Why Pharma & Biomed Companies’ Risk Analysis Processes are Due for a Check-Up
Posted on 07-18-2018 by Lisa Thompson

Just three years ago, Teva Pharmaceuticals, a drug-maker in Israel, disclosed to both the U.S. Securities & Exchange Commission and the U.S. Department of Justice that an on-going internal probe had revealed possible violations of the Foreign Corrupt Practices Act (FCPA) and/or local laws. Ultimately... Read More

FCPA Hangover: Whiskey Maker's $8M Settlement Puts Food & Drink Industry on Notice
Posted on 07-13-2018 by Lisa Thompson

The makers of Jim Beam whisky have paid $8 million to settle allegations of bribing government officials to enter the Indian market. The settlement is a timely reminder of the continued threat of FCPA enforcement action , and the particular risks posed by third parties in the food and drink industry... Read More

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

Cruise Line's Response to Reputational Risk Scuttles Viral Video
Posted on 05-25-2018 by Lisa Thompson

The Travel Industry has suffered plenty of blows in the past year, thanks to videos that go viral. But while some airlines failed to adequately address the reputational risk arising from customer footage of regrettable moments, Carnival Cruise Lines recently proved that a quick, thoughtful response to... Read More

Investors Prove that Corporate Social Responsibility Pays
Posted on 05-23-2018 by Lisa Thompson

For many companies, ‘doing the right thing’ is not enough to persuade them to take an ethical, sustainable approach to business. But they will surely be convinced by new evidence that a sustainable approach to business can improve their share price. A fund which invested in 300 companies... Read More

Compliance Q&A: ISO 37001 Expert shares insights into boosting the effectiveness of anti-bribery and corruption efforts
Posted on 05-10-2018 by Lisa Thompson

Jean-Pierre Mean is an anti-corruption lawyer who played a leading role in the development of ISO 37001, a recent global standard by which companies can measure their anti-bribery and corruption policies. He is now leading the working group which looks after the implementation of the standard. Mr. Mean... 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

CONSTRUCTing a new approach to CSR
Posted on 04-06-2018 by Lisa Thompson

Environmental and social issues driving change in the construction industry Guest Post by Colleen Theron, Director Ardea Since Russia and Qatar won their bids to host the FIFA World Cups in 2018 and 2022 respectively, the construction industry has come under the spotlight for their human rights... 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

PM calls on investors to “use their influence” to encourage ethical business
Posted on 01-31-2018 by Korinne Bressler

Britain’s Prime Minister has said that investors can “make a big difference” by encouraging companies to act in a trustworthy way. Her call is just the latest sign that shareholders are applying more pressure on companies to behave ethically. In a speech at the World Economic Forum... 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—Forecast environmental risk more accurately
Posted on 11-27-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring concludes with an exploration of the “E” risk—Environmental—and the diverse ways in which it impacts organizations. “Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you.” Those words... Read More

Building a Case for PESTLE Risk Monitoring— How to avoid legal pitfalls in your business and supply chains
Posted on 11-20-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring continues with a deeper look at “L”—Legal risk—and how it can impact organizations enterprise-wide . In this fifth installment, we take a look at the legal risk factors that might affect your business, and reveal what you can do to avoid... Read More

Building a Case for PESTLE Risk Monitoring— How to anticipate Technological Disruptions
Posted on 11-14-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring continues with a deeper look at “T”—Technological risk—and how it can impact organizations enterprise-wide. The World Economic Forum Global Risks Report 2017 states that: “The deep interconnectedness of global risks means that technological... 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

Step One for Supply Market Intelligence Success: Embracing the Intelligence-Forward Mindset
Posted on 10-24-2017 by Ulyana Androsova

Written by Jeanette Jones founder of Cottrill Research Supply market intelligence (SMI) is increasingly becoming a key strategic component within procurement. The strategic use of intelligence is a way for professionals to approach the many challenges that are faced, whether from other departments... 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

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