compliance
October 30, 2018 Occasional Contributors Accounting Systems and Controls, Business and Legal Issues, Corporate Governance, Finance and Accounting, Sales, Marketing and Operations,
On October 1, 2018, the Delaware Court of Chancery released its decision in Akorn, Inc. v. Fresenius Kabi AG, finding for the first time that a buyer had properly terminated a public company merger agreement based on the occurrence of a “material adverse effect” (sometimes also referred to as a “material adverse change,” “MAC” or “MAE”).
compliance, data integrity, material adverse change, merger agreement
May 30, 2018 Norman D. Marks, CPA, CRMA Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Leadership and Management, Sales, Marketing and Operations,
GRC is “the integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity”. A new Guide from OCEG, A Practical Guide About GRC Metrics and Measurement, says, a major part of GRC is about “break[ing] down silos between governance, strategy, performance management, risk management, compliance management, internal audit and other departments”.
compliance, GRC, GRC guidance from OCEG, internal auditing, metrics and measurement, risk
May 28, 2018 Ethics &Compliance Matters ™, Navex Global ® Business and Legal Issues, Corporate Administration, Corporate Governance, Leadership and Management, Sales, Marketing and Operations,
Just as a brand isn’t what the company says about itself, but what other people say about the company, employee behavior is the final expression of your E&C marketing program’s success.
compliance, corporate culture, culture of ethics, ethics, ethics and compliance, internal compliance, marketing, training and communications program
April 16, 2018 Ethics &Compliance Matters ™, Navex Global ® Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Financial Compliance / Planning / Management, Fraud and Corruption, Leadership and Management, Privacy Compliance and Management,
To be wildly effective, compliance officers should have a positive working relationship with the other functions in the business, especially Legal, Audit and Human Resources.
beyond compliance, compliance, compliance strategy, corporate strategy, wildly effective compliance officers
November 27, 2017 Ethics &Compliance Matters ™, Navex Global ® Accounting Systems and Controls, Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Systems and Data Management
Investment decisions are strategic. They are based on a business case and cost/benefit analysis. Expense decisions are more tactical, and are often associated with things an organization must do to keep running – like meet a regulatory requirement so they can check the box.
compliance, compliance culture, cyber security, data protection, healthy workplace culture, risk assessment, strategic compliance
August 28, 2017 Ethics &Compliance Matters ™, Navex Global ® Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Leadership and Management, Payroll and Personnel Management, Sales, Marketing and Operations
Having too many policies can burden your organization, but having too few exposes it to unnecessary risk. That means we need to prioritize which policies we will develop (or revise) first.
company culture, company values, compliance, Health and Safety, operations, Policies, policy development, regulatory obligations, risk and liability
July 24, 2017 Ethics &Compliance Matters ™, Navex Global ® Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, E-Commerce, Finance and Accounting, Financial Compliance / Planning / Management, Intellectual Property, IP, IT, Privacy and Security, Privacy Compliance and Management, Sales, Marketing and Operations, Social Media/Social Networking
I recently read an article in the Winter 2017 MIT Sloan Management Review, Mastering the Market Intelligence Challenge (Chari, Luce & Thukral). In this work, the authors address how “many multinationals simply import their domestic models into emerging markets.” And whilst this work is directed towards those who deal with market intelligence in emerging markets, the conclusions drawn are equally applicable to those who face compliance challenges in such frontier regions.
business risks, compliance, due diligence, economy, emerging markets, market intelligence, marketing, risk, risk intelligence, risk management, strategic assets
June 19, 2017 Ethics &Compliance Matters ™, Navex Global ® Business and Legal Issues, Corporate Administration, Corporate Administration and Legal Matters, Corporate Governance, Leadership and Management, Not for Profit, Volunteers and Employee Relations
All of these tips seek to offer ways to make policies and procedures better, but the most important tip is that policies and procedures should not be managed in a vacuum. They are an important element of an effective compliance program without regard to what compliance guidance your organization follows. Ignoring policies can negatively impact compliance conduct, training, monitoring and auditing, investigations – and most importantly and ultimately – the reputation of an organization.
compliance, Foreign Corrupt Practices Act, harassment claims, harassment policy, Policies, policies and procedures, policy management systems, policy statement
September 2, 2014 Jeffrey Sherman Anti-spam, Do-not-Call, Business and Legal Issues, Corporate Administration, Corporate Governance, E-Commerce, IT, Privacy and Security, Privacy Compliance and Management, Sales, Marketing and Operations, Social Media/Social Networking, Systems and Data Management
It should be clear that managing your anti-spam obligations will mean modifying your information technology processes. The CRTC has created comprehensive anti-spam guidelines that demonstrate some of the ways IT will be involved…
anti-spam, auditing, Canada anti-spam legislation, Canadian Radio-television and Telecommunications Commission, CASL, commercial electronic message, complaint-handling, compliance, corrective action, CRTC, CRTC guidelines, Information Technology PolicyPro, ITPP, monitoring, policies and procedures, record keeping, risk assessment, senior management, social media, training, written policy
November 18, 2013 Adam Gorley Corporate Governance, IT, Privacy and Security, Not for Profit
Starting November 30, 2013, British Columbia’s government will waive the $20 criminal record check fee for not-for-profit organizations that participate in a program that also offers free expert advice. Under BC law, employers in the volunteer and not-for-profit sector must obtain criminal record checks for job and volunteer candidates if they will work with children or vulnerable adults. The province’s criminal record check program aims to alleviate the financial burden associated with the law.
background check, BC, BC Criminal Records Review Act, Bill 11, British Columbia, compliance, criminal record check fee, criminal record check verification, criminal record checks, Criminal Records Review Act, Criminal Records Review Amendment Act, employee criminal record checks, employment background checks, employment law, employment-related record checks, job applicant, job candidate, police checks, police record checks, portable criminal record check, portable record check, redundant check, risk assessment, volunteer, volunteer candidate, vulnerable adults, vulnerable sector, working with children, working with vulnerable persons
November 4, 2013 Jeffrey Sherman Corporate Governance, IT, Privacy and Security, Sales, Marketing and Operations
One of the key elements needed to ensure accountability is reporting the right statistics and metrics. Each user department is responsible for ensuring that its information technology needs are addressed, and the IT department is responsible for providing overall cost-effectiveness, quality and coordination. The IT department can play its role by ensuring that IT metrics are captured and disseminated. User departments and the IT department must both be involved; neither may be permitted to abdicate its responsibilities.
benefits delivery, COBIT 5, compliance, data capacity, estimating resource requirements, future functional requirements, governance framework, implementation, Information Technology PolicyPro, IT accountability, IT compliance, IT controls, IT department, IT governance, IT infrastructure, IT measurement, IT planning, IT priorities, IT strategy, ITPP, managing relationships, metrics, needs evaluations, network capacity, planning cycle, planning process, priorities, processing requirements, processor memory, resource capacity, resource optimization, resource usage, risk optimization, statistics, systems requirements, technical support, upgrading IT infrastructure, user support
October 7, 2013 Jeffrey Sherman Corporate Governance, Finance and Accounting, IT, Privacy and Security, Not for Profit
In Canada, employees have the right to access information in their personnel and payroll files, provided that it does not interfere with another employee’s privacy rights.
access to information, accountability, accuracy, challenging compliance, compliance, consent, destroying information, disclosure and retention, employee access to information, Employee records, employment law, Employment records, HR Law, identifying purpose, individual access, limited collection, limited use, openness, Payroll, payroll information, Personal Information Protection and Electronics Documents Act, PIPEDA, policy, privacy practices, privacy principles, privacy rights, private sector privacy legislation, safeguards, substantially similar legislation
August 26, 2013 Adam Gorley Corporate Governance, Environmental Issues, Sales, Marketing and Operations
A series of explosions at Sunrise Propane’s north Toronto operation in 2010 resulted in the deaths of an employee and a firefighter, forced thousands of nearby residents from their homes and caused millions of dollars in damage. In the aftermath, the company failed to comply with various provincial officer’s orders under the EPA, and at trial the Ontario Court of Justice found the company failed to properly train the employee who died and failed to take reasonable precautions to prevent the explosions under the Occupational Health and Safety Act…
compliance, directors' liability, due diligence, due diligence defence, emergency response, Environmental Protection Act, EPA, failure to provide appropriate training, foreseeability, gas leak, liability of directors of the corporation, Ministry of the Environment, mistaken legal advice, north Toronto, Occupational Health and Safety Act, OHSA, propane, propane explosion, propane filling plant, provincial officer's order, regulatory requirements, sentencing, Sunrise Propane, Technical Standards and Safety Authority, TSSA
July 3, 2013 Jeffrey Sherman Corporate Governance, Finance and Accounting, IT, Privacy and Security, Not for Profit, Sales, Marketing and Operations
There are hundreds of thousands of federal, provincial and municipal statutes and regulations. Laws and regulations exist for virtually every aspect of an organization’s operations—incorporation, employment, safety, environmental, contracts, intellectual property, privacy and so forth. Organizations of all sizes need to be aware of their legal environment and regulations and laws that affect them…
board liability, charity law, charity registration, compliance, crisis management, gifting scheme, government websites, How can I identify legal risks?, industry association, insurance, intellectual property, legal requirements, legal risk, legal risk management, liability, multiple corporations, regulations, risk management, tax avoidance
April 29, 2013 Adam Gorley Corporate Governance, Finance and Accounting
When I think about taxes—as one can’t help around this time of year—I find it nearly impossible not to think about the trouble our representatives put us through—not only in tax season, but throughout the year. Except for a few lucky individuals, taxes are confusing; if they weren’t, we wouldn’t need a massive (and growing) class of citizens to explain them to us—or to simply take them out of our hands. And when politicians say they want to make taxes simpler or less burdensome—and they often do say these things—they almost always want to add some tax measure or another (i.e., complicate matters) rather than take any away (i.e., simplify).
bureaucracy, business number, Canada Revenue Agency, compliance, CRA, federal business number, G-7, Goods and Services Tax, GST, harmonized sales tax, HST, My Business Account, red tape, red tape reduction, small business, Streamlined Accounting, Streamlined Accounting Thresholds, tax compliance, tax season, Taxes
