Best Practices

Best Practices For Board Risk Committees

by Sabine Zimmer | October 8, 2020 | Board of Directors, Corporate Culture, Tone at the Top

In partnership with Women Corporate Directors, The Santa Fe Group (managing entity of Shared Assessments) has explored the need for Board Risk Committees through a two-part webinar series. This blogpost describes the case for Board Risk Committees (BRC) and summarizes  the best practices for BRC ....

Relationships

5 Ways To Strengthen Board’s Relationship With Cybersecurity

by Sabine Zimmer | February 12, 2020 | Board of Directors, Corporate Culture, Tone at the Top

Cybersecurity’s emergence as a strategic risk has instilled the relationship between chief information security officers (CISOs) and board members with greater importance -- and higher stakes. Fostering a stronger cybersecurity capability requires directors to take their relationship with CISOs (a ....

CISO Board

5 Ways CISOs Can Deepen Board Relationships

by Sabine Zimmer | February 12, 2020 | Board of Directors, Corporate Culture, Tone at the Top

Cybersecurity has swiftly become a strategic risk and a top boardroom concern. This shift has elevated the importance of the relationship between a company’s chief information security officer (CISO), or similar information technology (IT) executive, and its board -- especially with directors serv ....

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Failed Risk Controls – The Wells Fargo Saga, Part Two

April 17, 2017 | Board of Directors, Corporate Culture, Tone at the Top

By: Bob Jones, Senior Advisor, The Santa Fe Group, Shared Assessments Program and Gary Roboff, Senior Advisor, The Santa Fe Group, Shared Assessments Program. The Sales Practices Report released by the Board of Wells Fargo on April 10th provides an extraordinary behind the scenes look at the brea ....

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Strengthening Third Party Risk Management with Agnostic Program Tools

December 14, 2016 | Agreed Upon Procedures (AUP), Press Release, Program Tools, Risk Assessment, Risk Management, Shared Assessments, Standardized Information Gathering (SIG), Third Party Risk, Third Party Risk Management, Tone at the Top, Tools & Templates, Vendor Risk, Vendor Risk Management, Vendor Risk Management Maturity Model (VRMMM), Vendor Security

Third party mishaps resulting in breaches and other newsworthy events continue to drive home the need for improved risk management program capabilities in all verticals. From planning for engagement, through due diligence and vendor selection, contract negotiations, ongoing and continuous monitoring ....

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Tone At The Top: Culture Counts — The Wells Fargo Saga

October 31, 2016 | Board of Directors, Tone at the Top

“Tone at the Top” has become an often-quoted mantra in business circles but it appears to have shed a rather dim light when evidenced by the continuing saga at Wells Fargo. In a nutshell - in case you haven’t followed the recent news reports - the San Francisco-based bank recently fired over f ....

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