What tools are emerging to help businesses manage risk and compliance more effectively? Business management asks Terry Allen, President and CEO of Securac Corporation, for his views.
By nature, the world in which we live in tends to be entropic; in other words, order tends to chaos. It usually takes a major disaster or some other such event to shake us from our ‘happy place’ and stir a primitive desire to put things back in their place – in which case woe betide the persons or things that caused us to get off our comfy couch and into some action.
We got it wrong. In the corporate scandals of 2001 and 2002, Murphy’s Law became the dominant phenomena as an increasing number of large corporations were accused of fraud, poor corporate governance policies or careless accounting procedures.
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