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Opinions and views from expert CFOZone members.

Tag >> risks
May 30

The three biggest risks you face

Posted by SherylNash01 in risksIT Securitygovernment regulationsFCPAcareer/managementbribery


What will cost CFOs' the most sleep in the second half of the year? Risk experts say corruption abroad, information security and government regulation are most likely to keep you awake.

The US isn't the only  country cracking down on bribery and other forms of corporate corruption in foreign markets. Consider the UK, where a new law takes effect later this year. Like the Foreign Corrupt Practices Act of the US, it applies to any company doing business in the country, but the UK law is broader and easier to trigger, experts say.

Apr 12

How to deal with the growing risk of foreign corruption

Posted by SherylNash01 in riskscorruptioncareer/management


With corruption becoming a bigger issue for companies doing business abroad, a new book offering advice on how to mitigate the risk couldn't come at a better time.

The Department of Justice and SEC initiated 40 Foreign Corrupt Practices Act related actions in 2009, up from 33 in 2008. Criminal and civil corporate fines this year area already exceed $400 million, a pace that would exceed the $645 million that companies paid last year, according to William P. Olsen, principal in the Advisory Services practice and National Practice leader of Investigations at Grant Thornton.

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