Synchrony Announces Leadership Transition
Margaret Keane, CEO, to become Executive Chair of the Board of Directors
Brian Doubles, President, to become President and Chief Executive Officer and a member of the Board of Directors
Richard Hartnack to retire from the Board of Directors
Jeffrey Naylor to become Lead Independent Director of the Board of Directors
Changes to take effect on April 1, 2021
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STAMFORD, Conn., Jan. 12, 2021 /PRNewswire/ Synchrony (NYSE: SYF) today announced Margaret Keane, Chief Executive Officer, will transition to the role of Executive Chair of the Board of Directors of Synchrony. Synchrony s Board of Directors unanimously elected Brian Doubles, President, to become President and Chief Executive Officer and a member of the Board of Directors. Both appointments are effective April 1, 2021.
Tools exist to screen them from all top jobs. Washington’s nightmare is our wake-up call.
Mitchell Anderson is a freelance writer and frequent contributor to The Tyee. SHARES An epidemic of Trumps? A US study of corporate professionals found rates of full-blown psychopathy 15 times higher than in the general population.
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The Inuit coined the word Kunlanget for someone who “repeatedly lies and cheats and steals things and does not go hunting and, when the other men are out of the village, takes sexual advantage of many women.” The Yoruba people of Nigeria describe an Aranakan as an individual who “always goes his own way regardless of others, who is unco-operative, full of malice, and bullheaded.” Remind you of anyone with access to nuclear launch codes?
On December 22, the SEC adopted amendments to modernize and combine the existing advertising and cash solicitation rules for advisers registered or required to be registered with the SEC. Among many other things, the amendments:
Streamline the advertising and cash solicitation requirements under the newly named “Investment Adviser Marketing Rule” (numerous long-standing no-action letters will be withdrawn);
Replace the four per se prohibitions of the advertising rule with seven general prohibitions based on historic anti-fraud principles (but also includes specific requirements as to disclosure, diligence, policy and oversight);
Set forth numerous new definitions, including a new two-prong definition of “advertisement” that:
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On January 1, 2021, the US Senate voted to override President Donald Trump’s veto of H.R. 6395, the National Defense Authorization Act for Fiscal Year 2021 (NDAA).
1 As part of the NDAA, the Anti-Money Laundering Act of 2020 (AML Act) will become law and will amend the Bank Secrecy Act (BSA) for the first time since 2001.
The BSA provides the framework for the prevention and detection of money laundering and the financing of terrorism. The AML Act is intended to modernize the BSA, derail attempts by bad actors to evade detection by using shell companies, address emerging financial threats, improve coordination and information sharing, and encourage technological innovation. To that end, the AML Act mandates creation of an ultimate beneficial ownership register and AML law enforcement priorities, strengthens the government’s ability to seek foreign bank records, updates the BSA’s whistleblower program, and may pre