Risk: Page 14
-
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Dismay on Pay
Say on pay was supposed to be easy. Although such nonbinding votes (facilitated by a provision within the Dodd-Frank Act) enable shareholders to register their disapproval of a firm’s executive-pay practices, most companies thought they would win shareholders’ support when votes first began in 20...
By Sarah Johnson • March 1, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Avon Calling (For Help)
Valentine’s Day is normally an auspicious day for Avon Products, the $11.3 billion cosmetics and perfume seller. But this February 14 was a gloomy one for the iconic company, as top executives had bad news to discuss during that day’s quarterly earnings call. The company revealed a $400,000 loss ...
By Sarah Johnson • March 1, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
A New Risk Strategy for Regulatory Probes
During an earnings call last year, Charles Cramb, then CFO of cosmetics company Avon Products, revealed a stunning figure. The company had logged $96 million in 2010 to pay for an ongoing investigation into possible violations of the Foreign Corrupt Practices Act — and would likely spend a simila...
By Sarah Johnson • Feb. 23, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Avon Calling: New CFO Steers Finance Through Scandal
Ten weeks into the job as CFO of troubled cosmetics company Avon Products, Kimberly Ross wants to make significant changes. But she’s likely to find that hard sledding until she gets a permanent boss.For now, Ross said today during her first earnings call with Avon since joining the company in De...
By Sarah Johnson • Feb. 14, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Don’t Trust, Verify
The gist of the Foreign Corrupt Practices Act is simple: U.S. public companies cannot bribe government officials to win business. For the most part, executives understand the point of the 34-year-old law and have designed compliance programs to minimize the risk of their company or business partn...
By Sarah Johnson • Feb. 1, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Where the Money Is, and the Security Isn’t
Yesterday’s hackers, whose exploits were often designed to earn bragging rights within the hacker community, have given way to far more sophisticated cyber criminals in pursuit of cold, hard cash. Some penetrate databases to steal the personally identifiable information (PID) of employees and cus...
By Russ Banham • Feb. 1, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
The Value of Life, Statistically Speaking
How much are you worth? I’m not asking about your money or property but your ultimate physical asset — you. At the individual level, life is valued as priceless. But at a societal or business level, our lives and safety do have price tags. This is the reality associated with having finite resourc...
By Rick Jones • Jan. 31, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Claws Back a CFO’s Bonus for Alleged Fraud at a Subsidiary
Symmetry Medical CFO Fred Hite will pay back his company $185,000 after the Securities and Exchange Commission uncovered alleged fraud at the Indiana-based manufacturer’s British subsidiary. Hite will also pay a $25,000 penalty.Hite is not accused of partaking in the alleged fraud; rather, the SE...
By Sarah Johnson • Jan. 30, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Likelihood of Lawsuits Falls
In 2011, large-company CFOs were less likely to get the bad news that investors were suing their businesses for activities thought to have stemmed from the finance department. A new tally of federal securities class actions shows that only 3.2% of S&P 500 companies were sued last year, result...
By Sarah Johnson • Jan. 19, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
How to Measure Risk Perception
Scientists can measure the speed of light, how much dark matter exists in the universe, and the time it takes to break an electron from an atom. But can anyone measure what people are thinking? Understanding perception may be like trying to “catch the wind,” as discussed in November’s article, bu...
By Rick Jones • Jan. 4, 2012 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Best of 2011: Risk and Compliance
Senior executives charged with overseeing risk management faced a mix of pressing issues in 2011 that threatened to distract them from their core business. Political uprisings in the Middle East, broken supply chains from the Japanese earthquake, and the eurozone crisis made focusing on their hom...
By CFO Editorial Staff • Dec. 28, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Seven Common Compensation Mistakes
An organization’s compensation expense is an investment in talent, which requires a return, just like any other investment. Even though return on compensation (ROC) is harder to measure than the return on traditional capital investments, prioritized investments in talent produce better returns th...
By Jason Adwin • Dec. 15, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Lessons Learned from the Frauds of 2011
Let’s leave wrap-ups of the most joyous highlights of 2011 to other publications such as lifestyle and entertainment magazines. I’m an expert in the field of business investigations, so my end-of-year recap will focus on frauds and wrongdoings, and how similar problems can be prevented in 2012.Th...
By Ken Springer • Dec. 7, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Why FCPA Risk Has Become Personal
There was a time when the U.S. Department of Justice primarily focused its attention on prosecuting companies responsible for bribing foreign officials. Critics of this practice argued that the resulting fines had become just another cost of doing business. So, about eight years ago, the DoJ anno...
By Kevin J. Ford • Nov. 22, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
What Can You Do When IT Threatens to Run Amok?
There’s a chill in the air; the chill of fear.Sales and profits are down. A new CEO is in town. The head of manufacturing is gone, and the supply-chain head may be the next to roll — unless she can deliver some wins. She has a plan: rationalize the vendors, realign accountabilities, and roll out ...
By Susan Cramm • Nov. 21, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Catching the Wind: How to Understand Risk Perception
The world of reality TV recently spawned a corporate offering. Undercover Boss features the captains of leading service industries who spend a week disguised as frontline trainees in order to learn about the nitty-gritty of their companies’ operational details from a new perspective. At the same ...
By Rick Jones • Nov. 17, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Why Your Board of Directors Can’t Sleep on IT
While many companies and their CIOs today are working hard to make IT part of their business’s strategy, the most successful companies are making IT integral to the business’s strategy at the board level.When a company decides it needs to transform its business through IT — its processes, product...
By Larry Tieman • Nov. 14, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
A Modest Proposal
I probably field more calls and e-mails from CIOs interested in getting on corporate boards than I do on any other topic. I’m a nice person (no matter what anyone says) and I like to be encouraging. Unfortunately, my answer to the “How do I get on a board?” question is always the same: “You want ...
By Martha Heller • Nov. 9, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
A Reason to Revisit Your Cybersecurity Risk
Two months after EMC disclosed that its security division had experienced “an extremely sophisticated cyberattack” — putting its popular RSA SecurID tokens and the data-security needs of its corporate customers that use the authentication tools at risk — the Securities and Exchange Commission que...
By Sarah Johnson • Nov. 3, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Very Big, Yet Hard to See
While the financial crisis has given companies plenty of motivation to expand their risk-management practices, very few executives lose sleep over the constantly changing predilections of three-year-old children. But it’s a major issue for Hans Laessoe, senior director of strategic risk managemen...
By Sarah Johnson • Nov. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Political Straight Shooters
Nearly two years after a Supreme Court ruling loosened restrictions on corporate political spending, almost one-fourth of the largest publicly traded companies have a formal policy of not designating their funds toward the type of spending the case allowed, such as paying an outside group for adv...
By Sarah Johnson • Oct. 28, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Inside Baseball and Out, Companies Need to Protect Trade Secrets
Every member of Red Sox Nation is wondering how Theo Epstein’s move from Boston to Chicago will affect the next baseball season. To what extent will the former Sox general manager apply what was at one point a winning strategy to his new job as president of baseball operations for the Cubs?If the...
By Debra Squires-Lee • Oct. 27, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
An Accident Waiting to Happen
How many times have you heard of something — or someone — being an “accident waiting to happen”? This common idiom is applied to individuals, collective activities like industrial manufacturing, and even specific locations like traffic intersections. Clearly, it states a supposition about the fut...
By Rick Jones • Oct. 26, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Why Increased Scrutiny May Be Good for Business
Over the past few years, a disturbing number of corporate entities have been the subject of embarrassing and problematic failures, fraud, ethical lapses, and outright scandals. Everything from financial irregularities to burnouts by senior executives and excessive compensation arrangements to fra...
By Theodore Roosevelt Malloch • Oct. 20, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
How CFOs Should Manage IT Project Risk
When it comes to enterprise software projects, it pays to be a pessimist. Even the best CIOs can have a critical project run away from them, damaging the business. In my experience, most major IT projects miss their time lines and cost estimates (and lack promised functionalities) — but not serio...
By Larry Tieman • Oct. 18, 2011
Previous
