Harvard Corporate Governance

NOVEMBER 27, 2022

The vast majority of S&P 500 companies are now tying executive compensation to some form of ESG performance— growing from 66 percent in 2020 to 73 percent in 2021. In somecases, the rationale may be obvious, such as when a company includes compliance-related goals in the wake of a widespread compliance failure.

Compliance 351

Compliance Finance Equity Marketability 351

Harvard Corporate Governance

DECEMBER 8, 2022

Securities and Exchange Commission (SEC) released its enforcement results for the 2022 fiscal year (October 1, 2021 – September 30, 2022). increase over 2021. billion more than was collected in 2021. We expect compliance.” On November 15, 2022, the U.S. These numbers are still down substantially from pre-Covid years.

Compliance 189

Compliance 189

ThomsonReuters

FEBRUARY 15, 2021

For businesses and multinationals doing business in or with the UK, Brexit has created an avalanche of trade compliance complications. Toward that end, in May the UK announced its own new tariff regime —the UK Global Tariff (UKGT)—which applies to goods imported into the UK after January 1, 2021. A new tariff regime: The UKGT.

Compliance 105

Compliance Technology Start-ups 105

ThomsonReuters

FEBRUARY 10, 2022

DOL Fact Sheet: FY 2021 MHPAEA Enforcement; Appendix: MHPAEA Guidance Compendium. The DOL has issued a fact sheet summarizing 2021 mental health parity enforcement activity conducted by the DOL and the Centers for Medicare & Medicaid Services (CMS). Fact Sheet. Here are highlights: Investigation Process. Enforcement Actions.

Compliance 80

Compliance 80

Harvard Corporate Governance

AUGUST 14, 2022

Compare that to 47 companies that did the same in all of 2021, the highest number of such deals in more than a decade, according to Dealogic. On the flip side, public companies have found it less and less appealing to be public, with more stringent regulatory compliance and listing requirements.

Private Equity Firm 255

Private Equity Firm Compliance Equity Marketability 255

N Contracts

AUGUST 22, 2023

Wh en the DOJ announced its Combatting Redlining Initiative in October 2021, it was the department’s “most aggressive and coordinated” enforcement effort against financial institutions.

Compliance 97

Compliance 97

ThomsonReuters

MARCH 27, 2024

The amount of money that’s not being paid in taxes has almost doubled in recent years, from $39 billion in 2016 to $77 billion in 2021. To address this issue, the IRS is now taking steps to improve non-filer compliance. Holding non-filers accountable hasn’t been as highly prioritized in recent years.

Compliance 97

Compliance Data Analysis Technology 97

Harvard Corporate Governance

JUNE 11, 2022

We are focusing on items where the SEC seems to have ventured beyond what investors and other frameworks have called for, or where the SEC seems to have misjudged the challenges of compliance. We would urge the Commission to distinguish between types of commenters.

Compliance 243

Compliance 243

Harvard Corporate Governance

MAY 11, 2022

Relative to the Division’s 2021 priorities , which we wrote about here , the Division’s 2022 priorities clearly indicate that the Division is expanding its regulatory scrutiny of ESG-related investing, product development, product offerings and disclosures. In this post, we address the examinations related to ESG investing.

Compliance 243

Compliance Technology 243

Harvard Corporate Governance

JUNE 2, 2022

In our 2021 Annual Corporate Directors Survey, 47% of directors indicated that at least one of their peers should be replaced. Assessments can be used to determine if boards are using their time during meetings on the right topics and whether their agendas are balanced to include strategic, compliance and tactical topics.

Compliance 299

Compliance 299

ThomsonReuters

MAY 27, 2022

Importers need to be aware of the regulations in the Uyghur Forced Labor Prevention Act , which was signed into law in December 2021. While useful, these actions carry a heavy burden on supply chain staff, there’s an increased rate of error, and compliance costs as well as penalties for noncompliance are high.

Compliance 93

Compliance eCommerce Start-ups Technology 93

Harvard Corporate Governance

APRIL 23, 2022

identifies as gay, lesbian, bisexual, or transgender” by the end of 2021. Under AB 979, the California Secretary of State must report annually on companies’ compliance with the law and may impose fines of $100,000 for an initial violation and $300,000 for each subsequent violation.

Compliance 235

Compliance 235

Harvard Corporate Governance

OCTOBER 13, 2022

We identified 13 such proposals in the first half of 2022, compared to just four during all of 2021. The majority (53%) requested disclosure reports detailing strategies, use and trend metrics, compliance efforts and similar information about single use plastic and packaging materials.

Compliance 222

Compliance Finance 222

Harvard Corporate Governance

MAY 20, 2022

The SEC, for instance, has enhanced its enforcement capabilities in this area with the formation of a Climate and ESG Task Force in March 2021.

Data Analysis 235

Data Analysis Compliance 235

Harvard Corporate Governance

JUNE 29, 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. This post is based on their Morrison & Foerster memorandum. 22nd Century Group, Inc. ;

Compliance 222

Compliance Marketability 222

ThomsonReuters

MARCH 16, 2023

Below are highlights of both reports: Compliance Report. This report summarizes key HIPAA enforcement activities undertaken by OCR during 2021, including the number of complaints received and the method by which those complaints were resolved. OCR received 34,077 complaints in 2021—25% more than in 2020.

Compliance 59

Compliance 59

Harvard Corporate Governance

NOVEMBER 7, 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, which was an active one as the SEC Division of Enforcement closed out its fiscal year. This post is based on their Morrison & Foerster memorandum.

Compliance 229

Compliance 229

Harvard Corporate Governance

APRIL 26, 2022

According to Stanford University’s 2022 AI Index Report , private investment in AI in 2021 totaled approximately $93.5 billion—more than double the previous year. But balanced against this promise are significant business risks.

Compliance 231

Compliance Technology 231

ThomsonReuters

JUNE 30, 2022

CMS: 2021 Compliance Review Program Findings (May 2022); EFT and ERA: Payment Remittance Reassociation Basics (June 2022). The CMS National Standards Group (NSG) has issued a report summarizing updated findings from its administrative simplification compliance review program. Fact Sheet. Contributing Editors: EBIA Staff.

Compliance 52

Compliance 52

ThomsonReuters

MARCH 11, 2021

American Rescue Plan Act of 2021, H.R. ARPA establishes a 100% COBRA premium subsidy for certain assistance eligible individuals (AEIs) during the period beginning on April 1, 2021 (the first day of the first month beginning after the bill is signed by the President), and ending on September 30, 2021. Available at [link].

Compliance 135

Compliance 135

Harvard Corporate Governance

NOVEMBER 8, 2022

While 40% of directors were found to be ESG conscious with some level of knowledge in the space, only 8% of board directors were found to be competent and capable of effective, embodied action, according to a 2021 study of the top 100 public corporations internationally.

Banking 261

Banking Compliance 261

ThomsonReuters

MAY 10, 2022

have been reinstated through the passing of the Infrastructure Investment and Jobs Act signed into law on November 15, 2021. And finally, this situation is exacerbated by a lack of compliance process automation (i.e., Ensure end-to-end compliance. Who is affected by Superfund and what are their challenges? tcortright@kpmg.com ).

Compliance 98

Compliance Treasury Technology Finance 98

Audit Board

FEBRUARY 23, 2023

In the latest installment in our Spotlight on Success series, Brittany McKinley, Internal Audit Manager at Elevations Credit Union , shares how she leverages AuditBoard’s simple platform to take an agile approach to maintaining compliance with complex financial services regulations.

Compliance 52

Compliance 52

Audit Board

NOVEMBER 8, 2023

To meet the PCI DSS standards, companies need to understand their unique compliance requirements, their payment applications, payment processing workflows, and the system components and sensitive data that makes up their CDE. Nilson reported that payment card fraud cost a collective $32 billion internationally in 2021.

Compliance 52

Compliance Start-ups Banking Technology 52

Reynolds Holding

NOVEMBER 19, 2024

Since 2021, Gurbir and I frequently discussed, including at conferences like this one, that we would prioritize restoring investor trust and confidence in the financial markets by emphasizing robust enforcement that works to promote a culture of compliance among market participants. [1] After all, compliance has costs.

Compliance 45

Compliance Marketability 45

Harvard Corporate Governance

DECEMBER 3, 2022

When we first looked at ESG reporting for biotech companies in 2021, relatively few companies had reported any ESG data. Overall, 29, or approximately 60%, of the subject companies provided ESG disclosure on either platform in 2022, more than double the number providing ESG disclosure on either platform — 11, or approximately 22% — in 2021.

Compliance 211

Compliance 211

Harvard Corporate Governance

OCTOBER 15, 2022

2021-0494-SG (Del. (discussed on the Forum here ) by Holger Spamann. The Delaware Chancery Court’s recent opinion in Construction Industry Laborers Pension Fund et al. Bingle et al. ,

Technology 247

Technology Compliance 247

ThomsonReuters

APRIL 7, 2022

In 2021, the DOL withdrew regulations on determining whether a worker is an independent contractor for purposes of the Fair Labor Standards Act (FLSA) (see our Checkpoint article ). The withdrawal was effective May 6, 2021. Walsh, No. 1:21-cv-00130-MAC (E.D. For more information, see EBIA’s Health Care Reform manual at Sections XXI.E.3.a

Compliance 98

Compliance 98

Audit Board

JUNE 8, 2022

Internal audit and finance leaders need to modernize their SOX compliance approaches to mitigate costs and retain talent. The survey found that for companies that are beyond their second year of SOX compliance, average annual costs for SOX compliance went up 18% from 2021 to 2022.

Compliance 52

Compliance Finance Technology Marketability 52

Benchmark Report

APRIL 12, 2022

Real Regulatory is a consultancy firm specialising in European regulatory affairs, quality systems and compliance for products including medicines, medical devices, and drug device combinations. Benchmark International is pleased to announce the acquisition of Dublin-based Real Regulatory by private equity-backed tranScrip.

Private Equity Firm 98

Private Equity Firm Equity Compliance 98

ThomsonReuters

JULY 2, 2021

1, 2021, most recently with Norway, Iceland, and Liechtenstein. Until December 31, 2021, businesses do not need supplier declarations in place when goods are exported. Global trade automation and compliance tools. automate documentation for rules of origin compliance. manage import/export border compliance functions.

Compliance 98

Compliance Technology Start-ups 98

ThomsonReuters

APRIL 1, 2021

2021 WL 964219 (M.D. For more information, see EBIA’s COBRA manual at Section XXV.H (“Procedural Issues in COBRA Lawsuits Under ERISA”), and EBIA’s ERISA Compliance manual at Section XXXIV.J.2 Compliance Steps to Take Immediately ” (live on 4/7/2021). Starbucks Corp., Contributing Editors: EBIA Staff.

Compliance 98

Compliance 98

ThomsonReuters

FEBRUARY 10, 2022

Intended to satisfy the new CAA annual reporting requirement as well as the existing DOL biennial reporting requirement about general MHPAEA compliance, the 2022 report highlights the agencies’ MHPAEA resources and enforcement efforts and details the struggles to interpret, implement, and enforce the NQTL comparative analysis requirement.

Compliance 98

Compliance Equity 98

Trout CPA

NOVEMBER 17, 2022

From March 2021 until April 2022, the federal government kept its interest rate low, floating close to 0%. Written by Michael Carr, CPA. We are in a period of rising interest rates. However, since April 2022, the federal government has steadily increased its interest rate to 3%, with an anticipated increase to 4.25 – 4.5% by the end of 2022.

Compliance 52

Compliance 52

Reynolds Holding

OCTOBER 24, 2023

We need to work together to create what I call a culture of proactive compliance. In many ways, it’s each of you – the compliance professionals, consultants, attorneys, accountants, and others in this space – that serve as the first lines of defense against misconduct. [4] We need your help to do so. This is by no means easy work.

Compliance 40

Compliance Accounting Firms Start-ups Marketability 40

N Contracts

DECEMBER 14, 2022

14, 2022 – Ncontracts , the leading provider of integrated compliance and risk management solutions to the financial industry, is pleased to announce the promotion of Cathy Guthrie to Chief Human Resource Officer. Guthrie has served as the EVP of Human Resources at Ncontracts since 2021. BRENTWOOD, Tenn.,

Compliance 75

Compliance 75

Harvard Corporate Governance

NOVEMBER 22, 2022

Furthermore, in August 2021, NASDAQ accepted a “comply or explain” Board Diversity Rule.

Start-ups 260

Start-ups Finance Compliance 260