August 2004
A monthly summary of articles published on gcglaw.com
of interest to our clients.
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Gallagher, Callahan & Gartrell's
Business & Law Review
EMPLOYMENT LAW: FOCUS ON NEW DOL RULES
DOL changes to FLSA "white collar"
exemptions (effective August 23) require employers to review
designation of employees as exempt/non-exempt.
Just when you think you've got COBRA figured out, it changes.
Here's gcglaw's popular article highlighting employers most
frequently asked questions — updated with the latest DOL
changes.
FINANCIAL SERVICES
Will convergence of Sarbanes-Oxley, homeland protection legislation,
and risk-focused compliance regulation drive community banks
out of business? Not if community bankers and bank regulators
quickly adapt their operations to this dangerous new regulatory
environment.
New regulatory trends and "effective compliance" create
urgency for bank management to educate and realign their boards
to increase knowledge of compliance systems and risk management.
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