Good corporate governance is more important today than it has ever been.
Money is tight, competition is fierce, and reputations are sorely damaged lost overnight. Can good corporate governance practices boost the bottom line? What corporate governance practices do some of the world’s leading companies use to effectively allocate limited resources? How do they manage governance risk compliance and stay competitive?
Can good IT security reduce risk and make your company more competitive? Security failures are increasingly headline news – your customers require you to protect their valuable data, and they will go elsewhere if you don’t. So what are the key components of a solid IT security strategy? How can you best manage changing governance risk compliance standards and crucial vendor relationships for the security you need?
Then there’s the $64,000 question (give or take a couple of million for inflation): how do you ‘sell’ IT security risk expenditure into your organization, when there is often no visible reward? One prominent CIO refers to the ‘theater’ of security – the unnecessary things you have to do to convince people you are secure. Internet fraud expert James Gay speaks of ‘throwing fear grenades’ to drum up funding. Does it work? Does it damage trust?
Talking of trust… social media means every corporate move is scrutinised, and mistakes are punished quickly. Often more quickly than the response time of even the best PR team. Sally Susman, SVP of Corp Comms at Pfizer, described the issue of rebuilding trust in big business as ‘huge’. According to recent stats, only 42% of people trust industry to do the right thing – a drop of 16%. Can a well-conceived and executed corporate governance practices and a corporate philanthropy program help when, according to a recent McKinsey global survey, many executives doubt that their philanthropy programs fully meet their social goals or stakeholders’ expectations? Are corporate philanthropy programs still relevant today?
You’ll find the answers to all of these questions and more here.
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MeetTheBoss, Business TV for corporate governance practices and governance risk compliance.