Risk

With an emphasis on attracting, retaining and motivating the best employees, a total compensation approach is crucial for organizational success given the dynamics of today’s workforce – but this approach is not without its risks. Elliot Dinkin discusses the possible rewards and what to be aware of. Unemployment in the United States is now at an 18-year low – no...

Reputation has always been a catalyst for company success, but the attention it now demands in our culture is of a critical nature as a driver of competent risk management. Still, it is being undervalued in practice. Michael Toebe discusses the disconnect. Follow the media closely; shortcomings are more frequent than you might imagine. New research is also providing evidence...

PwC has just published the 2020 Global Risk Study, compiling insights from risk management, compliance and internal audit professionals to better understand how the risk function at large can succeed in today’s interconnected, 4IR technology-driven and increasingly complex risk landscape. The study revealed some of the most common challenges executives are facing, including: Organizations moving and connecting faster than the risk...

Leaders of organizations of virtually every size, industry and geographic location are reminded all too frequently that they operate in an increasingly risky world. Protiviti’s Jim DeLoach provides an update from the ERM Initiative of the various risks organizations face relative to two years ago. Overall, 1,063 C-level executives and directors participated in this year’s global study, with 39 percent...

Discover how to build a forward-looking, integrated risk framework that can help you identify "unknown-unknowns" by understanding how various emerging and existing risks intersect with each other. This whitepaper from MetricStream provides: A framework that brings together diverse and dispersed risks, providing a means to understand the intersections between these risks An analysis of how to build an adaptive program...

It’s critical for small business owners to minimize exposure and risk; for SMBs, a single ethical or regulatory violation can be catastrophic financially and reputationally. ComplianceLine’s Giovanni Gallo provides guidance for SMBs on how to minimize those risks. Many small to medium businesses (SMBs) are tempted to not deal with compliance and risk management until they’re forced to. They don’t...

FTI Consulting Survey Finds Business Resilience Remains Low Despite Persistent Risks As executives continue to confront cybersecurity, financial crime and regulatory threats in 2020, companies remain largely unprepared for events that can impact revenue, valuation and reputation, according to a new survey released at the World Economic Forum in Davos, Switzerland. The "FTI Consulting Resilience Barometer 2020," a survey of more...

For decades, arcane discussions on technical debt have occurred within the ranks of IT, with little engagement from executive management and the board. As Protiviti’s Jim DeLoach explains, today, directors and executives have no choice. They must increase their awareness and understanding of this issue and its impact on the company. Technical debt can be a formidable barrier to sustaining...

With fresh corporate scandals in the news seemingly every day, enterprise risk management is growing in importance for organization leadership – and rightly so. LogicGate CEO Matt Kunkel discusses what he foresees for ERM in the year ahead. The global market for enterprise risk management is growing as organizations increasingly prioritize their risk mitigation strategies. Because data breaches are becoming...

RumbergerKirk’s Pete Tepley and Meredith Lees highlight litigation risks posed by the SEC’s Regulation Best Interest (Reg-BI), litigation risks that may arise from Reg-BI’s care and compliance obligations and best practices to mitigate those risks. By looking beyond Reg-BI’s June 30, 2020 compliance date to some of the litigation risks posed by Reg-BI, this article addresses: The possible litigation risks...

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...