Risk: Page 15
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geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
When Your Compliance Program Fails
You think your company has a robust compliance program to prevent financial-statement fraud, asset misappropriation, Foreign Corrupt Practices Act violations, and other financial frauds. There are checks and balances in place, with lawyers, internal auditors, executives, and the board of director...
By Tracy L. Coenen • Oct. 4, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Why CFOs Should Police SaaS Deals
Not so long ago, there was a small software-as-a-service (SaaS) company called Plannr. It sold an e-mail-based calendar, plan-maker, and event-coordinating tool that automatically sent updates and alerts to both desktops and mobile devices. Since the tool was a SaaS application, customers accesse...
By David Rosenbaum • Oct. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Is the SEC Being “Set Up to Fail”?
Mary Schapiro, chairperson of the Securities and Exchange Commission, is pushing back against a bill that would require the securities regulator to put more work into its rulemaking process.“My fear about this legislation is that it layers so much analysis on top of what we already do that we’re ...
By Sarah Johnson • Oct. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Breaking Down Risk
There was a time not long ago when thinking about risk was considered the territory of risk managers, insurance companies, and, of course, CFOs. Times have changed. Today “risk” is a buzzword that permeates our language beyond the pure risk-management function. This word and what it represents ha...
By Rick Jones • Sept. 23, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Boards Sneer at Say on Pay
Corporate boards now have a year under their belts of shareholders issuing nonbinding say-on-pay votes on executive-compensation plans, but the grumbling continues unabated.Say on pay, mandated under the Dodd-Frank financial-reform law, was intended in part to help companies better manage the com...
By David McCann • Sept. 22, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Schapiro Protests Bill to Amend SEC’s Rulemaking
Mary Schapiro, chairman of the Securities and Exchange Commission, is pushing back against a bill that would require the securities regulator to put more work into its rulemaking process.“My fear about this legislation is that it layers so much analysis on top of what we already do that we’re set...
By Sarah Johnson • Sept. 16, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
How the SEC Hedged Its Proxy Access Plan
The Securities and Exchange Commission hedged its bets when finalizing one of its most controversial rules more than a year ago. The regulator had granted shareholders both the right to nominate directors and the ability to formally suggest that companies change their bylaws to allow for investor...
By Sarah Johnson • Sept. 8, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
What Happens When Shareholders Socialize?
Let’s face it: CFOs and other executives can be a little old school when it comes to social media. Companies don’t always want to expose their inner workings on Twitter or Facebook, and for good reason — not the least of which is the risk of violating Regulation FD. But when it comes to corporate...
By Marielle Segarra • Sept. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
One Way to Ease Audit Committee Pressures
Can you take the heat? The air in boardrooms has thickened in recent years, as outside pressures and demands have increased on directors, who in turn have passed their stress on to senior executives. For audit committees, that means CFOs often bear the brunt of increasingly tough questions and di...
By Sarah Johnson • Sept. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
The Daughter Also Rises
Zhang Yin (also known by her Cantonese name, Cheung Yan) was the eldest of eight children of a lowly Red Army officer who was imprisoned during the Cultural Revolution for “capitalist offenses.” Today she is one of the world’s richest self-made women, with an estimated fortune of $1.6 billion. In...
By Economist Staff • Aug. 31, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
The Global Effect on Governance
In recent years, a plethora of laws, rules, and cases has made companies and their senior executives, especially CFOs, more accountable for the manner in which they manage their organizations. The spread of higher standards for corporate governance can be seen worldwide, from the passage of Dodd-...
By Theodore Roosevelt Malloch • Aug. 25, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Clawback Policies Rise
Under the Dodd-Frank Act, all listed companies will eventually be required to institute a mechanism for recouping executive pay that had been granted under misstated earnings. But such clawback policies have already been on the rise among large companies (see chart below). Just over 84% of Fortun...
By Sarah Johnson • Aug. 15, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Committed to Fraud Prevention
Do a Web search for corporate compliance committees, and you’ll get hundreds of thousands of results. As compliance issues move front and center thanks to the new U.K. Bribery Act and a renewed focus on the Foreign Corrupt Practices Act (FCPA), compliance committees have become a hot new topic. B...
By Tracy L. Coenen • Aug. 10, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Say on Pay Makes for More Proxy Tinkering
Less than 2% of U.S. public companies were hit with negative say-on-pay votes this year, the first year in which proxies were required to let shareholders say whether they approved of the compensation packages for top executives. Still, a vast majority of companies are planning or considering cha...
By David McCann • Aug. 3, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Is Your Company in Denial About FCPA Risk?
If your company conducts significant business overseas, you’ve likely heard a four-letter “F” word uttered in more than a few meetings. Assuming you work in a professional setting, I’m not thinking of the first “F” word that probably comes to mind. No, I mean the FCPA, short for the Foreign Corru...
By Russell G. Ryan • Aug. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Five Rules for Hiring the Right CIO
If it has been four years since you hired your last CIO, you are probably ready to replace him (or her, if you are one of the 9% of companies that has a female CIO). The short tenure of CIOs is nothing new, and it’s no wonder: the IT function – and its value to the company – continues to be a mys...
By Martha Heller • Aug. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
The Schizophrenic CFO-CIO Relationship
A productive CIO-CFO relationship is critical to the successful exploitation of technology. And, in general, CIOs find the relationship difficult and frustrating to navigate.One of the root causes of the frustration stems from the fact that when it comes to IT, CFOs serve multiple and often conf...
By Susan Cramm • Aug. 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Compensation Confrontation
Down in the weeds of executive compensation, things can be pretty hard to fathom. Not just for ignorant folk, but for experts, too. “Even for people like me who are in it every day, it’s still hard to understand sometimes,” confesses Aaron Boyd, head of research for Equilar, a compensation-resear...
By David McCann • July 15, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Creating a Culture of Compliance
Cell-phone markets in Central America and Southeast Asia were booming early in the decade, and Alcatel SA paid dearly to get in on the action, in more ways than one.The Paris telecommunications giant doled out $8 million in bribes to “consultants” (including a well-connected perfume distributor i...
By Kimberly Blanton • July 15, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Who Owns Risk?
Nearly half of executives in a new study report their company has a chief risk officer (CRO), up from 33% two years ago. The elevated role in the C-suite has resulted in CFOs losing the top spot as the primary owners of risk management.The survey of nearly 400 executives, conducted by Accenture a...
By Sarah Johnson • June 29, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Puts Proxy Firms on Notice
The Securities and Exchange Commission plans to issue a proposal this fall that will address the role of proxy-advisory firms, SEC chairman Mary Schapiro said on Tuesday. “When we catch our breath from our Dodd-Frank responsibilities, I want to return to the issue of what we call proxy plumbing,”...
By Sarah Johnson • June 21, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
How to Manage Risk Management
Risk management is not just about managing financial risks, such as risks relating to currency movements or changes in the price of commodities. It’s not just about managing the risk of failing to comply with laws and regulations. It’s not just about the risk of errors in the financial statements...
By Norman Marks • June 15, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Ghost of Enron Wreaks New Havoc on Exec Pay
It’s reasonable to expect that directors and senior management at many public companies will be considering changes to executive pay packages in the coming months. As of June 6, there were more than 30 public companies with failed “say-on-pay” votes and several others with significant levels of n...
By Andrew Liazos • June 13, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Giving Shareholders More Say
After a decade of conceding on various shareholder demands (majority voting, annual director elections, expanded disclosures) and nearly one year after the Dodd-Frank Act gave investors a say on pay, companies are rethinking how they communicate with shareholders — and whether they should do it m...
By Sarah Johnson • June 1, 2011 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
At BP, the Cleanup Continues
Nearly one year after the Deepwater Horizon oil rig exploded, killing 11 workers and releasing millions of barrels of oil into the Gulf of Mexico, BP is still cleaning up the mess on nearby beaches — as well as its reputation with investors.The latter activity was evident on Thursday at the compa...
By Sarah Johnson • April 14, 2011
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