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Two Cheers for JP Morgan's "Clawbacks"

Harvard Business Review

million in 2011, including $7.5 These announcements are important developments in showing how financial service firms (as well as other companies) can use voluntary adopted compensation recovery policies to discourage bad behavior and excessive risk-taking. Drew earned $15.5 in severance according to this year's Proxy Statement.

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Can JP Morgan Transparently Police Itself?

Harvard Business Review

What makes this case of corporate accountability so important is that it is a discretionary matter of "private ordering" under JP Morgan risk management policies, not under a mandatory rule contained in Dodd-Frank. Risk for one part of the bank might not be appropriate for another part of the bank. We know we were sloppy.

CIO 8
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What the EPA’s Clean Power Plan Looks Like in Practice

Harvard Business Review

Americans — and American companies — have also connected the dots between clean energy and economic growth, with 87% last year saying that developing clean energy should be a priority for the President and Congress. Government Risk management Sustainability' over the last 18 months than the previous 30 years combined.

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Strengthen Your Workforce Through Volunteer Programs

Harvard Business Review

Corporate volunteer programs range from one-day community service activities to mini-sabbaticals that send top performers to developing countries to lend their expertise to nonprofit organizations and proven entrepreneurs. Such volunteer assignments can do more than inject excitement into a humdrum job; they can ignite a career.

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Sustainability in Financial Services Is Not About Being Green

Harvard Business Review

Trust reached an all-time low of 24 percent in 2011, down from 69 percent in 2008.". As a result, institutions in the financial services sector risk losing their license to operate — the permission to conduct business granted by customers, partners, and government. Finance Sustainability SASB'

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The Comprehensive Business Case for Sustainability

Harvard Business Review

” Improving risk management. Climate change, water scarcity, and poor labor conditions in much of the world increase the risk. Managing risks therefore requires making investment decisions today for longer-term capacity building and developing adaptive strategies. billion in mining projects since 2010.

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Mother Nature Doesn't Do Bailouts

Harvard Business Review

Munich Re reports that natural disasters in 2011 caused insurance companies to substantially spend down cash reserves, with payouts exceeding premiums in the US by 16%. Droughts and floods also enter the risk picture for any company dependent on an agricultural supply chain.