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Uhuru gives executive order on procurement - VW fined €1bn by German prosecutors over diesel scandal - Vietnam passes cybersecurity law despite privacy concerns - And More
6/14/2018 12:29:00 PM

 

 

Uhuru gives executive order on procurement

On June 14, The Daily Nation (Kenya) reported, "Days of corrupt public officers who are used to making themselves filthy rich with taxpayers’ money through shady deals and 'tenderpreneuring' have come to an end. President Uhuru Kenyatta on Wednesday released an executive order which indicated that henceforth, accounting officers will be the ones to take personal responsibility for all public resources under their watch."

 

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VW fined €1bn by German prosecutors over diesel scandal

On June 13, The Guardian reported, "Volkswagen has been fined €1bn (£880m) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company. The fine follows a US plea agreement from January 2017 when VW agreed to pay $4.3bn to resolve criminal and civil penalties for installing illegal software in diesel engines to cheat strict US anti-pollution tests."

 

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Vietnam passes cybersecurity law despite privacy concerns

On June 13, The Associated Press reported, "The law requires service providers such as Google and Facebook to store user data in Vietnam, open offices in the country and remove offending contents within 24 hours at the request of the Ministry of Information and Communications and the specialized cybersecurity task-force under the Ministry of Public Security.

Addressing the Communist Party-dominated assembly before the vote, chairman of the Committee on Defense and Security Vo Trong Viet said the law is 'extremely necessary to defend the interests of the people and national security.'"

 

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World Cup sponsorship revenue falls for first time

On June 13, The Week (UK) reported, "According to Nielsen Sports' research, Fifa sponsor revenue fell from $1,629m (£1,214m) at the 2014 Brazil World Cup to $1,450m (£1,085m) today. The Global market research firm says the 2015-18 sponsorship cycle had been 'a tougher sell' than for the previous two World Cups, with a number of long-term Fifa backers, including Johnson & Johnson, Castrol and Continental, ending their association with the tournament."

 

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Register for the Compliance & Ethics Institute by June 19 to save! Learn More >Register for the Compliance & Ethics Institute by June 19 to save! Learn More >

 

Businessman Chau Chak Wing tried to build 'web of patronage'

On June 13, The Australian Financial Review reported, "Former prime ministerial adviser John Garnaut has accused Chinese-Australian billionaire Chau Chak Wing of trying to bring him into his 'web of patronage' by offering him a job, expensive gifts and family holidays. Mr Chau is suing Fairfax Media and Mr Garnaut over a 2015 article published on The Sydney Morning Herald website, claiming the article falsely suggests he is part of a conspiracy to bribe a United Nations official. Mr Garnaut is a former Fairfax Media China correspondent who has since advised Prime Minister Malcolm Turnbull on China's influence on Australia. Mr Chau is a prominent Chinese-Australian figure who has built his fortune from property development and is a donor to major political parties, universities and charities."

 

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Guess Chairman gets the boot over sexual harassment

On June 13, Daily Mail reported, "Guess co-founder Paul Marciano is stepping down as executive chairman after his company was forced to pay more than $500,000 to five people who accused him of sexual harassment. ... Marciano agreed to temporarily step aside while Guess launched a sexual misconduct probe. But that investigation turned up more claims of sexual misconduct claims."

 

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Why the AT&T-Time Warner Case Was So Closely Watched

On June 12, The New York Times reported, "AT&T took a step closer to becoming a telecom-media giant after a judge ruled on Tuesday that its $85.4 billion takeover of Time Warner can proceed. ... The decision was no less momentous for President Trump’s Justice Department which, in suing to block the deal, was advocating a new approach to antitrust regulation. Here’s a primer on what happened ..."

 

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Ottawa unveils new cybersecurity strategy targeting public, businesses

On June 12, Global News (Canada) reported, "The federal government is rolling out a new cybersecurity strategy designed to better protect the country and its citizens from the growing threat of online attacks and crime. The plan, backstopped by $500 million over five years that was included in this year’s federal budget, includes a range of initiatives aimed at the public as well as businesses."

 

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Product features

 

The Complete Compliance and Ethics Manual - 2018

The Complete Compliance and Ethics Manual — 2018

 

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Workplace Investigations: Techniques and Strategies for Investigators and Compliance Officers

Workplace Investigations: Techniques and Strategies for Investigators and Compliance Officers

 

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Join us for the Board Audit Committee Compliance Conference | Sept. 24-25 in Scottsdale | Buy one registration for $895, get one for only $595 | Learn More >Join us for the Board Audit Committee Compliance Conference | Sept. 24-25 in Scottsdale | Buy one registration for $895, get one for only $595 | Learn More >

 

SCCE members, don't forget!

SCCE members get discounts on events and products! Learn more about the benefits of an SCCE membership.

 

Questions/feedback?

Please feel free to contact the Corporate Compliance Weekly Newsletter editor, Margaret Martyr.

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