In the present day and age, Risks need to be considered as Opportunities for Value Creation and not something that has to be minimized or avoided, as Risks are not fully avoidable but their timely identification, monitoring and remedial action is a sure shot way to gain Competitive Edge. Globally many Companies have started to
As per a recent WSJ news, an auto industry titan, who was also the architect of an alliance between three global Auto Industry Leaders, has been arrested for Financial misconduct. The said Company went to the authorities with details of an internal probe that alleged the Chairman incorrectly reported his compensation in filings over many
As Technology continues to evolve, so does the opportunities and challenges attached with it. With greater benefits, Emerging Technologies bring even greater high impact Cyber Risks. Increasing threats to Corporate Information Systems, Critical Infrastructure, and intellectual property—as well as Compliance Risks, liability concerns, and the potential for reputational damage or lost business—continue to make Cyber
Our Chairman & Global Governance Leader Bhavesh Bhagat quoted in Ethikos, a publication of SCCE With an ever-evolving global Business Landscape shaped by Emerging Technologies, Economic and Political Cycles, Climate and Environment changes, Companies face significant pressure to keep abreast of shifts in Governance and Compliance. Increased complexities and future uncertainties make it necessary for
GDPR (General Data Protection Regulation) is an Exhaustive and Technically demanding Regulation around Data Privacy ever established. The inherent need of 360 degree Visibility and Strategic Enforcement presents a challenge for Companies globally wanting to be GDPR Compliant. Some of the major challenges around being GDPR Compliant is having a robust Data Handling and Data Storage
The new EU Legislation, General Data Protection Regulation (GDPR) is a latest reform of Data Protection Rules that not only requires extensive Data Protection Security and Reporting requirements, but also surfaces the need for an end-to-end Compliance Management system. The Board, the C-Suite, the Audit & Compliance departments and the Senior Management remain responsible for Regulatory
Risk Management is a rapidly developing discipline with a varied view. To attain an agile Risk management process, it is mandatory to perform risk assessment at regular intervals to obtain Organizational and Operational insights. Risk Assessment process should be simple, practical and easy to understand for it to be effective and sustainable and performed
With new Regulations coming into action continuously, it’s time for Companies globally to adopt an innovative and agile methodology for their Risk Management Strategy. While the basic concepts of ERM best practices remain the same, the focus has now shifted from just identifying and mitigating Risks to building robust Strategy that has the potential to maximize the
The new EU Legislation, General Data Protection Regulation (GDPR) is a latest reform of Data Protection Rules that implies new extensive Data Protection Security and Reporting requirements in addition to increased financial penalties for non-Compliance. Organizations can have strong foundations for successfully achieving GDPR Compliance by acting early and adopting a holistic approach which includes
General Data Protection Regulation (GDPR) comes into effect from May 25 and it’s primary goal is to regulate how Companies protect EU (European Union) citizens’ personal data. The responsibility of complying with the mandate is on Organizations that hold and process this information. With the deadline approaching near, Companies globally are already examining their basis