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As the business and operating environment changes, there has been a greater demand for transparency and accountability as to the pic-1-COSO-Framework-300x208.jpeg?profile=RESIZE_710xintegrity of internal control. This has become very critical today as businesses drive to enhance the likelihood of them achieving their objectives and be able to adapt to changes in the global business environment.

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released in 1992 the Integrated Internal Control Framework that will enable orga

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Wireless charging, also known as wireless power transfer (WPT), is commonly used in compact and wearable electronic products such as laptops, athletic bands, shavers, and electric toothbrushes. However, Wireless charging also has benefits for commercial applications. Industrial technologies include electric motors, robots, warehouse automation, mobile terminals, contactless loading of subsea vehicles, and many more.

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Wireless charging can be found anywhere, in smartphones and IoT devices, but most

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The amount of time the Board of Directors spend on their work and commit to strategy is rising. Directors say they dedicate more time nowpic-1-Board-Excellence-Primer-300x200.jpeg?profile=RESIZE_710x to their Board duties than ever before.  In fact, since 2011, the directors have cut in half the gap between the actual and ideal amount of time they spend on Board work.

In the newest McKinsey Global Survey on Corporate Boards, the results showed that strategy, on average, is the main focus of many Boards.  Yet, directors still want more time for strategy when

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The business has become more challenging as the global market becomes more demanding. This change in the global market is puttingpic-2-Board-Excellence-Engagement-300x200.jpeg?profile=RESIZE_710x pressure not only on Management but also on the Board. Strategy Development now demands that organizations should not only be effective but there should also be Board Excellence.

Today, the demand has ceased to be about spending more time. Boosting the effectiveness of the Board is not anymore about spending more time. The urgent call now is to focus on changing the na

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Many large corporations depend on M&A for growth and executives can boost the value that deals create. But poorly executed M&Apic-2-Board-Excellence-MA-300x208.jpeg?profile=RESIZE_710x can saddle investors with weak returns on capital for details. In fact, the margin between success and failure is slim.

Many Boards are reluctant to cross the line between governance and management. The level of engagement is often outside the comfort zone for some executives and directors. As such, they miss opportunities to help senior executives win at M&A.

There is a n

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The pressure on Boards and Directors to raise their game has remained acute. A survey of more than 770 directors from public and pic-1-HIgh-Impact-Strategic-Boards-300x200.jpeg?profile=RESIZE_710xprivate companies across the industries around the world suggested that some are responding more energetically than others.

There is a dramatic difference between how directors allocate their time among boardroom activities and the effectiveness of the Boards. One in four directors assessed their impact as moderate or lower, while others reported as having a high impact

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Many Boards have improved their structures and processes. Yet, despite all the corporate-governance reforms undertaken, many pic-1-Board-Excellence-Human-Dynamics-300x200.jpeg?profile=RESIZE_710xBoards failed the test of the financial crisis. This shows that even if the Board of Directors is stacked with high qualified members and best practices, these are not enough.

Human Dynamics has come to fore in today’s highly volatile business environment. Without the right Human Dynamics, there will be a little constructive challenge between independent Directors and Manag

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When things go wrong on a grand scale, often we direct our attention to the role of the Board. Debate exudes and often gets heated uppic-1-Long-term-Mindset-300x200.jpeg?profile=RESIZE_710x and intensifies. This often happens when the Board spends more time looking in the rearview mirror and not enough scanning the road ahead. When this happens, governance suffers.

Often, the Board of Directors spend a bulk of its time on quarterly reports, audit reviews, budgets, and compliance.  However, with the change in the business environment, there is a greate

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The report constitutes an in-depth study of the global on-board charger market, including a thorough analysis of the types of propulsion types and power output. The study also presents a detailed analysis of the market dynamics and the estimation of the market size over the forecast period 2019-2029. The industry analysis presents a detailed insight about the major market players in the global on-board charger market using the value chain analysis.

Browse the Full TOC "On-Board Charger Industry"

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In late September, Facebook announced that it had discovered a breach in its network that had exposed the personal data of nearly 50 million users to hackers.

The hackers exploited a feature in Facebook’s code to gain access to user accounts, potentially enabling them to take control of them. The breach was the largest in Facebook’s fourteen years of existence.

The fallout Facebook is facing from this breach is the latest example of the see-through economy at work. Since September 27, Facebook’s m

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It’s been a rough two years for Wells Fargo.

Ever since the existence of the bank’s massive cross-selling scandal came to light in 2016, Wells Fargo seemed to be trapped in a downward spiral of failure after failure in risk management. In 2016, we were the first to identify the root-cause of the cross-selling scandal as being a failed risk management program, and correctly predicted there would be more Wells Fargo risk management mishaps in the future.

In 2018, regulator investigations finally con

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Does your institution need cybersecurity insurance? Is it required? If utilized, are there rules? Cybersecurity insurance can protect against financial loss in the event of a cyber incident, but there are many intricate details.

The Federal Financial Institutions Examination Council (FFIEC) members have provided a joint statement to help financial institutions understand how cyber insurance impacts risk management and what institutions need to do when considering purchasing cyber insurance. The

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Facebook’s market capitalization dropped as much as $60 billion after reports emerged that Cambridge Analytica, the data consulting firm used by the Trump Campaign, was given the data of around 50 million Facebook users without their consent.

The Cambridge Analytica scandal is the latest in a series of risk management failures that have plagued the social networking company, which has been grappling with its role in the dissemination of fake news propaganda during the 2016 U.S. presidential elect

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The Federal Reserve’s unprecedented sanctions against Wells Fargo announced on February 2, 2018, is a warning to bank boards: Directors, not just management, will be held accountable for failures in risk management that result from a lack of proper oversight.

In addition to having to replace four of its board directors, the sanctions are constraining Wells Fargo’s growth. The Fed is prohibiting Wells Fargo from growing its balance sheet beyond the $1.95 trillion it held at the end of 2017. The ba

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The Highlights of IMPACT 2017

8028266261?profile=originalLogicManager recently hosted IMPACT 2017, our annual ERM conference where risk professionals gather to share their challenges, successes, and insights in the risk management industry. For two days, LogicManager users lead educational sessions on how they’ve made vast improvements to their various risk and governance programs, such as third-party risk management, compliance, audit, and more.

This year, we heard from a particularly diverse group of experienced professionals hailing from Boston to H

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Friction Free Capitalism

First coined in 1995 by Bill Gates, Friction Free Capitalism is, simply, the “enhanced efficiency of markets due to the ‘coming’ Internet revolution”.

 

Learn how our Directors and Serial Entrepreneurs are leveraging NBN and Friction Free Capitalism visit:  8028256891?profile=originalhttps://www.newbusiness.network/friction-free-capitalism

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Interested in Pre-IPO Companies?

If you are an expert in your field, especially in the legal, accounting, commercial or investment banking / venture capital industries, your expertise is critical to their success.

 

Are you ready to give back and build equity at the same time with limited risk, as an independent Director?

 

We invite you to become the mentor we know you are, with ease.

 

Please go to https://sprocketnetwork.com  and Click on “Directors” to find out more.    

 Interested in Pre-IPO Companies8028259666?profile=original

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Are you Directorship material?

What's your area of expertise?

 

Do you have a desire to support exciting new companies?

 

Are you an expert in your field or a professional in the legal, accounting, commercial or investment banking / venture capital industries?

 

Are you ready to elevate to the next level of professionalism?

 

We’ve been capitalizing start-up or early stage companies since 1998 and have many exciting opportunities you may want to consider. If you think you may qualify, please go to https://www.SprocketNetwork.com  and

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Expert Chuck Brooks Offers A Cybersecurity “Cheat Sheet” For The C-Suite

Chuck Brooks: VP of Government Relations and Marketing, Sutherland Global Solutions

The Internet was invented in a government laboratory and later commercialized in the private sector. The hardware, software, and networks were originally designed for open communication. Cybersecurity initially was not a major consideration. That mindset has surely changed

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Increased Board Accountability is Real

8028244294?profile=originalBy this point, the Volkswagen scandal is old news (we first blogged about it last October). Yet details about the case continue to emerge, most recently about board accountability. As of last week, a Volkswagen “internal probe into its emissions-cheating scandal found no evidence of wrongdoing by members of senior management…” In other words, VW’s Board didn’t know about the deception until it was too late.

This might appear to be a good thing, but actually VW is making its situation worse. Why?

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