How to Better Manage Risk with Proper Due Diligence There will always be some kind of risk to your business on the horizon. That much is certain. But what about the risk that’s right under your nose that you can’t even see? Not to sound so alarmist...
Supply stain stability is, well, in short supply. From an economic perspective, COVID-19 might serve as a temporary setback (though only time will tell), but the pandemic has exposed just how easily the supply chain can be disrupted in the wake of certain events...
As reflected in the rise of environmental, social, and governance (ESG) scores, sustainability is now an outright expectation for a growing number of investors and consumers. Your company’s own ESG score will play an increasing role in its ability to conduct...
To fend off financial and reputational risk, you must stay vigilant on multiple fronts – be it in the HR office when deciding whom to hire or at any point in your supply chain when choosing your vendors. In other words, the risks to your company have not...
How to Create an Efficient Risk Management Workflow Even before the prevalence of ESG scoring, there was always a lot riding on your due diligence. Traditionally, maybe you needed to identify and assess any financial and/or reputational risks before moving forward...
The risk landscape is far more complex than just a few short decades ago. For starters, people are getting their news from more sources than ever before. The birth of the 24-hour news broadcast was only the beginning. Now, thanks to the internet and the rise of...
Gregg Thaler, Director of Strategic ISV Alliances at Adobe, and confessed CRM data quality junkie, has said that “Contact data ages like fish not wine…it gets worse as it gets older, not better.” The quote might earn a few chuckles, but no one...
The internet has been a game-changer for knowledge sharing, enabling comprehensive research and collaboration from the nearest laptop, tablet, or smartphone. Unfortunately, the internet has also been a super-spreader of misinformation, leading to an ‘infodemic’...
According to the Stanford Law School FCPA Clearinghouse , 16 of the 19 enforcement actions in 2019 involved bribery schemes that relied on third-party intermediaries. Then the coronavirus emerged on the global scene and a host of supply chain vulnerabilities were...
In a post-Coronavirus world, the ethical expectations companies face from consumers, investors, third parties and regulators will only increase. This means that companies’ relationships to Politically Exposed Persons (PEPs) will be scrutinised more than ever...
The coronavirus pandemic appears to have pushed technology adoption into overdrive as companies adapt to a work-from-home model to protect the health and safety of employees and clients alike. Forbes notes, for example, that teleconference company Zoom saw its...
On June 1st, the US Department of Justice Criminal Division published a revised version of its corporate compliance program evaluation guidance. In an article reviewing the latest changes, Harry Cassin, the publisher and editor of the FCPA blog notes, “Most...
Society faces unprecedented challenges due to the global COVID-19 crisis. Yet despite this extraordinary disruption, risk management operations must stay on high alert because failing to spot potential risk can lead to substantial fines, loss of investor and consumer...
One of the biggest potential time-savers for risk management professionals is technology. From initial risk assessment before on-boarding a new client to ongoing risk monitoring to surface threats more quickly, the power of artificial intelligence and advanced...
The repercussions of the coronavirus pandemic are already being felt by companies around the world. Faced with unprecedented disruption, companies are quickly coming to grips with one fact: Business as usual has changed for the foreseeable future. What hasn’t...