Although the coronavirus situation is constantly changing, lawyers say there are several areas of corporate life that are going to test compliance officers and which management will need greater assurance on.
Supply Chain
Posted inRisk Management
‘Force majeure’ in spotlight with coronavirus; what’s next?
The coronavirus pandemic has elevated “force majeure”—a rarely-used, relatively obscure contract provision—to a top-of-mind issue for companies scrambling to figure out where gaps are forming in their supply chain.
Posted inBoards & Shareholders
Ten steps your business can take to mitigate coronavirus risks
As the coronavirus worldwide pandemic spreads, the ramifications for any business has gone from temporary disruption to a serious impediment. Here are 10 steps your company can take to mitigate its risks.
Posted inInternal Controls
Compliance best practices for ever-evolving Iran sanctions
A new executive order issued in January places additional sanctions on a much broader portion of Iran’s economy and, from a compliance and risk management standpoint, puts a broader range of companies in the crosshairs of U.S. enforcement.
Posted inInternal Controls
Coronavirus’ negative effect on global shipping could last weeks, or months
Companies wondering how to handle risks the worldwide coronavirus outbreak will have on global supply chains should look for clues to the Great Recession of 2008-09, the last time so much capacity stood idle.
Posted inInternal Controls
Coronavirus safeguards mean corporate ghost towns in China
China’s economy may be stuck in neutral for months by mandated quarantines and business shutdowns as well as resistance from local authorities to issue work resumption permits.
Posted inRisk Management
Coronavirus impact: How tech, medical, retail industries are responding
Surrounded by uncertainty, the coronavirus outbreak has quickly catapulted high on the list of hot risk topics for business leaders everywhere.
Posted inRisk Management
Disruptions caused by coronavirus affecting global supply chain
The burgeoning coronavirus outbreak not only sent markets crashing on Monday, it also put a spotlight on companies whose supply chains have been severely disrupted by the ongoing crisis.
Posted inAnti-Bribery
Airbus contractors feeling ripple effect from record fine
Airbus is free to go about its business after paying a record fine to three anti-corruption agencies for widespread bribery, but the trouble is only beginning for some of its implicated contractors.
Posted inTechnology
NIST seeks comment on ransomware, cyber-attack guidance
The National Institute of Standards and Technology is seeking input on a trio of draft guidance published in the past week. Two of the drafts address ransomware attacks, and the third addresses protecting against cyber-attacks in the supply chain.
