It can’t be quantified, but board directors can’t afford to ignore it: Culture can make or break an organization. For boards, overseeing culture risk is a hot topic—and it’s becoming more critical.
Recent corporate scandals linked to problematic company cultures have led directors to look for ways to better monitor corporate culture, while trying to understand potential cultural risks and ...
Any culture risk program should involve the chief risk, legal, and talent officers and other appropriate risk stakeholders. Tools and techniques for managing culture and culture risk are maturing ...
Most industries have undergone regulatory overhauls over the past century; by my observation, none have done so more rigorously than the financial industry, which sometimes falls short of optimum self ...
When one thinks of ‘risk’ it is often associated with danger, liability, and exposure; the connotations tend to be negative. Risk is the threat of damage or loss caused by external or internal ...
Cybersecurity failures aren’t about tools, they’re about people. ORCS turns risk awareness into everyday habits that help teams act fast and smart. You don’t lose most cyber battles to code. You lose ...
John Fennell, executive vice president and chief risk officer at the Options Clearing Corp., an equity derivatives clearing firm, discusses his efforts to renovate the company’s risk culture and ...
Originally appeared on the Gallup Business Journal and republished with permission from Gallup. What are the best ways to ensure that employees are following company policies -- and the law? For ...
An organization is run by its people. Managing risk is a key factor to strategic business planning and success. So the saying that everyone is a “risk manager” may sound cliché and simple, but it’s ...
How many senior executives and directors can name a chief risk officer who has advised them their organization is too risk averse? In a recent article, my good friend Jim Deloach asks an interesting ...
Nearly 67% of American employees can name at least one thing that would prevent them from taking any kind of risk at work. Some say they don’t have enough support from managers or leaders, others are ...