Governance, Risk Management, and Compliance It Can't Happen to Us--Avoiding Corporate Disaster While Driving Success

Companies successful over the long term create and nurture an environment for success. They foster a culture, leadership process and infrastructure that enable and support effective strategy implementation driving toward achieving business objectives and related growth, profit and return goals. Underlying success is a culture founded in integrity and ethical values that influences and pervades the entirety of the organization. Leadership emanates from a well-comprised board of directors effectively carrying out its oversight responsibilities with a great working relationship with the CEO and senior management. And management has embedded within the organization highly effective risk management, control, compliance and communication processes critical to providing information where needed and making quality business judgments and decisions driving towards success. This book shows corporate leadership (including board members) how to ensure that their strategic plans incorporate the necessary processes, organization, and technology to get to the companies goals. This book examines areas such as compliance, risk management, executive compensation, succession planning, crisis planning, board composition, and shareholder communications.

RICHARD M. STEINBERG is founder and CEO of Steinberg Governance Advisors, Inc. He is a nationally recognized expert on governance, risk, and control, and advises boards of directors of major multinational, large, and middle-market companies. He is a former senior partner of PricewaterhouseCoopers (PwC) and the leader of its corporate governance advisory practice. As an expert in internal control and risk management, Steinberg served as the lead project partner in developing the Committee of Sponsoring Organizations of the Treadway Commission's (COSO's) Internal Control—Integrated Framework, and led development of COSO's Enterprise Risk Management—Integrated Framework, the landmark reports recognized as standards for effective internal control and risk management. He has been featured on CNBC's Morning Call and Bloomberg TV's Bloomberg on the Markets and The Bloomberg Report; has guest-lectured at leading business schools including Columbia, MIT, and NYU; has been quoted in publications such as BusinessWeek, Fortune, the Wall Street Journal, Dow Jones MarketWatch, CNN Money, and the Financial Times; and is a monthly columnist for Compliance Week.