Protect your business revenue by staying SOX compliant and avoiding fines and penalties with our comprehensive SOX compliance checklist. Regulatory frameworks are vital in ensuring transparency, accountability, and the integrity of financial reporting. Among these, the Sarbanes-Oxley Act (SOX) is a critical financial regulation that has shaped how businesses operate and disclose financial information. … Continue reading Avoid Fines With This SOX Compliance Checklist
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Category: Governance Risk Compliance
The Time to Create an ESG Policy is Now
Issues surrounding the climate and global warming are highly politicized in many regions, with everyone from Hollywood starlets to Presidential candidates taking up firm positions on the topic. But no matter where your personal beliefs surrounding these controversial issues happen to fall, one thing is clear: issues related to the environment and sustainability are an… Continue reading The Time to Create an ESG Policy is Now
Understanding ESG Governance
In today’s eco-conscious world, sustainability matters. It matters to all stakeholders from employees to clients along with investors and everyone else in between. In fact, recent years have seen a distinct movement toward sustainable investments. This, in turn, prompted the U.S. Securities and Exchange Commission (SEC) to develop the Environmental, Social, and Governance (ESG) criteria… Continue reading Understanding ESG Governance
Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important
The U.S. Securities and Exchange Commission (SEC) and the Environmental, Social, and Governance (ESG) Division of Enforcement announced that they would be creating a 22-person task force composed of members from the federal organization’s regional offices, headquarters and “specialized units.” The task force’s objective is to monitor climate- and ESG-related issues and companies’ compliance with… Continue reading Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important
Mandatory ESG Reporting is Around the Corner
Developed by the U.S. Securities and Exchange Commission (SEC), the Environmental, Social, and Governance (ESG) criteria is used to gauge a company’s sustainability and conduct risks. The data points that determine an organization’s sustainability are then documented in reports that are now considered mandatory. ESG reporting isn’t necessarily new, however, making these reports mandatory is!… Continue reading Mandatory ESG Reporting is Around the Corner
Key Things to Look for in Third-Party Risk Management Software
Third-party risk management (or TPRM) continues to increase in popularity because more and more organizations are seeking cost-effective ways to get the job done without the overhead associated with using in-house resources. This has spurred a rise in the number of companies that are turning to third-party risk assessment software platforms. But with many… Continue reading Key Things to Look for in Third-Party Risk Management Software
What is a Risk Management Framework?
Risk Management Framework, in simple terms, provides a balance between taking risks and reducing them while achieving business objectives. NIST Definition of Risk Management Framework According to NIST the Risk Management Framework provides a process that integrates security, privacy, and cyber supply chain risk management activities into the system development life cycle. The risk-based approach to control selection and specification considers effectiveness, efficiency, and… Continue reading What is a Risk Management Framework?