Tagged: board governance

Episode 134: COVID-19 (Part II) — Business Response to Pandemic

COVID-19 has had a devastating impact.  The public health crisis has caused tragic human loss and is overwhelming the United States healthcare system.  Businesses have suffered along with the public. Business face real challenges managing the crisis, their respective supply chains and employees. In the second part of a two-part series, Mike Volkov reviews important business responses and strategies for coping with the pandemic.

Compliance and the Reckoning

The compliance profession cannot rest on its achievements and become complacent.  There are two significant events that are on the horizon and inevitably will occur. Compliance professionals have grown in number and in influence.  At the same time, compliance professionals are enjoying unprecedented independence and authority.  As the compliance profession rises, however, so will accountability – fair or unfair, it is soon about to hit....

Episode 26 — Federal Reserve Blocks Wells Fargo Growth In Response to Governance and Risk Management Disaster

In an unprecedented action, on February 2, 2018, the Federal Reserve restricted Wells Fargo’s ability to grow its business until it implements comprehensive improvements to its board governance and risk and compliance systems.  Citing Wells Fargo’s poor record of governance and risk management resulting in the community banking sales incentive scandal and continuing problems at the bank, the Federal Reserve imposed detailed governance and risk...

Get Your Board On Board

Sometimes my references to Seinfeld episodes or Curb Your Enthusiasm vignettes do not work or can charitably be characterized as a little off. Nonetheless, I press on. In Season 4 of Curb Your Enthusiasm, Mel Brooks explained to Larry what a famous Greek actor explained to Mel Brooks about talent – “Or you got it. Or you ain’t.” (Watch here) The same applies to your board...