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Risk Management Archives - Ideas for Leaders

Non-Executive Board Members More Risk Averse than Executives

Corporate board of directors are composed of executives (CEOs and CFOs) and non-executives. In the U.S. and the UK, the executives and non-executives are grouped on one board. In Europe, the executives form one board, and the non-executive members form a distinct ‘supervisory’ board. Together, the CEOs, CFOs and non-executive board members make up what […]

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Corporate Governance: The Power of Outside Directors on CEO-Only Boards

More and more board of directors have the CEO as the only insider on the board. At first glance, this movement toward near unanimous outside directors would seem to meet the mandate of independent oversight and governance that have defined corporate boards since the corporate scandals of the 1980s and 1990s. In fact, new research […]

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Cyber-Attack Catastrophe: Lessons from a Plausible Risk Scenario

The extensive damage caused by computer hackers accessing the confidential information held within a company’s information technology is, unfortunately, well documented. But beyond compromising millions of customers or accessing company secrets, a cyber attack on an SITE (systemically important technology enterprise) could be even more catastrophic, potentially damaging the global economy and undermining the value […]

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How Well Is CSR Embedded in Business Strategy?

Corporate social responsibility and sustainable development are increasingly linked to competitive advantage and innovation. Harvard’s Michael E. Porter and Mark R. Kramer have, in recent years, ‘reframed’ CSR as ‘shared value’, pointing to the business opportunities in ‘unmet social needs’. Meanwhile, the external pressures for responsible business — from governments and regulators and from shareholders […]

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Do Soldiers Make Good CEOs?

Do soldiers make better CEOs? There is no doubt that the hands-on leadership lessons learned in combat — or in preparation for combat — can seldom be matched by any corresponding leadership learning from business school or a typical corporate environment. Given the stress of war or training for war, ex-military business leaders may be […]

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Reflective Leadership to Counter Corruption in Emerging Markets

Despite decades-long efforts to eradicate it, corruption continues to be a serious business risk in emerging markets. Policies by national and international governments have had only limited success; so, too, have strategies by companies. The difficulties are often said to be particularly great in Russia, where the rule of law has been diverted by a […]

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