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Risk Oversight Event Tweets

from Corporate Board Member

During Corporate Board Member’s 2012 risk oversight conference, Risk Oversight in the Boardroom, we tweeted tidbits about the panels, and engaged in conversation with our Twitter followers. If you aren’t a Twitter user, here’s what you need to know to understand these tweets:

•Tweets may only be 140 characters or less, so don’t expect to see full sentences.
•Phrases beginning with “#” are topic hashtags, utilized to allow Twitter users to focus on specific topics.
•Phrases beginning with an “@” are Twitter users’ names.

Good morning! Tweeting from our #riskevent today being held at the @NYSE_Euronext http://bit.ly/GSk3YL #corpgov


Attendees listen to @GrantThorntonUS's Trent Gazzaway "Lessons learned: avoid knee-jerk reactions." #riskevent http://twitpic.com/9542df


"Being on an audit committee is a part-time job with full-time responsibility." -Trent Gazzaway #riskevent #corpgov


Our second panel, Technology Risks: Do You Know the Full Picture?, is under way. Speakers include Bob Zukis @PwC_LLP #riskevent


Who has IT risk in their business? Everyone. #riskevent


Questions boards should ask: Are we covered on cyber terrorism? What kind of talent does our co have within IT space? #riskevent


Think you have your IT managed? If answer is yes, you need to change something because it is daily vigilance. #riskevent #corpgov


Social technology much bigger than Twitter/Facebook. #riskevent


We have seen social media take down governments. Think about how it can impact your company re: employees. #riskevent


Tweeting from our #riskevent in New York. Federal Prosecuting Attorney Preet Bharaha presenting the keynote. http://bit.ly/GSk3YL #corpgov


Cyberterrorism affects every co w/ intellectual property. Top 3 targets: financial inst., defense contractors & chemical cos. #riskevent


Our third panel is under way: The Audit Committee’s Role in Internal and External Investigations #riskevent http://bit.ly/GSk3YL


Questions to ask to determine inside vs outside counsel. Do you have the resources internally? How serious is the issue? #riskevent #corpgov


Pros and cons to both. Internally you know the people and cost savings is great. #riskevent


It's a huge expense to bring outside help in...need to manage expense appropriately. #riskevent


Advice for committees who have gone internal investigation route...can you shift to outside if needed? #riskevent #corpgov


If you use special ediscovery software, be very careful. The tools are sophisticated and can be profusely abused. #riskevent


Investigations are a matter of when, not if. Better off having process in place before something happens. #riskevent #corpgov


Our final panel is under way: 3 Keys to Managing Non-Financial Risks http://bit.ly/GSk3YL #riskevent


Future of risk management-balancing creating value & protecting value. Some are too focused on process of risk. Think of opps. #riskevent


What is your greatest risk? Board members attending #riskevent say reputational risk.


@Lowes focuses on social media as an opportunity. Gives employees iPhones so they can do price checks. #riskevent


Need to spend time on educational aspect of social media. Many new employees have different ideas of what confidentiality means. #riskevent


Jim Unruh, Audit Chair, Prudential Financial Be open w/ regulators, educate them abt your biz. "If you want a friend get a dog." #riskevent


Our #compevent kicks off tomorrow with a panel on how to build comp plans that keep your top talent in-house. http://bit.ly/GRr7Tm


Topic tags: board of directors, corporate governance, risk oversight, shareholder value, social media

 

 


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