HBO’s Game of Thrones is a pretty accurate portrait of the corrupting nature of power. The higher up the corporate ladder one gets, the greater the danger of “agency risk,” or the propensity to pursue what’s best for number one, and not so much for the stakeholders or the organization as a whole. What can businesses do ...
If the CRO or risk leader is to be effective and successful in the organization, he must be given full access to the Board, participate in high-level discussions and strategy setting and seen as an equal to the other C-Suite leaders or executives. The company and its leadership must appear to value the risk management function and enable ...
The data breach at Target last November has been widely publicized and widely criticized. The corporation was aware of intrusions in its software, but failed to respond. And the results for the company – one of the nation’s largest retailers – have been disastrous, as evidenced by the tens of millions of dollars the company has already ...
SOX compliance is now a routine process for most companies. How can we then explain the rapidly growing number of restatements and recognition complaints when companies certify they are in compliance? Author Mark Alexander asks compelling questions. Can your organization provide good answers?
An effective compliance program can protect a company from criminal indictment -- and generate bottom-line results.
Many industry experts, professional services firms, private equity firms and corporate acquirers believe 2014 will be a busy year for mergers and acquisitions.
Harassment and discrimination issues can lead to millions of dollars in losses for an organization. In fact, the Equal Employment Opportunity Commissions (EEOC) obtained the highest amount of monetary recoveries in agency history in 2013, despite the overall number of harassment and discrimination charges decreasing from 2012.
As our world becomes more and more electronic and individuals become more accustomed to paying for goods and services with the swipe of a plastic card, both employers and employees are becoming attracted to pay cards.
Damage to the company’s reputation. The costs of replacing employees who did not have the qualifications stated on their resumes. Risk to the safety and security of fellow employees and customers. These are just some of the many problems that can arise if a company hires the wrong candidates.
Many companies have adopted a risk language to facilitate dialogue within the organization regarding their risks. While we are not aware of an authoritative risk language or model, there are a number of risk models in the public domain that can be useful to ensure the completeness of the event categorization and risk assessment processes.