Risk

Where does the board’s role begin and end regarding risk? A company's core objective is to create and increase wealth for its shareholders.

Here's a list of 25 reasons that risk management failure happens, based on experience assisting boards, including boards that have failed and boards that cannot afford to fail.

Advancing ethical corporate cultures starts with designing effective education programs that promote awareness, impart knowledge, and breed an organizational sense of ownership and responsibility around business conduct.

While some may disagree with my point of view, I am confident most will agree that the potential for disruptive change in the marketplace makes the above task very important.

While the goal of thinking holistically is laudable, the question arises as to what it means from a practical standpoint. DeLoach offers insights - and ways to put the approach into practice.

There are lessons to be learned from recent cases to guide how companies approach the idea of commissioning outside reports and internal investigations to address potential crisis situations...

for some companies, the new guidance — and the linkages to an existing strategic planning process it requires — can substantially change how they manage their business, create operational efficiencies and even boost profitability.

Many efforts to implement ERM are unfocused, severely resourced constrained, and pushed down so far into the organization that it is difficult to establish relevance. The near-term results are “starts and stops” and ceaseless discussions to understand the objective.

Rather than segregating risk management responsibilities into their own silo, making them the purview of only a select few, companies would benefit greatly from an integrated approach in which every person in the organization is responsible to some extent in managing risk. Jim DeLoach presents a method involving five distinct lines of defense. Read on for details.

Risk management cannot possibly go well when the parties involved aren't speaking the same (risk) language. Minimize misunderstandings by making sure that everyone involved is operating from the same framework when it comes to uncertainty in environment, process and information for decision making. Jim DeLoach breaks down for us exactly what that means.

Companies doing business internationally face a great deal of risks and challenges. This article explores the necessity of accounting for employees' health and safety while they travel abroad. Having international insurance coverage may not be enough. Here, Mike Kelly addresses ways to reduce travel risk and ensure your staff are protected both stateside and overseas.

There are a myriad of risks to take into account when doing business abroad. Multinationals necessarily face a broader range of risks than smaller organizations do, therefore their risk management practices must be more robust. They must continually assess political landscapes, trends in similar countries and exposure to confiscation, among other concerns.