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Home   Membership   Education   Events   Resources   External Affairs      March 27, 2014

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5 questions boards should ask about risk management
Risk management exists in a dynamic world and should have the agility required to address the changing demands of business. The insightful article "Five Questions Directors Should be Asking in 2014" gets to the point quickly and its few questions serve as a good guidepost.
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ISM studies corporate supply chain risk management practices
Supply Chain Digest
Virtually everyone agrees supply chain risk management has risen substantially on the priority list of most companies over the past few years, but what are corporations doing in practice, and how deep into their supply chains are they going relative to risk management planning? Those are among the questions addressed in a new research report from the Institute for Supply Management, based on a major survey of hundreds of companies.
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Business tax threats multiply
The Wall Street Journal
Financial institutions have found out the hard way that Uncle Sam's arms are getting longer when it comes to tax collection. But several non-financial companies have found just as much hazard in tax levies on their operations in other countries. There is a major political element to this global trend, as indebted governments around the world look for new sources of revenue.
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Looking for similar articles? Search here, keyword(s): Financial risks.

Minimize your risk with document preservation
Idaho Business Review
Businesses that have been sued or anticipate being sued face many challenges. One is the preservation of all relevant documents. Idaho courts can impose monetary sanctions, throw out defenses and even rule against a party on its entire case when that party fails to take appropriate measures to preserve necessary electronic and written communications and documents. Knowing what steps to take to ensure appropriate document preservation will go a long way in minimizing the risk of sanctions and adverse rulings in court.
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  Advanced Degrees in Health Care Transformation
The health care industry is seeking professionals with technology skills. According to the U.S. Bureau of Labor Statistics Occupational Outlook Handbook, 2012-13 Edition, nearly 200,000 professionals are needed in technology related health care occupations. Propel your career with a supportive, accredited online university. Focused on health care, American Sentinel offers management, informatics and technology degrees designed for busy professionals seeking relevant education. Your success is our passion!

Outlook for the economy: A longer, if not stronger, recovery
Although the U.S. economy remains relatively strong, it's not ready for a rocket ship-like performance, either. Growth in most U.S. metrics has been slow for three months or longer. Some of that stagnation is weather-related, but certainly not all. Up-and-down bounces related to the government shutdown and budget settlement, major inventory buildups, and higher interest rates have all been negatives for recent economic activity. Despite the current soft spell, there are several major positives that could make this recovery one of the longest on record.
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Study: The biggest mobile app security risks you may not know about
Associations Now
Despite how vigilant you are about keeping your personal information safe and secure, there's a good chance that you have one or several mobile apps on your phone that put you at risk, according to a new study of more than 200,000 Android apps. The "Mobile App Threat Report," conducted by Marble Labs, determined how "risky" certain apps are based on their app category (i.e. social networking, productivity, news, etc.). "Our research proved that some mobile app categories put companies and consumers at more risk than others," said Marble Security CTO David Jevans.
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Disaster recovery and business continuity services: Top tips for VARs
When pitching disaster recovery and business continuity services, value-added resellers of IT services typically encounter a common obstacle: Prospective customers simply don't grasp the financial and reputational costs they could incur from the loss of critical data. Often, prospects don't realize that today, as cybercrime and other causes for IT breaches surge in number, the costs of those incursions add up. The latest estimated cost of a malicious or criminal attack equals $277 per compromised US record. That includes losses related to reputational harm, lower sales, the loss of intellectual property and other forms of indirect costs.
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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!

How to best leverage advisors for your business
By David B. Mandell, JD, MBA
Before you can choose your advisors, delegate responsibilities to team members or begin to benefit from the leverage of advisors, you need to understand the types of advisors who could be part of the financial team. Three common outside advisors that may significantly impact a business's finances are its accountant, its tax attorney and its insurance advisor.

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Managing bribery risk as the FCPA bares its teeth
By Lucy Wallwork
The oil and gas industry has a reputation as an environment where bribery has too often been the norm, but the U.S. government is starting to crack down. In the first few months of 2014, the SEC has already brought as many enforcement actions under the Foreign and Corrupt Practices Act, or FCPA, as through all of 2013.

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4 tips for creating a disaster recovery plan for a small business
Mother Nature Network
Fires, floods, snowstorms, theft and data loss are just a few of the ever-present threats small business owners face. Like any other aspect of running a business, the key to survival is preparation. "Small businesses are vulnerable to failure when they're impacted by significant events," said Ken Katz, property risk control director at Travelers Insurance.

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What an Effective RMIS Should Be

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Are emerging market bonds worth the risk?
Trouble in Ukraine continues after Russia annexed Crimea last week, following last month's ouster of President Viktor Yanukovych. In a recent post, Dodd Kittsley explored what the ongoing conflict means for global equity markets. The consensus is that there is value to be found in frontier market equities.
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See related story: Why gold is good tool to hedge emerging-market risks (MarketWatch)

Risk management, compliance costs could rise for Houston firms
Houston Business Journal
Managing risk and regulations could cost Houston firms more money in the coming months, according to a new survey by PricewaterhouseCoopers LLC, Houston's largest public accounting firm. The New York-based consultancy recently completed its fourth annual risk survey, polling some 1,900 executives in 37 countries. Managing risk, especially in the energy sector, is an increasingly competitive field in Houston. Erik Hansen, a partner in PricewaterhouseCooper's Risk Assurance practice in Houston, recently spoke to the Houston Business Journal.
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Missed last week's issue? See which articles your colleagues read most.

    Managing risk without stifling innovation (Bloomberg Businessweek)
EEOC's latest moves: New religious guidance, info on background checks
(HR Morning)
How 'March Madness' can up your business continuity game (Forbes)
Avoiding a digital catastrophe: Considerations for managing social media risks
(The National Law Review)

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Colby Horton, Vice President of Publishing, 469.420.2601
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Lisa Smith, Senior Content Editor, 469.420.2644 
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