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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Tag: Regulatory Compliance
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 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)
How will the U.S. Elections impact AI Regulations?
What’s common between the Democrats and Republicans besides contesting for U.S. elections? The answer is both parties agree on guard railing AI! 2024 will be known for the global election marathon. AI is fueling the divide among the voters, and threat actors are weaponizing GenAI to spread misinformation. Amid the ongoing AI fever, what are… Continue reading How will the U.S. Elections impact AI Regulations?
TikTok Ban in the U.S.: Important Takeaways
For GenZs, TikTok is where the newest trends are set. Lately, the social media app has been trending, and the buzz has been about declaring whether it threatens user privacy and national security in the U.S. In this blog, we will discuss the reasons for the national security probe against TikTok, its legendary rise as… Continue reading TikTok Ban in the U.S.: Important Takeaways
Greenwashing, U.S. Elections, & Anti-ESG Movement: What’s Brewing in 2024
Events on the global regulatory front in 2023 turned environmental, social, and governance (ESG) into a serious boardroom agenda. Concurrently, there are businesses playing along the sustainability lines by wrongfully claiming and marketing their products and practices as ‘sustainable’ and ‘eco-friendly’. The practice of misleading consumers with a make-believe sustainability posture to drive profits is… Continue reading Greenwashing, U.S. Elections, & Anti-ESG Movement: What’s Brewing in 2024
The Good & the Nasty: Influence of AI in Politics & 2024 U.S. Elections
Technologies have always had an impact on political campaigns. At the turn of the 21st century, the use of the Internet for broader reach and cost-effective campaigns opened doors to marketing on social media and digital platforms. The new-age tools of information sharing empower voters and audiences with an independent voice and political viewpoints to… Continue reading The Good & the Nasty: Influence of AI in Politics & 2024 U.S. Elections
Understanding ESG Materiality & its Importance in Sustainability Reporting
In a recent PwC survey, 76% of consumers said they would cease associating with brands and companies that treat employees, communities, and the environment poorly. Growing consumer awareness of environmental, social, and governance (ESG) components demands more actions towards ESG materiality assessments from businesses. ESG materiality assessments are iterative and unique to every business and… Continue reading Understanding ESG Materiality & its Importance in Sustainability Reporting
FTC Rules Protect Against GenAI-led Impersonations: Rule Finalizes to Protect Businesses, and Government from Scams
February 15, 2024, the Federal Trade Commission (FTC) finalized the rules to address AI-enabled impersonation scams to protect consumers, government, and business entities. Generative AI (GenAI) adoption spiked in 2022 with the release of OpenAI’s large language model (LLM)-based tool. The tool’s popularity and widespread adoption across businesses replaced many white-collar positions with AI,… Continue reading FTC Rules Protect Against GenAI-led Impersonations: Rule Finalizes to Protect Businesses, and Government from Scams
U.S. Data Privacy Laws 101
The consumer data collection process is saturated with ethical and legal complexities. Yet, firms cannot get enough of this ‘digital fuel’ for their business and marketing initiatives. With new technologies and methods of personal data collection, consumer literacy about data privacy rights and risks challenges the so-called privacy paradox—consumers care about privacy but fail to… Continue reading U.S. Data Privacy Laws 101