Corporate

Recent Posts

Board Member Ouster For Catastrophic Incident?
Posted on 3 Jun 2014 by Dave Tate

Wouldn’t it be nice if you could be a board or board committee member without worry or concern? Well . . . you can’t unless you are oblivious to issues and risks, but of course you can and should endeavor to be proactive and ahead of the game;... Read More

The Risky Business of Being A Bank Chief Risk Officer
Posted on 24 Jan 2012 by Francine McKenna

My column at American Banker this past Friday, "The Riskiest Careers in Financial Services, Finally Rewarded," included a couple of obvious examples of high risk, high reward for this hot new job title. The largest four US banks have examples... Read More

Emerging International Indicators for Compliance Function Expectations
Posted on 30 Mar 2010 by Gabe Shawn Varges

Global trends on risk management help foreshadow what may come to be expected of compliance functions in an increasing number of jurisdictions, particularly in respect of positioning, resources, and authority. Gabe Shawn Varges, Head of Governance at... Read More

A Short Paper You Must Read About Board-Level Corporate Risk Management – NACD Advisory Council on Risk Oversight
Posted on 21 May 2013 by Dave Tate

If you are interested in the process of board oversight over corporate risk management, here is a short paper that you must read from the National Association of Corporate Directors. First, let me sincerely compliment the NACD for discussing this... Read More

Scam Artists from Texas and Compliance Risk Management
Posted on 15 May 2013 by Thomas Fox

Billie Sol Estes died yesterday and when it comes to scam artists from the great state of Texas, before there was Allen Stanford and his magical Certificates of Deposits located in his private bank in Antigua, there was Billie Sol Estes. Before Sir... Read More

Risk Assessments-the Cornerstone of Your Compliance Program, Part II
Posted on 28 Aug 2014 by Thomas Fox

Ed. Note-Today, I continue my three-part posts on risk assessments. Today I take a look at some different ideas on how you might go about assessing your risks. One of the questions that I hear most often is how does one actually perform a risk assessment... Read More

How Do You Change to a Culture of Compliance? Go See The Twilight Zone Movie
Posted on 1 Aug 2012 by Thomas Fox

As a compliance practitioner, how often have your heard something along the lines of "But we've always done it that way" or [my favorite] "That's the way those people do business"? As a recovering trial lawyer, I spent the... Read More

Risk Management – More than Just Risk Assessment
Posted on 8 Dec 2011 by Thomas Fox

In an article in the December edition of the ACC Docket, entitled " Disciplined and Practical Risk Management ", Jim Jackson, General Counsel of Medair, discussed risk management in the non-profit arena, focusing on his experiences on this... Read More

The Board of Directors and FCPA Compliance
Posted on 28 Jul 2011 by Thomas Fox

What is the role of a company's Board when it comes to Foreign Corrupt Practices Act (FCPA) compliance? The Board should not engage in management but should engage in oversight of a Chief Executive Officer (CEO) and senior management, which they... Read More

Risk Assessments-the Cornerstone of Your Compliance Program, Part II
Posted on 28 Aug 2014 by Doug Esten

Ed. Note-Today, I continue my three-part posts on risk assessments. Today I take a look at some different ideas on how you might go about assessing your risks. One of the questions that I hear most often is how does one actually perform a risk assessment... Read More

Risk Assessments-the Cornerstone of Your Compliance Program, Part I
Posted on 26 Aug 2014 by Thomas Fox

Yesterday, I blogged about the Desktop Risk Assessment . I received so many comments and views about the post, I was inspired to put together a longer post on the topic of risk assessments more generally. Of course I got carried away so today, I will... Read More

The Sioux at Little Bighorn and Using Risk Going Forward
Posted on 9 Jul 2015 by Thomas Fox

I recently wrote about the stupidity of General Custer and the defeat of his Calvary at Little Bighorn as a lead in for the failure to adequately assess and then manage risks in a Foreign Corrupt Practices Act (FCPA) compliance program. I received the... Read More

Thinking Through Risk Rankings of Third Parties
Posted on 13 Aug 2014 by Doug Esten

One question often posed to me is how to think through some of the relationships a company has with its various third parties in order to reasonably risk rank them. Initially I would break this down into sales and supply chain to begin any such analysis... Read More

Thinking Through Risk Rankings of Third Parties
Posted on 13 Aug 2014 by Thomas Fox

One question often posed to me is how to think through some of the relationships a company has with its various third parties in order to reasonably risk rank them. Initially I would break this down into sales and supply chain to begin any such analysis... Read More

Risk Assessments-the Cornerstone of Your Compliance Program, Part III
Posted on 29 Aug 2014 by Thomas Fox

Today, I conclude a three-part series on risk assessments in your Foreign Corrupt Practices Act (FCPA) or UK Bribery Act anti-corruption compliance program. I previously reviewed some of the risks that you need to assess and how you might go about assessing... Read More