Risk

Risk refers to threats an organization faces -- loss of earnings, loss of reputation, or harm of any kind.  These articles explore the challenges of preventing, identifying and mitigating risk. Risk can come in many forms, including financial issues, legal liabilities, strategic or leadership errors, or accidents and natural disasters. Today,  IT- and data-related risks are growing concerns. The following articles about risk look at the issue from many angles, especially from that of compliance officers and risk managers.

Preventing risk management failures

12 Reasons Risk Management Fails

Inappropriate risk management implementation leads to project failure; this article discusses the major reasons and possible solutions associated with those failures. Preventing ERM failures involves adopting an internationally recognized standard such as ISO 31000, which is built on the most relevant best-practice scenarios from organizations worldwide and is general enough to reduce or eliminate bias.

Compliance challenges abound when third-party vendors have offshore ties

Risky Business

There is an increasing use of offshore jurisdictions by third-party vendors to elude taxes and hide illegal or unethical conduct, including bribes and kickbacks. When a vendor has offshore ties, there’s the possibility of compliance problems. Learn the three steps to take to reduce risk.

improving risk management for better governance and more

Why Improve Risk Management?

Enhancing any key business function is a wise decision, but risk management is particularly critical. Driving continuous improvement there could make your organization more agile and better prepared to manage surprises. And it could position the firm as an industry pacesetter. Jim DeLoach makes a strong case for improving enterprise risk management.

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