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May 10, 2006  
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Headlines: ...more Headlines

April 25, 2006

New Study Compares U.S. and European Corporate Privacy Practices  ...full story
Recommended reading from the Newsstand:

May 10, 2006

via OpEd News

Washington DC Attorney, Jason Zuckerman, says a positive result of the recent corporate scandals is the recognition of the value of whistleblowers in exposing fraud, corruption, and other wrongdoing within a company.  ...full story

April 28, 2006

via Law.com

Arbitration confirmed despite security concerns.

 ...full story

April 28, 2006

via CFO.com

The Securities and Exchange Commission has approved Public Company Accounting Oversight Board rules on independence, tax services, and contingent fees, some of which became effective on April 29.  ...full story

April 24, 2006

via LA Times

SEC advisors seek to ease rules for smaller firms. Sarbanes-Oxley critics are speaking up.

 ...full story

April 19, 2006

via WebCPA

An independent report, backed by data from Big Four clients, shows that corporate auditing costs for Sarbanes-Oxley 404 compliance dropped significantly in 2005.  ...full story

April 13, 2006

via Financial Times

Alan Greenspan, former chairman of the US Federal Reserve, predicted yesterday the US would make "changes" to the burdensome financial and corporate governance requirements driving companies out of US markets.  ...full story

April 8, 2006

via Houston Chronicle

A federal labor board, weighing a closely watched test case of the nation's new law to protect corporate whistle-blowers, has upheld an order to a tiny Virginia bank to reinstate a fired executive, while giving the company a chance to appeal.

 ...full story

April 6, 2006

via Bloomberg

Merck & Co.'s former Chief Executive Officer Raymond Gilmartin will testify today to a jury weighing punitive damages after awarding $4.5 million to a 77-year-old man who blamed the company's painkiller Vioxx for his heart attack.

 ...full story

April 4, 2006

via Forbes

It scuttles acquisition deals, damages companies' reputations and costs millions of dollars in fines and legal fees. What is it? Bribery of foreign officials. And while the crime isn't new, the level of enforcement is.  ...full story

March 31, 2006

via Columbia Daily Tribune

Attorney general raises environmental question.

 ...full story

March 30, 2006

via Macleans

American lawmakers have decided that keeping Wall Street on a short leash wasn't such a hot idea after all.  ...full story

March 28, 2006

via Inc.com

Some businesses that once feared whistleblowers are now giving workers new ways to report wrongdoing.  ...full story

March 25, 2006

via Charlotte Observer

As Duke Energy Corp. and Cinergy Corp. cleared their final hurdle to a merger Friday, 28 Cinergy executives stepped that much closer to $143 million in payouts.

 ...full story

March 23, 2006

via Washington Post

Sen. Paul Sarbanes on Thursday defended the benefits of his eponymous corporate reform law against critics who are trying to roll back some of the regulations they say were hurried overreactions to corporate scandals.

 ...full story

March 22, 2006

via CNNMoney

Sarbanes-Oxley opponents are gaining steam just a few years after corporate scandals rocked Wall Street. Is corporate America already forgetting Enron's lessons?
 ...full story

March 19, 2006

via MSNBC

New rules proposed by the Securities and Exchange Commission are designed to make stockholders better informed about executive compensation, but the biggest impact of the rules may be to deflate golden parachutes.

 ...full story

March 15, 2006

via MSNBC

Former manager, accountant testify Lay, Skilling ignored their warnings

 ...full story

March 15, 2006

via Toronto Star

Sherron Watkins, the former Enron vice-president who warned higher-ups the company was a house of cards ready to fall, testified Wednesday she discussed her concerns with company founder Kenneth Lay only to learn months later that her job was threatened for speaking up.
 ...full story

March 13, 2006

via Red Herring

The SEC is pressured to lighten up, already.

 ...full story

March 10, 2006

via Reuters

Canada's public companies will have to tell investors how effective their internal controls over financial reporting are under stringent new rules proposed on Friday by securities regulators.

 ...full story

March 8, 2006

via CFO.com

The new amendments will enable prosecutors to use electronic surveillance of executives suspected to be involved in such misdeeds as price fixing and bid rigging. Intellectual property could also be at risk.  ...full story

March 7, 2006

via CBS News

The House voted Tuesday to strengthen laws targeting counterfeit goods, aiming at products that drain billions of dollars from U.S. manufacturers and could harm consumers.  ...full story

March 7, 2006

via Corp Watch

Rhode Island-based defense contractors Custer Battles were "war profiteers" and "war whores" who filed phony claims for some of the millions of dollars they made in Iraq, an attorney for two whistleblowers told a federal jury during final arguments in a civil lawsuit Tuesday.

 ...full story

March 3, 2006

via International Herald Tribune

North American companies expect to spend $27.3 billion on regulatory compliance this year, with less than a quarter of that total attributable to the U.S. Sarbanes-Oxley corporate governance law, according to a survey released Thursday.

 
 ...full story

March 3, 2006

via CFO.com

Companies that have adopted majority-voting policies or bylaws are still in the minority, but that's changing rapidly, mounting evidence suggests.
 ...full story

March 2, 2006

via MSN Money

English may have been good enough for Shakespeare, but in linguistically defensive France, it is just not up to snuff -- even for corporate memos and instruction manuals.  ...full story

March 2, 2006

via Image and Data Manager

US financial services giant, Morgan Stanley is fined US$15-million (AU$20-million) this month for failing to manage its emails.  ...full story

March 2, 2006

via Forbes

There's an economic war being waged among U.S. states. They're fiercely trying to undercut each other in the game of promising big companies tax breaks if they set up shop or expand within their borders. Armies of lobbyists have jumped in to help powerful firms get a piece of the corporate welfare. And as a result, billions are being siphoned from state coffers.

 ...full story

March 1, 2006

via Consultant News

BearingPoint has named Laurent Lutz General Counsel and Secretary. Lutz joins BearingPoint from Accenture, where, as Associate General Counsel, he was responsible for all legal matters relating to Accenture’s SEC compliance, corporate and finance activities.  ...full story

March 1, 2006

via Times

Fraud investigations and new rules enforced by the American Government cost Wall Street firms $25 billion (£14 billion) last year, almost double the regulatory fees that they paid before the recent crackdown on corporate crime.  ...full story

March 1, 2006

via Boston Herald

The anti-corruption Sarbanes-Oxley law is stunting innovation and growth among smaller Masschusetts high-tech and biotech firms, according to a new report that recommends the feds reduce the red tape burdening companies.  ...full story

February 28, 2006

via Houston Chronicle

Corporate governance reform is dead. Its last gasp was stifled by the subpoenas issued last month by the Securities and Exchange Commission against several news organizations and writers.

 ...full story

February 28, 2006

via Pioneer Press

Analysts attribute the increase in deals in part to heightened activism among investors such as hedge funds that are pushing companies to sell off unprofitable business units. Another factor is the long-held belief that buying a competitor is the fastest way to expand a company.  ...full story

February 27, 2006

via The New York Times

The Army has decided to reimburse a Halliburton subsidiary for nearly all of its disputed costs on a $2.41 billion no-bid contract to deliver fuel and repair oil equipment in Iraq, even though the Pentagon's own auditors had identified more than $250 million in charges as potentially excessive or unjustified.

 ...full story

February 27, 2006

via Canadian Business

There's an old joke that goes something like this: How many lawyers does it take to screw in a light bulb? Answer: None. Lawyers only screw us. Rightly or wrongly, the prevailing attitude in the corporate world seems to be that when it comes to deal-making or legal compliance, lawyers are a necessary evil.

 ...full story

February 20, 2006

via Sign On San Diego

A Securities and Exchange Commission advisory panel is expected to move forward Tuesday in urging the agency to drop a key part of the Sarbanes-Oxley corporate reform law to ease the reporting burden for small companies.

 ...full story

February 10, 2006

via Miami Herald

At the opening of the Enron trial, federal prosecutor John C. Hueston declared: ''It is about lies and choices.'' For lawyers, however, the call to account for corporate wrongdoing sounded in Enron is not about lies; it is about choices. The choices arise in counseling corporate executives to make hard business judgments.

 ...full story

February 9, 2006

via Charlotte Observer

Was Mark Livingston trying to blow the whistle on suspect corporate behavior, and protect his company's shareholders? Or was he making trouble?

 ...full story

January 31, 2006

via The Seattle Times

At Boeing's annual leadership retreat earlier this month, the company's top lawyer delivered a devastating worst-case assessment of the potential damage that still looms from the company's recent ethics scandals.

 

 ...full story

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