Supplier risk management is not a new concept. We often can’t help but consider supplier risk as we read the news, invest money in a company’s stock, eagerly await the release of the next generation of mobile device or even just purchase groceries. Most companies see supplier risk management as a key priority and many…
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The Risk and Insurance Management Society is pushing a bill that would streamline the current cyber-notification system under a single federal regulator. Worried about reputation risks and the fines their companies could be hit with if they fail to properly notify regulators of a data breach, risk managers are pushing a Congressional bill that would…
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As market conditions evolve, banks must better anticipate changes and more readily adapt their financial plans in response to internal and external challenges. To promote collaboration and deliver the insight needed to respond to business changes, trying four atypical practices will likely gain your bank some traction: Scenario planning beyond the usual Many banks budget…
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CFOs need to be comfortable with the integrity of the financials, management, and employees of the target company in emerging markets deals. As slow domestic economic growth and continued globalization drive expansion into emerging markets, businesses limiting their transaction due diligence to traditional financial and tax areas may miss more significant exposures to fraud and…
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There’s a new player shaking up the power ranking of C-level executives at many companies. A few years ago, when data analytics was still one of the primary responsibilities of the Chief Information Officer, it looked like this C-title would become the right-hand to the CEO. However, a surprise player has been moving into this…
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Striking the Right Balance for Funding Growth While moderate and conservative companies cautiously rely on their own resources, the more ambitious mid-sized companies are willing to take on more risk to pursue greater rewards. For finance executives at many mid-sized companies, cash not only is king, it is also comfort. In a survey sponsored by…
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Sustainability-focused startups are entering established companies’ market space, bringing both new threats and new opportunities. Employees want to work for them, customers are willing to pay more for their products and investors are eager to become shareholders. “Hybrid social ventures” like Whole Foods, Patagonia, and Honest Tea that combine commerce with sustainability missions are leading…
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How do you motivate employees? More specifically, how do you engage employees in sustainability initiatives — which are often not tied directly to paychecks or profit margins, but rather seek to combat more daunting societal challenges, such as climate change, fossil fuel dependency and water shortages? According to a recent report by Ceres, 40 percent of companies surveyed attempted…
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Businesses are increasing their concern over sustainability and how their practices impact the environment. With more investment in going green, sustainability continues to produce money angles. Here are our top five tips for reporting on sustainability and money: Cultivate what you know about clean tech New buildings, renovated structures and companies that offer similar goods and services make for…
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One of the most famous frames related to corporate sustainability is the triple bottom line. The triple bottom line separates the way we think about business into three broad areas: economic, social and environmental. This frame has had great influence over corporate thinking in the past 20 years. At least in part, this frame has…
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