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Inside Internal Controls

News and discussion on implementing risk management

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Evolving employment contract law, political activities and charities

Learn why you need to review your contracts and advocacy practices with Not-for-Profit PolicyPro

As an Executive Director, there are many different areas that need your attention on a daily basis: strategic direction, fundraising, stakeholder engagement, employee and volunteer management, media relations and grant applications, just to name a few.

With all of these factors to manage, keeping up with changes in legal compliance and CRA requirements may not be perceived as a top priority. However, failing to pay attention to compliance can leave your organization vulnerable to the risk of financial penalties and have a negative impact on your reputation.

I want to highlight a couple of recent issues you may want to consider.

 

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Dear Mr. / Mrs. Doe – Please pay up!

What do you do if an anonymous blogger has defamed you online? The first thing you do is…

 

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Hiring controls: a close look at managing the risks of hiring

Human capital is a firm’s most important and profitable asset. Recall Swiss banking giant UBS’ rogue trading disaster in 2011, during which the bank reported a $2.3-billion loss as a result of one man’s unauthorized trading. UBS’ chief executive officer resigned as a result, and the bank also lost two high-ranking executives who took indirect responsibility for the incident…

 

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Third time the charm for copyright reform?

The last copyright amendments in Canada happened in 1997, long, long before copyright piracy entered the mainstream. Now, the Conservative government will make its third attempt to update the law. Will this be their lucky time? The current bill is essentially the same as the previous effort, Bill C-32, which was thwarted after its second reading when the government fell earlier this year on a non-confidence motion. The newly elected government promised to reintroduce the amendments and pass them in short order, and here we are.

 

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A few words about tax risk

I have the privilege of offering our readers information on a diverse range of important topics that few people really want to talk about, like tax risk.

 

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New guide to CSR for small and medium businesses

A business research centre at Cardiff University, Wales, has teamed up with the British arm of the Association of Chartered Certified Accountants to release a new guide on corporate social responsibility (CSR) for small and medium-sized businesses, called The ABC of CSR for small and medium enterprises. If you don’t mind the Welsh, and can handle reading “programme” instead of “program”, then you might find this guide offers some valuable lessons.

 

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IT strategy – avoiding problems, getting the most from your investments

Information technology has infiltrated just about every aspect of business, to the point where it’s nearly impossible to avoid developing a dedicated IT strategy in order to support your main business goals. A new book describes how even minor software troubles can lead to big headaches for organizations, especially if they rely on the software to carry out their business.

 

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Help! I have been defamed online: Practical tips – Part I

Anyone who has been defamed online knows how devastating such experience could be to a person’s professional and social reputation. Indeed, even years later, some victims are still afraid to “google” their names, not wanting to discover an obscure link that contains the defamation.

 

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Angry bloggers beware! – Your anonymity is not guaranteed

Is your boss or co-worker getting on your nerves? Are you irritated with your neighbour? Do you feel like venting out by writing some nasty stuff about them on Twitter or on a blog? If you do it anonymously, no harm done, right?

 

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