2020 was certainly a year for change in so many ways, not the least of which was companies adapting their internal controls to the stay-at-home orders resulting from the COVID-19 pandemic. Now, as many are considering...
Archive - March 2021
Protiviti Advisory Board on Pandemic Lessons Learned and the Path to a “Better Normal” – A Virtual Event Recap
One afternoon last week, Protiviti President and CEO Joe Tarantino welcomed more than 130 clients and friends of the firm to spend an afternoon with the members of Protiviti’s Advisory Board: Peter Henry, Fran Townsend...
An Approach to Measuring the Value of Human Capital
Stakeholders have long believed that effective assessments of a company’s performance and prospects require solid information on workforce costs and productivity, on how employees are hired, developed and managed, and...
Trends in Credit Reserves Reflect Economic Optimism
Many financial institutions reacted quickly in March 2020 to bolster credit loss reserves and incorporate anticipated near-term and longer-term impacts of the COVID-19 pandemic on loss reserve estimates. This came on...
The Complexities of Rapidly Evolving Wage Law: Act Now to Mitigate Your Risk
No organisation wants to be headline news for underpaying its employees. However, many businesses are being publicly ostracised for violating enterprise agreements (EAs) in Australia. Not only are EAs incredibly...
On Risky Women “Radio”: Robots, Resilience and Risk Management
“Be bold, be confident and trust your gut. Embrace everything that comes your way with full gusto.” This is the advice that Lucy Pearman, Managing Director and Global Lead of Protiviti’s TRANSFORM Risk and Compliance...
TMT Executives Identify Pandemic Policies, Cyber Threats and Data Privacy Among Top Risk Issues for 2021 and Beyond
Even with COVID-19 cases plummeting and vaccinations ramping up, many organizations worry about aggressive actions by the government to stem the virus and its new variants. Operational challenges posed by the lingering...
Transition Service Agreements: Early Planning Avoids These 10 Common Pitfalls
Divestitures and carve-outs are a big change for an organization and can bring a great amount of disruption to its operations. During this disruptive period, transition service agreements (TSAs) – temporary agreements...
Consumer Products and Services Executives Identify Pandemic Policies, Market Conditions and Talent Shortage Among Top Risk Issues for 2021 and Beyond
The results of the 2021 Top Risks Survey from Protiviti and NC State University’s ERM Initiative reflect equally the unprecedented challenges and opportunities facing the consumer products and services (CP&S)...
GameStop Saga Exposes Trading Flaws, Reveals Huge Opportunity for a “Disruptor”
The January 2021 trading frenzy surrounding GameStop and other meme stocks was driven by the collective mob mentality of people on a social media channel – not by Wall Street-aligned firms or a substantive news event...