In the News: Deloitte Thought Leaders Discuss Governance, Risk and Compliance Issues

Five questions boards can ask about the ‘fiscal cliff’
Agenda | November 5, 2012
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services suggests five questions that boards can ask senior management to help gauge their company’s ability to navigate the potential budget impasse.

COSO releases new paper on risk assessment
Compliance Week | October 26, 2012
The article quotes Patchin Curtis on the importance of developing a risk assessment process that is practical, sustainable, and easy-to-understand.

Preparing for corporate cyber-attack
The Corporate Board | October 2, 2012
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services provides advice to boards for strengthening their company’s cyber threat risk management practices.

The risk and compliance paradigm
Quality Digest | October 2, 2012
This article highlights the key findings of the recent survey by Deloitte and Forbes Insights.

Forbes, Proformative, Compliance Week,  CGMA Magazine, Risk and Insurance, eMarketer
August 2012
The key findings of the recent survey report by Deloitte and Forbes Insights was featured in multiple articles across publications.

Forbes, PropertyCasualty360, UPI.com, Canadian Underwriter, Toronto Globe Mail, Bank Investment Consultant, Treasury & Risk magazine
July 2012
The key findings of the recent survey report by Deloitte and Forbes Insights was featured in multiple articles across publications.

Nine in 10 execs plan to reorganize risk management approach: Survey
Business Insurance | June 29, 2012
This article highlights the key findings of the recent survey by Deloitte and Forbes Insights.

Survey says key risks not being continually monitored
Security Magazine | June 28, 2012
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services is quoted as saying: “Social media wasn't even on the radar a few years ago, and we're now seeing it ranked among the top five sources of risk, on the same level as financial risk,” in this article covering the recent survey by Deloitte and Forbes Insights.

CEOs, CFOs should oversee risk management: Survey
CFO.com | June 28, 2012
Mark Carey, partner, Deloitte and Touche LLP is quoted in this article about how CEO's and CFO's  are ultimately responsible for risk management, based on the the recent survey report by Deloitte and Forbes Insights.

Cyber security: Don’t wait until a board member asks
Financial Times | June 5, 2012
In this article Irfan Saif, principal, security and privacy, Deloitte & Touche LLP discusses the questions managers need to answer to secure boards support  to pre-emptive risk protection.

Risk-Management failures highlight the need for more scrutiny
Compliance Week | June 5, 2012
In this article Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services highlights social media as an emerging risk.

Maintaining an effective compliance program
Compliance Week | May 22, 2012
Rob Biskup, Director, Deloitte Financial Advisory Services LLP, is quoted throughout this article on, stress-testing compliance programs.

Integrating risk appetite and risk management
Compliance Week  | May 15, 2012
Sandy Pundman, partner, Deloitte & Touche LLP, is quoted in this article where she highlights the importance of Integrating risk Appetite and risk Management.

A lack of accountability
Human Resources Executive | May 9, 2012
Rob Biskup, director, Deloitte Financial Advisory Services LLP, discusses why companies should view increasing their commitment to risk assessment as "an ongoing, recurring process," instead of "a one-time thing."

Cyber risk is an ever-present threat
Corporate Board Member | April, 2012
In this interview, Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services and Rich Baich, principal, Deloitte & Touche LLP, offer their advice to boards that need a starting point on addressing cyber risk management.

Deloitte poll: Companies plan to spend more on compliance programs
Accounting Today | April 17, 2012
Rob Biskup, director, Deloitte Financial Advisory Services LLP, is quoted in this article where he discusses the crucial role management has in leading the way for corporate compliance efforts.

Sunshine Act putting the heat on healthcare firms
Compliance Week | April 10, 2012
Seth Whitelaw, director, Governance, Regulatory and Risk Strategies, Deloitte & Touche LLP is quoted in this article that recaps a recent discussion with compliance officers on Sunshine Act, as well as other top concerns.

Four steps to establishing a board risk committee
Agenda | March 26, 2012
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services and  Maureen Errity, Director, Deloitte LLP Center for Corporate Governance co-authored this article, which lists four steps to start with , for directors looking to establish a board-level risk committee.

Measuring the effectiveness of compliance
Corporate Counsel | March 8, 2012
Rob Biskup, director, Deloitte Financial Advisory Services LLP emphasizes on taking a holistic approach to compliance and how technology is going to play an increasingly important role in measuring compliance.

Boards of Directors largely ignoring corporate cyber-risk management
Corporate Counsel | March 8, 2012
Rich Baich, principal, Deloitte & Touche LLP is quoted throughout this article, where he highlights that organizations that are “risk intelligent” stay ahead of cyber threats. The same principles of risk management are still in play, but through a “cyber lens”.

Directors need to evaluate needs, Risks before forming risk committees, Experts say
Bloomberg BNA | February 24, 2012
Henry Ristucci, Partner, Deloitte & Touche LLP, and Maureen Errity, Director, Deloitte LLP Center for Corporate Governance weigh in on the factors boards should consider when forming a risk committee.  They include the needs of the stakeholders; scope of responsibilities, committee charter, and communication with other committees.

Three steps to managing risks to reputation
Risk Management | February 20, 2012
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services discusses how internal identification, external identification, and ongoing monitoring can help companies manage risks to reputation.

Directors pledge to keep their eyes on strategy in 2012
Agenda | January 3, 2012
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services is quoted throughout this article, where he highlights why risk should be managed as a subset of strategy.

What directors should know about trends in risk disclosures
Directors & Boards | December 1, 2011
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services and  Maureen Errity, director, Deloitte LLP Center for Corporate Governance summarize the SEC’s new proxy rules and then review key results of Deloitte’s 2011 and 2010 analyses of risk disclosures in proxy statements.

Dispatches from Life Sciences sector
Compliance Week | November 7, 2011
This article recaps a recent discussion with compliance officers on approaches to risk management and compliance reporting, as well as other top concerns.

A risk management culture
CFO World | November 2, 2011
Maureen Errity, director, Deloitte Center for Corporate Governance is quoted throughout this article on risk management and risk oversight practices.

The importance of splitting legal and compliance
Compliance Week | October 18, 2011
Robert Biskup, director, Deloitte Financial Advisory Services LLP is quoted in this article that discusses why and how the roles of general counsel and chief compliance officer should be split.

Getting a grip on 'people risk'
Compliance Week | September 7, 2011  
Michael Fuchs, Principal, Human Capital, Deloitte Consulting LLP  is quoted throughout this article that analyzes the emerging category of "human capital risk" and how compliance departments can help provide their insight to discussions regarding the larger human capital risks facing their companies.

Your Risk Intelligent Enterprise™ column
Corporate Compliance Insights (CCI)

Helping executives “walk the talk”: 10 ways to measure the tone at the top
Donna Epps, partner, Deloitte Financial Advisory Services LLP, discusses ten key ways that board directors, senior management, and compliance and risk management executives can work together to support each other in evaluating their company’s tone at the top.

Sharing the load on compliance risk…and changing mindsets along the way
Rob Biskup, director, Deloitte Financial Advisory Services LLP, discusses how board and management can balance their roles and responsibilities to enhance effectiveness in dealing with compliance risk and any number of other pressing business challenges.

10 Ways to help curb cybercrime in 2012: Cyber threats are more frequent; incident costs are up
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services discusses ten steps chief compliance officers and other compliance professionals can take to get more involved in cyber risk management.

Managing human capital risks: Whose responsibility is it anyway?
Michael Fuchs, Principal, Human Capital, Deloitte Consulting LLP, discusses six specific ways compliance and HR functions can work together to elevate people-related risks to the top of the corporate agenda.

Good compliance is good business: The tangible benefits of an integrated approach to GRC
Rob Biskup, director, Deloitte Financial Advisory Services LLP, discusses how by measuring and monitoring the operational benefits of an integrated approach to governance, risk and compliance, compliance professionals can assist management in making the critical connection between strong compliance processes and tangible business results.

Integrated compliance and risk management: An unconventional approach
Henry Ristuccia, partner, Deloitte & Touche LLP and Co-Leader, Governance and Risk Management Services discusses core principles that, when applied throughout an organization, provide the foundation for effective risk management.

Fresh perspectives on managing reputational risk
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services offers new perspectives on managing reputational risk in addition to providing three steps that compliance executives can take.

Whistleblowing after Dodd-Frank — Timely actions for compliance executives to consider
Donna Epps, partner, Deloitte Financial Advisory Services LLP, discusses the need for organizations to tune up their internal whistleblowing system and how it also helps mitigate fraud risks and surface issues internally.

10 techniques for stress-testing a compliance program
CCI welcomes Risk Intelligence columnist Rob Biskup, director, Deloitte Financial Advisory Services LLP, as he discusses ten not-so-obvious techniques for stress-testing compliance programs in light of the economic downturn and regulatory environment.

Board diversity: Are we on the eve of real change?
DirectorsandBoards.com | Annual report 2011
Nicole Sandford, partner, Deloitte's Center for Corporate Governance, authored this article about changes in the board diversity, which is a topic of ongoing discussion in many board rooms.

Managing crisis situations: No company is immune - How to deal with disaster
Area Development | Spring 2011
Sandy Pundman, partner, Deloitte & Touche LLP, is quoted in an article that discusses why companies need to establish an effective crisis management program. She outlines three major pitfalls for which management should be prepared.

Risk oversight in a changing regulatory environment
Corporate Board Member | April 15, 2011
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services and Maureen Errity, director, Deloitte LLP Center for Corporate Governance co-authored this article, which addresses the concerns many board members may have about how to best play their risk oversight roles given the SEC’s proxy and Dodd-Frank Act requirements.

Disaster averted? A torrent of bad news for business may be good news for enterprise risk management
CFO Magazine | April 1, 2011
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services is quoted throughout this article on converging trends that may propel enterprise risk management (ERM) to a new level of acceptance and maturity.

Dodd-Frank act challenges Oil & Gas sector
Compliance Week | March 8, 2011
William Hederman, director, John England, Partner, and Howard Friedman, senior manager, all of Deloitte & Touche LLP, are quoted in this article on the compliance and risk issues permeating the oil and gas sector and the challenges of implementing the Dodd-Frank Act. The article is based on discussion from the Deloitte and Compliance Week energy roundtable held on February 16 in Houston, TX, which was attended by compliance officers from oil and gas companies.

Survey: Many companies lack consistent approach to risk data mining analysis
eWeek | February 24, 2011
Bob Walley, principal, Deloitte & Touche LLP, and John Lucker, principal, Deloitte Consulting LLP and leader of Deloitte’s advanced analytics and modeling practice, are quoted in this article about risk data management. The article is based on the results of Deloitte’s recent survey which showed many organizations are not taking a consistent, company-wide approach to mining, reporting and analyzing risk data.

A fistful of risks
Corporate Board Member| First Quarter 2011
This article looks at five risk areas corporate boards should prepare for in 2011: strategic risk, proxy disclosure of board risk oversight, FCPA risks, risk data, and risk infrastructure.

The board and risk oversight: Increasing transparency through proxy disclosure
NACD Directorship Magazine | December 2010/January 2011 issue
The article includes comments from Henry Ristuccia, partner, Deloitte & Touche LLP and U.S. Co-Leader of Governance and Risk Management services, and Maureen Errity, director, Deloitte LLP Center for Corporate Governance.

Missing from proxies: Risk talk
CFO Magazine | November 3, 2010
Deloitte's study of 398 proxy statements filed by S&P 500 companies and some of the key findings of this analysis were mentioned in this article.

Cos lag on risk management disclosure
Compliance Reporter | October 28, 2010
Maureen Errity, director, Deloitte Center for Corporate Governance is quoted in this article about Deloitte's study of proxy statements.

Audit committee checklist: Compliance programs
Compliance Week | July 27, 2010
In this article, Tim Lupfer, director, Deloitte Consulting LLP, is quoted on why audit committees should distinguish between ethics and compliance, as these issues are currently more important than ever.

The Uncomfortable Role of Chief Compliance Officer
CFOZone.com | June 24, 2010
Sandy Pundman, partner, Deloitte & Touche LLP, is quoted in this article about the new federal sentencing guidelines from the Department of Justice casting a spotlight on the question as to whom a Chief Compliance Officer should report, which could lead to confusion or conflict over compliance.

The Maturing role of the CRO
Risk & Insurance | May 1, 2010
This feature story looks at the topic of chief risk officers (CROs) receiving new scrutiny in the aftermath of the meltdown and the role they may play in helping to prevent a recurrence. Did CROs not stand up and speak out against reckless behavior, or did companies not take CROs at their word when they warned of danger?

Muddy waters: We get expert advice on managing risk in a post-recession world
American Executive | April 30, 2010
Henry Ristuccia and Sandy Pundman, both partners, Deloitte & Touche LLP, are quoted in this article, which examines the confusion that often arises from avoiding excessive negative risk while taking advantage of positive risk. It also looks at the importance of developing processes to manage risk and to institutionalize those processes throughout the company.

A special report on financial risk: The gods strike back
The Economist | February 11, 2010
In this special report on risk management, Andrew Freeman, director, Deloitte Services LP, is quoted as looking at “the use and abuses of mathematical models.” Also featured are key findings from “Getting Bank Governance Right,” a report by Scott Baret, partner, Deloitte & Touche LLP, and Ed Hida, partner, Deloitte & Touche LLP, which analyzes board committee charters of large financial institutions.

Brave new world of risk confronts financial firms
Compliance Week | February 2, 2010
A recap of a roundtable discussion featuring Scott Baret, partner, Governance, Regulatory and Risk Strategies, Deloitte & Touche LLP, and Deborah Parker-Bailey, director, Deloitte & Touche LLP, who were joined by chief risk officers from other leading organizations in the financial sector.

Washington's regulatory agenda will shape banks' risk IT strategies
Bank Systems & Technology | December 29, 2009
Henry Ristuccia, partner, Deloitte & Touche LLP, authored this article about how the pending legislation in Congress will significantly impact banks' IT shops and that risk management will be front and center.

Where main street meets the C-suite
Directorship | December 15, 2009
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services and Ray Lewis, managing partner, Deloitte LLP’s Center for Corporate Governance, are quoted in this article about the Deloitte-sponsored research study about main street and C-suite attitudes on corporate governance, the economic crisis, and the role of the board director.

Managing human capital risk: Ingraining risk management into corporate culture
Corporate Compliance Insights | December 14, 2009
This Q&A featuring Mike Fuchs, principal, Deloitte Consulting LLP, and Tim Lupfer, director, Deloitte Consulting LLP, discusses how especially during uncertain times, an organization must develop the knowledge, capabilities, and motivation of its people to align them with the organizational objectives of effective governance and risk management.

Boosting your risk I.Q.
Directorship | September 2, 2009
Highlights from a Deloitte roundtable exploring risk-related issues in the aftermath of the economic crisis, which most agree was a catastrophic failure, particularly on the part of finance institutions, to recognize and rein in excessive risk. Henry Ristuccia, partner, Deloitte & Touche LLP, Nicole Sandford, partner, Deloitte & Touche LLP, and Maureen Errity, director, Deloitte LLP, are featured in this article.

Managing risk in uncertain times
Business Finance | June 30, 2009
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services discusses in this video how companies missed the critical risk factors leading up to the banking crisis and outlines steps companies should take to better manage risk in economically challenging times.

CCI interview series: Cheryl Strackeljahn of Deloitte on IT risk management
Corporate Compliance Insights | June 30, 2009
An interview conducted between CCI Founder/Managing Director Maurice Gilbert and Cheryl Strackeljahn, Senior Manager, Deloitte Consulting LLP, on the topic of IT risk management.

M&A party is over: Is your board suffering?Corporate Secretary | May 2009
This article, written by Nicole Sandford, partner, Deloitte & Touche LLP, explores the issues created by the recent robust deal activity and what lessons can be learned to apply in the future.

Risk Intelligence: Are you closer than you think?
Corporate Compliance Insights | April 16, 2009
Mike Fuchs, principal, Deloitte Consulting LLP, is a contributor to this article, which discusses a more coordinated, streamlined, and economical approach to risk. This approach, resulting from rationalizing and aligning risk management activities, helps bring order to disparate and overlapping activities during economically turbulent times. This article is a precursor to Deloitte’s 14th issue of its Risk Intelligence Whitepaper Series, "Risk Intelligence in a Downturn," which provides a more in-depth look at how to balance risks and rewards in a volatile economy.

Becoming Risk Intelligent
Risk Management | April 2009
Henry Ristuccia, partner, Deloitte & Touche LLP, and Donna Epps, partner, Deloitte Financial Advisory Services, LLP, co-authored this article, based on the Nine Principles of the Risk Intelligent Enterprise^TM outlining the differences between businesses that survive — and even thrive — in troubled times from those that fare poorly.

The Risk Intelligent board
Corporate Board Member | February 20, 2009
Steve Wagner (retired), managing partner, U.S. Center for Corporate Governance, Deloitte & Touche LLP, and Maureen Errity, director, Deloitte LLP, co-authored this thoughtful perspective on the risk management issues boards should be concerned with, and offer concrete suggestions for adopting a Risk Intelligent approach. The article was featured in Corporate Board Member.

The board's role in risk management
Directors & Boards | February 2009
Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services and Maureen Errity, director, Deloitte LLP, answer questions around risk management and risk intelligence.

Getting your risk management house in order
Financial Executive | January 1, 2009
In this article, Henry Ristuccia, partner, Deloitte & Touche LLP and Global Leader of Deloitte’s Governance, Risk and Compliance Services suggests that a world presenting more dangers also offers more opportunities - that the most effective approach to risk management is rooted in a balanced perspective that features neither too much pessimism about unrewarded risk or too much optimism about rewarded risk.

Rethinking risk 
CFO Magazine | January 1, 2009
Henry Ristuccia, partner, Deloitte & Touche LLP, discusses how boards and directors are becoming more actively involved in how organizations are managing risk and the bridge between governance and risk.

A defining moment
CFO Magazine | January 1, 2009
In this article, Brian Parker, principal, Deloitte & Touche LLP, comments that a successful Governance, Risk and Compliance (GRC) software program may cost as much as $1 million for large organizations looking for a truly “integrated approach that delivers the full scope of GRC capabilities.”

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