The Balancing Act Between Corporate Hospitality and Regulatory Disaster: 5 Things to Know
The allure of the Olympics--the inspiration, the energy, the elite athleticism you can witness firsthand--offers unique opportunities for corporate hospitality and relationship building. Especially the kind that drives new business growth and impact. But it also raises significant questions about gifts, hospitality, ethics, and governance, risk, and compliance (GRC). Balancing Opportunity with Compliance Future Olympic games coming up next in Italy, the U.S., and Australia represent ...
The Untapped Resource in GRC-Ethics Synergy
Imagine steering a ship where the compass and map aren't in sync. You know where you want to go, but aligning your direction with your destination is a challenge. That's often what it feels like when Governance, Risk, and Compliance (GRC) strategies operate separately from Ethics & Compliance (E&C) Learning programs. Risk and compliance teams now average 15 people and continue to grow. Yet, the drive to ...
The Essential GRC Glossary for Business Decision-Makers
In today’s fast-evolving business landscape, the necessity for a comprehensive ethics, governance, risk, and compliance (GRC) strategy is undeniable. That’s where an essential business GRC glossary comes into play. As a decision-maker, whether you’re a risk manager, compliance officer, or an IT security specialist—your grasp of Governance, Risk, and Compliance (GRC) terminology—whether weak or strong—can profoundly influence your organization’s decision to invest in software and ...
How Can Compliance Officers Turn Risk into Opportunity?
The pressures on compliance officers are mounting more and more each day. From the rapid rise of AI and its associated concerns—such as bias, privacy, and ethics—to the growing need for emotionally intelligent leadership, compliance officers are called upon to manage these risks. And to navigate crises with agility, empathy, and foresight. In honor of Compliance Officer Day—a holiday created by SAI360 to celebrate the critical ...
Compliance Officers Must Reinvent Themselves. Here’s How.
Compliance is about more than just following rules. It's about shaping the future of corporate integrity. In celebration of SAI360's National Compliance Officer Day, Tamara Ginciene, Founding Partner of Hinz Governance & Business Integrity, chatted with SAI360 to explore the transforming role of compliance. She says there’s a compliance evolution happening now. One that demands a new breed of compliance professionals who can adapt quickly and ...
What to Know About the EU AI Act, Effective August 2024
The European Union's AI Act (EU AI Act), effective starting August 1, 2024, represents a comprehensive regulatory framework aimed at managing artificial intelligence applications based on their associated risks. This landmark regulation introduces a tiered system. One that classifies AI systems into the following risk categories (each tied to distinct compliance requirements): Low/no-risk Limited risk High-risk Why was the EU AI Act created? To foster ...
Is Your Company Ready? 10 Regulatory Compliance Issues to Watch in 2024
Regulatory compliance issues in 2024 are undergoing significant shifts, with new laws and standards being introduced worldwide. In the meantime, the European Union is rolling out stricter data privacy regulations, impacting companies across sectors. Additionally, several countries are tightening anti-corruption laws in response to recent bribery scandals involving multinational corporations. In addition, the EU AI Act came into effect in August of 2024. Staying informed about these ...
Can Your Company Withstand the Heat? Climate Change Continues Threatening Business Resilience
This summer, climate change has dominated the media headlines. Unprecedented heatwaves have swept across the globe, affecting millions and highlighting the urgent need for businesses to adapt to this new climate reality. A quick snapshot? In India, temperatures soared to 47°C/116°F, disrupting the world's largest democratic elections and affecting voter turnout. Meanwhile, Canada is battling its most destructive wildfire season, with fires fueled by prolonged ...
Are Your DE&I Strategies Keeping Up with the Times?
Diversity, equity, and inclusion (DE&I) is undergoing significant changes in the business world. In short, some renowned, large-scale companies are shifting gears to minimize or mitigate their DE&I initiatives. One large organization announced dropping the word "equity" from its DE&I strategy. Reports Axios, this intentional decision to focus on "Inclusion and Diversity" (I&D) rather than DE&I is both a strategic choice and a response to ...
