At times, it is appropriate to step back and reflect on why ERM fails. Below Protiviti’s Jim DeLoach explores 10 common risk management mistakes and how they can be avoided.
An Audit Of Internal Audit — Time To Upgrade
Grant Thornton’s Warren Stippich outlines important factors and initiatives needed to advance the internal audit function.
Ignorance Is Not Bliss: Using D&O Insurance Applications to get to Corporate Compliance
Corporate compliance is nothing new. However, for smaller companies, the process of establishing a corporate compliance program may seem daunting, and keeping it current may seem impossible. We suggest that applications for directors & officers (D&O) insurance are a good place to start.
Raising the Bar: Integrating Internal Controls in a Tough Defense Environment
As part of the Compliance Done Right series that spotlights those corporations and compliance teams and professionals that are doing something right, here is a case study on how BAE Systems integrated internal controls.
Steps to Prepare for a Focused and Reinvigorated SEC
Experts that helped investigate the SEC share steps for your company should take to prepare for the SEC’s reinvigorated risk-based targeted examination process.
Sharing the Load on Compliance Risk…and Changing Mindsets Along The Way
May 3, 2012 by 1 Comment
As compliance challenges continue to emerge and develop, the bond between the governance and executive bodies is evolving in parallel. The conversation no longer centers on “do we have a compliance or risk management program,” rather it hinges on agreement about key performance measures of the program and empowering leaders in the organization and their employees to share in the ownership of the continuous management of compliance risk.
The Board of Directors & Compliance: 4 Ideas for Improving the Effectiveness of & Reducing the Risk to Directors
A number of high profile corporate scandals at some large and supposedly sophisticated companies have, if nothing else, driven home the fact that no matter how strong you think your corporate compliance and ethics program is, the risk of failure is still there. This month I want to look at this issue from the standpoint [...]
Boards of Directors: Doing Just Half the Job
A great deal has been written about the shortcomings of corporations, with fingers pointed in all directions. Often, the failure is not one of operating performance. In fact, successful near-term operating performance may be masking the greater failure: not building long-term, sustainable value that adds jobs, creates wealth at all stages of the value chain and addresses real challenges confronting society.
The Board’s Evolving Role in Corporate Compliance
Effective corporate compliance programs require significant board involvement and a corporate culture where compliance is actively promoted and publicly rewarded by the board and senior management.
New Risk Management Solutions
In the face of a recent campaign for better corporate governance being conducted with fierce efficiency by the Securities Exchange Commission (SEC) and the Department of Justice (DOJ), many companies have had to dole out massive expenditures on conducting internal investigations into potential Foreign Corrupt Practices Act (FCPA) violations, a trend which is only anticipated [...]
