Risk management

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    Companies need to align efforts at disclosure, cybersecurity: SEC attorney

    The SEC aims to protect investors from cyber-related risks by cracking down on companies that release misleading disclosures about cyberattacks, according to the top attorney in the agency’s Crypto Assets and Cyber Unit.

    By May 13, 2022
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    SHansche via Getty Images

    U.S. regulators see 'endgame' to LIBOR phaseout

    Winding down LIBOR has reached the final stage as businesses increasingly borrow using an alternative reference rate, U.S. regulators said.

    By May 12, 2022
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    qingwa via Getty Images

    General counsel face heightened liability risk as SEC seeks to drop SPAC safe harbor

    Projections to attract shareholders could trigger lawsuits as plaintiffs’ attorneys take advantage of what amounts to a shift in the burden of proof to operating companies.

    By Robert Freedman • May 12, 2022
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    Jack Taylor / Stringer via Getty Images

    SEC fines NVIDIA $5.5M for failing to disclose cryptomining impact

    NVIDIA rode the rush into crypto assets as customers used its gaming devices for cryptomining. The SEC penalized the company for allegedly not disclosing how it gained from the crypto boom.

    By May 11, 2022
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    Gabriel Kuchta via Getty Images

    Moderna CFO exits abruptly amid probe at former company

    Jorge Gomez's departure came just one day after he took the reins as CFO of Moderna, which has become a household name due to the rapid development and success of its coronavirus vaccine. 

    By May 11, 2022
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    OlyaSolodenko/iStock via Getty Images

    Inflation pounds small business optimism to 48-year low

    While the NFIB said price pressures have eroded optimism, the Federal Reserve warned that rising interest rates may complicate efforts by companies to pay off debt.

    By May 10, 2022
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    Courtesy of Wells Fargo multimedia resources

    Judge dismisses class action against Wells Fargo, former CEO, ex-CFO

    Investors led by a retirement fund for Hawaii state employees failed to prove the bank unjustifiably inflated loans, understated loss reserves or misstated its practices, a judge ruled Friday.

    By Robin Bradley • May 9, 2022
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    Courtesy of Skanska

    Skanska posts 21% dip in Q1 profits as CFO cites inflation

    Skanska CFO Magnus Persson, while citing a drag from inflation, identifies infrastructure spending as a future bright spot.

    By Zachary Phillips • May 6, 2022
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    Edwin Tan via Getty Images

    Professional workers 'significantly' harder to hire, retain: Conference Board

    CFOs are offering higher pay, more generous benefits and greater workplace flexibility in order to overcome the tightest labor market in years.

    By May 5, 2022
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    Justin Sullivan via Getty Images

    Global ESG standard-setting gains speed

    CFOs seeking to provide shareholders with more sustainability data must choose from a patchwork of inconsistent measurement frameworks. Regulators and other standard setters worldwide are now building a consensus behind uniform rules for gauging sustainability.

    By May 4, 2022
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    Chip Somodevilla via Getty Images

    SEC to nearly double crypto enforcement unit

    The agency is adding 20 supervisors, investigative staff attorneys, trial counsels and fraud analysts to the team that currently has 30 dedicated positions. 

    By Robin Bradley • May 3, 2022
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    Chip Somodevilla via Getty Images

    Fed probably needs to curb GDP growth to 1% to quell inflation: Moody's

    CFOs navigating an unusual array of profit threats — from supply chain disruptions to the possibility of a new COVID-19 variant — may need to add stagflation to their roster of risks.

    By May 2, 2022
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    MangoStar_Studio via Getty Images

    FASB explores single consolidation model

    “We can bring some order to this area where I think we’re hearing very clearly that order is needed,” said Richard Jones, FASB chair.

    By April 29, 2022
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    Chip Somodevilla via Getty Images

    SEC sues Brazilian mining firm, alleging false ESG claims

    The agency that supervises Wall Street, seeking to ensure accurate sustainability disclosures, sued a Brazilian company for allegedly misleading investors about safety before a dam collapse killed scores of nearby residents.

    By April 28, 2022
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    Thomas Cain via Getty Images

    Most executives admit to ESG 'greenwashing': survey

    Companies overstate their commitment to sustainability as investors, regulators, lawmakers and other stakeholders push for adherence to environmental, social and governance best practices.

    By April 27, 2022
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    Spencer Platt via Getty Images

    Profit expectations fall at US companies, NABE says

    The business outlook has grown hazier amid Federal Reserve plans to reduce stimulus, Russia’s invasion of Ukraine and doubts about the stability of supply chains tied to China.

    By April 25, 2022
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    Wang He via Getty Images

    Most companies unable to gauge whether suppliers meet ESG goals: survey

    Companies that collect data about their suppliers can gain insights needed to influence suppliers’ behavior on carbon emissions and other sustainability goals.

    By April 20, 2022
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    Chip Somodevilla via Getty Images

    SEC alleges Brazilian ex-CFO planted false Berkshire Hathaway story

    Fernando Passos used a fabricated shareholder list and a fake email as part of a scheme to bolster his false Berkshire Hathaway claim and pump up IRB's flagging stock, according to the complaint.   

    By April 20, 2022
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    Stock photo via Getty Images

    SEC swats pest control company with $8M penalty for accounting flaws

    Rollins Inc., a global exterminator company, adjusted its accounting reserves in order to increase its EPS by 1 cent and meet quarterly forecasts.

    By April 19, 2022
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    AzmanL via Getty Images

    CFO clout rising amid pandemic, other challenges: McKinsey

    The influence of CFOs is growing across a range of decision making, including M&A, investor relations and digital transformation.

    By April 18, 2022
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    Courtesy of Blend

    CFOs eye hybrid office savings; firms grow in place

    While some companies have sought to dump office leases, others are looking to keep a lid on costs by quietly accommodating more hybrid workers in existing space.

    By April 18, 2022
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    Leon Neal / Staff via Getty Images

    Russia-Ukraine war to stoke U.S. inflation, slow growth

    While ending a period of easy money, the Federal Reserve may have trouble reducing inflation to its 2% target without tipping the economy into a recession, the Conference Board said.

    By April 14, 2022
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    Megan Quinn/CFO Dive

    Republican lawmakers slam SEC climate-risk disclosure proposal

    SEC Chair Gary Gensler says that a new regime of disclosure standards would answer the demand from investors for detailed information about climate risks faced by publicly traded companies.

    By April 13, 2022
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    Drew Angerer via Getty Images

    Fed will 'expeditiously' combat inflation, Brainard says

    Russia’s invasion of Ukraine, COVID-19 lockdowns in China and the unpredictability of the pandemic have thrust the U.S. economy into a time of “very high uncertainty,” Lael Brainard said.

    By April 12, 2022
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    Chip Somodevilla via Getty Images

    SEC issues guidance on crypto-asset accounting, disclosure

    As theft of crypto-assets rises, the SEC is pushing companies to publicly report on the potential costs from such crimes and efforts to curb hacking risks.

    By April 11, 2022