Remove Activation Remove Corporate Governance Remove Document
article thumbnail

Building an Effective Board Governance Committee: Everything You Need to Know

LogisManager

Building an Effective Board Governance Committee: Everything You Need to Know Last Updated: June 4, 2024 Your company relies on its board of directors to ensure high profitability and a good public reputation, and effective corporate governance is essential for supporting those goals. What Is a Governance Committee?

article thumbnail

How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. The first line of defense, typically the business units, can use the software to conduct risk assessments, document risks, and develop mitigation plans.

Banking 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Create and Implement an Effective Governance Model

LogisManager

A strong corporate governance structure is an essential component of any risk management program. Understanding Governance in the Modern Enterprise Corporate governance is a broad term that refers to all the processes, policies, standards and practices your organization uses to make and implement decisions.

article thumbnail

What Are Barriers in Risk Management?

Reciprocity

Training and supervision are also risk management and mitigation activities. Vigilance is accelerated through a diligent performance of assigned daily activities. In addition, you can implement corporate governance, risk management, and compliance (GRC) software to track and automate many of your risk management tasks.

article thumbnail

What Are Barriers in Risk Management?

Reciprocity

Training and supervision are also risk management and mitigation activities. Vigilance is accelerated through a diligent performance of assigned daily activities. In addition, you can implement corporate governance, risk management, and compliance (GRC) software to track and automate many of your risk management tasks.

article thumbnail

Failure in Risk Management: The Turbulent Times of Boeing Airlines

LogisManager

The NTSB investigators found Boeing had not documented critical assembly line steps, including the reinstallation of bolts essential for holding the plug in place. Public trust in Boeing has waned, with travelers actively avoiding Boeing flights, opting for alternatives, or abstaining from air travel altogether.

article thumbnail

Risk Assessments and Internal Controls

Reciprocity

Internal controls are policies, procedures, and other activities implemented by a business to assure that it can achieve its objectives. Control activities. Internally generated reports periodically summarize audit results and control activities for auditors and stakeholders to consider. Monitoring activities.

Audit 52