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Viewing Category: Tone at the Top

Failed Risk Controls – The Wells Fargo Saga, Part Two

Published on April 17, 2017 By | Posted in: Blog, Board of Directors, Tone at the Top, Wells Fargo

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 breakdown of risk control processes at one of […]

Strengthening Third Party Risk Management with Agnostic Program Tools

Published on December 14, 2016 By | Posted in: Agreed Upon Procedures (AUP), Blog, Newsletter, 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, Vendor Risk, Vendor Risk Management Maturity Model (VRMMM), Vendor Risk Managment, 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 and through termination, the Program Tools helps organizations effectively manage the critical components of […]

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

Published on October 31, 2016 By | Posted in: Blog, Board of Directors, Huffington Post, Tone at the Top, Wells Fargo

“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 five thousand employees […]

Wrestling with Vendor & Incident Response Management

Published on May 18, 2016 By | Posted in: Blog, Incident Reponse, Risk Management, Shared Assessments, Shared Assessments Summit, Third Party Risk, Third Party Risk Management, Tone at the Top

I’m sitting in the bleachers watching my sophomore son wrestle in an all-day varsity tournament. As the bodies tangle, each wrestler is looking to expose and act on their opponent’s vulnerability. As I thought about strategy I realized this process is similar to managing vendor risk. This week, the Shared Assessments Program is hosting its […]

2016 Tone at the Top and Third Party Risk: Upcoming Report from the Ponemon Institute and Shared Assessments

Published on April 27, 2016 By | Posted in: Larry Ponemon, Ponemon Institute, Third Party Risk, Tone at the Top

The Shared Assessments Program sponsored a new study, conducted by the Ponemon Institute, which explores the role of executives in the risk management process in order to determine the role of Tone at the Top in minimizing business risks within organizations. The new report, Tone at the Top and Third-Party Risk, is due to be […]

It Takes In-Tune Tone at the Top to Shape an Effective Risk Management Culture

Published on March 29, 2016 By | Posted in: Blog, Board of Directors, Newsletter, Risk, Risk Management, Tone at the Top

Good risk management is heavily process-dependent and without risk-focused leadership that enables effective structure and process security and operational risk activities may remain suboptimal. Shared Assessments developed In-Tune Tone at the Top in direct response to the increasingly disturbing financial, reputational, legal and regulatory consequences that, in part, arise from insufficient Board and C-Suite engagement […]

Tone at the Top: Risk Governance Convergence in the C-Suite

Published on February 19, 2016 By | Posted in: Blog, Risk Compliance, Tone at the Top

Last week I had the opportunity to present at the 2016 Deluxe Exchange Client conference on the convergence of Risk & Governance today at Board and Executive levels of organizations. The theme focused on how critical the “Tone at the Top” has become in enabling a more strategic conversation on risk & compliance in today’s […]

The Seemingly Illusive Nature of Tone at the Top

Published on October 28, 2015 By | Posted in: Newsletter, Tone at the Top

Think Tone at the Top doesn’t matter? A front page headline in the Friday, September 25th New York Times Business Day section, commenting on Volkswagen’s use of sophisticated software to circumvent omissions standards, read “Problems at VW Start at the Boardroom” and continued “The governance of Volkswagen was a breeding ground for scandal. It was […]

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