The Network in the News
Corporate Fraud Cases Decreasing?
March 26 2010
Today’s most recent reports of corporate fraud may pale in comparison to the Enron/WorldComonslaught of the early 2000s, but they’re still here—reminders that executive-wealth-inflating wrongdoings are not yet completely eradicated.
The most recent reminder? The stock-options backdating criminal trial of Bruce Karatz, who resigned as CEO of Los Angeles-based KB Home in 2006, taking place now in U.S. District Court in Los Angeles.
The Los Angeles Times offers a disturbing portrait of Karatz, 64,…
Building a Strategic Social Media Policy That Supports an Ethics-Driven Culture
March 18 2010
The majority of employees fully embrace the Web 2.0 world, including Facebook, Twitter, LinkedIn and YouTube. In fact, YouTube receives more than 1 billion views per day, and Facebook and Twitter both experienced triple-digit growth in 2009. If your Human Resources department doesn’t have a strong sense of employee’s social media activities, then you need to start the discussion on appropriate engagement as social media continues to grow explosively.
There are many departments…
Insider Fraud Down
March 16 2010
Good news for companies industry-wide: While the reporting of fraud-related incidents has significantly increased over time, especially a surge of in-house fraud in 2008, fraud reports have stopped climbing in 2009—even decreasing slightly in Q3 and Q4 of 2009, according to the Quarterly Corporate Fraud Index.
The Network Inc., a provider of governance, risk and compliance solutions, along with BDO Consulting released the Q4 2009 findings of its Quarterly Corporate…
Your Brand Reputational Value Is Irreplaceable. Protect It!
February 01 2010
It’s a bigger part of your business’s assets than ever before. You can’t afford to let it be endangered.
Three decades ago as much as 95% of the average corporation’s value consisted of tangible assets, according to a report by Thomson Reuters and Interbrand. Today 75% of that average corporation’s value is intangible.
In other words, a business’s most valuable asset is its good name, its brand and reputation. In a recent survey released…
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IN THE NEWS
Top 12 GRC Considerations for Financial Companies in 2012
While regulation is certainly not a new concept to the financial industry, the risks posed by regulatory non-compliance will continue to drive global enterprises to tighten their focus on risk management – literally, the center of GRC – and find the balance between business value and business ethics.
PRESS RELEASES
The Network and BDO Consulting Release 3Q Quarter 2011 Findings in the Corporate Fraud Index
Led by reports of theft, fraud incident reporting sets high mark; reporting volume increases substantially from previous year.
