Middle Market CEO, CRO, CFO or Directors: Manage this reputational and financial risk
November 4, 2017 – Dallas, Texas and Atlanta, Georgia – Strategic enterprise risk management (ERM) expert and speaker Gary W. Patterson, FiscalDoctor®, begins with the head-in-the sand compliance and management of basketball recruiting by college administrators and suggests there are more common points between basketball recruiting and procurement fraud then corporate management would like to believe in the first part of a two-part article. What do basketball recruiting and supply chain fraud have in common? PART 2 published by Corporate Compliance Insights (CCI)
The concluding second article 12 step roadmap to reduce procurement fraud: presents the results of a CEO and director level survey a process moving upward through five levels on the following point scale:
41 to 50 – Ongoing diligence and vigilance make a good combination.
31 to 40 – Life is good, until it isn't.
21 to 30 - You didn't get here overnight and you won't get out overnight.
11 to 20 – You may only be investing the minimum.
1 to 10 – Train wrecks happen every day.
His article 12 step roadmap to reduce procurement fraud: What do basketball recruiting and supply chain fraud have in common? PART 2 with the suggested 12 step best practices process published by Corporate Compliance Insights (CCI) is available at http://www.corporatecomplianceinsights.com/basketball-recruiting-procurement-fraud-common-part-2/
Who should consider applying this process with applications for governance, risk assessments and enterprise risk management (ERM) type issues, inside a value based operational and strategic assessment framework? Family business, private and public business and equity group investor
- Corporate directors, key committee chairs and board chairs
- Corporate officers and C-suite executives
- Shareholders, stakeholders, regulators and legislators
- SMB, middle market and global 2000
For their risk management process to help meet financial and strategic goals, it is imperative for management to understand the magnitude of risks in pursuit of business objectives, and how the organization's products and offerings and opportunities can be mapped to these risks. Just as every person needs a medical doctor; every organization needs a FiscalDoctor and periodic fiscal checkups. He also supports special projects for business growth, risk assessments, value based enterprise risk management (ERM), operational risk management (ORM), fiscal checkups, corporate governance, strategic planning updates, special board projects or requests and strategic growth diagnostics.
About Corporate Compliance Insights
Corporate Compliance Insights is a professionally designed and managed forum dedicated to online discussion and analysis of corporate compliance, risk assessment, ethics, audit and corporate governance topics. Additionally, Corporate Compliance Insights is a focused knowledge-sharing forum designed to educate and encourage informed interaction within the corporate compliance community – dealing with issues of ethics, audit, compliance, FCPA, governance, risk, fraud and GRC.
Corporate Compliance Insights is founded by Maurice Gilbert, managing partner of Conselium, a compliance-focused executive search firm. http://www.corporatecomplianceinsights.com
About Gary W. Patterson
Patterson, a Big 4 CPA / Stanford MBA, speaks regularly on business growth, accountability, facilitation, governance, risk management, achieving corporate financial goals, and building long-term wealth.
He can also help increase profitability providing access to 100 best of breed experts often better and cheaper than incumbents. Gary can be reached at 678-319-4739 or gary@FiscalDoctor.com.
© Gary W. Patterson. ###