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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.
From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
Audit committees at the largest U.S. companies have expanded their oversight this decade beyond financial challenges to encompass risks in cybersecurity, sustainability and artificial intelligence (AI), according to a new report from EY. The proportion of companies citing sustainability as an audit committee responsibility surged to 22% this year from 6% in 2021, EY found in a survey of Standard & Poor’s 500 firms. A growing proportion of audit committees oversee cybersecurity risk at most large companies, EY said. The share of S&P 500 companies that cite cybersecurity as an audit committee responsibility increased to 77% this year from 25% in 2019, according to EY. Companies are beginning to disclose some level of oversight for AI risks, and most commonly cite the risk as a point of audit committee oversight, EY said.
Full Issue
Risk Channel
UK/Europe
Housebuilder Vistry has removed chief operating officer Earl Sibley in the wake of an accounting blunder that will reduce profits by £165m. Vistry said scrapping his role will reduce “the length of reporting lines” and “ensure closer proximity of the chief executive to the business.” Dan Coatsworth, an investment analyst at AJ Bell, said the “embarrassing” accounting error, which saw Vistry issue two profit warnings in quick succession, “seems to have prompted chief executive Greg Fitzgerald to change the reporting structure so he is closer to the engine room.” It is noted that some investors are said to be concerned about Fitzgerald’s role as executive chairman, a position which means he is effectively chairman and chief executive.
Full Issue
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In the closing days of the 1960s, a boy walks quickly along the sidewalk as he follows his father striding purposefully in and out of the smoky roadside bars and diners of Baltimore. His father enters an establishment, a tired neon light flashing, and exchanges words with the bar-tender as the boy hops up onto a stool. It is a well-rehearsed routine....
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“Over recent weeks as politicians signal that societies now need to live with Covid-19 and have announced the lifting of distancing restrictions some high-profile CEOs have publicly called for their workforces to re-embrace the office as the Covid pandemic threat recedes
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Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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