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.

world bank offices new york

Insiders Warn: Governments Are Clueless About the Money Laundering Risks They Face

National risk assessments (NRA) are the apparatuses used by nations to assess their exposure to threats such as financial fraud and money laundering. The World Bank has just released a report on the state of NRAs suggesting others need to learn from the practices of eight “advanced countries.” Anonymous authors plus their confidently on-the-record editor — an insider with vast...

rams fighting

When Rights Collide: How to Respond — Legally, Ethically and Rationally — to Whistleblower Demands

A whistleblower alleges corrupt treatment by your company and demands payment or else they’re heading for the authorities. You aren’t aware of any wrongdoing and will need to investigate, but regardless, the clock is already ticking. Kevin Griffith, co-chair of the Whistleblowing, Compliance and Investigations Practice Group at Littler, offers a quick response plan.

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Best Way to Navigate the Climate Disclosures Movement? Listen to the Institutional Investors Driving the Conversation.

Intense focus on the environmental prong of ESG is being driven by a constellation of private actors. Institutional investors, in particular, are making their voices heard through the 2022 proxy season by urging companies to demonstrate meaningful progress on climate and environmental sustainability. And in fact, many companies are already doing so in an effort to distinguish themselves in the...

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SEC is Poised to Clear the Air on ESG Reporting. That Means Your Company Has Less Than Six Months to Prepare.

Standardized rule-making on climate disclosures has lagged in the U.S. But no more. Observers like Karen Alonardo of NAVEX Global expect the SEC’s proposed rule to be adopted later this year. Alonardo shares insight into the proposal here, highlighting what companies must do to prepare for heightened disclosure requirements. For years, investors have sought information related to environmental emissions and...

Q&A: Have You or Will You Be Sanctioned? How Will You Know? The Russia-Ukraine Conflict Introduces Remarkable and Continuously Evolving Risks

Q&A: Have You or Will You Be Sanctioned? How Will You Know? The Russia-Ukraine Conflict Introduces Remarkable and Continuously Evolving Risks

Sanctions against Russian oligarchs and key businesses are unprecedented across at least two key dimensions: (1) The scale: Russia is a major economic power, so its financial tentacles are widespread; and (2) The speed: prior sanctions against countries like Iran or Cuba were enacted over months and years; Russian sanctions took hold in a matter of weeks. To help companies...

In Case of Fire, Break Glass: Be Prepared for Recessionary Times Using 12-Step Contingency Plan

In Case of Fire, Break Glass: Be Prepared for Recessionary Times Using 12-Step Contingency Plan

For many industries and companies, 2022 was expected to be a time for recovery and renewal. While the war in Ukraine further stresses an already strained economy, few observers currently envision a recession. Nonetheless, as companies pursue today’s market opportunities, Protiviti’s Jim DeLoach explains how they must also evaluate their contingency plans for dealing with varying degrees of potential economic...

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Resiliency Will Be a Key Differentiator Over the Next Decade

According to a recent global survey, company leaders and directors predict a disruptive decade lies ahead. That is why organizational resiliency is the game successful companies play to win. Those that manage to adapt and remain agile, while maintaining culture and core principles, will hold an edge on competition over the next 10 years. Protiviti and NC State University’s ERM...

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Banking the Unbanked Carries Risk (That AI Modeling Can Mitigate)

Increasing financial inclusion can advance numerous UN Sustainable Development Goals and improve equity worldwide. But doing so is risky for banks, and customers with no financial history may face high interest rates regardless. Though AI can be biased, Anand Pandey argues that the benefits of using predictive machine learning to determine credit risk outweigh the dangers.  Banking regulators have set...

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