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How to Stop Your CEO From Posting Stupid Tweets

In this Twitter world, news travels faster than the average general counsel can handle.

And for some reason, the bad news seems to travel faster. Like when Elon Musk tweeted about Tesla's car production for 2019, what should have been good news quickly turned into bad before the Securities and Exchange Commission.

The SEC is deciding whether to sanction Musk for tweeting without appropriate "controls and procedures." So inquiring GCs want to know, how do you stop the company's chief executive officer from posting stupid tweets?

Insider Makes Whistleblower Claim Against Domino's Pizza

Domino's manipulated reports to approve higher advertising and promotion fees in a scheme to boost stocks and dividends for insiders, according to a new report.

In a report to the Securities and Exchange Commission, a corporate insider laid out the alleged scheme. Ultimately, the whistleblower says, officers, board members, and others enjoyed "higher stock prices and dividends through share repurchases and dividend payouts."

The SEC has not filed charges against Domino's, but the agency will investigate whether the franchisor violated securities laws or was just doing business as usual.

3 Free Tips for Regulatory Compliance

If the best things in life are free, compliance should be one of them.

It may cost your company some time and effort to comply with workplace regulations, but it's nothing like government fines and litigation. Being out of compliance can be dollars-and-cents costly.

So to help control those costs, Forbes offered some strategies to ensure regulatory compliance. Here are three free tips from their experts:

If you've been delaying actions hoping for the next big anti-regulatory move from the White House, you might want to just stop holding your breath.

In a recent report by CNBC, it explains that 90 percent of the Trump administration's deregulatory actions have been struck down in court. It is then suggested that the administration needs to do their homework before taking deregulatory action. And while you might want to delay your spending to come into compliance with regs that might be on the chopping block, that 90 percent loss rate should give you pause.

In the Age of Cyber Criminals, Compliance Has Limitations

When entering a home back in the day, a burglar typically jimmied a door or broke in through a window.

If you were smart, you could protect your stuff with good locks or an alarm system. Today, however, thieves work in an entirely new world.

In the age of cyber criminals, your information is golden. The problem is, not even law-abiding companies can replace a stolen identity.

Don't Sugarcoat Bad Business News

Sugarcoating is not new, but it's a lot more complicated than it sounds.

The process used to be popular in the pharmaceutical industry, when drugmakers used it to mask the taste of pills. The ingredients were cheap and made pills easy to swallow.

Companies also "sugarcoat" bad news to make tough times easier to swallow. But it's time to change.

Monetizing the internet is big business. Even sites that no one expected to become central to millions of peoples' lives have done just that, without users having to pay any money. And while, for years, people wondered how these sites stayed in business, the scales dropped from the public's eyes pretty recently.

The internet-age saying that goes, if you're not paying, you're the product, has become a near universal truth. And for Facebook users, this is becoming painfully clear as the company seems to be facing scandal after scandal. Most recently, a public relations crisis consulting company that was retained by Facebook ended up being the cause of a PR crisis.

DOJ Has a New Rule on Corporate Compliance

Brian Benczkowski, an assistant U.S. attorney general, didn't expect everybody to applaud his speech on corporate monitors.

After all, he was speaking to students at New York University School of Law. They don't usually follow the nuances of corporate compliance.

But business leaders around the country virtually gave him a standing ovation when he announced a change: the Justice Department is cutting back on using corporate monitors.

In these wild times of the current executive administration of the country making a massive push for federal deregulation, compliance industry insiders might be a bit nervous. Even popular media isn't holding back making compliance officers seem to be the worst of the worst and smuggest of the smug, and deserving of having their Porsches intentionally demolished by spiteful Wall Street traders.

Sure, there will always be compliance jobs, but with less regulation, comes less work for the compliance crews, which for in-house lawyers and those aspiring to go in house, is not good news. Earlier this year, a Reuters report explained that bonuses and hiring in the compliance industry, which had been booming post-financial crisis, have stagnated and significantly slowed down.

Microsoft's newest requirements for providers of contract employment services, such as for the company's building services, and other operational roles, is making a bit of a stir.

Microsoft will require all contract employee providers that provide more than 50 positions to agree to giving their employees 12 full weeks of (60 percent) paid parental leave in order to renew contracts. Notably, the new policy does not extend to all of Microsoft's suppliers, but rather just the company's partners that fulfill the staffing needs for janitorial, culinary, and/or reception roles.