Competition
April 16, 2018 Ethics &Compliance Matters ™, Navex Global ® Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Financial Compliance / Planning / Management, Fraud and Corruption, Leadership and Management, Privacy Compliance and Management,
To be wildly effective, compliance officers should have a positive working relationship with the other functions in the business, especially Legal, Audit and Human Resources.
beyond compliance, compliance, compliance strategy, corporate strategy, wildly effective compliance officers
April 12, 2018 Occasional Contributors Business and Legal Issues, Competition, Corporate Governance, Intellectual Property, IP, IT, Privacy and Security, Leadership and Management,
Employers must keep in mind the fact that there is a thin line between, on the one hand, confidential information belonging to a company that remains protected by virtue of the duty of loyalty and, on the other hand, the personal knowledge and skills that an employee has acquired throughout the years and is entitled to bring to a competitor.
Confidential information, corporate assets, employment contract, non-competition clause, protect trade secrets, termination, trade secrets, workforce mobility
March 28, 2018 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Budgeting and Auditing, Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting,
Some organizations and consultants are wedded to the idea that the level of risk can be quantified and calculated as the magnitude of a potential effect (or consequence) multiplied by its likelihood.
risk control, risk management, risk to objectives, risks
March 6, 2018 Yosie Saint-Cyr, LL.B., Managing Editor Accounts payable and receivable, Business and Legal Issues, Competition, Corporate Administration, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, Leadership and Management, Records Management and Retention, Sales, Marketing and Operations,
Door-to-door sales contracts have been among the top complaints received by the Ministry of Government and Consumer Services. Starting March 1, 2018, Ontario has banned unsolicited, door-to-door sales of certain household appliances to better protect consumers from aggressive and misleading contracting at home. This will bring about some changes for some companies business model and marketing strategies.
10-day cooling-off period, aggressive and misleading door-to-door contracting tactics, Consumer goods and services, contracts, Door-to-door sales contracts, Internal Controls, marketing materials, Ontario Minister of Government and Consumer Services, Record keeping and retention, Suppliers, Vendors
February 20, 2018 Yosie Saint-Cyr, LL.B., Managing Editor Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management, Payroll and Personnel Management, Sales, Marketing and Operations,
On January 17, 2018, the federal government announced two new initiatives to hold Canadian companies doing business and operating abroad accountable for human rights violations abroad.
Canadian Ombudsperson for Responsible Enterprise, compliant driven and investigation process, damage the reputation of Canadian companies, Extractive Sector Corporate Social Responsibility, Global marketplace, Guiding Principles on Business and Human Rights, human rights violations abroad, Internal Controls, international corporate social and environmental responsibility standards, Minister of International Trade, Multi-stakeholder Advisory Body, OECD Guidelines for Multinational Enterprises, risk management
February 14, 2018 Norman D. Marks, CPA, CRMA Business and Legal Issues, Competition, Finance and Accounting, Leadership and Management, Payroll and Personnel Management, Sales, Marketing and Operations,
One of the risks identified by many organizations as significant and included in the risk disclosures required in corporate filings, such as the annual and quarterly filings with the U.S. Securities and Exchange Commission, is the loss of key personnel.
game theory, game theory in risk management, risk, risk management
January 10, 2018 Norman D. Marks, CPA, CRMA Business and Legal Issues, Competition, IT, Privacy and Security, Leadership and Management, Sales, Marketing and Operations, Software Acquisition, Implementation and Maintenance, Systems Acquisition, Maintenance and Disposal,
The Cuban Missile Crisis is frequently cited as an example of the use of Game Theory. I am talking about the situation confronting the Kennedy government when they found that the USSR had installed missiles in Cuba that were capable of hitting American cities with nuclear weapons. Here is a link to a summary of […]
competitors, Cuban Missile Crisis, Customer service, decision-making, game theory, highest margin product, Internal Controls, line of products, Lower prices, market share, Market Share Game, PhD, risk management, risk-taking, Ruth D. Fisher, variety of risks and opportunities
January 3, 2018 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Backup and Disaster Planning, Business and Legal Issues, Competition, Finance and Accounting, IT, Privacy and Security, Leadership and Management,
COSO ERM talks about the possible effect of an event on objectives, and in common parlance we are talking about something happening that has an effect on the organization. (COSO thinks of risk as the possibility of that event occurring; ISO talks about risk as the effect of what might happen on objectives.)
COSO ERM, disaster recovery, disaster recovery plan, risk event, risk management
December 13, 2017 Occasional Contributors Business and Legal Issues, Competition, Corporate Governance, Finance and Accounting, Sales, Marketing and Operations,
On May 16, 2017, Bill C-30, Canada’s legislation to implement the Comprehensive Economic and Trade Agreement (CETA), a free trade agreement between Canada and the European Union, received royal assent.
Canada Border Services Agency Request for Assistance program, CETA, Comprehensive Economic and Trade Agreement, Trade-marks Act
December 12, 2017 Occasional Contributors Business and Legal Issues, Competition, Finance and Accounting, Financial Compliance / Planning / Management, Government Budget, Throne Speech and Plans, Sales, Marketing and Operations,
Since the withdrawal of the United States from the Trans-Pacific Partnership within three days of President Trump’s inauguration, which many thought would result in a fatal blow to the deal, negotiators from the remaining TPP-11 have been quietly meeting to revive the agreement.
CETA, NAFTA, North American Free Trade Agreement, TPP-11, trade agreement, Trans-Pacific Partnership
December 6, 2017 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Business and Legal Issues, Competition, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management,
Devotion to remaining within risk appetite (if you can even express one that will proactively guide decision-makers) is likely to make you risk averse – and focusing on avoiding harm is the path to avoiding success.
COSO ERM, risk, risk appetite statements, risk management
November 15, 2017 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Backup and Disaster Planning, Budgeting and Auditing, Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Sales, Marketing and Operations, Systems and Data Management,
It has been 13 years since the original COSO ERM Framework and eight years since ISO 31000:2009 was published. The updated COSO ERM Framework was an opportunity for COSO to “leap forward”. But did it?
COSO ERM Framework, enterprise risk management, ERM, ISO 31000:2009, risk, risk appetite, risk management, risk profile, strategy-setting
November 10, 2017 McCarthy Tétrault LLP Business and Legal Issues, Competition, Finance and Accounting, Intellectual Property, IP, Not for Profit, Payroll and Personnel Management, Records Management and Retention, Sales, Marketing and Operations, Volunteers and Employee Relations,
Restrictive covenants are often a key component of employment agreements and commercial transactions. Enforceability, however, can be challenging, especially in the employment context
blue pencil severance, competition, employment agreement, employment contracts, employment law, Human Resources, non-competition clause, non-solicitation clause, restrictive covenant
November 8, 2017 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Backup and Disaster Planning, Budgeting and Auditing, Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Sales, Marketing and Operations, Systems and Data Management,
My impression is that COSO only tinkered with the draft. But, have they done enough to move practices forward, in the right direction? Will this update change the percentage of executives answering the piercing question by Deloitte, “Does risk management support, at a high level, the ability to develop and execute business strategies”, up from 13% close to 80%?
COSO ERM draft, COSO ERM Integrated Framework, ERM draft, risk appetite, risk management, risk profile, risk register