You’ve seen much written and spoken about chief compliance officers, chief risk officers, and persons holding similar job titles. And there’s no doubt, in the aftermath of Sarbanes-Oxley and the renewed focus on risk and compliance, that an increasing number of companies now have or are in process of establishing such roles. Senior managements and […]
Richard M. Steinberg
Posted inInternal Controls
Integrated Response To SOX 404, USSC, OCEG, COSO ERM
Without reading minds, it’s safe to say you’re likely at the end of your rope with Sarbanes-Oxley Act Section 404. Whether you’re a board member, CEO, CFO, compliance officer, chief audit executive or have another significant role in the effort to report on your financial reporting controls, you’ve put in more time and effort than […]
Posted inBoards & Shareholders
What’s Next? Back-To-Business Boardroom Observations
If you’re a director or otherwise involved in your company’s corporate governance, you’ve probably done a lot—and accomplished a tremendous amount—during the past year. You’ve updated charters, amended codes of business conduct, and established whistleblower procedures. You’ve ensured your board has the right expertise, is appropriately independent, and regularly holds executive sessions. You’ve designated an […]
Posted inBoards & Shareholders
Getting Your Arms Around Enterprise Risk Management
This month, Compliance Week is pleased to introduce the debut column of Richard M. Steinberg, an advisor to boards and executives on corporate governance. The former corporate governance practice leader at PricewaterhouseCoopers, Steinberg is also well known as a co-author of the COSO “Internal Control—Integrated Framework.” A sought-after speaker and widely published author on topics […]
Posted inInternal Controls
Take Control: Do You Know Your Role In Internal Control?
With the continued emphasis on Sarbanes-Oxley and related regulatory mandates, managers are never far removed from the topic of internal control. And a recurring discussion topic revolves around responsibility—just who should own internal control? It’s not an unreasonable query—penalties for failure to follow the dictates of Sarbanes-Oxley and related laws make compliance a personal and […]
Posted inBoards & Shareholders
Where Boards Of Directors Go Wrong: 10 Points
Lots of “governance experts” claim they work with the boards of Fortune 100 companies, but Rick Steinberg actually does it. The former corporate governance leader at PricewaterhouseCoopers, who also founded the firm’s risk management and control consulting practice, Steinberg has literally written the standards on which most public companies rely. He is co-author of the […]