Reputational risk or the risk of damage to a company’s brand is of course very important these days. It is of primary importance to executives and risk managers in many multinational companies and is seen as one of the top risks a company may face. In fact, in Aon’s Global Risk Management Survey 2015, of […]
Law firms and other service oriented organizations are just beginning to realize that risk management concepts apply to them as well as manufacturing based organizations. Lately, consultants are advising law firms to implement project control methods, look at legal processes from a six sigma point of view and even apply the basics of marketing 101 […]
Recent events in the news reminds everyone that most companies will eventually be subect to government investigations and intervews. As more and more countries tighten up anti-trust enforcement and regulations as well as other laws concerning data privacy, taxaion,etc, it is only a matter of time before your company faces a government investigation of some […]
The Impact of Korea’s New Anti –Corrution Laws On Internal Investigations Korean companies are now faced with issues that they have not had to deal with before- namely anti-corruption domestic laws ( the Kim Young-Ran Act or the “Act”) that provides criminal penalties for bribery, vicarious liability extending criminal penalties not only to the employee […]
Do not follow the crowd...Though more and more companies are showing an interest in risk management, it is intereting to note that most still manage risk on an ad hoc basis. Yes, some companies look at risk management from an ERM approach- or Enterprise Risk Managment approach. Or, as I have in the past discussed, […]
Compliance- A Shining City by the Sea Recently, Yonhap News of Korean announced that South Korea will conduct fuel efficiency tests on Volkswagen models that have been imported into Korea after the news that Volkswagen admitted to falsifying fuel emission tests results. It did this by using software that activates emission controls only when the […]
