Indian rupee currency

Disruptive Policy Innovation Against Corruption

Posted by - March 15, 2017
India’s government decided in November to demonetize 86 percent of its currency in order to fight corruption. As the country moves toward a cashless economy, risks around the black market, cash stashing and tax evasion will plummet. But anti-corruption legislation only goes so far; a change in social behavior is…
ISO certification logo

ISO 37001: Anti-Bribery Management Systems

Posted by - March 6, 2017
ISO 37001 specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system. There is, of course, good cause for businesses in India to adopt the new standard, but it’s likely that there will be some staunch opposition to the change.
improving risk management for better governance and more

Why Improve Risk Management?

Posted by - October 12, 2016
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…
Minimizing risk by assessing culture and governance

The Value of Auditing Corporate Culture

Posted by - September 21, 2016
The profession of internal audit is evolving. Its role within organizations across the globe is expanding to address the changing risks companies are now facing and provide assurance regarding board members’ biggest concerns. This article addresses the importance of paying close attention to corporate culture.
Ineffective governance can breed an unethical culture

When Purported Corporate Values Fail to Align with Actions

Posted by - September 8, 2016
The outrageous price gouging of Mylan’s Epi{en is a classic example of a business’s false public face masking corporate greed. That it’s unethical is no question. Rather than executives looking out for their own best interests, they should be watching out for the best interests and well-being of their employees,…

Resilient, Episode 2: Eric Pillmore on Rebuilding Trust

Posted by - September 6, 2016
Most people run away from a fire. Eric Pillmore ran toward one, joining Tyco International just after larceny charges were filed against the CEO and CFO in 2002. As the senior vice president of corporate governance, Eric assisted with the turnaround of the company, including discovering the root causes that…
Risks and compliance challenges with BYOP

The Siren Song of Social Media

Posted by - June 10, 2016
At the heart of the compliance focus with social media channels is the balance between personal and business orientation for each of the various channels – namely LinkedIn, Twitter, and Facebook. The potential co-mingling of personal and business content as a result of using the same social media channel and…
Is your organization threatened by one of these five common risk management failures?

5 Common Risk Management Failures

Posted by - April 1, 2016
It’s easy to identify in hindsight where risk management failed, and taking a look at past ERM failures can actually provide great insight into what went wrong and why. Jim DeLoach offers insight into some of the lapses in risk management companies experience most frequently – along with indicators you…

4 Ways Boards Can Strengthen Cybersecurity

Posted by - November 4, 2015
Although well aware of the threat posed by hackers and organized cybercriminals, an alarming number of Boards are not actively challenging management’s cybersecurity efforts. Often, Board members simply don’t know how to proceed. However, there are concrete actions that Directors can take immediately to carry out their governance duties and…

Does Every Board Need an Activist?

Posted by - September 2, 2015
Governance expert Paula Loop has worked with scores of CEOs over the years, and in her experience, many belong to one of two schools of thought when it comes to activist Board members. There are those that feel Board members experienced in the industry trump any activist and those that…

Does Your Company Need a Sterile Cockpit?

Posted by - August 14, 2014
Leaders ought to be accessible to their staff, though not necessarily at all times. In fact, they may be more effective and get more accomplished if they unplug the phone, turn off email notifications and shut the door now and then. Like airline pilots, executives need to be able to…

Why Active Risk Management Is Essential For Boards of Directors

Posted by - July 17, 2014
Boards of Directors have traditionally been held liable for overseeing risk management and mitigation, but given the speed at which crisis and scandal travels these days, it makes sense for Boards to play an even more active role, from determining risk tolerance to keeping an eye on known risks and…