Safeguarding your futureMassive government interventions in the financial sector may have prevented even more calamity, but great uncertainty still lies ahead. So it’s imperative that you form a strategic view of all the risks you now face. This means defining what your key risks are, weighting their probability and impact on business drivers — and developing your thinking on actions to take. Ernst & Young can support you in this. We can undertake risk assessments that go beyond financial and regulatory risk to consider the wider environment in which you operate. We can conduct scenario planning for your key risks to make sure your risk management processes are linked to the actual risks that your business faces. And we can help you put in place effective monitoring and control processes that give you earlier warnings, and enable you to respond quickly and effectively. This rigorous and disciplined approach to risk management helps you safeguard the future of your business — and supports you in facing the challenges of the recession. | US financial regulatory reform Q&A The US Congress has completed its work on the most significant overhaul of financial regulation since the 1930s. Read about its significance and expected impact, its provisions for the financial services sector, the key corporate governance and SEC provisions, and what comes next. The top 10 risks for business In today's post-downturn economy, a variety of business risks have emerged -- and some have become more prominent. From the threat of increased regulation to emerging markets to social responsibility and more, our survey of leading industry executives shows which risks you should be prioritizing this year. Driving ethical growth? More than half of companies say they will look for growth opportunities in the next 12 months, but expansion or acquisitions in new markets may expose them to increased bribery and corruption risk. These risks appear to trigger serious concerns about personal liability among directors. Learn more in our 11th Global Fraud Survey as we explore the potential challenges that come with the drive for growth. Global Fraud Survey webcast Organizations that expand their operations overseas are often exposed to the threat of corruption and fraud. Watch our recent Thought Center Webcast where executives, based in 36 countries, discussed how they met the challenge of achieving growth in emerging markets while managing risks and meeting compliance requirements. Manage risk in the current climate This issue of BoardMatters Quarterly, "Managing risk in the current climate" (pdf, 610kb), is dedicated to helping audit committees identify, prepare for and protect against the key risks their companies may face during these strenuous times. |
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