Risk
Risk refers to threats an organization faces -- loss of earnings, loss of reputation, or harm of any kind. These articles explore the challenges of preventing, identifying and mitigating risk.
Risk can come in many forms, including financial issues, legal liabilities, strategic or leadership errors, or accidents and natural disasters. Today, IT- and data-related risks are growing concerns.
The following articles about risk look at the issue from many angles, especially from that of compliance officers and risk managers.
When It’s So Broke, You Can’t Fix It: The Decision Not to Do Business in Highly Corrupt Countries
There’s something to be said for correcting issues of corruption, but in some cases the problem is beyond fixing. Corruption in some industries and countries is so pervasive that your organization's best chances of avoiding significant reputational harm and sizeable penalties for regulatory violations lie in simply getting out.
The Light at the End of the Tunnel . . . or Cliff
A few months into its fifth year, the Affordable Care Act remains true to its original set of goals and does not appear to be losing its momentum in its quest to reform health care. Author Craig Garner provides expert analysis of the order's impact on the industry -- and some forecasts for what's to come.
In-House Counsel Lack Resources to Reduce and React to Risks
CHICAGO, May 28, 2014—In-house counsel are dealing with a lack of resources, impacting their ability to proactively reduce and appropriately react to risks, according to Grant Thornton LLP’s 2014 Corporate General Counsel Survey.
Positioning the CRO to Succeed
If the CRO or risk leader is to be effective and successful in the organization, he must be given full access to the Board, participate in high-level discussions and strategy setting and seen as an equal to the other C-Suite leaders or executives. The company and its leadership must appear to value the risk management function and enable the CRO...
Avoiding M&A Disputes: 5 Things You Must Do on Your Next Deal
Many industry experts, professional services firms, private equity firms and corporate acquirers believe 2014 will be a busy year for mergers and acquisitions.
5 Risk Categories for Focusing the Board’s Risk Oversight
Many companies have adopted a risk language to facilitate dialogue within the organization regarding their risks. While we are not aware of an authoritative risk language or model, there are a number of risk models in the public domain that can be useful to ensure the completeness of the event categorization and risk assessment processes.
Risk Assessment – By the Book
Nothing is more important to developing and maintaining an effective C&E program than risk assessment, and effective risk assessment is, as a general matter, perhaps the most daunting task a C&E officer is likely to face.
The Importance of a Risk Assessment
Sometimes people operate with blinders. I don’t mean to suggest that people deliberately put blinders on to ignore issues; they sort of just grow into a person’s personality.
The Risk Appetite Dialogue
Risk levels and uncertainty change significantly over time. Competitors make new and sometimes unexpected moves on the board, new regulatory mandates complicate the picture ...
Technology Trends That Will Impact Risk and Compliance In 2014
Technology developments in many business areas will have strong impacts on important aspects of risk and compliance management in 2014.
Five Factors Often Overlooked When Conducting an Internal Investigation
Whether based on a whistleblower complaint or because you are subject to an inquiry from a governmental agency, a company faced with potential employee misconduct must perform an internal investigation.
10 Ways Board Risk Oversight Can Fail
Risk oversight is a top-of-mind issue for boards because of the expectations spawned by the financial crisis and the unanswered questions around what directors might have, or should have, done to thwart that crisis.
