Tag: risk assessment

COSO Issues New Guidance on Managing Environmental and Social Risks

The Committee of Sponsoring Organizations (COSO) released new draft guidance in February for applying its Enterprise Risk Management framework to risks related to environmental, social, and governance (ESG) issues.  ​ The existing COSO framework, Enterprise Risk Management — Integrating with Strategy and Performance, is one of the most widely recognized and Read More

Sexual Misconduct Raises Financial Risks for Companies that Don’t React

When Steve Wynn became the subject of allegations that he committed a series of sexual assaults, shares in his eponymous gaming company plunged 18 percent. Wynn is just the latest in a raft of sexual harassment and gender-based violence claims that have spread through the finance, technology, media, and other Read More

Workplace Class Action Settlement Payouts Skyrocketed Last Year

The monetary value of the top workplace class-action settlements rose dramatically in 2017, eclipsing the previous high reached two years earlier by almost 10 percent, according to the latest annual report by law firm Seyfarth Shaw. The top 10 settlements last year had an aggregate value of $2.72 billion, compared Read More

help with scoring risks

Map Helps Assign Risk Likelihood and Impact Scores

If you are looking for some added insight on the likelihood and impact of global risks as part of conducting your periodic risk assessment, a new tool from the World Economic Forum may provide some assistance. The organization, known for its annual conference in Davos, Switzerland, which concluded last week, recently Read More