GRC Report Staff

The Canadian Securities Administrators (CSA) announced recently that it’s temporarily pressing pause on two highly anticipated projects: the development of mandatory climate-related disclosure rules and changes to diversity-related disclosure requirements. The decision, which comes at a time of mounting geopolitical and economic uncertainty, signals the CSA’s focus on supporting Canadian businesses as they navigate the fast-moving, sometimes turbulent, regulatory landscape.

Cybersecurity is no longer just an IT problem, it’s a business problem. And yet, despite all the headlines and constant warnings, a concerning gap remains between the leaders of organizations and the people tasked with defending them from cyber threats. New research from Ernst & Young LLP (EY) has uncovered this alarming disconnect, revealing how the divide between C-suite executives and Chief Information Security Officers (CISOs) is putting organizations at risk.

Vault Medical Services has agreed to pay $8 million to resolve allegations that the company violated the False Claims Act by submitting fraudulent claims to the HRSA COVID-19 Uninsured Program. This program was meant to assist uninsured individuals with testing, treatment, and vaccines during the pandemic.

The European Data Protection Board (EDPB) has released its 2024 Annual Report, showcasing the organization’s significant contributions to safeguarding personal data in an evolving digital landscape. The report highlights key milestones, including the adoption of a new strategy, an increase in consistency opinions under the General Data Protection Regulation (GDPR), and continued guidance on emerging issues like AI, facial recognition, and cross-border data transfers.

Three of the country’s major pork producers have agreed to settle a long-running class-action lawsuit over alleged price-fixing, contributing a combined $64 million to resolve claims that they conspired to inflate pork prices. The agreement, filed in federal court in Minnesota this week, brings the total recovery in the case to over $180 million and adds a new chapter to one of the largest antitrust battles in the food industry.

Two companies operating a wood treatment facility in Eugene, Oregon, along with their president, have been sentenced for repeated environmental violations, including boiling hazardous waste and venting the pollutants directly into the air. A federal judge ordered J.H. Baxter & Co. Inc., its California-based counterpart J.H. Baxter & Co., and their president Georgia Baxter-Krause to pay a combined $1.5 million in criminal fines.

Artificial Intelligence (AI) is no longer a distant promise, it’s here, and it’s making waves across businesses of all kinds. A recent survey by KPMG gives us a peek into how top executives are thinking about the role of AI in shaping their companies' futures. The KPMG AI Quarterly Pulse Survey, conducted from February 25 to March 21, 2025, reached out to 100 business leaders from organizations with $1 billion or more in annual revenue. These leaders aren’t just making decisions for today, they’re laying the groundwork for the future of AI in business.