Cybersecurity hot topic at annual UH Law Center ethics and compliance symposium

Andy Hinton, VP and CCO of Google, far right, moderated the Technology and Compliance panel composed of, from right: John Price, Global Litigation & Compliance Counsel of CEVA Logistics; Tim McInturf, executive VP and GC of Quantlab Financial; and Ben Morof, CCO and AGC of Teza Technologies.

Andy Hinton, VP and CCO of Google, far right, moderated the Technology and Compliance panel composed of, from right: John Price, Global Litigation & Compliance Counsel of CEVA Logistics; Tim McInturf, executive VP and GC of Quantlab Financial; and Ben Morof, CCO and AGC of Teza Technologies.

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June 13, 2014 – Ethics and compliance experts addressed a broad range of challenges facing Fortune 500 companies and other businesses from navigating regulatory frameworks and third party risk management to data security at the Third Annual Ethics and Compliance Symposium held today at the University of Houston Law Center.

Recent news of internet security breaches at Target and eBay and other well-known companies prompted questions and a lively discussion during a technology and compliance panel and other presentations throughout the day.

“We have a whole team dedicated to thinking about what could go wrong, said Daniel Trujillo, Sr. Vice President and Chief Compliance Officer for Walmart International. “It is a lot about being able to learn from the mistakes of others and ensuring that you have the right controls in place.”

“Boards have to start thinking about this as an issue that can affect the entire company,” said Andy Hinton, Vice President and Chief Compliance Officer of Google.

Hinton noted that having a dedicated board member with a technology background might be valuable in addressing the ramifications of cyber security breaches.

Ben Morof, Chief Compliance Officer and Associate General Counsel of Teza Technologies said that there are experts and specialists that companies can hire to help them learn how ‘at risk’ systems are, but that this raises other concerns.

“Testing security is a tricky exercise. The more you know about your vulnerability, the more you know about your wounds until you fix them.”

UH Law Center Interim Dean Richard Alderman gave opening remarks and Adjunct Professor Ryan McConnell led a compliance bootcamp.  

Keynote speaker for the day was James R. Doty, Chairman of the Public Company Accounting Oversight Board. He told participants that it is banner time for compliance officers as they are in high demand with a broad range of responsibilities.

“Your help is also needed in supporting external audits,” said Doty.

The University of Houston Law Center also shared data from its empirical Code of Conduct database throughout the day that showed how Fortune 500 companies are addressing topics such as facilitation payments, data privacy, social media, and political contributions.

Michael Hershman, co-founder of Transparency International, led a late afternoon discussion on managing risk.

Additional sponsors for the event were EY, Bracewell & Giuliani, Ethisphere Institute, and Jenobi, Inc.

Ryan McConnell discussed best practices and legal requirements with Daniel Trujillo, senior VP and CCO of Walmart International, during the compliance bootcamp.

Ryan McConnell discussed best practices and legal requirements with Daniel Trujillo, senior VP and CCO of Walmart International, during the compliance bootcamp.

Daniel Trujillo, senior VP and CCO of Walmart International

Daniel Trujillo, senior VP and CCO of Walmart International

Interim Dean Richard Alderman

Interim Dean Richard Alderman

Phil Wedemeyer, Board of Directors member at Atwood Oceanics, Inc., left, speaks with Mary Ricciardello, Board of Directors member at Noble Corp. and former SEC comissioner Troy Paredes about corporate ethics and compliance expectations from the Board's perspective.

Phil Wedemeyer, Board of Directors member at Atwood Oceanics, Inc., left, speaks with Mary Ricciardello, Board of Directors member at Noble Corp. and former SEC comissioner Troy Paredes about corporate ethics and compliance expectations from the Board's perspective.

Mary Ricciardello, Board of Directors member at Noble Corp. during the Tone from the Top Panel Discussion alongside Phil Wedemeyer, Board of Directors member at Atwood Oceanics, Inc., left, and moderated by former SEC commissioner Troy Paredes.

Mary Ricciardello, Board of Directors member at Noble Corp. during the Tone from the Top Panel Discussion alongside Phil Wedemeyer, Board of Directors member at Atwood Oceanics,  Inc., left, and moderated by former SEC commissioner Troy Paredes.

Jim Doty, chairman of the Public Company Accounting Oversight Board.

Jim Doty, chairman of the Public Company Accounting Oversight Board.

From left: Walmart VP & CO Luis Kolster, Shane Kimzey, deputy CLO of CEVA Logistics, and David Searle, director of Compliance of Nexeo Solutions, discuss the management of legal and ethical risks to third parties.

From left: Walmart VP & CO Luis Kolster, Shane Kimzey, deputy CLO of CEVA Logistics, and David Searle, director of Compliance of Nexeo Solutions, discuss the management of legal and ethical risks to third parties.

Jay Martin, VP, CCO, and Sr. Deputy GC of Baker Hughes, left, speaks during the Managing Risk panel alongside Kimberly S. Walker, Transocean Associate General Counsel and Deputy Chief Compliance Officer, and panel moderator Michael Hershman, Transparency International co-founder and President and CEO of The Fairfax Group.

Jay Martin, VP, CCO, and Sr. Deputy GC of Baker Hughes, left, speaks during the Managing Risk panel alongside Kimberly S. Walker, Transocean Associate General Counsel and Deputy Chief Compliance Officer, and panel moderator Michael Hershman, Transparency International co-founder and President and CEO of The Fairfax Group.

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