The results of The State of Compliance: 2011, an inaugural study conducted by PwC US and Compliance Week, will be released today at the Compliance Week 2011 6th Annual Conference for corporate financial, legal, risk, audit and compliance officers in Washington, D.C. The report – the first of its kind – identifies a wide range of compliance issues confronting organizations today and will stay current as new companies participate, accurately reflecting the changing compliance landscape.
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Carol Baldwin-Moody of Wilmington Trust describes the challenges that are present in her line of work as senior vice president and chief risk officer. There is a strong legal backing to every major issue in today’s society. Baldwin-Moody has come across several scenarios that aren’t covered by the dated constitutional law in effect today. In past years, a risk officer was thought to be a management concept that would be useful, but not worth the investment. Lately, a risk officer career has become an indispensible resource in the corporate world.
The law plays an important role in every aspect of our lives. Even something that seems simple, like the ability to send a text message and donate money to a charitable organization, requires contract law to come into play. If a career as a compliance officer is of interest to you, an online legal studies degree from Kaplan University could be the first step in working toward that goal.* A legal studies degree allows students the unique opportunity to grow into a field that is constantly changing and evolving.
*Kaplan University's programs are designed to prepare graduates to pursue employment in their field of study, or in related fields. However, the University does not guarantee that graduates will be placed in any particular job, eligible for job advancement opportunities, or employed at all. Additional training or certification may be required.
“Social media, the first amendment, privacy; the law is so far behind in that trend. Blogs and all of that, that is a constant challenge for me today because everybody wants to talk the way they want to talk and in my job, I’m required to actually surveil peoples’ e-mails; I’m required by law. I look for certain words; well, that was ok when people used words. Now when they use ‘r u,’ I can’t surveil that. The privacy issue with kids and MySpace, that whole area of law, think about it; constitutional law was what we learned. There’s nothing in constitutional law that we learned 30 years ago, so if you’re into that, there’s going to be a lot of time. We need that because it’s evolutionary.
Globalization—if you think about what happened in the financial markets, the meltdown, it’s because there’s so much connection and therefore there are a lot of things going on in that arena where every country’s financial rules, they’re looking at them and comparing them. That’s another area- comparative law. Comparative law when it comes to the environment and financial services; those are two big things.
Health—the whole health debate; you may be thinking just about the politics but there’s a lot of law behind that. HIPA, all those rights, and think about the things they’re talking about from a political perspective—there’s a lot of law behind that.
Those are just three areas that are not only specific in terms of thinking outside of the box, but they actually go back to a lot of the fundamentals that are part of the law. Those are just three; that social media one, I don’t even want to tackle that one; I’m assigning that to my kids. Just think about it—it’s out there before anything has been screened. You think about the things that go on—it’s called the social media. There used to be the 6 o’clock news; there’s the 24 hour news, there’s the instant news now.
I think some of it’s great, I think some of the positive things about the technology, I just learned this, the fact that you could text five digits on your phone and the money was in Haiti instantly. But, a lot of people don’t realize how much legal work was behind the contractual agreement between the phone companies. There was a lot of legal work that was done in order for that to happen but yet young people, my daughter was one of them, it’s like, ‘ok mom,’ and then I start thinking; well I know what really happened. They had to get into a contract about that, but those are the kinds of things that at the end you see the result is phenomenal. Think about that 20 years ago—could not have happened.”
ADP®, a leading provider of human resource outsourcing, payroll, tax, business outsourcing and benefits administration services, and integrated computing solutions for vehicle dealers, today announced the launch of ALINE Pay by ADPSM, a comprehensive electronic payroll disbursement solution that helps employers reduce administration time and minimize their risk of financial and compliance exposure. The ALINE Pay electronic pay solution is designed to be compliant in all 50 states through a new innovative wage funding and distribution solution and gives both employers and employees flexibility in choosing the method of payment that best meets their needs: ADP Full Service Direct Deposit, the new ALINE Card by ADPSM or ALINE Check by ADPSM.
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Sharps Compliance Corp. (NASDAQ: SMED), a leading full-service provider of cost-effective management solutions for medical waste and unused patient medications, is helping medical and other healthcare professional offices like doctors, dentists, vets, clinics, tattoo studios, and skilled nursing or assisted living facilities save time, money and the environment with a “GREEN” alternative to their traditional medical waste pick-up service.
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Based on its recent analysis of the radio frequency (RF) and electromagnetic compatibility (EMC) measurement technologies market, Frost & Sullivan recognizes EMSCAN with the 2010 Global Frost & Sullivan Award for Customer Value Enhancement of the Year.
EMSCAN’s innovative electromagnetic (EM) measurement technologies offer faster alternatives to existing solutions for pre-compliance antenna measurement and EM testing, more specifically for small size antennas that operate in the 300 megahertz (MHz) to 6 gigahertz (GHz) frequency range and printed circuit boards (PCBs) that radiate in the 50 kilohertz (kHz) to 4 GHz range. Both its products, the EMxpert and the RFxpert, use high-speed automatically switched high-density planar antenna array patented by EMSCAN.
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Today’s trucking industry is a key element of the immense distribution system that supports the U.S. economy and our citizens’ present standard of living. However, the continued rough economic climate has caused countless bankruptcies, massive layoffs, and reduced trucking volumes. As a result, trucking companies must look for new and creative ways to master two major business challenges that impact a fleet’s bottom line: ongoing expense control and government regulations compliance.
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Plantronics, Inc. (NYSE: PLT) is the first headset company to be certified for TCO Certified Headsets 2. The new certification, launched today, is awarded to headsets that are designed for maximum performance, usability and have minimal environmental impact. It builds on the foundations of the existing TCO'07 certification programme with emphasis on sustainability, environmental compliance and corporate social responsibility. Headsets that are TCO Certified are third party tested for low emissions, superior sound quality and high durability.
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At its SolveForward 2012 event today, CommVault will unveil new, next-generation Singular Information Management® innovations that further empower Simpana® software customers to lower data management costs, reduce business and compliance risks and easily extract data for better decision making with anywhere, anytime information access.
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A new study from Robert Half and Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI), provides insight into professional standards across the finance function, including the average size of finance departments, hours worked and technologies used. The fourth annual report, Benchmarking the Finance Function 2013: The Inner Workings of Accounting and Finance, focuses on six key areas: workforce management, accounting operations, financial systems, sourcing, internal controls and compliance. The results are based on a survey of the finance departments of nearly 200 public and private companies in the United States and Canada.
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Accelrys, Inc. (NASDAQ: ACCL), a leading provider of scientific innovation lifecycle management solutions, today announced that it has acquired Ireland-based QUMAS, a leading global provider of Cloud-based and on-premises enterprise compliance software supporting regulatory and quality operations in life sciences and other highly regulated industries. The QUMAS acquisition further extends Accelrys’ informatics portfolio with the addition of mission-critical, end-to-end document and process management compliance solutions. Proven quality management solutions supported by robust content and business process management capabilities provided by QUMAS advance Accelrys’ ability to help customers better manage the scientific innovation lifecycle by reducing regulatory risks, lowering quality costs, improving compliance effectiveness and increasing operational efficiency in bringing new products to market.
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On December 4, 2013 a new Pulkovo Terminal 1 has started operating. Its total area exceeds 110,000 sq. m and it has a maximum capacity of 17 million passengers per year.
In the new terminal there are 88 check-in counters, 110 passport control booths, and 7 baggage belts, one of which can alternatively handle the luggage of passengers arriving by domestic or international flights. The terminal is equipped with jetways, 45 elevators, and 17 escalators. In compliance with the requirements of a barrier-free environment the terminal facilities are fully accessible for the people with disabilities.
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ADP®, a leading global provider of Human Capital Management (HCM) solutions, today announced further enhancements to its TotalSource® solution to help small and midsized businesses manage compliance and avoid penalties associated with the Affordable Care Act (ACA). Since TotalSource’s initial release of the dashboard in February 2013, ADP has continued to refine and enhance the solution as additional ACA information and guidance has become available.
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