Non-banking financial institutions must now report data security breaches
Published on Sat, 10/28/2023 - 2:02pm
The Federal Trade Commission (the “FTC”) has just approved an amendment to the Safeguards Rule of the Gramm-Leach-Bliley Act (“GLBA”) pertaining to reporting obligations for motor vehicle dealers for certain data breaches and other security events to the FTC.
In response to a 2021 workplace massacre at the Valley Transportation Authority in San Jose, State Senator Cortese moved to pass legislation that requires employers to implement safety plans to prepare for potential outbreaks of serious workplace violence. Senator Cortese’s work resulted in SB 553 which, after much “give-and-take” in Sacramento, was passed by the Legislature on September 20, 2023 and signed by Governor Gavin Newsom on September 30, 2023.
Employers were overwhelmed with countless obligations during the COVID-19 pandemic, through legislation and emergency standards that focused on the interests of employee safety and wage loss. However, in its recent decision in Corby Kuciemba et al. v. Victory Woodworks Inc., the California Supreme Court drew the line in favor of employers by ruling that employers are not responsible for the spread of COVID-19 to employees’ family members.
The California Supreme Court recently issued its opinion in Raines v. U.S. Healthworks Medical Group, deciding a question from the Ninth Circuit Court of Appeals as to the possible extent of liability for business-entity agents who carry out activities regulated under the California Fair Employment and Housing Act (“FEHA”) on behalf of employers. Under the FEHA, a covered employer includes: “any person acting as an agent of an employer, directly or indirectly.”
It has been officially announced by the California Department of Finance that effective January 1, 2024, California’s minimum wage will increase from $15.50 per hour to $16 per hour for all employers, regardless of size.
A detailed succession plan, decided upon long before it is executed, is not only necessary in a family-owned business, it can also prevent a family-destroying fallout. Scali Rasmussen’s partners share tales from the trenches that prove that point.
Succession planning is about much more than who takes over when a dealer owner dies. It is also about creating the conditions for the next owner or owners’ success. Hugh Robert, a partner and succession advisor at family business succession planning experts The Rawls Group, spoke with Getting to Go! about how The Rawls Group assists families in crafting a succession plan which benefits diverse needs. Below is an edited version of that conversation.