Cracks in Food Safety Programs Lead to ‘Eggstraordinary’ Recall
Posted on 06-13-2018 by Lisa Thompson

Two-hundred and seven million eggs were recalled on April 13th of this year—the largest such recall in the U.S. in nearly 10 years. By May, another 12 people from 9 states had fallen ill from the tainted eggs, bringing the total to 35 with 11 individuals requiring hospitalization. Major supermarket... Read More

What can companies do to manage bribery and corruption risk better?
Posted on 06-12-2018 by Lisa Thompson

Kathryn Higgs is Director of Transparency International’s Business Integrity Program. Prior to that she was head of ethics and compliance at Tesco and chief compliance officer at Balfour Beatty. In an exclusive interview with LexisNexis, she says that technology has increased the risk of bribery... Read More

What Does Machine Learning Have to Do with Identifying Risk?
Posted on 05-09-2018 by Lisa Thompson

Machine learning is a branch of artificial intelligence whereby computers use algorithms to analyse data to identify patterns and build predictive models. With a minimum of human intervention, the models are automatically adapted to produce increasingly reliable and insightful results as they are exposed... Read More

Regulatory Risk in the U.S.: What Companies Need to Know
Posted on 04-27-2018 by Lisa Thompson

Since its introduction of the Foreign Corrupt Practices Act (FCPA) in 1977, the United States has led the world in efforts to counter bribery and corruption in corporate business that traverses national borders. Now it has gone a full step further with permanent adoption and expansion of its Corporate... Read More

Bribery and Corruption Investigation Highlights 'Foul Play' in College Hoops
Posted on 04-13-2018 by Lisa Thompson

College basketball in the United States is watched by millions and has become lucrative for the universities who compete and the companies who sponsor the teams. But college sport can also carry reputational, legal, and financial risks. We have seen the latest reminder in New York this week, when prosecutors... Read More

What the Lotte Corruption Case Teaches Us About Risk
Posted on 03-05-2018 by Lisa Thompson

Nothing evokes the public and personal perils of high-level corruption more powerfully than photos of the billionaire chairman of a corporate conglomerate being led to a prison bus in handcuffs. Or almost nothing. Images of his 95-year-old wheelchair-bound father, the founder of the conglomerate, leaving... Read More

Lessons Learned: How One Global Economist Evaluates Political and Economic Risk
Posted on 03-02-2018 by Lisa Thompson

For the latest installment of our Q&A series, we spoke with Simon Baptist of the Economist Intelligence Unit (EIU). More than 100 economists and experts at the EIU analyze political and economic risks for some of the world’s biggest companies. As Global Chief Economist and Managing Director... Read More

Rise in Donations Means Universities Need First-Class Due Diligence
Posted on 02-23-2018 by Lisa Thompson

Universities in the United States received a record $43.6 billion in donations from individuals, companies and organisations in 2017. But recent scandals show that universities must not neglect due diligence on the source of these donations. Top marks for university fundraisers 2017 was... Read More

2 in 3 countries have “high corruption burden”: Transparency International
Posted on 02-22-2018 by Lisa Thompson

The world’s most corrupt countries have been revealed in Transparency International’s 2017 Corruption Perceptions Index. The big movers in this year’s index are the UK, whose score has improved by eight points since 2012, and Australia, whose score has fallen by eight. Usual... Read More

Taking Stock: UN World Day of Social Justice and Corporate Social Responsibility
Posted on 02-20-2018 by Lisa Thompson

The relationship between social injustice—and those who turn a blind eye to it—has been recognized by great minds across the ages. “Your silence is consent,” said Plato 24 centuries ago. “He who does not oppose evil, commands it to be done,” said Leonardo Da Vinci... Read More

Six lessons from 2017 FCPA enforcement actions
Posted on 01-11-2018 by Ulyana Androsova

Last year, 11 companies paid just over $1.92 billion to resolve US Foreign Corrupt Practices Act (FCPA) enforcement actions. We take a closer look at the biggest fines and draw out six lessons on how companies should respond to bribery and corruption risks. Fines are getting bigger The total number... Read More

20 years of the Anti-Bribery Convention
Posted on 12-12-2017 by Ulyana Androsova

The Organization for Economic Cooperation and Development’s (OECD) Anti-Bribery Convention was signed on 17 December 1997. It required its member countries to create legislation to make bribing a foreign public official illegal. In this blog, the Head of the OECD’s Anti-Corruption Division... Read More

Tailoring Due Diligence to Support Business Growth
Posted on 12-12-2017 by Ulyana Androsova

In today’s climate terms like ‘due diligence’, ‘being risk averse’ and ‘risk assessment’ might seem like jargon and barriers to productivity, but in reality, addressing third-party risk through onboarding due diligence and risk assessments helps ensure successful... Read More

The Dark Side of Chocolate
Posted on 12-08-2017 by Ulyana Androsova

As the year draws to a close, supermarket shelves are once again groaning with the weight of chocolates that will be sold and gifted in vast quantities globally. With December 9 being Anti-Corruption Day , however, now is the perfect time to ask, “Are the goodies we add to our shopping carts hiding... Read More

Building a Case for PESTLE Risk Monitoring—See Socio-Cultural Risk More Clearly
Posted on 11-06-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring continues with an exploration of the “S”—Socio-cultural—and how it influences supply-chain and third-party risk to global organizations. As organizations become more reliant on complex networks of suppliers and other third parties, the risks... Read More

Building a Case for PESTLE Risk Monitoring—How to Manage Economic Risk More Effectively
Posted on 10-23-2017 by Ulyana Androsova

In the second blog in our series on PESTLE risk monitoring, we look at the “E”—Economic—and the role economic factors play in terms of the supply-chain and third-party risks organizations face. Economics is at the core of every business. Defined as the production, consumption... Read More

Reflections on the increased risk of modern slavery
Posted on 10-23-2017 by Ulyana Androsova

Modern slavery risks have risen across the world over the last year, including in 20 of the 28 member states of the European Union, according to the Modern Slavery Index 2017 , an annual study by Verisk Maplecroft, we look at the increased risks and numbers of victims of forced labor in supply chains... Read More

Building a Case for PESTLE Risk Monitoring—Know the Political Landscape
Posted on 10-19-2017 by Ulyana Androsova

In the first blog in our series on PESTLE risk monitoring, we look at the “P”—Political—and the role political factors play in terms of the supply-chain and third-party risks organizations face. If 2016 taught us nothing else, it certainly demonstrated that the global political... Read More

Headlines highlight the reputational and financial risks of sexual harassment
Posted on 10-18-2017 by Ulyana Androsova

How quickly can a trickle of negative news accelerate into a flood of financial and reputational risk? These days, the answer is fast—at least when it comes to sexual harassment allegations. As more women (and a few men) come forward to share their experiences of sexual harassment, it’s clear... Read More

One Young World Summit Highlights Need For Corporate Social Responsibility
Posted on 10-12-2017 by Ulyana Androsova

This past weekend, up-and-coming young leaders from across the globe gathered together in Bogotá, Colombia for the One Young World Summit 2017. Since forming in 2009, the UK-based nonprofit has staged the annual Summit to bring together young talent from global and national companies, NGOs, universities... Read More

New international certification emphasizes need for risk-based due diligence
Posted on 10-09-2017 by Ulyana Androsova

The International Standards Organization has issued a new standard that organizations and companies can use to certify their anti-bribery and corruption compliance procedures. ISO 37001 has been agreed by standards bodies in 37 participating countries . These include the UK and US, whose anti-bribery... Read More

4 ways to mitigate third-party risks
Posted on 10-04-2017 by Ulyana Androsova

Lower operational costs, enhanced supply chain stability, smoother entry into new markets—the benefits of outsourcing business functions to third parties are undeniable. As the third-party networks that organizations rely on grow larger and more complex, however, identifying and mitigating the... Read More

Supplier Engagement- The key to reducing your Reputational Risk
Posted on 09-19-2017 by Ulyana Androsova

Brand reputation has never been more important in influencing consumer and stakeholder decisions. At the same time, brand image can alter extremely quickly thanks to the increasingly instant nature of the media and the profile of public opinion. Witness the impact of the negative media attention on Marks... Read More

Beneficial Ownership to Improve Risk Management
Posted on 09-14-2017 by Ulyana Androsova

Beneficial ownership registries on the rise When the International Consortium of Investigative Journalism published the Panama Papers last April, few knew where the revelations of tax evasion through off-shore accounts and shell companies would lead. More than a year later, the fall-out continues... Read More

Carrot and stick: why compliance pays under FCPA Pilot Program
Posted on 08-30-2017 by Ulyana Androsova

Two recent ‘declinations with disgorgement’ suggest that the FCPA Pilot Program, which rewards companies for self-reporting violations of the Foreign and Corrupt Practices Act (FCPA), is alive and well. We look at what the scheme means for companies and how they can improve their compliance... Read More