Archive Member Statements Senator Christopher J. Dodd Witness Testimony Professor John C. Coffee, Adolf A. Berle Professor […]

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International Data Privacy Day

January 28, 2009 is International Data Privacy Day. [Intel's Collection of data privacy materials]. The United States, Canada, and 27 European countries will celebrate Data Privacy Day together for the second time. One of the primary goals of Data Privacy Day 2009 is to promote privacy awareness and education among teens across the United States. […]

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New I-9

Starting February 2, 2009 there is a new I-9 (.pdf) for new employees. What’s new?: All documents presented during the verification process must be unexpired. Two new documents have been added that establish both identity and employment authorization Three documents were removed from the list of acceptable documents The Department of Homeland Security U.S. Citizens […]

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Encouraging Courage on the Job

G. Jeffrey MacDonald takes a look at whistleblower policies in business for the Christian Science Monitor:When courage is encouraged on the job: How workplaces can motivate employees to take a stand when trouble brews. In business, the difference between a fixable mistake and an irreparable disaster sometimes hinges on whether employees dare to take a […]

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Tips for Getting Your GRC Program Running Quickly

Mike Hoefgen of CA put together some Tips for Getting Your GRC Program Running Quickly. Even if you do not put your compliance program into the GRC archetype there are some useful thoughts. It is not a project. GRC / compliance is an on-going business process. I encountered this when I was in knowledge management. […]

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Bingham’s Take on Compliance Reviews of an Extraordinary Year

Nancy M. Persechino of Bingham McCutchen LLP put together her take on the Compliance Reviews of an Extraordinary Year. She also includes a chart of the changes in law and rules, new guidance, and enforcement actions (.pdf). Given the market turbulence of the past year and the rapidly changing business and regulatory environments, many CCOs […]

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Madoff Liquidation and Suits Filed Against Madoff

On January 2, 2009, the trustee charged with liquidating Bernard Madoff Investment Securities, LLC issued a notice outlining the requirements for filing SIPC claims. Notice of Commencement of Liquidation Proceeding for Madoff Investment Securities Anyone having a claim or potential claim against BMIS should read that notice. It provides that customers of BMIS must file […]

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Employer Notices to Employee Under the Family and Medical Leave Act

An employer must provide written notice to an employee each that an employee gives notice of the need for FMLA leave. The employer has to give the notice within a reasonable time after notice of the need for leave is given by the employee (within one or two business days if feasible.) [See 29 CFR […]

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Fact Sheet 28 for The Family and Medical Leave Act

In addition to putting up the new FMLA poster, covered employers must  give notices to employees about their rights under the Family and Medical Leave Act. Section 29 CFR 825.301 describes the required notices. If you have written guidance to employees concerning employee benefits or leave rights, such as in an employee handbook, information concerning […]

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Record Keeping Under the Family and Medical Leave Act

The Family and Medical Leave Act does impose some record-keeping requirements on employers. [See 29 CFR 825.500]. The law does not impose any particular form or order of the records. Employers umst keep the records for at least three years. Covered employers who have eligible employees must maintain records that must disclose the following: Basic […]

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