N2Growth Blog

AUGUST 22, 2010

Moreover, in today’s litigious and compliance oriented world where the CEO is no longer out of reach, it’s just plain smart to take a more hands on approach. If your CMO is making all of your brand decisions there will be h*ll to pay down the road.

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Blog Gordon CEO Consultative 401

Harvard Business Review

OCTOBER 31, 2017

Most of the regulation was meant to safeguard the financial system, and the taxpayers who had to bail it out, from another crisis. They are subject to more rigorous stress testing by regulators and have to develop plans aimed at ensuring that they can recover from a crisis. As these parts of the business have shrunk, others have grown.

Banking 8

Banking Crisis Bottom-up Compliance 8

Chartered Management Institute

FEBRUARY 26, 2024

In all sectors, tensions exist between competing pressures such as resources, finance, time and workload. Compliance is not the answer in an uncertain, complex world.” Compliance is not the answer in an uncertain, complex world Gareth Lock, founder of The Human Diver Fail safely It’s also important to avoid outcome bias.

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Uncertainty Risk Management Training Compliance 52

Harvard Business Review

MARCH 3, 2015

Since the financial crisis of 2008, a major question has been how banks can restore the trust of their clients. To address this concern, banks have been hiring an increasing number of compliance officers. For example, JP Morgan has hired an additional 13,000 people in the area of compliance since 2012.

Banking 8

Banking Compliance Officer Compliance Crisis 8

Harvard Business Review

MARCH 13, 2012

For example, in a machine shop where safety gloves often went missing, the company centralized access to new gloves; required request forms for new gloves, with supervisor approval; and had auditors check for compliance. With the chart below , he implies that regulatory complexity was one cause of the financial crisis.

Banking 12

Banking Compliance Guidelines Crisis 12

Harvard Business Review

NOVEMBER 5, 2012

In the aftermath of the global financial crisis and numerous corporate scandals, a director now confronts not only complex oversight accountability, but also personal risk and liability. Foundational — survival — boards focus on compliance; they play it safe. Clearly, this is a job not for the faint of heart.

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Compliance Maslow Short-term Long-term 9

Harvard Business Review

MAY 23, 2012

A rules and compliance-based approach may work well for managing preventable risks, but is inadequate for strategy and external risks as companies that failed during the financial crisis illustrated all too well. The compliance-oriented risk manager of a failed U.K. The compliance-oriented risk manager of a failed U.K.

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Risk Management CIO Management Banking 9

HR Digest

SEPTEMBER 30, 2020

The responsibility can range from just shopping for essentials to arranging doctor’s appointments, providing transportation, taking care of finances and medicines or even a full-fledged role of assisting in their daily tasks. There are very few people who have at some point in their lives not taken up a caregiver’s role. In the U.S.

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Absenteeism Policies Cost Human Resources 105

Harvard Business Review

OCTOBER 6, 2016

The bank proudly held itself apart from its New York–based peers after the financial crisis and regularly touted its “ culture of caring.” Wells Fargo leaders also seem to be blind to the significance of this crisis — both for consumers and for its own culture. Why risk it?

Banking 10

Banking Committee Leadership Ethics 10

Harvard Business Review

JUNE 8, 2018

This notion, that risk is a desirable feature, can seem like sacrilege to anyone who’s taken an introductory finance course. Another CFO mentioned that it will take a full-blown crisis, such as the 2000 dot-com meltdown, to force substantive changes in the standard setting process.

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Report GAAP Net Present Value CFO 8

Harvard Business Review

DECEMBER 21, 2016

Similarly, Erik Erikson, another famous psychologist, introduced the idea of the identity crisis. We may believe that non-compliance endangers our role in the family. After a lifetime of complying to others’ expectations, Tina was experiencing what Erikson would call a delayed identity crisis.

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Self-aware Crisis Depreciation Banking 8

Harvard Business Review

OCTOBER 24, 2014

Here’s how he defined it: Culture relates to the implicit norms that guide behavior in the absence of regulations or compliance rules—and sometimes despite those explicit restraints. Compensation Ethics Finance' Culture reflects the prevailing attitudes and behaviors within a firm. I now have a Ph.D.

Banking 9

Banking Ethics Long-term Hedge 9

N2Growth Blog

AUGUST 16, 2010

If recruiting, training and development is being charged to a mid-level manager whose real domain expertise lies in administration and compliance then talent will likely become your largest contingent liability as opposed to your biggest asset. I would encourage you to read a previous post on “ Workforce Reduction.&#

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Blog Politics Mission Statement Brand 310

Harvard Business Review

SEPTEMBER 26, 2014

This is a big deal, and for much more than the legal/compliance reasons discussed in the piece. Ethics Finance Government' The other smoking gun is that Segarra pushed for a tough Fed line on Goldman’s lack of a substantive conflict of interest policy, and was rebuffed by her boss. This won’t be an easy thing to fix.

Banking 9

Banking Conflict of Interest Hedge Policies 9

Harvard Business Review

OCTOBER 3, 2013

Some of these problems occurred before the 2008 crisis and some since then. These business leaders must, however, be aided by highly competent legal, financial, risk, compliance, audit and technology staff. And will the intensity and focus of top management remain in 12 or 18 months when the current crisis has passed?

Banking 8

Banking Management Ethics Letter 8

Harvard Business Review

APRIL 18, 2012

Earlier this week, on April 16, the US nominee Jim Yong Kim was selected over Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo. The choice of who will lead the World Bank has been made. In short, the age of Post-Western globalization is upon us. But haven't we heard this before?

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Globalization Banking Restructuring Politics 11

Harvard Business Review

APRIL 24, 2017

It might also include political capital that arises from membership of or strong ties to a high status group such as the finance committee, a special task force, or the senior management team. I call this the “the rocks” because rocks can symbolize a stabilizing foundation that keeps an organization steady in times of crisis.

Politics 14

Politics Bureaucracy Long-term Short-term 14

Harvard Business Review

JULY 23, 2013

They fulfill this role by delegating responsibility and establishing control systems such as budgets, directives, audits, and oversight to drive fiscal compliance. But, when the crisis is over, we go back to the status quo. We all know that CFOs are accountable for the financial stewardship of the enterprise.

CIO 8

CIO CFO Zero Based Budgeting Chief Technology Officer 8

Harvard Business Review

MARCH 7, 2017

But must employees, investors, and other constituents accept harmful employment cultures in fast-growth organizations until a crisis occurs? All of this indicates that Uber leaders prioritized immediately useful services like recruitment over, for example, legal compliance systems, audits, and leadership development. In one word: No.

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Compliance Hedge Human Capital Finance 11

Harvard Business Review

JANUARY 24, 2013

Two recently released JP Morgan Chase (JPM) reports on the causes of the "London Whale" trading losses raise important questions about whether financial service firms can exorcise the spectral issues which were so central to the financial crisis. Headquarters of Chief Investment Office (CIO).

Report 8

Report CIO Crisis Committee 8

Harvard Business Review

DECEMBER 8, 2016

And when Derek had lost his job during the financial crisis, Rogier had invited him to join Contect. It hits our collective reputation and our finances.” Derek had helped Rogier stay anchored when Rogier was going through a brutal divorce. Vera had led the subsequent charge to strengthen the internal audit system.

Case Study 8

Case Study Decentralization CFO Construction 8

Harvard Business Review

DECEMBER 17, 2015

Medicine is fraught with anachronistic administrative structures, as well as competing and redundant decision-making processes involving many stakeholders (the hospital, doctors, nurses, compliance, finance, and others) who often work in silos and have differing goals.

Health Care 8

Health Care Diversity Proposal Document 8

N2Growth Blog

NOVEMBER 4, 2010

We are just arriving at the place where the consistency of our marketing is in compliance with all other aspects of our church. As always, I invite you to add any thoughts or additional tips in the comments below… Share and Enjoy: View Comments pastortom2022 Great post Mike. This creates a struggle for employees and customers.

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Blog Marketing Succession Brand 286

Harvard Business Review

JULY 13, 2017

banks exploded in the years leading up to the 2008 financial crisis, with disastrous consequences for American firms, markets, and households. The popularity of this position skyrocketed after CROs (and the centralized enterprise-risk-management programs they oversaw) became the gold standard for compliance. Risk taking by big U.S.

Banking 8

Banking Risk Management Crisis Real Estate 8

Harvard Business Review

MAY 23, 2017

The financial crisis of 2008 is often attributed to deregulation and unfettered capitalism. Lean cost models that make use of globally centralized control functions (finance, compliance, legal, risk) will no longer be deemed sufficient. But this ascendancy is under threat.

Politics 8

Politics Globalization Business Model Policies 8

Harvard Business Review

JUNE 4, 2013

this year — its third straight year of contraction under austerity policies — the nation''s Constitutional Court struck down several austerity measures enacted by the government in compliance with European Commission requirements. With unemployment rates at dangerous levels, and its economy predicted to contract by 2.3%

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Policies Politics System Morale 14

Harvard Business Review

MARCH 29, 2011

According to a story in today's Huffington Post , the Consumer Financial Protection Bureau (CFPB) has estimated that the nation's five largest mortgage firms saved more than $20 billion since the housing crisis began in 2007 by "taking shortcuts in processing troubled borrowers' home loans" and by "under-serving distressed homeowners."

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Banking Proposal Cost-Benefit Analysis Real Estate 13

Harvard Business Review

MARCH 2, 2017

On February 3 President Trump issued an executive order directing the Treasury Department to conduct a sweeping review of financial regulation, including Dodd-Frank , the financial reform bill passed, in 2010, as part of the Obama administration’s response to the 2008 financial crisis and subsequent recession.

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Banking Crisis System Compliance 8