When it comes to financial reporting, some companies are going beyond the call of duty. In a study of 2006 financial statements from the 100 leading U.S. companies, the Financial Executives Research Foundation (FERF) assembled dozens of examples of companies doing just that in the face of accounting rules that...

Visualizing risks and their relationships is a central function of enterprise risk management (ERM) systems. Helping to ease that task is Riskonnect, a Marietta, Ga.-based software company that has launched an ERM system, also called Riskonnect, that enables risks to be easily identified, assessed and mitigated. The product is intended...

Hess Corp., the $28.7 billion integrated oil and gas company, based in New York, promoted Sachin Mehra to vice president and treasurer. Mehra, 37, succeeds Robert J. Vogel, who is retiring after 18 years with Hess. Mehra came to the company last April as vice president and deputy treasurer. Prior...

RIMS 2008 Annual Conference & Exhibition, scheduled for April 27 to May 1 in San Diego, will feature more than 130 sessions for professionals at all experience levels. Speakers will share new strategies and techniques that can be immediately put to good use. Moreover, the exhibit hall will display a...

After the House and Senate failed to agree on a few key provisions of the Mental Health Parity Act of 2007, Congress extended the existing 1996 law for one year until a compromise can be reached.

QUMAS Ltd. has introduced its GRC Suite, which provides risk management software integrated with document and business process management, interactive dashboards and advanced reporting capabilities for real-time governance. The product allows companies to model and assess their risk environment, actively manage documents and monitor processes in accordance with multiple compliance...

With only five days to go before the Terrorism Risk Insurance Act (TRIA) was set to expire at year's end, President Bush signed into law legislation that reauthorizes the federal backstop for another seven years. The legislation extends coverage for acts of domestic terrorism, in addition to foreign acts of...

The $5.7 billion, broker of exchange-listed futures and options, MF Global Ltd., based in New York, has named chief administrative officer, Ira Polk, as interim CFO. Polk, 60, replaces Amy Butte, who left the company to pursue other opportunities. Polk, has spent 22 years with MF Global, formerly Man Financial,...