GRC News update - Mar 21

Pension Fund Attorney Indicted For Kickback Scheme After 30 years of working for the city's two pension funds, attorney Ronald Zajac was indicted today on charges he was part of a bribery and kickb ... March 20, 2013 -- Huffington Post

Bankers get one last bonus season before EU cap on payouts Bankers in Europe will have one final bonus season before they are barred from awarding themselves payouts worth more than their salary, EU lawmak ... March 20, 2013 -- Reuters

FCPA Chiefs Pat Compliance Pros on the Back Speaking at a conference for compliance officers Wednesday, the two corruption hunters said that, by and large, U.S. multinationals seem to have accepted the need for comprehensive anti-corruption controls.

Microsoft Probe Highlights Third Party Liability WSJ reported Tuesday that lawyers from the DOJ and the SEC are examining kickback allegations made by a former Microsoft representative in China, as well as the company’s relationship with certain resellers and consultants in Romania and Italy.

'Pay for Performance' No Longer a Punchline More than half of the compensation awarded to 51 CEOs last year was tied to their companies' financial or stock-market performance, according to a preliminary review of proxy statements by consulting firm Hay Group and The Wall Street Journal. In most cases, the companies must hit specified targets for the CEO to receive the promised money or equity.