Risk

Driving Down Risk, From the Cubicle to the C-Suite Effective employee engagement and reporting is key to accountability and effective risk management. So why are we not paying more attention to how today's workforce prefers to communicate? with co-author Jay R. Taylor, CEO of EagleNext Advisors We are entering an era in which seemingly every decision made by managers of...

How Best to Leverage Your Compliance Program The risk of encountering forced labor practices is compounded as companies engage with third, fourth and fifth parties, yet many fail to investigate the full scope of their supply chain’s practices. The best solution is to put boots on the ground, but that’s quite expensive, and there are a lot of companies that...

Data Security and Technology Top the List AlixPartners recently surveyed more than 200 executives worldwide and found that the majority consider data security a major concern. And most of those organizations are taking proactive measures to protect against data breaches. Louis Dudney details findings from the AlixPartners latest poll. Corporate legal and compliance executives have always had their hands full,...

with co-author Chris Matlock Making the Investment to Shift Risk Culture Risk culture, though difficult to define, is one of the most mentioned topics by Fortune 500 executives and for regulators across several industries. However, despite this visibility in quarterly calls, creating, measuring and influencing risk culture continues to defy easy answers for organizations. Yet – as Matt Shinkman and...

A recent survey of director and C-level executives divulged the risks that their organizations face in the upcoming year. The top ten common risk themes are ranked in order of priority below.

Transformational market trends are driving the convergence of Governance, Risk and Compliance (GRC) and eDiscovery.  Before documents and data become evidence in litigation, they are already accessible within a company’s vast data repository as a risk. Having an early warning risk smoke detector to discover issues before they engulf an organization’s bottom line and reputation is the future of just-in-time...

What are the key elements of the risk management process? It's a great question -- and an important one -- since crafting an effective risk management program protects a company's reputation and can even give it a competitive edge in the marketplace. Like any other worthwhile business activity, risk management requires a process with a clear purpose, reliable inputs, well-designed...

U.S. businesses can now hire any number of drone-operating vendors to help them do inspections, filming, testing, spraying and more. This creates tremendous efficiencies and can save lives. However, with respect to compliance and risk-management, hiring third-party drone services creates questions that merit careful consideration. In this column, veteran aviation attorney Mark A. Dombroff discusses some of the risks and...

Given there is no one-size-fits-all solution for risk and a risk management function, how risk is governed varies across industries and organizations. But there are five interrelated principles that underlie effective risk management within organizations in both good times and bad – integrity to the discipline of risk management, constructive board engagement, effective risk positioning, strong risk culture and appropriate...

Privacy officers spend so much of their time putting out fires and focusing on operational activities, that they don’t have time to see the trends (and accompanying risks) that are around the corner. Brian Lee and Stephanie Quaranta outline three major risk themes and ten emerging risks that privacy and compliance officers should be aware of heading into 2018.

The shadow IT phenomenon—in which employees use their personal technology on the job—looms larger than ever. The latest twist- bring your own software.

The Reality of the New FinCEN CDD Rule The FinCEN Final Rule on Customer Due Diligence (CDD) is designed to improve global corporate transparency in the wake of recent scandals. This new rule will have a significant impact on the requirements of financial institutions and the way in which they enforce risk-based procedures. In just under seven months’ time, U.S....