Collection of Customer Data is Risky e-Business.
If you think Internet privacy issues only affect other companies, consider this--a recent study by Forrester Research in Cambridge, Mass., found that of Fortune 100 companies, 73 have no process for handling personal data. Forrester also estimated that companies lost about $12.8 billion in 1999 because of consumers' concerns...

"corporate governance".
There's been a lot of talk about "corporate governance" in recent years, especially as it pertains to risk management of ever-larger and more multinational public companies. Increasingly, Europe and the U.S. are adapting corporate governance codes that require companies to assess the effectiveness of the internal controls they have...

Privacy Training.
A new product is now available to help financial institutions comply with the Gramm-Leach-Bliley Act (GLBA). Compliance Coach's product, Privacy University, is designed to provide answers for how to comply with GLBA m a cost-effective and efficient way Privacy University, available on CD-ROM or via the Internet (www.privacyu com),...

Lloyd's: Transformation and Transparency.
With lawsuits behind it and capital flowing into new syndicates, London's venerable insurance and reinsurance market has finally embarked on a new era of fiscal openness and willing change. Lloyd's of London is in the process of reinventing itself. Indeed, after some 300 years of moving very...

SEC strengthens auditor independence rules.
Clarification of what constitutes appraisal services was included in the rules that the Securities and Exchange Commission adopted to strengthen auditor independence. The rules, adopted Jan. 22, 2003, included requiring additional disclosures to investors about the services provided to issuers by the independent accountant, which fulfills the mandate of...

Alienating Workers?
Personal auto insurance, legal consultation, investment education--employers keep adding new features to their corporate employee benefits package and consolidating benefits with larger service companies. But they could go too far in sponsoring a one-stop shop for employee financial services. Employers who try to offer all services all...

Impairment Write-Offs: Truth or Manipulation.
The Asset Impairments Controversy All entities, regardless of size, are subject to the risks and uncertainties of economic and technological change. Rapid technological advances, intense global competition, volatile interest and foreign exchange rates, and rapid changes in market demand can create obsolescence of plant, machines, and patents...

Directors Roster.
In affiliation with Spencer Stuart - a quarterly record of new director appointments THE PRACTICE at many companies is to assign newly appointed directors right onto the audit committee. It can be anticipated that a high percentage of the 236 directors joining boards in this edition's Director...

The Audit Committee Handbook (Third Edition).
Published by John Wiley & Sons Inc., New York, 446 pages, $60.00 OVER THE PAST TWO YEARS, corporate audit committees have received nearly unprecedented attention from regulators and professional organizations. Recent initiatives include the publication of the Report and Recommendations of the BlueRibbon Committee on Improving the...

Judge Dismisses All But One Suit Against PSINet.
ALEXANDRIA, VIRGINIA, U.S.A., 2000 DEC 26 (NB) -- By Martin Stone, Newsbytes. A federal judge in Virginia has dismissed 14 of 15 class-action lawsuits accusing Internet service provider PSINet Inc. of securities fraud. An official company statement said US District Judge Leonie M. Brinkema saw no evidence...