article thumbnail

SVB’s Failure Reminds Boards To Prioritize Risk Management

Chief Executive

This is a reminder to all directors that lack of attention to risk management and oversight can sink a company and ruin careers. Do any of your board members have previous experience sitting on a risk committee or serving as a chief risk officer? If not, you may need to recruit a director with risk management credentials.

article thumbnail

How to Ensure Your Organization’s Digital Transformation Succeeds

Michael McKinney

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 These transformations typically involve a profound change in how a business operates, encompassing people, process, and technology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Haiti Humanitarian Air Bridge: Facilitating Aid

UVA Darden

The operation of these flights to Haiti saved the aid community more than $1.24 Upcoming flights will support cholera recovery and deliver ongoing aid even as the escalating gang violence continues to challenge NGO aid operations in Haiti. million in transportation and logistics costs. Two resources are key to this effort.

article thumbnail

IT strategic plan (beginner’s guide)

Walk Me

The core components of an IT strategic plan are IT objectives (which must align with general business goals), the strategic initiatives and actions, IT capabilities, risk management & security, and performance metrics. IT governance information. Risk management and security information.

article thumbnail

The Plastics Solutions Alliance: A Recycling Value Chain in Timor-Leste

UVA Darden

Operations & Technology. Like many countries around the world, Timor-Leste faces the urgent challenge of finding solutions to manage a growing stream of plastic. Like any other developing country, it has limited government resources to build this infrastructure on its own. Fri, 08/12/2022 - 10:32. 12 August 2022. Maggie Morse.

Scaling 83
article thumbnail

Corporate Sustainability Pioneer Coro Strandberg on the Importance of Doing Good While Doing Well

Association Now Leadership

Think customer attraction, innovation, market opportunities, operating cost savings, and risk management. They need to be relevant to governments. Failing to prioritize issues of environmental, social and governance (ESG) means not representing the interests of members.

article thumbnail

Report Says Many Boards Fear Cyber Attack, But Haven’t Addressed Cybersecurity

Chief Executive

A rise in cyber incidents over the last few years prompted the Security and Exchange Commission to propose new cybersecurity disclosure requirements in March that would protect investors by requiring public companies to disclose cybersecurity incidents quickly and detail company cybersecurity risk management practices and board oversight policies.