Every organization’s risk profile has changed because of the current crisis. Companies that have not performed a risk assessment since the pandemic started are already behind the curve. True Office Learning CEO Neha Gupta offers recommendations for commanding control of new risks while preparing for the future. The COVID-19 crisis has exacted a terrible human and economic toll in a...
How can compliance programs support their firm’s recovery from COVID-19? Kroll’s Daniel Hartnett suggests that due diligence best practices can help compliance officers assist their firm’s efforts to rebuild the global supply chain network in a likely environment of “doing more with less.” The COVID-19 pandemic is altering global supply chains in ways that will not be recognizable when compared...
With $43 trillion moving across the network each year, ACH payments are a powerful option for businesses looking to move money in a cost-effective way. Dwolla’s Jenn Redlich offers advice on recognizing and mitigating fraud risk in this area. In today’s world, efficiency is everything. Companies are tired of lengthy processes, pricey fees and outdated methods for payment transfers. Businesses...
Now more than ever, it is crucial for businesses to prepare for multiple dimensions of COVID-19-related risk. MetricStream’s Executive Chairman Gunjan Sinha outlines the key areas where leaders should focus to guide their companies. As we move through 2020, the COVID-19 pandemic caused by the novel coronavirus continues to cripple global business with more than 2 million people globally contracting...
The Morrison & Foerster Technology Transactions group continues its discussion around contractual nonperformance during the COVID-19 pandemic, covering considerations including anticipatory repudiation, common law doctrines and legal considerations abroad. Anticipatory Repudiation A party’s anticipatory repudiation (also called anticipatory breach) might also serve to discharge the other party’s contractual obligations under a commercial contract. In the U.S., particularly in the context...
Members of the Morrison & Foerster Technology Transactions group offer practical guidance on how to manage and mitigate risk as the COVID-19 pandemic interrupts operations and impacts performance. The first installment in this two-part series explores using the force majeure clause in adjusting performance expectations. When disaster strikes, technology supply chains and services are disrupted. The novel coronavirus (COVID-19) pandemic...
Most businesses are altering operations to adapt to challenges presented by COVID-19. Oversight mined data across multiple industries and assessed the impact to help support spend management efforts. Download the report for the findings as we all work to navigate the now and prepare for the next normal. Coverage includes: The Impact on Card Spend Shifts in Spend Activity Risk Areas to...
Passage of the CARES Act means that $2 trillion in federal loans and grants is being issued. Federal funds come with associated responsibilities for the recipient, which create potential criminal and civil liability if not properly handled. A team from Nixon Peabody details key considerations for businesses. On March 27, 2020, the President signed into law the Coronavirus, Aid, Relief,...
These are uncertain times, but epidemiologist and coronavirus prep and risk management expert Roslyn Stone discusses steps C-suite leaders and boards of directors should be taking now to minimize risk and communicate effectively amid the COVID-19 crisis. It’s a tough time to be a CEO or board member. While boards are focused on the long-term success of the organization and...
Supply chain disruptions resulting from the coronavirus have brought countless international corporations low. Hitendra Chaturvedi, a professor of supply chain management, discusses what may come from these significant disruptions. The coronavirus has disrupted U.S. companies in many ways, and nearly three-fourths of them have seen their supply chain significantly affected. While China has begun slowly reopening as the number of coronavirus...
From augmented analytics to financial transformations and a broader view of risk, Oversight Systems CEO Terrance McCrossan offers predictions on the risk trends we can look for in the months ahead. At the beginning of 2020, we could not have imagined our world gripped by a pandemic with far-reaching effects into our lives and economies. Many of the old rules...
Shared Assessments, leaders in third-party risk management and assessment, has issued new guidelines for organizations conducting mergers and acquisitions. The whitepaper provides new best practices for innovators, investment banking, venture, C-Suite, board of directors and risk management communities. TPRM practices are ideally suited to enhancing M&A outcomes. By applying TPRM best practices, a wider range of risks deeper in the supply chain...
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