FDICFailures

More than 100 Banks Have Failed in 2009

Bank closures are usually symptomatic of the economy. Last Thursday, the number of banks subject to FDIC closure stood at 99. Since FDIC take-overs are usually Friday afternoon, the question was “Would the FDIC would reach one hundred this weekend?” They smashed through the century mark, closing seven banks over the weekend: First DuPage Bank, […]

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Who Knows What?

A nice piece in Monday’s Wall Street Journal on knowledge management: Who Knows What? Finding in-house experts isn’t easy. But most companies make it harder than it should be. The article, by  Dorit Nevo, Izak Benbasat and Yair Wand, explores the expertise location benefits of enterprise 2.0. The authors describe the use of blogs, wikis, social […]

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fly fishing

No Bribe, Just a Thanks

The Commonwealth of Massachusetts Ethics Commission fined Norfolk property developer Jack Scott for violating section 3 of M.G.L. c. 268A, the conflict of interest law, by offering an illegal gift to a municipal employee. Scott offered a free week’s stay at his fly-fishing cabin in Pennsylvania to the chairman of the Norfolk Conservation Commission at […]

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Compliance Bits and Pieces

Here are some interesting stories from the past week: Compliance Surprises in Cuba’s Closed Economy by Alexandra Wrage on the WrageBlog Companies enjoying any success in Cuba have partnered with savvy locals who guide them through the dense, opaque bureaucracy. Such companies must convince the government that they are there for the long haul. They […]

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boston km forum

Personal Knowledge Management and Compliance

Today, I am presenting at the Boston KM Forum on Personal Knowledge Management. My presentation is part an all-day symposium on personal knowledge management. My take on this subject is that knowledge management had been too focused on the benefits to the enterprise instead of the immediate benefits to the individual. Firehose of Information We […]

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New Mexico Regulates the Use of Placement Agents

New Mexico, like New York and California is regulating the use of placement agents. The state has adopted the New York Model and banned any future investments with money managers who employ third-party placement agents. They have also instituted enhanced disclosure requirements. The New Mexico State Investment Council policy will preclude any investments being made […]

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Insider Trading Enforcement

Either the Securities and Exchange Commission has stepped up its enforcement of insider trading or it’s doing a better job of publicizing its enforcement. Earlier this week, the SEC announced its case against Raj Rajaratnam and his New York-based hedge fund advisory firm Galleon Management LP. On September 23, they charged Reza Saleh with insider […]

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Privacy on Both Sides of the Atlantic

Here is the United States we are mostly talking about financial information and medical information when it comes to privacy and  data security. The state data privacy laws focus on social security numbers and financial account information. HIPPA created a federal regulatory regime for medical information. Europe has been focused less on financial information and […]

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solitaire

Compliance and Solitaire

Compare playing solitaire on your computer against using a deck of cards to play solitaire. The computer won’t let you cheat. You can’t put the card on a stack if it doesn’t belong on that stack. The rules are embedded in game’s software. Ultimately, that should be one of the goals for compliance. You want […]

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fullbright-findings

One in Two U.K. Companies Block Social Networking Web Sites

Fulbright & Jaworski, the international law firm, just published their 6th Annual Litigation Trends Survey Report. It is an independent survey of senior corporate counsel from a wide range of industry sectors. About half of the respondents (52% of U.K. and 46% of U.S.) claim to block employees from accessing social networking Web sites. Two […]

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