Hospital operator Mercy took the lessons it learned from its 2011 tornado experience and incorporated them into the design of the new hospital--and also changed the way it plans and prepares for disasters.
U.S. investigators used an unusual tactic in a foreign-bribery case unsealed this week: a sting operation.
Federal prosecutors charged 16 U.S. Postal Service employees in the Atlanta area with taking bribes in exchange for delivering what they thought were packages of illegal drugs to would-be drug dealers--but actually were fake drugs being delivered to undercover agents.
A survey of around 5,000 employees around the world found while many organizations have spent more time and money to improve their workplace cultures, the average perception of corporate culture since 2008 has increased less than 1%.
A number of large corporations are teaming up to push for better ethics and business practices in India and South Asia, working with the business ethics advocacy group Ethisphere Institute to draft a strategy for making anti-corruption more a part of everyday business considerations and conversations.
Demonetization in India was a "total failure," experts said, noting it did not curb corruption and cut into economic growth.
U.K.-based telecommunications firm Telit Communications takes the crisis center stage after its chief executive resigned after reports he was a fugitive in a 25-year-old wire fraud case.
Despite the slowness in filling senior positions at the U.S. Department of Justice, life sciences and health-care companies continue to be scrutinized by the career agency employees investigating and prosecuting fraud and other crimes.
A Bangladeshi court sentenced the owner of Rana Plaza, the nine-story building that collapsed in 2013 killing 1,100 people, to three years in prison for corruption.
The separation of powers rears its head on many issues, but on sanctions, Congress has increasingly pushed the White House against its stated wishes regardless of the occupant.
U.K. companies are facing tighter rules on executive pay and will have to disclose the ratio of chief executive and workforce pay in the near future. Making that data relevant and avoid controversy will hinge on presenting it in the right context, said remuneration specialists.
A Bombardier employee pleaded innocent to Swedish charges of "aggravated bribery," as the prosecution rolled out a broader case that alleges collusion with officials in Azerbaijan and side payments to a company controlled by associates of former a former Russian Railways boss.
A Pakistani bank said Monday it will close its New York branch amid a dispute with the state's financial regulator over whether it's improved its anti-money-laundering compliance program.
The latest round of sanctions on Venezuela that target the country's sovereign debt are modeled on, but expand upon, measures used by the U.S. in its sanctions program on Russia.
For the first time since 2005, more than half of U.S. workers say they’re satisfied with their jobs. But data also suggest Americans have changing views of what makes a job good, after a decade of bruising job cuts, minimal raises and lean staffing.
A number of Senate Republicans are gathering behind a bipartisan push to shore up the Affordable Care Act, reflecting a growing divide between President Donald Trump and many GOP senators.
Dow Chemical and DuPont completed their merger and the combined company debuted on the NYSE.
The Trump administration is cutting nearly $116 million from outreach programs aimed at getting people signed for the Affordable Care Act, a move likely to cheer ACA opponents but inflame Democrats who fear the administration is undermining the health law.
Prime Minister Benjamin Netanyahu has regularly lambasted the Israeli press, but a new disclosure related to an ongoing corruption probe shows the leader also worked hard to shape how the domestic media covers him.
Trevor Fetter will step down from his roles as chief executive and director by March 2018, the for-profit hospital chain said, as the company deals with investor pushback over its corporate strategy and recent board defections.
More than one million people live within the path of airborne danger in a worst-case scenario release of a chemical stored at Arkema’s Houston-area plant, according to a company risk-management plan filed to the federal government in 2014.
JBS CEO Wesley Batista faces an increased risk of losing his job after a court ruled he and his brother can’t vote their shares at the Brazilian meatpacker’s shareholder meeting.
Humanigen, a drug-development firm run briefly by convicted fraudster Martin Shkreli, lost out this week in a competition for fast-track regulatory treatment for a drug to treat Chagas' disease, a dangerous parasitic infection.
A federal judge in Texas struck down an overtime-pay rule authored by the Obama administration, a likely final blow to a regulation that the Trump administration had already begun to recast.
Top executives at a range of companies and business groups voiced support for an Obama-era program protecting young, illegal immigrants amid concerns that President Donald Trump could end the policy.
TD Bank branches in the United States used to be known for penny arcades that would count the change in children’s piggy banks, but they were removed over the past year or so. Blame a lawsuit that accused the bank of undercounting.
The White House is expected on Friday to nominate Columbia University law professor Robert Jackson to a vacant slot on the Securities and Exchange Commission, according to people familiar with the matter.
Workers at the auto maker’s Fremont, Calif., factory accuse Tesla of requiring them to sign overly broad nondisclosure agreements and of harassing them during unionizing efforts.
Fuel prices at the pump hit a two-year high after the owner of the largest pipeline in the U.S. reported that shipments are being sharply curtailed.
A former Standard & Poor’s Ratings Services executive avoided an industry ban after a judge found “no evidence” she changed the way S&P; assigned its ratings to win more business from debt issuers.
The unions are advocating new rules in the city that would increase safety-training hours but also include a provision that opponents say would essentially exempt union workers.
Mall landlord Simon Property Group has gone to court to block Starbucks from pursuing its plan to close its Teavana stores in Simon’s retail locations.
Hewlett Packard Enterprise faces many challenges, including earnings next week and the question of why its CEO was looking elsewhere.
The Trump administration cited two research papers this week in lifting curbs on police receiving surplus military equipment, highlighting findings that more military aid led to a modest drop in crime. But authors of both papers said that their findings were mischaracterized.
The Trump administration is worried that Russia state-owned oil giant Rosneft could gain control of critical U.S. energy assets owned by Venezuela’s Citgo.
The U.N. nuclear-watchdog agency’s finding is likely to put it at odds with the Trump administration.
Wells Fargo said around 3.5 million customer accounts were “potentially unauthorized” in its sales-practices scandal upon the completion of its review, up from the 2.1 million accounts previously announced.
President Emmanuel Macron unveiled the ambitious labor overhaul at the center of his drive to revive France’s economy, drawing muted criticism from traditionally combative unions that have stymied such efforts in the past.
Wyoming can’t sue Volkswagen for environmental damage over its diesel vehicles, a federal judge ruled, finding penalties from actions brought by consumers and federal authorities are enough. The decision eases the risk to the auto maker from state claims.
A former Celator Pharmaceuticals accountant and two other men pleaded guilty to federal charges for their roles in an insider-trading scheme involving nonpublic information on Celator
Two explosions were reported at a Texas chemical plant, hours after the facility’s owner urged residents and others to stay away.
Port Houston has warned shippers it is likely to be partially closed at least through Saturday, a rare long-term disruption at a major U.S. shipping center that will exact a financial toll on thousands of retailers and manufacturers.
New global swap-collateral rules will go into effect in the U.S. on Friday, following a six-month pause prompted by international coordination and compliance difficulties.
Arizona’s attorney general, Mark Brnovich, alleged in a suit filed early Thursday morning that Insys engaged in a fraudulent marketing scheme to boost sales of Subsys, a prescription mouth-spray formulation of fentanyl.
Vanguard Group, one of the world's largest asset managers, voted against Wells Fargo & Co. nonexecutive chairman Stephen W. Sanger and two other directors this year.
Richard Cordray, director of the Consumer Financial Protection Bureau, is staying mum on how long he plans to stay in his current job or whether he intends to run for a political office.
Risk management, strategy and analysis written and compiled by Deloitte
In a marketplace bombarded with an overwhelming choice of products and services, a distinctive and well-executed brand promise can cut through the clutter, drive intense customer loyalty, increase revenue, and directly affect a company’s bottom line. Effectively executing on brand promise requires three key steps: measure, monitor, and train and engage. Learn how organizations can create action plans to consistently improve the execution of their brand promise and protect it from harm.
While a strong organizational culture is seen by many senior leaders as a potential competitive advantage, improving it can be a challenge. Leaders often find it difficult to articulate what organizational culture is, and to pinpoint the subtle ways in which underlying beliefs can shape it. There are, however, specific steps that executives can take to diagnose their organization’s prevailing culture and work across the C-suite to drive cultural change.
For financial institutions that are required to comply with the Bank Secrecy Act/Anti-money Laundering regulations, creating a corporate culture that supports compliance with the regulations remains a leading challenge, according to Fred Curry, Advisory principal, Deloitte Transactions and Business Analytics LLP, and Anti-money Laundering and Economic Sanctions practice leader. A former bank examiner, Mr. Curry discusses what level of executives examiners typically want to interview for a regulatory examination, potential areas of focus, and what can be done to prepare. He also explains how banks can address weak spots in their AML monitoring and training programs.
The countdown has begun. In less than five months, public companies that operate on calendar year-ends will be required to implement the Financial Accounting Standards Board’s new revenue recognition standard. The accounting ramifications are formidable enough, but it’s the broader ramifications—including the impacts to information technology systems and human resources policies—that may find companies working on adjustments well into 2018. Learn what organizations can do now to help lessen implementation challenges.
Ten trends have the potential to significantly alter the risk landscape for companies around the world and change how they respond to and manage risk, according to “The Future of Risk: New Games, New Rules,” a report from Deloitte & Touche LLP. These trends span a number of categories, from technological advancements to business process and managerial innovations to macroeconomic forces. While each trend provides multiple opportunities to improve risk management, each one also carries with it one or more potential pitfalls or liabilities that organizations should consider, says Chuck Saia, CEO, Deloitte Risk and Financial Advisory, Deloitte & Touche LLP. Learn how the 10 trends are now in play at companies across many industry sectors.
Risk management executives are less confident about their organization’s ability to combat newer risks, such as model risk and third-party risks, while cybersecurity remains an area of significant concern, according to the 10th edition of Deloitte’s Global Risk Management survey. The survey findings, which comprise responses from 77 financial services institutions around the world, indicate that areas of increasing maturity in risk management programs include more active board oversight and increased adoption of the CRO position. Nevertheless, risk management programs may need to increase their ability to anticipate and respond flexibly to new regulatory and business developments.
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