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Mar 26, 2020 | By Thea Corteza
The Sarbanes-Oxley (SOX) Act was signed into law on July 30, 2002. The law drafted by congressmen Paul Sarbanes and Michael Oxley aimed to improve corporate financial governance and accountability while protecting shareholders from accounting errors and fraudulent activity. The real fuel for the SOX law came from the inappropriate financial conduct of three large companies Enron, Tyco, and WorldCom.
Mar 24, 2020 | By Thea Corteza
Risk management has become a veritable alphabet soup. The advent of the digital age is partly to blame. Virtually every organization is “going digital,” in a growing number of areas. Retail is now “e-tail”; manufacturing plants are increasingly automated; nearly every step of the hiring and contracting process happens online, from the application process to background checks to payroll and beyond.
Mar 23, 2020 | By Harry Chawla
The old adage warns “An ounce of prevention is worth a pound of cure.” The saying becomes even more pointed for threats that, unfortunately, do not yet have a cure. But the lessons of risk management offer a path forward, where prevention takes the form of avoiding, mitigating or reducing risks. As people and organizations confront COVID-19, the novel threat has inspired an array of new strategies to combat the pandemic.
Mar 19, 2020 | By Thea Corteza
A social compliance audit, also known as a social audit, is an effective way to determine if an organization is complying with socially responsible principles. Social compliance refers to how a company protects the health and safety as well as the rights of its employees, the community, and the environment where it operates in addition to the lives and communities of workers in its distribution chain and its supply chain.
Mar 17, 2020 | By Harry Chawla
Earlier this week, we shared the Reciprocity response to COVID-19. As the seriousness of this pandemic grows, our thoughts are with all of our employees, customers, and partners who are affected. We want to reiterate that our priority is to uphold our commitment to our customers. We know that many of you are concerned about the impact on your business operations, specifically supply chain issues you might be experiencing or anticipating.
Jan 29, 2019 | By Reciprocity Labs
Get best practices for purchasing and implementing a GRC software tool and get tips on how to leverage your tool for ongoing success.
Jan 29, 2019 | By Reciprocity Labs
In an increasingly litigious society, you need technology that allows you to create business strategies based on these risks so that you protect your organization from the mistakes others make.
Jan 1, 2019 | By Reciprocity Labs
This paper explores several dimensions of Vendor Risk Management. First, why are vendor risks proliferating—why now, and where do they come from? Second, what steps are necessary to manage vendor risks? And third, how can CISOs and compliance officers implement those steps in a practical way, so you don’t spend all your time chasing vendors with risk management protocols?
Dec 1, 2018 | By Reciprocity Labs
When companies first determine they need a formal compliance program, many are unclear if they need a compliance tool to manage it. Many companies turn to Microsoft Excel as the compliance tool of choice when first undertaking a GRC program. This eBook covers where Excel makes sense and how to know when your program has outgrown Excel.
Jul 28, 2016 | By Reciprocity
While Microsoft Excel is flexible and powerful, it’s not designed to track compliance initiatives. Some companies can get away with using an Excel spreadsheet for simple compliance requirements. However as your organization matures the need for compliance software will quickly grow.
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