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Home   Membership   Education   Events   Resources   External Affairs      July 01, 2014


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Workplace secrecy agreements appear to violate federal whistleblower laws
The Washington Post
In November 2012, the U.S. Department of Energy asked contract employees at the Hanford plutonium processing plant in Washington state to take an unusual oath. The DOE wanted them to sign nondisclosure agreements that prevented them from reporting wrongdoing at the nation’s most contaminated nuclear facility without getting approval from an agency supervisor. The agreements also barred them from using any information for financial gain, a possible violation of federal whistleblower laws, which allow employees to collect reward money for reporting wrongdoing.
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Small bribes, big problems: What's a company to do?
The Wall Street Journal
Small bribes can pose a big problem for companies. That's the message from guidance recently issued by Transparency International UK, with support from DLA Piper and FTI Consulting. "This is one of the most difficult corruption problems for companies to eliminate in their operations," said Robert Barrington, executive director of Transparency International UK. Resisting small bribes can have costs for a company's business, the guidance noted, saying demands for small bribes are often made at times of vulnerability. But a company faces legal risks, reputational damage and operational effects if it doesn't address the challenge.
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Emerging-market stocks poised for best quarter since 2012
Bloomberg
Emerging-market stocks rose, set for the biggest quarterly gain since 2012, as signs of a revival in economic growth lured investors. Bulgarian stocks surged the most in the world, rebounding from last week's five-month low. Asset managers have piled almost $11 billion into developing-nation exchange-traded funds listed in the U.S. this quarter, the most since 2012, on optimism economic growth in countries such as China and India will rebound. An uneven U.S. recovery spurred speculation the Federal Reserve will keep interest rates at a record low for longer.
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The 5 step guide to using social media in crisis management
Business 2 Community
One of the benefits of social media is undoubtedly its immediacy and its timeliness. It is this very reason that social media is one of the most widely-used ways that brands and organizations connect with their audiences, particularly in times of crisis. When hit by complications; difficulties, and perhaps even blind panic, brands need a way to cut through the fog of spectacle and reach out to their customers; taking decisive responsibility for the matter at hand and issuing a clear plan of action.
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Myths about family business fraud
Forbes
You may think that the trusting, tight-knit nature of family-owned businesses means they have a lower risk of fraud. But some experts believe the risk and occurrence of misappropriation are actually greater in family businesses due in part to that very environment of trust. Furthering the problem, the perpetrator may not realize his or her behavior is inappropriate. While each situation is unique, common factors contributing to inappropriate behavior include a sense of entitlement to maintain lifestyle, trying to live up to performance expectations and inadequate internal controls.
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Survey on instrument reliability and risks in the oil and gas industry
Energy Global
A survey undertaken by UK flowmeter specialist Litre Meter has found that concerns over risks to personnel and the environment are key drivers for the implementation of international safety standards for instrumentation in the oil and gas industry. Litre Meter surveyed senior design and control engineers worldwide with technical design and management roles within their organizations. Results found that when specifying flowmeters and other instruments, environmental safety (70 percent) was cited as the main reason for safety standard compliance, followed by business-critical concerns including personnel safety (59 percent) and maintaining process integrity (65 percent).
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Achieve better third-party security: Let us count the ways
CSO Online
No enterprise is an island. In a connected world, a business cannot function without multiple relationships with third parties – outside vendors, contractors, affiliates, partners and others. That can be a very good thing for growing a business. But it can be a very bad thing for security. While the careless insider still tends to be viewed by experts as the weakest link in the security chain, the third-party contractor (with its own group of potentially careless insiders) is now sharing that spot, creating what is somewhat euphemistically called a major "pain point."
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Measuring the ACA's impact
HR Executive Online
Figuring out the true impact of the Affordable Care Act can be a tricky proposition for employers both large and small, but experts agree that you can't manage costs if you don't know what they are.

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Risk managers are spending their time on the wrong things
eBiz
There is always a lot of buzz about "risk appetite statements" and "risk tolerance." In theory, these sound like a natural launching point for ERM Programs - how can risk managers manage risks without a known goal of what they should be managing towards?

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Implementing 'time to recovery' to mitigate supply chain risk
Spend Matters
There is a question that you need to ask your suppliers that will help both you and your supplier reduce risk and improve performance. The question is "What is the expected time to recovery if the site from which my part is supplied goes down?"

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Big Labor has some new tricks up its sleeves
The Blaze
It's no secret that labor unions in both the private and public sectors have been in trouble for quite some time now. Faced with the evolving demands of a global economy, many workers no longer think the benefits of collective bargaining are worth the high risks of unionization (namely, negotiating oneself out of a job). As such, unionization rates have plummeted over the past three decades — from 18.5 percent in 1983 to 7.5 percent in 2013 in the private sector and 45.5 percent to 38.7 in the public sector. But, Big Labor will not go down without a fight.
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How cloud technology can pose huge risks to your business
The Daily Telegraph
From Google Docs to Dropbox, these programs make it easier for employees to access data on a range of devices in multiple locations. This could be anything from sharing content to sending internal messages, uploading pictures to storage and backing up data. But with more and more people using this technology, transferring data to cloud technology can put security at risk, without even realizing they are doing so.
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Supply chain risk management a growing concern for businesses
eWeek
The majority of companies see supply chain risk management as important to their business, but only 7 percent are generating returns of more than 100 percent on their supply chain risk management investments, according to a study of more than 1,000 companies worldwide by management consulting and technology services specialist Accenture. However, the survey also found nearly 70 percent of leaders said their investments will generate a return of at least 100 percent in the next two years, as opposed to 4 percent of others.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    5 barriers restricting risk management progress (Journal of Accountancy)
What does the obesity epidemic mean for workplace safety? (Safety.BLR.com)
Honesty is the best policy when a business' reputation is at risk (Tallahassee Democrat)
How can reputation risk be managed? (By Dr. David Hillson)

Don't be left behind. Click here to see what else you missed.
 

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Colby Horton, Vice President of Publishing, 469.420.2601
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