Tag: india

Disruptive Policy Innovation Against Corruption

Posted by Abhishek Bharti - March 15, 2017

India’s government decided in November to demonetize 86 percent of its currency in order to fight corruption. As the country moves toward a cashless economy, risks around the black market, cash stashing and tax evasion will plummet. But anti-corruption legislation only goes so far; a change in social behavior is…

ISO 37001: Anti-Bribery Management Systems

Posted by Sundar Narayanan - March 6, 2017

ISO 37001 specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system. There is, of course, good cause for businesses in India to adopt the new standard, but it’s likely that there will be some staunch opposition to the change.

Why Improve Risk Management?

Posted by Jim DeLoach - October 12, 2016

Enhancing any key business function is a wise decision, but risk management is particularly critical. Driving continuous improvement there could make your organization more agile and better prepared to manage surprises. And it could position the firm as an industry pacesetter. Jim DeLoach makes a strong case for improving enterprise…

The Value of Auditing Corporate Culture

Posted by Justin Gwin - September 21, 2016

The profession of internal audit is evolving. Its role within organizations across the globe is expanding to address the changing risks companies are now facing and provide assurance regarding board members’ biggest concerns. This article addresses the importance of paying close attention to corporate culture.

When Purported Corporate Values Fail to Align with Actions

Posted by Barbara Brooks Kimmel - September 8, 2016

The outrageous price gouging of Mylan’s Epi{en is a classic example of a business’s false public face masking corporate greed. That it’s unethical is no question. Rather than executives looking out for their own best interests, they should be watching out for the best interests and well-being of their employees,…

Resilient, Episode 2: Eric Pillmore on Rebuilding Trust

Posted by Deloitte - September 6, 2016

Most people run away from a fire. Eric Pillmore ran toward one, joining Tyco International just after larceny charges were filed against the CEO and CFO in 2002. As the senior vice president of corporate governance, Eric assisted with the turnaround of the company, including discovering the root causes that…

The Siren Song of Social Media

Posted by Mike Pagani - June 10, 2016

At the heart of the compliance focus with social media channels is the balance between personal and business orientation for each of the various channels – namely LinkedIn, Twitter, and Facebook. The potential co-mingling of personal and business content as a result of using the same social media channel and…

5 Common Risk Management Failures

Posted by Jim DeLoach - April 1, 2016

It’s easy to identify in hindsight where risk management failed, and taking a look at past ERM failures can actually provide great insight into what went wrong and why. Jim DeLoach offers insight into some of the lapses in risk management companies experience most frequently – along with indicators you…

4 Ways Boards Can Strengthen Cybersecurity

Posted by Raj Chaudhary - November 4, 2015

Although well aware of the threat posed by hackers and organized cybercriminals, an alarming number of Boards are not actively challenging management’s cybersecurity efforts. Often, Board members simply don’t know how to proceed. However, there are concrete actions that Directors can take immediately to carry out their governance duties and…

Does Every Board Need an Activist?

Posted by Paula Loop - September 2, 2015

Governance expert Paula Loop has worked with scores of CEOs over the years, and in her experience, many belong to one of two schools of thought when it comes to activist Board members. There are those that feel Board members experienced in the industry trump any activist and those that…

Does Your Company Need a Sterile Cockpit?

Posted by Linda Henman - August 14, 2014

Leaders ought to be accessible to their staff, though not necessarily at all times. In fact, they may be more effective and get more accomplished if they unplug the phone, turn off email notifications and shut the door now and then. Like airline pilots, executives need to be able to…

Why Active Risk Management Is Essential For Boards of Directors

Posted by Amy Flynn - July 17, 2014

Boards of Directors have traditionally been held liable for overseeing risk management and mitigation, but given the speed at which crisis and scandal travels these days, it makes sense for Boards to play an even more active role, from determining risk tolerance to keeping an eye on known risks and…