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risk management Archives | Page 2 of 2 | Conselium Compliance Search

Leadership and career
July 6, 2016

Preparing for the Unexpected

Stuff happens. We may not like it, we may even consider it unfair, but it is a fact of life. In the business environment, the question is: Are management and the Board prepared to respond? Two years ago, I had the opportunity to talk with the Chairman of the Board…
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Leadership and career
May 4, 2016

The Board’s Role with Risk: 5 Considerations to Define a Healthy Balance within ERM

Where does the Board’s role begin and end regarding risk? A company's core objective is to create and increase wealth for its shareholders. Collectively, directors provide leadership toward this objective through two primary functions: 1) decision-making and 2) executive management oversight. Decision-making includes approving corporate policy, strategic goals, annual budgets,…
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Leadership and career
April 27, 2016

25 Reasons for Risk Management Failure

By: Richard Leblanc I recently spoke to directors and officers about oversight of risk management by Boards of Directors. I prepared a list of 25 reasons that risk management failure happens, based on my experience assisting Boards, including Boards that have failed and Boards that cannot afford to fail. Almost…
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Leadership and career
March 2, 2016

Think Holistically When Managing Risk

We often hear references to a holistic view of risk. “Holistic” is a term used in risk management to emphasize the importance of understanding the interrelationships among individual risks (or groups of related risks) and the coordinated approach that an organization’s operating units and functions undertake to manage risk. A…
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Uncategorized
July 24, 2015

The Importance of Information Flow in a Compliance Risk Crisis

By: Patrick Quinlan When a compliance crisis strikes your industry, it shines a spotlight on how your own company is managing its compliance risk. Newspaper reports on high-profile cases of bribery, corruption, conflicts of interest or misconduct can prompt calls from your Audit Committee Chair and other key stakeholders who…
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Uncategorized
June 19, 2015

The Role of Executive Management in ERM

By: Jim DeLoach Ultimate responsibility for ERM starts at the top. However, everyone who matters within an organization should participate in the ERM process. While several executives have significant responsibilities for ERM, including the Chief Risk Officer, Chief Financial Officer, Chief Legal Officer and Chief Audit Executive, the ERM process…
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Uncategorized
June 17, 2015

Replace Seat-of-the-Pants Flying With a More Systematic Approach

By: Jim Nortz On Oct. 30, 1935, at Wright Field in Dayton, Ohio, a sleek new airplane rolled out onto the tarmac for its second evaluation flight. The plane was a Boeing Model 299, participating in a competition against entries from Martin and Douglas for a contract to build 200…
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Uncategorized
December 23, 2014

What Every Board Member Should Know About Cybersecurity

By: Ron Warren Is your company prepared for a cyber attack? This is a question that every director should be asking, and management should be providing regular updates to the Board on its level of preparedness. Cyber attacks are running rampant, and no company is exempt from an attack. If…
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Uncategorized
October 15, 2014

Finding the Right Person to Serve as CRO

Today's post is written by Jim DeLoach, Managing Director at Protiviti and a leading expert on reducing risk at the organizational level.  In this article, Jim explores factors to consider when selecting a new Chief Risk Officer.  Where his or her experience and expertise lies is certainly top of mind,…
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Uncategorized
June 18, 2012

Risk Management and Reputation

Companies depend on their reputations. A good reputation, one through which the public sees an organization as dependable, ethical, and worth spending their hard earned money on, means success and increased revenues. A bad reputation on the other hand, one marred by scandal, illicit activities, and unethical behavior, can do…
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