From a compliance and risk management perspective, conflicts of interest (COI) disclosure require both prompt and clear disclosure, along with documented evidence of appropriate action taken by HR/Compliance once the disclosure has been made. Failure to do so can create significant damage to your company’s reputation, even if no inappropriate conduct occurs, along with substantial penalties for non-compliance.
Compliance Trends in 2017: what to expect, how to prepare
Looking back on 2016, it was without doubt a year of political upheaval and increased scrutiny on the environmental, social and human rights implications of government regulations, corporate practices and consumer habits. In 2017, these changes will fuel additional compliance considerations for corporate supply chains around the world. While the future is anything but certain, our regulatory experts have taken some of the guess work out of helping your compliance team plan for a successful 2017. The following...
Petition for Waiver of 2016 cellulosic biofuel volumetric requirements
On December 28, 2016, the American Fuel & Petrochemical Manufacturers (AFPM) submitted a petition requesting that EPA waive the cellulosic biofuel volumetric requirements for the 2016 compliance year citing an inadequate domestic supply of the fuel. Based on the amount of cellulosic fuel produced through November, AFPM estimated that between 173.8 and 190 million gallons will be produced in 2016, which is approximately 40 to 60 million gallons below the 230 million gallon target set by EPA in December 2015....
Top 10 Compliance Storylines from 2016
For the compliance sector, 2016 was a critical year. It was a year in which regional government bodies around the globe took on greater responsibility as gatekeepers of environmental and human rights standards in the corporate sector. It was also the year of the investor, where corporate decision makers became more concerned with transparency and accountability in supply chains. Finally, 2016 was most certainly a year in which consumer awareness and subsequent purchasing choices signaled a growing unwillingness...
One Year Until the ELD Mandate Compliance Date: Common Questions and How to Prepare
A year ago, the ELD Mandate regulation was released as a final rule, and carriers now have one year until the compliance date of December 18, 2017. Step one in preparing for ELD compliance should be using the time you have now to understand the details of the regulation. Omnitracs has received a lot of questions from customers and we’re going to share some common themes. Common theme #1: Unassigned vehicle movement events and the process for the driver and the carrierThe FMCSA wanted to be sure that all...
Xylem facilities, pumps ready for DOE compliance
Bell & Gossett is nation’s only pump brand to meet efficiency requirements 3+ years early Xylem Inc. brand Bell & Gossett announces its e-Series line of products achieves and exceeds efficiency targets for clean-water pumps set forth by the U.S. Department of Energy, more than three years in advance of the 2020 compliance date. In addition, Xylem’s pump test laboratories in Morton Grove, Illinois, and Seneca Falls, New York, have been approved through the Hydraulic Institute Pump Test Lab...