In a post crisis era, a heightened concern has been placed on effective risk management—one that will identify, assess, and manage risk. Regulators are increasingly scrutinizing risk frameworks and are starting to hold members of the C-Suite accountable for compliance failures. Moreover, regulatory guidance such as the U.S. Sentencing Guidelines states that a robust compliance Read More
Whether you are engaging in business practices within the Latin American market, expanding into new countries overseas or partnering with foreign governments and businesses, region- and country-specific risks threaten to disrupt the stability and reputation of your company. Hear from this diverse panel of local and multinational companies that will shed light Watch Now
Doing Business in Mexico: Compliance Implications of the Pact for Mexico
As an industry, healthcare is fraught with risks. Every therapeutic decision has a ripple effect on an individual’s life and livelihood, and there are risks associated with negative outcomes. Providers who make the clinical decisions are exposed to liability risk.
Compliance professionals have long known that doing business with state-owned enterprises poses a potential risk under the Foreign Corrupt Practices Act (FCPA). Under the FCPA, the term “foreign official” includes officers or employees of a department, agency, or instrumentality of a foreign government.
Imagine you’re at a meeting and the topic of risk arises. You would naturally expect data security, labor, or safety to be among the first topics to come to mind. While those are top priorities at Starwood Hotels & Resorts Worldwide, I’m finding it harder and harder to ignore a risk that is far more basic. Water.
In the past year or so, Brazil has taken significant steps towards enacting a comprehensive legal framework governing the use of the Internet and the protection of personal data. Many questions remain to be answered about the final form of the contemplated legislation and its regulations, and the impact it will have both within Brazil and on organizations or businesses operating in Brazil; however, it is clear that this set of new laws is an important development in Latin America and in the area of privacy law.
I encountered an organizational approach to risk using probability and statistics many years ago as the newly appointed Director of Inspection and Enforcement at the US Nuclear Regulatory Commission (NRC). I read a report by a panel of experts on nuclear power plant safety which concluded that US power plants were likely to be very safe due to conservative design and redundancy.
Risk management is high on the C-suite agenda, consistently ranked as a top priority by participants in PwC’s annual Global CEO Survey in recent years. In response to increasing regulatory scrutiny, business complexity, and a growing list of high-profile security breaches, many companies are striving to strengthen their risk management capabilities and create a supportive internal culture—one based on a foundation of ethics and the right risk mindset.
The past several years have seen a cascading set of circumstances that have placed cyber risks squarely in the crosshairs of a company’s board of directors. The cyber risks facing today’s industries include the perils of collecting and handling data and the vulnerability of dependence upon technology in nearly every aspect of their operations.