risk management

How COSO Destroyed Risk Management

COSO's Enterprise Risk Management Integrated Framework has become something it was never intended to be; as a risk management standard, it fails for at once being too broad (robust risk management programs would be far more effective) and too narrow (in its focus on internal controls as the primary risk management tool). It's time to adopt a multidisciplinary ... Read More


Promoting Your Culture: Communications and Measurement

The most beautifully written policies and procedures are worth little more than the paper they're printed on if ethics isn't woven into the fabric of an organization's corporate culture. Ethics must be promoted from the C-Suite, with the CCO and CEO proactively communicating the importance of doing business ethically, as well as identifying and closing ethics gaps to ... Read More


Q&A with Fabiana Lacerca-Allen

Recently CCI's CEO, Maurice Gilbert, had the chance to interview Fabiana Lacerca-Allen, President of Ethiprax, a compliance consulting firm based in San Francisco that serves clients in the health care and life sciences industry. Ms. Lacerca-Allen, a thought leader in compliance, reflects today on what's made her successful and how the compliance landscape is changing. Read More


When a Regulator Calls: The Use of Information Obtained From Compulsory Examinations – Lessons From the Australian Experience

Regulators can and do compel witnesses to provide information in the course of an investigation. And at times, regulatory agencies have used that evidence, obtained compulsatorily, to prosecute the very witnesses that coughed it up. Have these witnesses' right to silence have been violated? If a regulator calls, you'll want to know your rights! Read More


Reflections on a Failure of Leadership

Strong leaders don't just know the right thing to do, they want to do it and then make it happen. Jim Nortz shares an experience in which he saw need for drastic, immediate change, pulled the necessary stakeholders together to devise a strategy, and then watched as the would-be plan fizzled and died. There were multiple failures ... Read More


Building an Effective Audit Committee

Assembling an audit committee is child's play. Building one that will be maximally effective, however, takes more finesse. And the strategy extends well beyond selecting qualified committee members. What does the charter include? How large is the team? Are they empowered to ask the tough questions? These are all key factors influencing just how effective your audit committee can ... Read More


Lessons Learned from the Nepal Crisis

When employees are traveling on business, some risks are inevitable. However, every organization should have a fully realized plan in case the worst occurs. The best way for employers to avoid danger is by being proactive in case an emergency strikes, being aware of risk, training employees, understanding the capability on the ground and crowdsourcing intelligence. Read More


The 5 Most Common AML Compliance Program Deficiencies

Anti-money laundering programs can fail for any number of reasons. In Michael Volkov's experience, most failures in AML compliance can be traced back to at least one of five core shortfalls. The planets don't have to be perfectly aligned for an AML program to work well, but it does require a concerted effort, from the top of ... Read More

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