Chapter 12Risk Management
Exam Notables
In 2017, the acting CEO of Samsung was indicted on charges of bribery and embezzlement. In addition to stock price manipulation and auditing irregularities, the filing claimed that the CEO sent millions of dollars to the South Korean president in exchange for a decision approving a company merger. The scandal eventually led to imprisonment of the CEO—and the successful impeachment of the president of South Korea! Comprehensive investigations, fines, jail, a compromised brand, and perceptions of unfair business dealings are just a few of the negative results that occur when an organization fails to manage risk adequately.
The SHRM BoCK notes that organizational risk may come from both internal and external ...
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