Risk

At any given time on earth, an estimated 25 million people are forced to work against their will. The human rights atrocities alleged in China’s Xinjiang Uyghur Autonomous Region have rightly generated outrage and political action. New laws coming into effect in the U.S. this year and Europe next year aim to strip the global supply chain of products made...

Smart firms are investing in ESG programs not just to showcase their cultural bona fides but to appeal to consumers and employees. But these programs can also heighten regulatory and reputational risk. Let’s explore some lessons ESG leaders could take from anti-bribery and anti-corruption probes. FTI Consulting’s Beth Jones, Brian Ong, Edith Wong and Michael Cullen co-authored this article. As...

Turning the tide against gun violence requires new thinking. Risk management professional Judy Analco shares a possible solution, taking a page from corporate America. In a small Chicago suburb, America’s 246th birthday party was juxtaposed with a mass shooting. Like most, I was gutted at the prospect of witnessing the inconceivable pain of yet another group of innocents and learning...

The full extent of the war’s impact on assets and business continuity is unknown, but the time to manage elevated corporate security risk is now. Ontic’s Chuck Randolph outlines current threats while urging cross-organizational teams to come to the table for conversations about risk. Since the Cold War, military conflicts have usually been regional disputes, often involving smaller nations. And...

In the zoo of risk, there are many kinds of animals to see in the normal course of managing a business day-to-day. There are also creatures we do not want to see — disruptive risks that we know we will inevitably cross paths with no matter what we do. If we have learned anything in recent years, it is that...

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...

Good GRC requires data. But just how current and reliable is it? Most businesses are producing something less than “fresh bread,” argue Paresh Chiney and Charles Soha of StoneTurn. From this perspective, they present their recipe for enhancing compliance and risk management.

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.

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...

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...

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...

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...