Category: Board of Directors

$185 million fine : Is this price sufficient for poor Sales Process Compliance and lack of Transparency in the world’s largest Bank ?

Frauds in big Corporate houses and Organizations have been making headlines since last decade and as you read this, world’s largest bank Wells Fargo has been charged $185 million fine for illegal sales practices that included opening of 2 million fake customer accounts. Following the allegations, the bank fired over 5,300 employees who engaged in…

Rice Energy Succeeds With Force.com And AppExchange Partner Confident Governance’s Governance as a Service Platform To Enable Their Risk And Compliance Governance As a Competitive Advantage

At Confident Governance, world’s number one Company specializing in Cloud Governance, we have a mission to Democratize Governance Worldwide and we strive ahead with this vision through successful Partnership with the robust Salesforce.com platform. There has been no looking back since the inception and our innovative Governance as a Service module has been utilized and appreciated by…

Developing Innovative Risk Management Strategies For Non-Profit Organizations

A lot has been talked about Risk Management and effective ERM Strategies. While Companies worldwide, whether Public or Private, are customizing ERM processes to suit their requirements and achieve Business goals, there is an obvious void between achieving Project goals by aligning Risks in Non-profit Organizations. Risk Management is a rapidly developing discipline with varied views.…

Fostering Agility in Compliance : Need of the hour for Global Organizations

In most global discussions today, we frequently hear words like Emerging Technologies, Cross-generational workforce, Changing international economies and so on and so forth. If we ever had to summarize all of these topics in just one word , what would be that word ? Yes, it’s “Agility”. In this dynamically changing Business market Agility is no…

5 Pivotal Ways Internal Audit Will Transform In Next Decade : Part 5

In this concluding post of ConfidentNow blog series  the top 5 ways Internal Audit will be transformed in next decade , we will discuss about the last but not the least element of Transparency in Internal Audit. At the 75th Anniversary of IIA , Confident Governance Chairman Bhavesh Bhagat is going to share his insights on the Emerging Trends in Internal Audit and how…

5 Pivotal Ways Internal Audit Will Transform In Next Decade : Part 4

In our series of the top 5 ways Internal Audit will be transformed in next decade , today we will discuss about a very vital aspect of Internal Audit, that’s Reporting. As GRC has evolved over last decade, Internal Audit too has witnessed some dynamic changes in it’s Processes and one of them is being equipped with Robust Reporting/Dashboarding tools. This…

5 Pivotal Ways Internal Audit Will Transform In Next Decade : Part 3

Focussing on how Integrated Platform Technology can leverage your Audit processes, we carry forward the conversation on the top 5 ways Internal Audit will be transformed in next decade. To have a deeper insight on how Internal Audit departments can leverage Emerging Technologies and gain Agility, we can have a look at how the use of Technology in Internal Audit has…

5 Pivotal Ways Internal Audit Will Transform In Next Decade : Part 2

Continuing our discussion on the top 5 ways Internal Audit will be leveraged in next decade, today we will discuss about the Automation of Internal Audit Processes using Emerging Technologies. This year IIA will be celebrating it’s 75th year of Establishment, and so it becomes even more relevant to gain insights on the dynamic changes brought…

2016…Leap Forward with Agility and Confidence

Year ends are a time to introspect and to plan the upcoming year. Above all this is the time to Thank all those who have touched you in the past year and have helped you thrive against all ups and downs of life. This year I want to Thank all of our Confident Ecosystem of Customers, Partners…

Millennials : Next Level Of Leadership ?

An Expert once said “Every Generation’s fundamental job is to prepare the place for the next Generation”. In terms of Business, this quote translates as aligning the Cross-Generational Workforce for achieving Business Excellence. While working through this objective it becomes vital to know what are the defining characteristics of the various Generations and how to Align them. In…

Leveraging Cutting-edge Technology To Gain Agility In Compliance

We live in an Era where Efficiency is no longer an option, it is a Necessity. What are the ways we can achieve Efficiency? You guessed it right, through Modern Technology. Technological Advancements have re-vamped the Business Processes Globally in the areas of Medical Science, Astronomy, Media ,Biological Sciences,etc… However, only a few have written/spoken…

Agility in Risk Management Strategies – Why? , How? and Where?

We reviewed the importance of Innovative Risk Management Strategies in the previous post. But there are more than one dimensions to Effective Risk Management. Risk Management is a rapidly developing discipline with varied views. Moreover, there is no “one-size-fits-all” approach for ERM. So, what is the other dimension we need to add to Effective Risk…

Innovative Risks And Digital Business Frameworks

A couple of weeks back, as I was looking out of the window , I saw the usual panorama of tall and architecturally Innovative buildings, digitally equipped cabs, the Financial news flashing on the big screen, and of course the People passing by with all their latest gadgets. This has been the usual view through many years…

Chatter Topics – Using Hashtag To Simplify Official Collaboration

Influx of Salesforce Chatter has led to efficient Collaborative means of communicating within Organizations of all sizes. Chatter has given a whole  new dimension to Business Collaboration by giving it’s  Users instant access to Content and Expertise they need in their work area. This is not all, Chatter enables the savvy Organization to Centralize all forms…

Facilitate Creative And Co-ordinated Teamwork With Chatter Groups

With all our previous posts on Chatter, you might have deciphered by now that the role of any Collaboration Tool is not just enabling Collaboration, but also to leverage Business, to enable making swift Business decisions and to achieve Optimum Results with Minimum Resources. This infers that a Collaboration Tool with the right Governance methodology that automatically…

The Two Constants Of Governance And Risk Management Automation

Recently I was having a conversation with one of my colleagues in Washington DC and a Chairman of a Board, when, amidst the discussion of Global Trends and Technologies, a very interesting subject came through. It was regarding the Amazon CEO Jeff Bezos, who recently revealed the Success of his Company. According to Bezos, if you want…

A Business Directory Inside Your Salesforce Organization – Chatter Profiles

Chatter provides an array of Collaboration features and capabilities to any application built on the Force.com platform. These Collaboration features include real-time Feed Updates, User Profiles, and Feeds that allow Users to see changes that are important to them. For a Developer, this Social Platform opens up endless possibilities for Customization. Particularly in this excerpt, we will focus…

Stand Up Tall Against Information Security Breaches – Cloud Governance Is The Need Of The Hour

The Internet is becoming the town square for the modern global village and Cloud Computing is the new Industry buzz. Numerous Enterprises big and small are getting inclined towards the Cloud to leverage efficiency, reduce cost and augment expediency to the end-users by making the services and resources available wherever there is an internet connection.…

Communicating Emerging Technologies And Trends To The Board Of Directors

The Emerging Trends and Technologies are of tremendous importance to the Board and to the CEO. These trends and technologies allow them to survive and endure the competitive market. Hence the focus has shifted from not “whether” a company should adopt it or not, but to “how” it should be implemented in a reliable way. This…