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Debra Rade
Debra Rade. Lawyer and businessperson. Principal at Rade Law LLC and Rade Consulting LLC. Former chief legal officer and chief administrative officer of Underwriters Laboratories Inc. Former partner at a large national law firm. Likes to draw on unique multidisciplinary background in law and business, corporate governance and compliance, product safety and regulations, and not for profit organizations. (The blog does not provide any legal advice so don't look for any here).
By Debra Rade on May 4, 2012
TranslationSelecting a new CEO or new Board Director is one of the most significant roles of the board of directors. It was with great pride on January 4, 2012 that the Yahoo! Board of Directors announced the appointment of Scott Thompson as the new Chief Executive Officer, effective January 9. Thompson presented an impressive work [...]
Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate | Tagged #thirdpointllc, #yahoo!, daniel loeb, embellishment, falsify resume, patti hart, scott thompson, stonehill, third point llc
By Debra Rade on April 21, 2012
TranslationWhat is an electronic book worth? You may have thought your $9.99 best seller was a good deal, but according to the US Department of Justice (DOJ), you’re paying too much. U.S. Attorney General Eric Holder, speaking at an E-book Press Conference on April 11, 2012, alleged that the price for e-books published by several [...]
Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate | Tagged #amazon, #anticompetitive, #antitrust, #apple, #DOJ, #e-books, #penguin, #publish, #publishing
By Debra Rade on March 13, 2012
TranslationIt’s always a pleasure to be included as faculty for the PLI’s Corporate Compliance & Ethics Institute. This one and a half day program will be held this year (2012) on May 10-11 in Chicago. It’s intended for anyone involved in any aspect of corporate compliance and ethics — not just lawyers (but if you’re [...]
Posted in Uncategorized
By Debra Rade on February 28, 2012
Translation Has Dodd-Frank spawned a cottage industry of fraudsters? The Securities and Exchange Commission (SEC) reports its staff is receiving numerous complaints about whistleblowers. Well, not real whistleblowers. Fictional whistleblowers and fraudsters. And they will call you or e-mail you at the office or at home. Seems SEC staff is rather inundated with complaints about [...]
Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate, Not for Profit | Tagged #doddfrank, #emailhoax, #sec, #whistleblower
By Debra Rade on December 24, 2011
TranslationIt’s a “real life” Christmas story for members of the Board of Chicagoland Toys for Tots. According to a Chicago Sun Times report (12/20/11), the story began in April 2011 when the Board learned that at least $25,000 had been embezzled. Ordinarily, the charity buys about 20,000 toys each Christmas and distributes them to Chicagoland’s [...]
Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate, Not for Profit
By Debra Rade on August 3, 2011
TranslationLast week, the U.S. Securities Exchange Commission (SEC) charged London-based Diageo plc with “widespread violations” of the Foreign Corrupt Practices Act (FCPA). In settlement of these charges, Diageo agreed to “cease and desist from further violations and pay $11,306,081 in disgorgement, prejudgment interest of $2,067,739, and a financial penalty of $3 million.” For those who [...]
Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate | Tagged #FCPA #Diageo #India #Thailand #South Korea
By Debra Rade on July 26, 2011
TranslationDeath penalty as deterrent for corporate corruption? The U.S. has the Foreign Corrupt Practices Act. The UK has its Anti-Bribery Act of 2010. Not surprisingly, China has its own ways of dealing with corruption. In China, the penalty you pay may well be your life. The New York Times reported that a former China Mobile [...]
Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate | Tagged #China, #corruption, #death penalty
By Debra Rade on June 22, 2011
TranslationIt’s a new era for manufacturers, importers & retailers in Canada. With Royal Assent, the Canada Consumer Product Safety Act (CCPSA) came into force on June 20, 2011. Everyone making or selling consumer products for the Canadian market should be mindful of these new laws requiring “incidents” to be reported to Health Canada upon “becoming [...]
Posted in Product Safety & Regulatory | Tagged #canadian consumer product safety act, #ccpsa, #childrens products, #CPSIA
By Debra Rade on June 8, 2011
TranslationAre the folks in Maine more interested in children’s safety than, let’s say, California or Texas? On June 3, 2011, the Maine State Legislature finalized amendments to its Toxic Chemicals in Children’s Products Act of 2008, known (in Maine, that is) as the Kid Safe Products Act. We will recall that there was a flurry [...]
Posted in Product Safety & Regulatory | Tagged #bpa, #childrens products, #CPSIA, #toysafety, cpsc
By Debra Rade on June 2, 2011
Translation Referencing the beginning of the 2011 hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard their tax and business records against natural disasters by taking several simple steps discussed below. It’s ironic that the IRS is referencing hurricane season when the significant devastation from deadly tornadoes has been most prominent in [...]
Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate, Not for Profit | Tagged #business records, #hurricane, #IRS, #records retention, #tornado
