For both companies and individuals, several legal developments in the United States and the EU presage greater risks of prosecution and more serious penalties for non-compliance with anti-corruption rules are on the way. Currently there are companion bills in Congress that would provide whistleblower protection to employees who divulge credible, material information about FCPA violations to federal authorities. If enacted, this amendment to FCPA legislation could open the litigation floodgates.
The Securities and Exchange Commission (``Commission'') is proposing (``Regulation SCI'') under the Securities Exchange Act of 1934 (``Exchange Act'') and conforming amendments to Regulation ATS under the Exchange Act. Proposed Regulation SCI would apply to certain self-regulatory organizations (including registered clearing agencies), alternative trading systems (``ATSs''), plan processors, and exempt clearing agencies subject to the Commission's Automation Review Policy (collectively, ``SCI entities''), and would require these SCI entities to comply with requirements with respect to their automated systems that support the performance of their regulated activities.
The United States Consumer Product Safety Commission (Commission, CPSC, or we) is issuing a proposed rule that would amend the existing regulation on . The proposed amendment is intended to update the rule to clarify requirements in light of new regulations on testing and labeling pertaining to product certification, and component part testing. The proposed amendment would, among other things, use newly defined terms such as ``finished product certificate'' and ``component part certificate''; require that regulated finished products that are privately labeled be certified by the private labeler for products manufactured in the United States; clarify requirements for the form, content, and availability of ; and require that importers of...
Since the Sarbanes-Oxley (SOX) legislation was passed in 2002, many information technology workers have faced significant changes in their jobs because of SOX compliance requirements. Organizations hoping to motivate and retain IT workers need to understand the experience of being an IT worker dealing with SOX compliance issues and responsibilities. This research contains an investigation of the question, "What is the experience of IT workers with Sarbanes-Oxley compliance responsibilities?" This phenomenological study revealed several prominent positive and negative themes in the experiences of the IT workers within a large public organization.
The literature suggests that compliance behaviors are important in sustaining supply chain relationships when dealing with supply disruptions. This study empirically examines the role of agent-level factors on compliance in supply chain relationships, departing from previous research that focused mainly on firm-level factors. We find that after controlling for dependence and relational norms, some dimensions of agent cooperativeness and assertiveness are still significantly related to compliance. These findings suggest that certain characteristics of decision-making agents do matter in supply chain relationship dynamics, and encourage further research on the role of agent-level factors in affecting various aspects of supply chain phenomenon.