corporate risk management

A Strong Risk Management Culture: A “Mission Critical” Compliance Issue for Corporate Boards

The financial crisis exposed a multitude of risk management failures. At too many firms, risks were ignored, misjudged or misrepresented. Rosy scenarios and perverse incentives created risks that were catastrophic when the music stopped. Where the board’s responsibility for risk management ends is anyone’s guess, but where the board’s responsibility for risk management begins is clear – the board must ...

Keys To Success When Mitigating Identified Compliance and Ethics Risks

Compliance and ethics risk assessment in the broad sense can be thought of as having three elements to it: risk identification, analysis and mitigation. The first two of these tend to be conceptually more challenging than the third, and perhaps for this reason generally receive more attention than it does. Yet failure to mitigate risks that have been identified ...