Not Your Father’s Risk Assessment
Posted on February 2nd, 2010 by Katina »Permalink
It seems like just last week that we were talking about companies taking a more global approach to identifying and addressing risk throughout the enterprise, digging a little deeper than the first risks to come to mind. It looks like the SEC is in on this one, too, getting downright out-of-the-box on the risks it wants investors to consider. Compliance Week has the goods their recent decision to include climate change among the risks companies must disclose to investors in 10Ks. Now that’s an awfully literal interpretation of the global approach, but anybody who’s seen The Day After Tomorrow can probably see the logic in considering risks to businesses from a changing climate. (And we have to award just a few points for creativity on that one).
Speaking of risks that aren’t necessarily the first to come to mind, @VisualRiskIQ tipped us off (should we say tweeted us off?) to an interesting piece from Inside Counsel on risks to businesses from corporate disclosures made via social networks or Twitter. Hint: It’s probably not a great idea to tweet from an earnings call unless one happens to be very familiar with 140-character required disclaimers.
Speaking of the SEC, Reuters (via ComplianceEX) details plans in the White House’s proposed 2010 for beefed-up funding for it and the Commodities Futures Trading Commission, as part of efforts to better monitor just what’s going on on Wall Street – and hopefully avoid a repeat of a certain highly unpleasant financial meltdown. The budget sets aside nearly $1 billion for various regulators – all contingent on the passage of financial regulatory reform. We’ll keep you posted as this one develops.
In the meantime, our Comments are a great place to weigh in on changes you’ve seen in how businesses are approaching risk. Seriously.
