Oracle Corp. has agreed to strengthen its global compliance, risk, and control practices and pay more than $23 million to settle a foreign bribery case with the U.S. Securities and Exchange Commission (SEC).
The settlement announced Tuesday follows the retirement of longtime Oracle legal chief Dorian Daley, who told the company in late June that she planned to step down in August, according to an SEC filing. The 8-K noted that Daley would "assist in the transition of her duties until her retirement becomes effective."
Daley is still listed as Oracle's top lawyer on the Austin, Texas–based company's website. Oracle representatives did not respond to questions about Daley's status or the firm's general counsel succession plan.
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Phillip Bantz
Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.
