As a Compliance Week reader, you know well the difference between taking an action that’s legal and one that’s ethical. “Legal,” of course, includes acting according to written laws and related regulations, as well as what is deemed legally correct by the judicial system. Acting ethically involves going beyond what is legal, focusing on principles […]
Richard M. Steinberg
Posted inFrom the Archive
What Organizations Don’t Want To Know Can Hurt
Like most Compliance Week readers, I read the business press rather extensively and sometimes come across an article that piques my interest. One, the title of which I’m borrowing as the heading of this column, appeared some months ago in The New York Times. The piece focuses primarily on the approach taken by the College […]
Posted inInternal Controls
What The New Guidance Will Mean To You
Much has been written about the proposals from the Securities and Exchange Commission and the Public Company Accounting Oversight Board on Sarbanes-Oxley Section 404. If you’ve been dealing with 404 implementation, you’re probably already familiar with what the proposals say, so I won‘t bore you with another recitation. I do, however, have some observations that […]
Posted inFrom the Archive
Methodologies For Successfully Implementing ERM
This is the last column in the series on enterprise risk management. The first two described the “what” and “why” of ERM—what it actually is, and why companies are using it. The next two highlighted some of the more effective techniques for applying ERM and where executive responsibility for ERM best resides (see box below, […]
Posted inFrom the Archive
Who Should Have Responsibility For ERM?
This is the fourth in a five-part series on enterprise risk management. The first two parts described the “what” and “why” of ERM—what it actually is and why companies are using it. And last month’s column provided some “nuts and bolts” examples of techniques companies are using to get optimum benefits from their ERM processes […]
Posted inFrom the Archive
Techniques To Implement ERM Successfully
This is the third column in my series on enterprise risk management. The first described what ERM is, aimed at providing clarity around what ERM is really all about; last month we discussed the “why” of ERM—that is, why companies are moving forward with an ERM initiative, providing insight into the impetus for ERM and […]
Posted inFrom the Archive
Why Embrace Enterprise Risk Management?
This is the second column in a series dealing with enterprise risk management. In the last column, we described what ERM is, hopefully providing clarity around this topic for readers who might have been struggling to get their arms around it. This column addresses the “why” of ERM—that is, why companies are moving forward with […]
Posted inFrom the Archive
ERM Deconstructed: What It’s Really About
This is the first in a series of columns dealing with enterprise risk management. On the basis of reader surveys and requests, Compliance Week found that there is a strong demand for more information on this important subject; while most readers have some knowledge of ERM, many continue to struggle in understanding exactly what ERM […]
Posted inBoards & Shareholders
A Holiday Wish List For Corporate Boards
A bout this time last year, I wrote a holiday wish list for boards of directors. Doing so enabled me to get some things off my chest—to unburden myself, so to speak, regarding areas where boards can, and should, do better. Now that the holiday season again is upon us, I’d like once more to […]
Posted inBoards & Shareholders
A Series Of Serious Mistakes At HP Board
As I write this month’s column soon after the Hewlett-Packard board fiasco became front page news, I’m enjoying the moment. Having had the privilege recently of being featured on CNBC and Bloomberg TV, I’m now on my way to a speaking engagement on the West Coast, and will be seeing one of my sons this […]
