Welcome to my site where you will learn not only about me but Regulatory Compliance, Vendor Risk Management and a few other legal things too! Perhaps, you may want to review the Consulting Services I offer below first.
In expanding on micromanagement and the pressure to produce is one of the leading causes of compliance and ethics violations.
Dodd-Frank isn't a person, but yet another financial industry compliance act implemented in 2010. It is a direct result of the 2008 financial crisis.
In looking at Dodd-Frank and comparing it to SOX, Dodd has more of a consumer or tax payer protection focus. For one The CFPB (Consumer Financial Protection Board) was formed with this Act. And lets look at section 165. It requires large financial institutions to file annual reports that provides the plans for their institution to be liquidated in a "rapid and orderly fashion" to avoid any harm to or bail out from the American taxpayer. In the event they are unable to do so in such plan (as regulated or determined by the Fed and FDIC) then they will need to simplify their plan or liquidate assets to do so. That is a tall order for large financial institutions but paves the path of transparency and protection for the American market place and tax money.
The Consumer Financial Protection Bureau. A wonderful place to begin before you do anything with your money or credit or if you are having issues with a creditor.
It's true! "As an undergrad at Harvard he worked... on a ...social network called ConnectU." ibid [Facebook was created after his time there and he was sued for stealing ConnectU's source code] ibid
According to Oxford Dictionary: A Source Code is: A text listing of commands to be compiled or assembled into an executable computer program. www.oxforddictionaries.com 2014
A text listing of commands to be compiled or assembled into an executable computer program.If it is not included with the software sold to the public, source code is protected by trade secret laws as well as copyright and patent laws.SOURCE CODE, Black's Law Dictionary (9th ed. 2009)
I interpret (from experience) micromanagement to account for every moment of your time on the clock for an employer and daily assessments and heightened pressure to produce. In the legal world it is counterproductive.
The Most Used and Abused: PCI (Payment Card Information)
Part II PCI-DSS (PCI Data Security Standard)
With the onset of Sarbanes-Oxley (SOX 2002) and Dodd-Frank (2010), regulations, best practices and regulatory compliance are forcing businesses to step up and take responsibility for the information they are entrusted with. The standards by which your PCI is maintained, preserved and secured is set forth by a council made up of various payment card brands. The founding payment...