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FRB OIG — Semiannual Report to Congress

May 13, 2015 Comments off

Semiannual Report to Congress
Source: Federal Reserve System, Office of Inspector General

The OIG is responsible for keeping Congress informed of our work. We issue our Semiannual Report to Congress on April 30 and October 31 of each year, summarizing our activities, accomplishments, and ongoing work on audits and investigations. These reports keep both Congress and the agencies that we oversee abreast of our significant findings, progress that the agencies have made, and our recommended areas for further improvement.

Cost Sharing Arrangements and Income Shifting

May 8, 2015 Comments off

Cost Sharing Arrangements and Income Shifting
Source: Social Science Research Network

This study investigates the cost sharing arrangement (CSA), which is a mechanism used by multinational corporations (MNCs) to shift valuable intellectual property (IP) offshore to low-tax jurisdictions. We find that a CSA enables the MNC to shift income to low-tax foreign jurisdictions when the effect of domestic marketing intangibles on foreign income exceeds the effect of foreign marketing intangibles on domestic income. We also find that a CSA is less attractive if payments for the use of IP are not based on the fair market value of that IP. If the MNC can understate the value, it prefers to sell domestically developed IP to a foreign subsidiary, which in turn will develop the IP. If the tax authority can overstate the value by imposing retroactive revaluations of the IP, the MNC prefers to develop the IP domestically.

Compensation Committee Guide

May 7, 2015 Comments off

Compensation Committee Guide
Source: Deloitte

Given the continuing focus by shareholders and directors on the role of compensation committees and corporations’ compensation programs, this guide provides information on:

  • Composition and meetings;
  • Charters;
  • Roles and responsibilities; and
  • Legal standards and regulations that govern compensation committees and their members.
  • Detailed guidance is also provided around many other topics to promote compensation committee effectiveness.

Posted with permission from Wachtell, Lipton, Rosen & Katz. Copyright 2015.

A Nation Empowered: Evidence Trumps the Excuses Holding Back America’s Brightest Students

April 27, 2015 Comments off

A Nation Empowered: Evidence Trumps the Excuses Holding Back America’s Brightest Students
Source: Acceleration Institute

A Nation Empowered provides an update to the watershed work initiated by A Nation Deceived: How Schools Hold Back America’s Brightest Students.

A Nation Deceived informed us of research-based practices for challenging academically talented youth. A Nation Empowered tells the story of how well we have applied what we have learned.

The purpose of A Nation Empowered is to inform educators, parents, and policy makers of current research on acceleration, how that information has been applied to educational policy throughout the nation, and how educators can use the findings to make decisions for their brightest students.

American Society of Magazine Editors Guidelines for Editors and Publishers

April 25, 2015 Comments off

ASME Guidelines for Editors and Publishers
Source: American Society of Magazine Editors

The true value of a print or digital magazine brand lies in its relationship with its readers. The unique relationship between magazine media and media consumers is founded on the reader’s trust in the magazine’s editorial integrity and independence.

The purpose of the ASME Guidelines for Editors and Publishers is to sustain that trust by articulating basic principles for the conduct of magazine journalists. The guidelines also summarize industry practices, drawn from those principles, concerning editorial content and advertising and include information about federal regulations relevant to magazine media.

In a rapidly changing media marketplace, no one set of guidelines can answer every question. The ASME Guidelines address only the critical challenges encountered by print and digital journalists working in today’s advertising-supported media. The basic principles that inform the guidelines, especially transparency, are also applicable to other forms of magazine media, including conferences and events.

SEC Staff and FINRA Issue Report on National Senior Investor Initiative

April 17, 2015 Comments off

SEC Staff and FINRA Issue Report on National Senior Investor Initiative
Source: U.S. Securities and Exchange Commission and Financial Industry Regulatory Authority

With the Social Security Administration estimating that each day for the next 15 years, an average of 10,000 Americans will turn 65, the staff of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) today issued a report to help broker-dealers assess, craft, or refine their policies and procedures for investors as they prepare for and enter into retirement.

The National Senior Investor Initiative report includes observations and practices identified in examinations that focused on how firms conduct business with senior investors. The examinations by the SEC’s Office of Compliance Inspections and Examinations (OCIE) and FINRA focused on the types of securities purchased by senior investors, the suitability of recommended investments, training of brokerage firm representatives, marketing, communications, use of designations such as “senior specialist,” account documentation, disclosures, customer complaints, and supervision.

Anita Borg Institute Reveals Top Companies for Women Technologists 2015

April 13, 2015 Comments off

Anita Borg Institute Reveals Top Companies for Women Technologists 2015
Source: Anita Borg Institute

Anita Borg Institute (ABI), a non-profit organization focused on the advancement of women in computing, announced today the Top Companies for Women Technologists Leadership Index. In its fifth year, the Top Companies initiative is a national program designed to recognize companies where women technologists can thrive.

The Leadership Index is the definitive standard that identifies companies that are leaders in enabling and growing women in technical roles. ABI’s Top Companies program uses quantitative data supplied by participating companies and a widely accepted statistical methodology to score participants on the representation of women at all levels and year-over-year trends in recruitment and promotion of women within the U.S. technical workforce of the participating companies.

For this year’s Top Companies Leadership Index, the Anita Borg Institute evaluated 35 technology companies with a total technical workforce of over 435,000. BNY Mellon is the 2015 winner of ABI’s Top Companies for Women Technologists with the highest cumulative score. The 2015 winner will be recognized at the 2015 Anita Borg Women of Vision Awards banquet on May 14, 2015, in Santa Clara, Calif.

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