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Home   Membership   Education   Events   Resources   External Affairs                    Jan. 30, 2014

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Governance challenge: The board's role in crisis and risk management
The Huffington Post
Recent data security breaches at the some of the nation's largest retailers prove that available technology solutions to guard against cyber theft are not keeping pace with the capabilities of the hackers. What's more troubling is that according to the Ponemon Institute, an organization that studies data privacy and security, the probability that an organization will experience a security breach is high. While not all data security breaches are equal in scale, these events raise a larger question on corporate governance and risk.
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The hidden risk of social media marketing: Managing old Facebook admins
Business 2 Community
For years, we heard brands throw up barriers around why they didn't want to participate in social media marketing. One of the biggest reasons? Managing risk. While that barrier has largely eroded, one hidden risk continues. And it's one we don't hear a whole lot of people talking about: The risk of the lingering Facebook admin.
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DuPont unveils training methods to boost risk management
Operational risk management is becoming ever more critical, especially in light of major industrial incidents across the globe where human error was shown to be a principal contributing factor. To address this, DuPont Sustainable Solutions has announced the creation of a structured learning experience that has been proven to develop employee skills so they can manage hazardous processes safely.
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Corporate asset protection: Shielding your business from lawsuits, threats — Part II
By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM
Given today's litigious society, where successful businesses are lawsuit targets from competitors, the government, clients, customers and even employees, implementing a business protection plan is crucial. Unfortunately, most businesses are not well protected and leave key assets, cash flows and even the owner's interest in the business exposed. In the following article, the second of two parts, the authors explain common pitfalls and suggest tactics for better protecting all aspects of the business.
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Are temporary impairments ADA-protected disabilities? You bet
Suppose an employee suffers a serious injury to his legs that prevents the employee from walking and restricts him to a wheelchair, but with surgery and lots of physical therapy the employee will regain the use of his legs at some point in the future. Is this employee "disabled" under the ADA? More specifically, if the employer refuses even to consider any reasonable accommodation that will permit the injured employee to return to work, and instead fires the employee, has the employer violated the ADA?
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Missed last week's issue? See which articles your colleagues read most.

    E-cigarettes spark dilemma for employers (The Wall Street Journal)
Employees and your brand: Reduce the risk of reputation nightmares (Search Engine Watch)
Insiders commit almost half company frauds (Strategic Risk)
Top 10 corporate risks in 2014 (Insurance Journal)
Stressed-out employee in aisle 3 (Human Resources Executive Online)

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4 steps to a fool-proof business continuity plan
According to a 2013 survey from Intronis of 350 IT services industry experts, conducted in conjunction with the 2112 Group, MSPs that were successful at selling business continuity and disaster recovery were projecting business growth nearly twice as high as the group average. It was also obvious from the survey that a lot of MSPs — 44 percent — don't have a good strategy in place for selling BDCR. If you happen fit that description, the following are some guidelines to help.
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Using the cloud to reduce your global risk
As companies go global in their operations, they need new solutions for managing risk that can traverse countries and link in thousands of worldwide suppliers. Cloud is coming to the rescue where internal systems cannot. The following are five cloud supply chain niche solutions that are gaining traction, and why.
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  ACL GRC: Governance, Risk, Compliance Simplified
GRC doesn’t have to be clunky or spreadsheet-intensive. ACL GRC offers a fresh way to help you improve the efficiency and effectiveness of GRC activities. Our cloud-based solution is simple, flexible, cost-effective and suitable for nearly any organization. Watch a quick demo video!

Supply chain and risk management go together like peas and carrots
Peas and carrots, strawberries and cream, risk management and supply chain management. OK, that last pair doesn't have the same ring to it, but supply chain professionals are more than aware of the intrinsic relationship between the two.

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Your 2014 guide to financial risk in the construction industry
By Scott Wolfe
While construction spending grew during 2013 overall, it wasn't quite the rebound originally anticipated. We're now turning the page to 2014, and the industry is excited about lots of positive economic indicators.

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Your employee handbook isn't really cutting your legal risk
Nashville Business Journal
Most employers think that a stack of policies, codified into an employee handbook, will reduce their legal risk and make the messy business of managing people easier. But what if the reverse was true?

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Reinsurance: Emerging markets and risks — the road ahead
Insurance Journal
The reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn't off the table, but it's now an overcrowded field. Ever more complete and sophisticated models have made calculating risk exposures more accurate. As James Vickers, the Chairman of Willis Re International, said, underwriters in the 1990s "simply didn't have sufficient analysis" to accurately gauge the risks. Now they do.
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In growth mode, companies focus on business risks
The Wall Street Journal
While political and regulatory risks remain a major source of uncertainty, increased competition and customer retention emerged as top concerns of chief financial officers in the past year, according to a survey recently released by the Association for Financial Professionals and management consulting firm Oliver Wyman. Through investment in emerging economies and technologies, "there is an unprecedented opportunity for companies to create long-term shareholder value," said Alex Wittenberg, a partner at Oliver Wyman.
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Colby Horton, Vice President of Publishing, 469.420.2601
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