GRC Insight: Governance, Risk, and Compliance in Context

GRC Insight is highlighting news, trends, and thought leadership in governance, risk, and compliance. We complement it with original opinion, research, and reviews. Save time, and stay on top of your profession.

Tag: Risk Management/ ERM

News Highlight

Governance: Bringing Captive Supply Chains Home

A growing clamor for supply chain diversification and returning manufacturing to the US is going to land in the laps of the c-suite and board. It is starting with outrage at the vulnerability of medical supply chains. But the obvious weaknesses of current globalization are causing a review of all supply chains and their exposure to environmental and political risk.

News Highlight

Where Are the Masks? Supply Chain Reckoning Coming Post Pandemic

There is a coming reassessment of brittle and unresponsive supply chains prompted by the inadequate supply of medical masks. The masks, their non-woven fibers, ventilator parts, air cargo capacity, anticompetitive concentrations, government requisitions, and labor force disruptions are just a few of the third-party and supply chain risks revealed by Covid-19. Already in the U.S. there is strong sentiment to repatriate manufacturing and warehousing of medical goods.

News Highlight

Twelve Activities to Focus the Board and Governance Team During Covid-19

A timely list of twelve key corporate governance issues for board members during our Covid-19 crisis. The pandemic calls for the usual director oversight plus extra vigilance for new threats and opportunities. Directors need to be well-briefed to permit quick comprehension and fast decision making.

Image; woman with thermometer
News Highlight

Covid-19: Health Data. User Tracking App. Industry Disruption. Thermometer?

A smart, connected thermometer may be providing early warning of Covid-19 fever clusters two weeks in advance of the CDC reporting system. With years of modeling data and potentially millions of real time data points, the thermometer network may be able to flag zip codes that would be a priority for corona virus testing.

News Highlight

New Risk: Can our Networks Handle a Nation Working from Home

Have our risk and continuity plans accounted for home network bottlenecks? Our day-job needs and expectations are colliding with our family-scale data networks. We are all home and online together: learning, streaming, gaming, trading, accessing, conferencing. In Europe, some networks and applications have seen traffic increases of 80% and 90%. Seattle has seen total internet traffic increase 30% over January. It is a great experiment. Fingers crossed.

News Highlight

Increase in Sanctions Surges Demand for Compliance Professionals and Outsourced Services

The growing use of sanctions as a policy tool has created a demand for compliance professionals that is outstripping supply. The result is an extremely tight job market and rapid growth of third-party services provided by accounting firms, law firms, and specialized compliance consulting firms. Unemployment for compliance professionals currently stands at 0.2%.