Harvard Corporate Governance

JANUARY 16, 2024

Corporate compliance is at an inflection point, putting pressure on companies to reinforce their compliance programs more than ever before. Corporate policies serve as a blueprint for company-wide compliance programs, implementing compliance efforts into companies’ daily operations.

Compliance 173

Compliance 173

Harvard Corporate Governance

APRIL 12, 2025

This report analyzes the major US and international ESG disclosure regulations on corporate radars in 2025 and shares practical recommendations for governance and compliance. more…)

Compliance 189

Compliance 189

Harvard Corporate Governance

JULY 25, 2023

Posted by Darryl Lew (White & Case LLP), Courtney Hague Andrews (White & Case LLP) and Joshua W. Rusenko (KPMG LLP), on Tuesday, July 25, 2023 Editor's Note: Darryl Lew and Courtney Hague Andrews are Partners at White & Case LLP and Joshua W. Rusenko is an Attorney at KPMG LLP.

Compliance 200

Compliance 200

Mckinsey and Company

MARCH 1, 2024

In the next five years, generative AI could fundamentally change financial institutions’ risk management by automating, accelerating, and enhancing everything from compliance to climate risk control.

Compliance 145

Compliance Banking 145

Harvard Corporate Governance

OCTOBER 7, 2024

Department of Justice (DOJ) updated its Evaluation of Corporate Compliance Programs (ECCP) guidance. First published in 2017, the ECCP sets out factors that DOJ Criminal Division prosecutors will consider when evaluating the compliance program of a company facing a criminal enforcement action. On September 23, 2024, the U.S.

Compliance 124

Compliance Technology 124

N Contracts

OCTOBER 1, 2024

Compliance officers identify and analyze the laws and rules a financial institution must observe and prevent consumer harm. This role sometimes puts compliance officers in one corner and the business units responsible for opening accounts or offering products and services in another.

Compliance 102

Compliance 102

Harvard Corporate Governance

SEPTEMBER 8, 2024

The scope of their responsibilities continues to expand beyond the traditional remit of financial reporting and internal controls, internal and external audit, and ethics and compliance programs. more…)

Compliance 298

Compliance Finance 298

Harvard Corporate Governance

SEPTEMBER 18, 2024

Proposals to delay compliance deadlines in California’s three landmark climate-related disclosure laws failed to pass during the recently concluded legislative session, while a modest set of changes to S.B. Zilberberg, Davis Polk & Wardwell LLP, on Wednesday, September 18, 2024 Editor's Note: David A.

Compliance 124

Compliance 124

Harvard Corporate Governance

NOVEMBER 18, 2022

Posted by Hester M. Peirce, U.S. Securities and Exchange Commission, on Friday, November 18, 2022 Editor's Note: Hester M. Peirce is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent remarks.

Compliance 183

Compliance 183

Harvard Corporate Governance

OCTOBER 9, 2022

Delaware courts have become more willing to allow stockholders to pursue claims that directors breached their duty to oversee risk management and compliance. Boards need to ensure that they are devoting enough attention to risks and compliance and carefully document their oversight efforts. more…).

Compliance 247

Compliance 247

Appraisers Blog

FEBRUARY 25, 2025

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Appraisers Blog

FEBRUARY 25, 2025

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Harvard Corporate Governance

JUNE 6, 2022

Posted by Cynthia Dow, Harsonal Sachar, and Leah Christianson, Russell Reynolds Associates, on Monday, June 6, 2022 Editor's Note: Cynthia Dow leads Russell Reynolds Associates’ Legal, Risk & Compliance Officers capability; Harsonal Sachar leads Knowledge for Russell Reynolds Associates’ Legal, Risk & Compliance Officers and Human Resources (..)

Compliance 310

Compliance 310

Harvard Corporate Governance

DECEMBER 14, 2023

ASARCO was required to spend an estimated $150 million to come into compliance with regulations that ASARCO had been in violation of since 2005. In 2015, the Environmental Protection Agency entered a settlement with ASARCO LLC for violations of the Clean Air Act at a copper smelting plant in Hayden, Arizona.

Compliance 278

Compliance 278

Harvard Corporate Governance

FEBRUARY 18, 2025

Today, the Staff in the Division of Corporation Finance at the Securities and Exchange Commission published one new and one revised Compliance and Disclosure Interpretation (C&DI) under Regulation 13D-G. Rodgin Cohen , Robert W. Downes , and Eric M.

Corporate Finance 113

Corporate Finance Compliance Finance 113

Harvard Corporate Governance

OCTOBER 7, 2023

Artificial intelligence (AI) has the capacity to disrupt entire industries, with implications for corporate strategy and risk, stakeholder relationships, and compliance that require the attention of the board of directors. The implications for compliance with legal, regulatory, and ethical obligations. more…)

Compliance 255

Compliance Technology 255

N Contracts

FEBRUARY 4, 2025

February 4, 2025 -- Ncontracts , the leading provider of integrated compliance, risk, and third-party management solutions to the financial services industry, realized record growth last year amid increasing demand for its risk and compliance management software. BRENTWOOD, Tenn.,

Compliance 85

Compliance 85

Harvard Corporate Governance

JULY 22, 2022

1] Thus, the board’s fiduciary duties require that it exercise oversight—within its informed, good faith discretion—of the company’s strategy and “mission-critical” risks in pursuit of long-term value, including by implementing and monitoring an effective compliance program and related system of controls. [2].

Compliance 275

Compliance Equity 275

Harvard Corporate Governance

AUGUST 24, 2022

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources. SEC Holds Chief Compliance Officer (CCO) Liable for Failing to Implement Policies and Procedures.

Data Analysis 239

Data Analysis Compliance 239

Harvard Corporate Governance

SEPTEMBER 2, 2023

As companies continue to explore and invest in AI, they also are tasked with considering numerous business implications, such as ethics, compliance, and regulatory processes; risks (e.g., operational and reputational) and risk appetite; equity; governance; and the role of the board.

Technology 331

Technology Compliance Equity 331

Harvard Corporate Governance

JANUARY 17, 2023

GSAM), including a penalty in the amount of $4 million, in which the SEC alleged that GSAM initially failed to adopt procedures to ensure compliance with certain ESG claims made to GSAM clients/investors and then, once adopted, failed to follow such procedures. Like the BNY Mellon ESG order, which was settled last May for $1.5

Compliance 238

Compliance 238

Harvard Corporate Governance

NOVEMBER 4, 2023

See Compliance and Disclosure Interpretation (C&DI) 121H.01 01 clarifies that compliance with the required disclosures, including the exhibit filing, is not expected until December 1, 2023, when the recovery policy becomes mandatory under the listing standards. 01 (emphasis added). We believe the guidance in C&DI 121H.01

Compliance 273

Compliance 273

Harvard Corporate Governance

NOVEMBER 6, 2022

Companies listed on the Nasdaq Global Select Market or Nasdaq Global Market tiers that are unable to comply with the initial 180-day compliance period may transfer to the Nasdaq Capital Market to take advantage of the additional 180-day compliance period offered by that tier. more…).

Compliance 325

Compliance Marketability 325

Harvard Corporate Governance

FEBRUARY 4, 2024

Data analytics technology has now matured to a point where companies should consider how to harness it for enhancing compliance around their corporate financial and sustainability disclosures. Danilack, Frances Waldmann , Chris Rosina , and Samantha Yi. more…)

Compliance 219

Compliance Technology 219

Harvard Corporate Governance

OCTOBER 1, 2022

Empowering Corporate Compliance Functions in a Post-Pandemic Environment. Tags: compliance , Corporate crime , Market conditions , Mergers & acquisitions. Battle for Our Souls: A Psychological Justification for Corporate and Individual Liability for Organizational Misconduct. Posted by Erin Brown Jones, Christopher D.

Compliance 220

Compliance Marketability 220

Harvard Corporate Governance

OCTOBER 14, 2022

DOJ Revamps Corporate Criminal Enforcement Policies with Continued Emphasis on Compliance. Tags: Climate change , compliance , Disclosure , ESG , Risk assessment , SEC , Shareholder power , Stakeholders. Posted by Justin P. Murphy, Sarah E. Walters, and Edward B. Diskant, McDermott Will & Emery LLP, on Friday, October 7, 2022.

Compliance 226

Compliance Equity Technology 226

Harvard Corporate Governance

SEPTEMBER 26, 2023

With the benefit of a half-year of hindsight, it is worthwhile to confirm the compliance and risk-related lessons arising from the two recent. This post is part of the Delaware law series ; links to other posts in the series are available here. Delaware decisions addressing the McDonald’s workforce culture controversy. [1] more…)

Compliance 211

Compliance 211

N Contracts

OCTOBER 22, 2024

Imagine a mortgage lender who works closely with a real estate agent. The agent sends a lot of business the mortgage lender’s way because they do a great job taking care of the agent’s clients. When the holidays roll around, the mortgage lender gives the real estate agent a gift card as a thank you for the referrals.

Compliance 98

Compliance 98

Harvard Corporate Governance

NOVEMBER 16, 2022

Welcome to the Compliance Outreach Program of the Securities and Exchange Commission’s Investment Adviser/Investment Company National Seminar. Compliance. As chief compliance officers, I think that you all seek to be considered as “good counsellors.”. Good morning.

Compliance 183

Compliance Finance 183

Harvard Corporate Governance

MAY 5, 2024

By incentivizing individuals in this way, the program also intends to encourage companies to implement compliance programs that will enable them to prevent, detect, remediate and report misconduct.

Compliance 229

Compliance 229

Harvard Corporate Governance

MAY 28, 2023

For the new event-based reporting requirements, the effective/compliance date is six months after the date of publication in the Federal Register.

Equity 229

Equity Compliance 229

Harvard Corporate Governance

NOVEMBER 24, 2022

Remarks by Commissioner Peirce before FINRA’s Certified Regulatory and Compliance Professional Dinner. Tags: board diversity , Board of Directors , Compliance & ethics , Manager characteristics , Managmenet , Stakeholders. Posted by Hester M. Peirce, U.S. Securities and Exchange Commission, on Friday, November 18, 2022.

Compliance 235

Compliance 235

Harvard Corporate Governance

DECEMBER 3, 2023

Opportunities remain to better align external risk reporting with internal risk management and reporting processes, improve the readability and categorization of risks, and make disclosures less generic.

Enterprise Value 334

Enterprise Value Market Risk Technology Compliance 334

Harvard Corporate Governance

SEPTEMBER 24, 2023

The Mandatory Audits provision for private funds and the Written Annual Review requirement to document annual compliance reviews under Rule 206(4)-7. The New Rules also add books and records requirements to document compliance. Requirements for advisers when undertaking Adviser-Led Secondaries. more…)

Compliance 214

Compliance 214

Harvard Corporate Governance

JULY 9, 2022

As we wrote in Harvard Business Review in 2020, “Reviewing financial statements, audit activities, and compliance activities are the responsibility of the board, not the mission of the board. The most successful boards not only know this, but they craft their work and interactions to reflect it.” [1]

Compliance 328

Compliance 328

Harvard Corporate Governance

MAY 8, 2023

Consistent with the “comply-or-explain” expectations established by the Principles, we encourage companies to proactively disclose their level of compliance with the Principles.

Capital Structure 246

Capital Structure Compliance Marketability 246

Harvard Corporate Governance

NOVEMBER 8, 2023

Compliance with the revised Schedule 13G filing deadlines will be required beginning September 30, 2024, and compliance with the structured data requirements for Schedule 13D and 13G will be required beginning December 18, 2024. more…)

Compliance 214

Compliance Equity Marketability 214