Whitepapers

Not a Siren’s Song

Not a Siren’s Song

Foster Wheeler has recently settled a long-standing corruption investigation regarding the use of Unaoil to pay bribes to secure business. Tom Fox details the corruption allegations and outlines takeaways for the compliance practitioner, specifically around the FCPA penalties the company incurred, the internal controls (or, rather, the lack thereof) that allowed the corruption to fester...

TrustArc: 2021 Global Privacy Benchmarks Report

TrustArc: 2021 Global Privacy Benchmarks Report

TrustArc, the leader in data privacy management and automation has released its 2021 TrustArc Global Privacy Benchmarks Report. Now in its second year, the report highlights how companies’ priorities and strategic approaches to data privacy and security are evolving and what their top challenges in privacy management and compliance readiness are. Key findings from the...

Kearney: The Gender Equality Dilemma

Kearney: The Gender Equality Dilemma

With the global pandemic and a record-breaking year for women in public leadership positions in the U.S., what is the state of global gender representation? Global management consultant Kearney addresses this in their latest gender equity report, The Gender Equality Dilemma, compiled from research examining gender representation across public and private sectors. This year’s study is the fourth annual report and has...

Thomson Reuters: Cost of Compliance 2021

Thomson Reuters: Cost of Compliance 2021

Thomson Reuters has released its 2021 Report on the Cost of Compliance, finding that radical change may well emerge from post-pandemic reviews of and by financial regulators. With some financial services firms changing strategic direction, the report highlights a need to support wider cultural, operational and staffing requirements through future investment and resources. While the...

Deloitte’s Board Practices Quarterly: Cyber Oversight

Deloitte’s Board Practices Quarterly: Cyber Oversight

Deloitte and the Society for Corporate Governance have published the newest Board Practices Quarterly, with this issue exploring how corporate boards oversee cybersecurity and cyber risk — including matters relating to board composition and structure, management’s reporting to the board, board information sources and shareholder engagement — as well as voluntary corporate disclosure practices. Key findings include: Cyber...

city skyline

Allianz: Financial Services Risk Trends

Financial institutions and their directors have to navigate a rapidly changing world marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a growing burden of compliance, and the turbulence of COVID-19, according to a new report, "Financial Services Risk Trends: An Insurer’s Perspective," from Allianz Global Corporate &...

PwC: How Boards Can Effectively Govern Cyber Risk

PwC: How Boards Can Effectively Govern Cyber Risk

As companies face a rapidly evolving cyber-threat landscape and proliferating regulations, boards require stronger strategies to address risks. PwC has published its Principles for Board Governance of Cyber Risk in collaboration with The World Economic Forum, National Association of Corporate Directors and Internet Security Alliance to provide leading guidance and best practices for board directors...

Deloitte’s Board Practices Quarterly: 2021 Boardroom Agenda

Deloitte’s Board Practices Quarterly: 2021 Boardroom Agenda

As many companies continue to pivot quickly in response to unanticipated events that unfolded due to the pandemic, board agendas are becoming more complex by the day. The recently released second issue of Board Practices Quarterly – conducted by Deloitte in collaboration with the Society for Corporate Governance – provides an extensive look at some of the key areas and trends...

global map with land masses in green

2021 Global and Regional Trends in Corporate Governance

This year, as in the previous five years, Russell Reynolds Associates interviewed over 40 global institutional and activist investors, pension fund managers, proxy advisors and other corporate governance professionals to identify the corporate governance trends that will impact boards and directors in 2021. This year's trends include: Climate Change Risk Diversity, Equity & Inclusion (DEI)...

Hogan Lovells: Global Bribery and Corruption Outlook 2021

Hogan Lovells: Global Bribery and Corruption Outlook 2021

As we enter 2021 with considerable uncertainty, a new report from Hogan Lovells highlights expectations for a year that will be shaped by ongoing political disruption and pandemic-related pressure. Despite these unpredictable times, Hogan Lovells attorneys have identified several unifying trends across key industries and jurisdictions globally, including: An expectation for continued cross-border enforcement activity...

Boeing Fraud Enforcement Action

Boeing Fraud Enforcement Action

One of the top corporate scandals over the past few years entered its next phase with the settlement by the DOJ with Boeing around its fraud in the certification of its 737 MAX aircraft. Tom Fox offers background (including the company laying blame at the feet of the pilots, despite knowing of flaws in the...

Allianz: Risk Barometer 2021

Allianz: Risk Barometer 2021

A trio of COVID-19 related risks head up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (BI) (41 percent) and pandemic outbreak (40 percent) are this year’s top business risks, with cyber incidents (40 percent) ranking a close third. The annual...

man working on smartphone and laptop

Adverse Media Screening: Relying on Google Alone Can Expose Organizations to Risk

Regulatory agencies around the world emphasize the importance of mitigating risks through adverse media screening. In fact, screening for negative news has become an important component of a comprehensive program to determine the level of risk that customers, prospects and business partners may pose to organizations. But relying solely on free search engine data to...

AICPA: Implications of Blockchain in SOC for Service Organization Examinations

AICPA: Implications of Blockchain in SOC for Service Organization Examinations

The American Institute of CPAs (AICPA) today issued a new whitepaper to help auditors providing SOC for Service Organization (SOC) reports on organizations that have incorporated blockchain into their service delivery systems. The paper examines the skills and competencies auditors need to perform such engagements, the unique features of blockchain, the risks associated with using blockchain, and...

Vitol logo broken in half

The Vitol Enforcement Action

If there was ever a question about energy traders and FCPA risk, a recent FCPA enforcement action against Vitol answers it once and for all. Tom Fox outlines the bribery schemes and corruption in Mexico and Ecuador, as well as the penalties assessed. Interestingly, this action marks the DOJ’s first coordinated FCPA resolution with the...

Protiviti & ISACA: IT Audit Perspectives 2021

Protiviti & ISACA: IT Audit Perspectives 2021

Global consulting firm Protiviti recently released the findings from its latest study, “IT Audit Perspectives: Top Technology Risks in 2021,” which reveals that concerns around security, privacy, cloud and other advanced technologies are being further fueled by the pandemic-induced remote work environment and accelerated deployment of new technologies. The study, conducted in partnership with ISACA, surveyed over 7,400 IT audit...

Intelligize: 2021 Playbook on ESG Shareholder Proposals

Intelligize: 2021 Playbook on ESG Shareholder Proposals

In a tumultuous year in which a global pandemic, a racial justice movement, and a contentious presidential election have gripped the United States, corporate shareholders are engaged in environmental, social and governance issues as never before, according to a new report by Intelligize, the industry-leading provider of corporate compliance management solutions. This ESG-focused playbook from Intelligize...

Allianz: D&O Insurance Insights 2021

Allianz: D&O Insurance Insights 2021

Today Allianz Global Corporate & Specialty has released a new report on the state of the D&O insurance market. D&O Insurance Insights 2021 highlights market challenges and five D&O mega trends facing companies in 2021. Rising insolvency exposures, growing cybersecurity threats and persistent securities class-action activity are among the key risks for which D&Os could be held liable....