Newsletter | Volume 1

Issue I
Issue II
Issue III
Issue IV
Issue V
Issue VI
Issue VII
Issue VIII
Issue IX
Issue X
Issue XI
Issue XII
Issue XIII
Issue XIV
Issue XV
Issue XVI
Issue XVII
Issue XIX
Issue XX
Issue XXI
Issue XXII
Issue XXIV
Issue XXV
Issue XXVI
Issue XXIX
Issue XXX
Issue XXXI

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Regulatory Governance, Risk and Compliance Issues

Norwegian Firm Violated EU Merger Laws by impatient acquisition implementations

It seems that Norway is the least compliant country in the Nordics. In 2011 three men have been found guilty of embezzling millions of kroner from the largely state-owned oil company Statoil. In 2012 Telenor had to write of almost 4 billion NOK after losing telecom licenses in India. In 2013 Yara International paid 48 million U.S. dollars in fines for the bribery cases the company committed in Libya, India and Russia. In 2014 it is a salmon farmer and processor: Marine Harvest ASA

The What, Why and How of implementing a comprehensive GRC plan

Let the framework and roadmap of Copenhagen Compliance® achieve an increased the overall business performance by leading (tone-at-the-top), planning (prepare a GRC technology plan), performing (integrating GRC processes), enabling (monitoring GRC processes) and auditing (internal controls) within the area of governance, risk management, compliance, IT-security and ethics (GRC) principles, policies and processes.

A common EU approach to say on pay for all types of listed companies

Say on Pay is one of the most tangible and successful provision of the landmark reform law, the 900 pages Dodd-Frank Act of 2010. Many regulatory compliance observers believe that the nonbinding shareholder vote on executive compensation has opened the door to a wider discussion on other governance topics.

Lessons learnt from the weaknesses in the oversight review of global anti-bribery & corruption systems and controls

Companies have Bribery and Corruption controls and even paid accountants, solicitors and consultants to advise them. If the processes are not documented, tested, embedded and integrated, quite often the oversights verdict is; not good enough. The failure to implement a holistic and automated solution is the root cause for a system and control failure.

Whistleblower actions and protection are extended to go beyond stock listed companies

Issues related to whistleblowers can differ from the various acts like the US Dodd-Frank Act, FCPA and the UK Bribery Act; however all of these legislation require that companies doing business in the UK to be in compliance to whistleblower actions and procedures.

Regulatory Financial Compliance Issues

Anti-Money Laundering (AML) now on top of the Compliance hotlist.

Financial institutions have to make significant changes to respond to global AML regulatory changes. Amongst the most important AML regulatory compliance components include the Financial Action Task Force's recommendations, the U.S. Foreign Account Tax Compliance Act, and the Fourth European Money Laundering Directive. Therefore, AML has never been higher on management's agenda to avoid the damaging regulatory fines and regulatory oversight actions could even be a threat to the license-to-operate.

It Is possible to resolve 'Too Big To Fail' Bank Problems

As many countries work to reduce the problems related to the “too big to fail” banks has not failed, but the financial industry continues to be concentrated in the hands of a few large players. Due to the high degree of potential systemic risk involved the expected concentration has lessened since the financial crisis. In a handful of countries 2-4 banks still control 50-60 per cent of all banking assets.

The risk of waiting to implement Regulatory Compliance in the financial services industry (Part II)

For some reason, many companies’ in general but financial services in particular sit on their hands, acting as if it is business as usual, nothing has changed and does not wish to lead the game of implementing new regulatory compliance mandates. What are the risks businesses are taking with their relaxed approach to these known impending regulatory changes? What are some of the reasons why implementation is complacent?

Getting to know crowd funding as a financing alternative

During these credit crunch crisis times, Crowd funding could be a good way to get capital for new creative idea or project. It requires a good concept, adequate preparation, an existing and expanding community and a little bit of luck to take off and succeed. There are many success stories that the reality can often be a surprise.


What are the new and emerging cyber threats and the key factors in building a multiple risk-based solution?

No company will ever be 100% secure to avoid cyber threats. The threat environment is simply too clever and moving too fast. Rather than focusing on a bulletproof IT security structure organizations need to evaluate and balance the cost of breach and intrusion as compared to the stolen easily available data is worth anything.

Managing Change and Business Process Optimization through ICT Enablement

Copenhagen Compliance is a strategic partner together with a Danish business daily Børsen in organising The IT Value conference on 14-15th may 2014 at the Bella Center exhibition hall. Copenhagen Compliance will give the following rebates for the Børsen IT Value event on the 14-15th may 2014 at Bella center

Updating the 2014 IT Security Program

Copenhagen Compliance has continuously provided guidance on how organizations can implement a governance and risk-based approach to IT security issues, by making these issues visible, measurable and actionable. At the conference on 22nd -23rd September 2014, we will demonstrate the Security Risk Management tools that support both advanced reporting capabilities and interconnectivity to ensure that remediation actions for IT breaches, controls and tests.

Quick Regulatory Compliance often results in Quack Governance

In 2005, Roberta Romano, from The Genius of American Corporate Law fame, timely and rightly described the Sarbanes-Oxley Act (SOX) as "quack corporate governance." Since then the virtues of SOX has played a significant corporate governance (G) role in reforming the company's internal controls and more central role in restructuring Risk Management (R); from the nature and description of SOX findings in counseling the directors and senior managers on the potential risks and even more important role in modernising compliance (C); from fear of the policeman (jail and fines). After the financial crisis the components of GRC is used to address complex global GRC issues and add values and ethics by integrating GRC in business processes to monitor transparency, ownership, accountability and to create awareness of the business ideals and standards of ethical and professional conduct.

Corporate Social Responsibility Issues

Corporate Social Progress frameworks and metrics can identify and measure the multiple dimensions of the social and environmental performance of company.

The aim of Copenhagen Compliance during the Bhutan CSR conference is to develop The Corporate Social Progress framework, by creating an integrated CSR framework to promote lasting sustainable change and the company’s social and environmental performance. The index can be used by all stakeholders as a tool to benchmark CSR success, improve CSR policy, and catalyze CSR actions.

Did Corporate Social Responsibility or globalization kill Detroit?

For decades Ford, GM and other car manufacturers of Detroit, fought every piece of legislation that required building motors that were fuel efficient and environmental friendly. The lobbyists from the US auto industry in the 1980-90’s overdid their job so well that they brought about the miserable the downfall of Detroit

Visionary GRC e-learning tools and concepts to monitor compliance. - Skills-based compliance training

How the effective use of e-learning can transfer the skills necessary to embed a compliance culture – and how to measure the impact. There is a need for training to focus on the 'skills' that are required by their workforce to mitigate the risk of a compliance breach

Low tech but high touch management Philosophy on sustainable supply chain

This is absolutely an unique supply chain management system, developed by the uneducated and illiterate Mumbai Dabbawalas and it has been recognized by the Forbes business magazine as a six-sigma system!

Is Your Compliance Training Creating Apathy? Part III

Compliance training is viewed by organisations as an area in which technology can deliver a big win. This is the final part on compliance e-learning tools to provide you with engaging, cheaper and more personalised content online. How to close the gap between results and expectations with skills-based Compliance Training