Corporate governance frameworks are vital for demonstrating a company’s ethical practices and values while balancing stakeholders’ and community interests. 2024 is filled with events that have made corporate entities perpetual targets for ethical and sustainability activism and regulatory scrutiny. As we close the mid-third quarter of the year, it’s time to revise your organization’s strategies… Continue reading Time to Re-evaluate Corporate Actions: Six Corporate Governance Trends in 2024
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Category: GRC
Four Lessons on Avoiding a GRC Failure
Large corporations, brands, and enterprises have a fair share of reasons to fall behind their governance, risk, and compliance management objectives, resulting in a massive GRC failure. It is common knowledge that getting a hold of GRC needs is complicated, but regulatory bodies and governments quickly slap hefty penalties that can run into billions of… Continue reading Four Lessons on Avoiding a GRC Failure
GenAI for Risk and Compliance in Banking & Financial Services
Remember the March turmoil from the collapse of Silicon Valley Bank (SVB)? It was a rude awakening for the global banking and financial services industry, stirring regulatory actions to tighten the interest, liquidity, and credit risk management practices. Large banks crimped their lending practices and were ordered to load up reserves to build resilience and… Continue reading GenAI for Risk and Compliance in Banking & Financial Services
2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
Previously, we discovered a tapestry of trends impacting the U.S. consumer products industry in 2024. The year will be known for growing consumer awareness and resistance to rising prices. However, priorities don’t just end with matching customers’ product value, innovation, and sustainability expectations! Companies in the consumer products industry have regulatory and legal obligations to… Continue reading 2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
Gen-AI Regulations in Life Sciences: Are You Ready for the Future?
How prepared are you for the changes in generative AI regulations affecting life sciences? With rapid advancements in AI, especially in the generative sector, the life sciences industry is undergoing transformative changes. These innovations bring new opportunities and challenges, particularly regarding regulatory compliance. Understanding these regulations is crucial for stakeholders in the life sciences sector… Continue reading Gen-AI Regulations in Life Sciences: Are You Ready for the Future?
Implementing IT Governance: Best Practices for Managing IT Investments and Risks
Did you know that global IT spending reached a staggering $4.7 trillion in 2023 and is expected to soar to $5 trillion by 2024? This massive investment underscores the critical role of IT in today’s businesses. With such significant resources allocated to IT, why do so many organizations struggle to realize the full potential of… Continue reading Implementing IT Governance: Best Practices for Managing IT Investments and Risks
2024’s Top Risks in the Consumer Products Industry (Part1)
Tumultuous global and economic events from previous years will likely persist in 2024. Therefore, the severity of the risk in the consumer products industry will be amplified. As this landscape evolves with pressing prioritizing for product innovation and customer-centricity, profitability may not be the silver lining that consumer products companies hope for. Why? The… Continue reading 2024’s Top Risks in the Consumer Products Industry (Part1)
Pros and Cons of Different IT Governance Frameworks
Every solution has its advantages and disadvantages, and IT governance frameworks are no exception. As a CIO, IT executive, or technology leader, you’re faced with the critical task of choosing the right IT governance framework for your organization. You’ve likely explored the types of frameworks, how to select the right one, and the steps for… Continue reading Pros and Cons of Different IT Governance Frameworks
FDIC Risk Review 2024: A Nuanced Approach to Risk for U.S. Community Banks
Rising interest rates and an uptick in liabilities drive banking and financial institutions into liquidity risks. We have witnessed the repercussions of misaligned liquid asset portfolios and funding resources, leading banks into epic insolvencies and meltdowns. Federal agencies issued regulatory updates to tighten lending functions. They increased the asset reserves threshold to prevent another sorry… Continue reading FDIC Risk Review 2024: A Nuanced Approach to Risk for U.S. Community Banks
Overcoming Retail Challenges: How GRC Transforms Retail Compliance and Security
Ever felt like your retail business is a house of cards, ready to collapse with one data breach, budget cut, or compliance failure? It’s a scary thought, and one that keeps many retailers up at night. Consider the March 2024 incident with Giant Tiger Stores Limited, a Canadian discount store chain. A data breach exposed… Continue reading Overcoming Retail Challenges: How GRC Transforms Retail Compliance and Security