Risk & Compliance, Risk Management, Business Continuity Planning
Building resilience into the business is important. Whether it is creating business continuity plans or assessing risks to the business or its employees, it is imperative that companies prepare to weather bumps in the road. At the same time, companies should also pay attention to the infrastructure surrounding their companies and the changes that can affect them as well.
Republicans plan to unveil their long-awaited tax reform package on November 1. Although the nine-page tax reform framework released in September was short on details, the plan highlights key changes to the tax code intended to reduce the tax burden on both individuals and companies, spark economic growth in the U.S., and make the tax laws more globally competitive.
With whistleblower suits on the rise, increased CEO firings over ethical lapses, and National Whistleblower Appreciation Day falling on July 30, it’s an important time for companies to think about their corporate governance structures, whistleblower systems, and whistleblower investigation processes. Instead of looking at whistleblowing as harmful, companies should consider whistleblowing a safety valve and a sign of an engaged, ethical culture.
The EPA's Clean Power Plan creates winners and losers, with anticipated advantages for the environment but higher electricity costs and lower GDP relative to baseline forecasts. Two dozen states have already filed lawsuits over the plan and the House passed two joint resolutions to kill it.
If imitation is the sincerest form of flattery, the UK is positively infatuated with the United States. Two years ago, the UK essentially copied U.S. anti-corruption laws by adopting the UK Bribery Act—a British version of the Foreign Corrupt Practices Act—to criminalize corporate corruption. The UK has seemingly dusted off its copiers again in the form of newly adopted legislation creating deferred prosecution agreements and allowing their use starting in early 2014. This is good news for global companies operating in the UK because it provides a legal “middle ground” for companies to cure a recognized financial misstep, including bribery, fraud, or money laundering.