With Papa John founder, former CEO and (now) former Chairman of the Board channeling his inner Donald Trump in saying he really didn’t mean to resign, it is time to take a look at some of the top compliance stories from the past week.
1. John Schnatter, founder, former PapaJohn Chairman and former CEO now says he really didn’t mean to resign from Board after using racial slur in con call with vendor. He goes on to claim the vendor involved See more +
With Papa John founder, former CEO and (now) former Chairman of the Board channeling his inner Donald Trump in saying he really didn’t mean to resign, it is time to take a look at some of the top compliance stories from the past week.
1. John Schnatter, founder, former PapaJohn Chairman and former CEO now says he really didn’t mean to resign from Board after using racial slur in con call with vendor. He goes on to claim the vendor involved attempted to extort the company, for his use of racial slur and finally he won’t ‘go quietly’ into the night and leave the company.
2. Former Energy XXI founder and CEO hit up vendors for personal loans and sold a Board seat for another loan. Company said he had ‘broken no laws’ but SEC disagrees, fines him and bans him from public companies for five years.
3. Another former PdVSA official pleads guilty to money laundering. How much, if any, does the Justice Department have to disclose about monitorship through a FOIA request.
4. Hui Chen, says we need more data pioneers in complaince.
5. Does a contract procured through corruption invalidate the parties rights under it? Petrobras claims so in Houston case but loses. Brazilian prosecutors then indicts CEO of US company, after DOJ issues declination. What does it all mean?
6. The largest vendor in the compliance space, Navex is sold to BC Partners, a London based Private Equity company.
7. Should the DOJ encourage whistleblowing in bid-rigging cases? Bob Connolly opines yes.
8. Bill Waite pens a two-part blog providing his refections on compliance during for the 10 year anniversary of the FCPA Blog. In Part I he considers how corruption changed the world. In Part II he says there is still work to be done.
9. EU regulators slam Google with $5bn fine for anti-competitive acts. It is not if but when will US retaliate?
10. Tom has 5 part podcast series with Caterina Bullgarella on her SAI Global White Paper, Predicting Risk: A Strategic Culture Framework for the C-Suite.
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