Risk

Social mobs love “cancelling” people. What drives some to pile on, and what can organizations do to effectively manage a crisis if and when one arises? Risk expert Michael Toebe provides a game plan. Social media is a powerful voice in society, whether led by media, people of high influence in different professions or in the court of public opinion....

Considering unpredictable markets, myriad uncertainties and unprecedented market opportunities, how should the board and executives engage with respect to the organization’s risk appetite? Protiviti's Jim DeLoach offers sage wisdom. In 2017, the National Association of Corporate Directors (NACD) Advisory Council on Risk Oversight released a publication based on input obtained from a meeting with risk and audit committee chairs from...

On a long enough timeline, every system needs reworking to avoid failure. Gary Patterson and Robert Barker share how even the most steadfast brands can experience serious hiccups if they focus on the wrong thing. Every board of directors should include an independent review of corporate culture as part of its enterprise risk management process. As the story below notes,...

Do corporate execs and legal counsel truly understand the role news media plays in establishing the narrative about fault and consequences when a scandal arises? Michael Toebe offers guidance on responding well. How significant a crisis may become with all stakeholders may have more to do with how it’s interpreted by the media and presented by it than what actually...

Christopher Magno, Terrance McCue and Michael Gordon discuss the pervasive yet elusive concept of bias, offering guidance on how to spot common biases and useful tips on mitigating their effects on your risk assessments. While we as compliance specialists, attorneys and risk professionals typically try to end the year with a healthy dose of holiday cheer, this merriment is often...

The five pillars of the cognitive risk framework (CRF) are designed to provide a 3D view of enterprise risks. James Bone details here additional levers of risk governance in the final three pillars of the CRF. In earlier installments, James discussed the first pillar of the Cognitive Risk Framework (CRF), cognitive governance; the five principles undergirding cognitive governance; and the...

Generation Z is poised to comprise nearly a quarter of the global workforce – and they’ll shortly become the first line of defense for most organizations. MetricStream COO Gaurav Kapoor discusses some unique attributes, expectations and risks associated with Gen Z. As Generation Z starts to enter the workforce, it will shortly make up almost a quarter of the global...

G4S’ Rachelle Loyear points to several risk data points from ISACA’s recent State of Enterprise Risk Management survey, offers tactics to improve risk mitigation efforts and shares tips for learning from past industry trends. If you keep tabs on trends in cybersecurity, you’ll have noticed a lot of stories in the last year or two focusing on the Industry 4.0...

If you think retooling your website to be fully accessible is cost prohibitive, consider the cost of noncompliance. Deque Systems CEO Preety Kumar explores what a lack of accessibility can cost an organization. Legal action taken against companies for having websites, mobile apps and docs that aren’t accessible to those who are visually, hearing or cognitively impaired and more has...

How should you plan your post-acquisition merger strategy? Jay Rosen continues his series on monitoring in an M&A context with this exploration of how to strategize the merger following an acquisition. To plan your post-acquisition merger strategy, first you should start with the Department of Justice (DOJ) and the information contained in various resolution documents on the DOJ’s website. These...

The court of public opinion often moves faster and perhaps more harshly than most courts of law. That's why The Red Flag Group surveyed business decision makers against 20 compelling questions to determine the importance of protecting reputation. The results? Interesting trends emerged here, as did the best practices that today's successful organizations are using to protect themselves from internal...

Gartner’s Matt Shinkman discusses a sound strategy to increase executive urgency to address exposure to emerging risks, including building agreement on risk impact and presenting leadership with solution options. Gartner research suggests that 90 percent of risk leaders believe their companies need to act faster to get ahead of emerging risks. “Emerging risk” is defined as “a risk that does...