Risk

Risk refers to threats an organization faces -- loss of earnings, loss of reputation, or harm of any kind.  These articles explore the challenges of preventing, identifying and mitigating risk. Risk can come in many forms, including financial issues, legal liabilities, strategic or leadership errors, or accidents and natural disasters. Today,  IT- and data-related risks are growing concerns. The following articles about risk look at the issue from many angles, especially from that of compliance officers and risk managers.

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Stuck in the Middle? Succeeding in the Industrial Sustainability Revolution Requires Root & Branch Reform

Stuart McLachlan and Dean Sanders, authors of “The Adventure of Sustainable Performance: Beyond ESG Compliance to Leadership in the New Era,” share their views on the fortitude required of leaders today — and tomorrow. The next industrial revolution is upon us and is driven largely by the climate transition. As business leaders, we are in a moment that presents a...

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Shattering the Complacency of Western Compliance

Conventional wisdom in the West suggests that labor and ethical standards are problems — just not here. But as LRQA’s JP Stevenson explores data that says this simply is not the case. While many global companies are coming to grips with environmental monitoring and reporting, LRQA’s latest bi-annual supply chain ESG risk ratings report suggests that economic and geopolitical turbulence...

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Was Covid Pandemic an Act of God? Depends on the Contract.

Force majeure provisions in contracts haven’t garnered much attention over the years. But the Covid-19 pandemic appears to have changed that. Attorneys Gretchen L. Jankowski and Jacqueline M. Weyand explore how courts have come down on whether pandemic disruptions are considered acts of God. Before Covid-19, force majeure provisions received little attention during contract negotiations and even less attention by...

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In De-Risking, Are Financial Institutions Painting With Too Broad a Brush?

Financial institutions have increasingly embraced the practice of de-risking as part of their AML strategies. This approach involves reducing or severing business relationships and services with entities deemed high risk. While de-risking may seem like a sound strategy in theory, it is crucial to examine its impact on the very customers these financial systems aim to serve. Banking compliance officer...

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4 Key Risk Management Trends for Consulting Leaders

The consulting industry has enjoyed decades of light regulation, which has sometimes meant a hands-off risk posture inside firms. But as Intapp’s Nigel Riley explores, that’s all changing — and fast. In an unregulated industry without mandates to collect and manage client data, consulting firms have historically taken a different approach to risk management than their peers in regulated industries...

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In the IP Economy, How Should Digital-Native Companies Handle Transfer Pricing?

Doing business online allows companies to reach exponentially more customers than could otherwise. But the complexity of transfer pricing means they may open themselves to exponentially more risk, including running afoul of emerging global regulations. Transfer pricing specialist David Whitmer explains. Transfer pricing has long been a challenging issue for multinational entities (MNEs) with operations and sales spanning multiple jurisdictions...

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