Risk: Page 13
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geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Fraud Reports Climb Still Higher
Reports of fraud by corporate employees have continued their ceaseless rise so far this year, according to the Quarterly Corporate Fraud Index. The current drivers are increasing awareness of fraud, mandated whistle-blower protections, and changing company cultures.The index measures reported fra...
By Caroline McDonald • Sept. 26, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Will Latest Whistleblower Get a Nuclear Reaction?
A front-page story in my local newspaper, The Journal News, piqued my interest yesterday. An employee of Indian Point, a nuclear-power plant 30 miles north of New York City, has filed a lawsuit with the New York State Supreme Court. He alleges that the plant’s emphasis on profits over security ha...
By Caroline McDonald • Sept. 17, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
CEOs Extend Pay Gap Over Finance Chiefs
Among S&P 500 finance chiefs, total direct compensation as a percentage of CEO pay dipped slightly in 2011, according to an analysis by Mercer (see chart). The gap was entirely due to a widening differential in long-term, non-cash incentive awards, like time-based restricted stock and stock o...
By David McCann • Sept. 13, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Finance Chiefs Should Steer Better Board Reporting, Experts Say
Prompted by negative public opinion about corporations in recent years — and the assumption that boards may be dropping the ball on corporate oversight — directors are looking to risk and compliance executives to provide deeper knowledge about potential perils their companies face.At the same tim...
By Caroline McDonald • Sept. 10, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Why U.S. Risk Managers Should Take a Hint from the Rest of the World
For better or worse, ISO 31000 is on a path to becoming the global standard framework for enterprise risk management (ERM). Any organization that does business internationally should be using it for ERM guidance.In fact, most ERM programs around the world, except in the United States, use the ISO...
By John Bugalla and Kristina Narvaez • Aug. 29, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Whistleblower Award Sparks Employer Fears
A $50,000 payment of a first bounty, announced Aug. 21 by the Securities and Exchange Commission’s whistleblower program one year after the program’s inception, is triggering employer concerns that employees may turn to the SEC first rather than going to them. The award represents over 30% of th...
By Caroline McDonald • Aug. 23, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Companies Swimming in Water Risks
With at least 60% of the United States now experiencing drought conditions, companies are focusing more than ever on intelligent water usage. They are opting to conserve and to work with their watershed stakeholders to keep costs down and avoid potential compliance and reputational problems.The p...
By Caroline McDonald • Aug. 20, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Bottom-Up Is Bad for Risk Management
There’s a lesson CFOs should learn when trying to get a strategic view of the perils facing their entire organization. Too many enterprise risk management programs are launched and championed by a single individual or department from the bottom up, without giving adequate consideration to both th...
By Kristina Narvaez and John Bugalla • Aug. 17, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Unfinished Business
It’s easy to criticize the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the controversial legislation aimed at strengthening the nation’s financial system. At 848 pages, the law is frightfully obese, yet crucial details are missing. Like most two-year-olds (July 21 marks the...
By Randy Myers • Aug. 1, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Is Reputational Risk a C-Suite Priority?
The importance of reputational risk to a company and the methods of quantifying it are frequently studied and debated. One recent survey, however, found that reputational risk is not rated a top concern among company executives.The 2012 Excellence in Risk Management Survey, a study released this ...
By Caroline McDonald • May 24, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Why the Wal-Mart Scandal Could Affect Your Next Board Meeting
Wal-Mart’s annual meeting next month promises to be a contentious one because of questions over how the retail giant handled bribery allegations at a Mexico subsidiary. Shareholders are concerned about the board members’ independence in light of the alleged cover-up of bribery that occurred in 20...
By Sarah Johnson • May 9, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Main Economic Fallout of Europe Votes: Greece, Not France
France’s election of François Hollande as its next president will have less of an impact than might have been expected from the media debate in the run-up to the vote, economists believe.Before last weekend, media political commentators were expecting pro-austerity incumbent Nicholas Sarkozy to l...
By Andrew Sawers • May 9, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
U.K. Investor Shake-ups Put CFOs in the Spotlight
The emerging revolt over boardroom pay claimed a scalp today when the chief executive of Aviva, a British insurance group, departed “with immediate effect.” Andrew Moss, who took up the chief executive role in 2007 after three years as CFO, departs in the wake of a shareholder uprising in which 5...
By Andrew Sawers • May 8, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Chesapeake Energy on Damage Control
Recently stripped of his chairmanship and an unusual incentive plan, Chesapeake Energy CEO Aubrey McClendon apologized to investors during a conference call today. “I am deeply sorry for the distractions over the past two weeks,” he said during the discussion with analysts.Accompanied by CFO Dome...
By Sarah Johnson • May 2, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
The Say on Pay Is ‘Yes’
With the second proxy season of the “say on pay” era now under way, it should be obvious that intense public outrage over supposedly excessive executive compensation is nothing more than a myth.Only 5 of 177 companies that held the shareholder advisory votes by April 20 received the dreaded thumb...
By David McCann • April 25, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Fraud Prevention 101: Question Employee Credentials
The Internet has created a false comfort for executives looking for new employees and business partners. A myth has cropped up that people don’t — or can’t — lie about their credentials, since the web offers a mother lode of access to data about their histories, both good and bad. But such an err...
By Ken Springer • April 23, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Schapiro Explains SEC Tardiness on Dodd-Frank
As of today, the Securities and Exchange Commission is one year overdue in issuing one of the more controversial rules the agency was mandated to write under the Dodd-Frank Wall Street Reform and Consumer Protection Act. That delay has given corporations more time to comply with certain aspects o...
By Sarah Johnson • April 17, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Coverage for Uncovered Secrets
During an earnings call for Avon Products last year, Charles Cramb, then CFO of the cosmetics and perfume company, revealed a stunning figure. Avon had spent $96 million in 2010 on an ongoing investigation into possible violations of the Foreign Corrupt Practices Act (FCPA). Moreover, the company...
By Sarah Johnson • April 15, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Show Us the Money
With seven months remaining before the November elections, some investors have already expressed themselves politically. Through the end of February, nearly one-third of shareholder resolutions filed for the current annual-meeting season asked companies to reveal more about their campaign spendin...
By Sarah Johnson • April 15, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Aguilar Blasts SEC on Shareholder Rights
Claiming that “investors have been stripped of a traditional American right,” Luis Aguilar, a member of the Securities and Exchange Commission, criticized the agency yesterday for not taking an opportunity to expand shareholder rights. His statement came after the SEC submitted a congressionally ...
By Sarah Johnson • April 12, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
What’s Missing from COSO’s New Internal-Control Guidance
CFOs have had to certify their company’s internal controls for nearly a decade, putting their professional and personal well-being on the line every time they sign a 10-K. The work hasn’t gotten any easier as internal-control risks continue to increase.Forthcoming guidance from COSO (the Committe...
By Kristine Brands • March 20, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Taking on Fraud Probes Without Interfering
With the government’s increased focus on ferreting out corporate fraud, companies face a higher risk of gigantic defense costs, negative media reports, and substantial civil or criminal penalties. Cases involving bribery and corruption under the Foreign Corrupt Practices Act, for example, are cos...
By Tracy L. Coenen • March 13, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
CFO, Don’t Buy That Phone!
Pandora is a rapidly growing Internet radio service that allows people to create their own radio stations on their mobile devices, delivering music chosen by algorithms that predict the user’s musical tastes. The company allows its employees to buy and use their own devices — smart phones, tablet...
By David Rosenbaum • March 13, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
The Ethics of Risk Management: No Easy Answers
Let’s start with a scenario: suppose you are the risk manager for a small town of 10,000 people that lies just downstream from a reservoir created by a large dam. After several days of torrential spring rains, the town engineer rushes into your office to tell you that the dam is about to fail. Yo...
By Rick Jones • March 7, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
How Finance Chiefs Explain Emerging-Market Risks
Last week Gary Fayard, CFO of Coca-Cola, fielded questions about the beverage giant’s investment strategy in emerging markets. As with most companies that have pegged distant, underdeveloped areas as having high-growth potential, Coke is dealing with rising wages, commodity costs, and currency fl...
By Sarah Johnson • March 1, 2012
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