Introduction Sustainability means measuring the overall performance of a company against prevailing and forthcoming Risks. It includes financial and non-financial risks. Corporate sustainability is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. Environmental and Social
As corporations are going digital, cybersecurity has become one of the biggest concerns for the board members. A recent survey conducted by Accenture involving 4644 organizations leading in cybersecurity practices, found that the basic cybersecurity of the organizations has improved. But, with the ever-evolving technology, the attackers have started shifting their targets to weaker spots
What is CCPA? The California Consumer Privacy Act addresses the personal information data and privacy rights for the residents of the California state. The much-debated California Consumer Privacy Act (CCPA) has officially come into action from January 1, 2020. The CCPA will have wide-reaching implications for many companies. Under CCPA, any California resident can take
Types of risks & their impact on organizations A recent global survey of top-level executives across industries was conducted by Protiviti. This survey highlighted the influence of economy, talent, digitization & work culture on the types of risks an organization can face in 2020. The survey was conducted globally on 1063 board members and C-level
Introduction With changing times and with the introduction of technologies like Artificial Intelligence (AI) and Machine Learning (ML), the ways in which audits are conducted (internal or external) have changed drastically. Robotic Process Automation (RPA) has also found its place again in the workflows within the organizations. Various tasks, or rather the entire processes &
Introduction ESG risks are not new, neither is corporate governance. The term ESG was first coined in 2005 in a study titled “Who Cares Wins”. Did you know that since 2018, ESG investments are estimated at over $20 trillion in AUM or putting it in another way, they amount to almost a quarter of all
Introduction The year 2019 is ending and the year 2020 will begin soon. With the start of the new year and start of a new decade, it is imperative that the board leaders (independent chairs or lead directors) rethink their strategy on how to interact and operate with their businesses because they are the catalyst
Introduction Agile means responsive, fast and efficient. With all the technological innovations happening at a rapid pace and disrupting various industries, it becomes inevitable for the organizations to adapt to such changes and operating methodologies. Organizations are now using Agile methodology instead of the traditional waterfall method. Organizations are building quality systems that meet any
Introduction The auditing process helps ensure the accuracy and reliability of the gathered data and organize it in a systematic manner. Audits can be internal and external across various industries & sectors. With the introduction of Artificial Intelligence (AI) & Machine Learning (ML), the scenario has changed completely. AI has been a game-changer and disrupted
Introduction Gone are those days when Risk Assessment was carried out traditionally. With the advent of technology, the types of risk and the ways in which risk is mitigated have drastically changed. Organizations across industries have realized the importance of improving Risk assessment methods to improve the security of their business processes. Data is the