📅 This Week in GRC: The Year So Far
MBK Search
We connect the best risk, audit, and compliance talent with the world’s leading firms.
Welcome to Issue 64 of This Week in GRC, MBK Search's weekly digest of the news and views in the world of governance, risk, and compliance.
🔔 This Week's Opening Bell
We're half way through one of the busiest years for those working in governance, risk, and compliance. Sneeze and you'll miss it - and that's nothing to sniff at. Much has happened in the last six months, so in this edition of This Week in GRC, we wanted to recap some of the biggest stories in 2024 so far.
We'll be taking a break next week and will be landing back in your inbox on Friday 28 June. 🏖️
📰 This Week's Issue
📰 The most popular stories from MBK Search so far in 2024
📢 The best hot takes from the GRC community
📺 Our most popular episode of MBK Talks
✍️ MBK Search's Most Popular Reads in '24
Explainer: What the SEC's Bitcoin EFT ruling means for GRC
The SEC made history in January, overturning years of rejections to finally approve the first cryptocurrency exchange-traded funds (ETFs) tracking bitcoin prices.
The watershed regulatory move carries significant implications across the crypto industry and for the governance, risk, and compliance market as a whole.
How TikTok could operate in the U.S.
The decision earlier this year to ban TikTok from running in the U.S. will have huge ramifications, not just politically, but for everyone with a smartphone in their pocket. But from the ByteDance ashes could something new rise? We look at the ways in which the popular video app could
What's in the PCAOB's new quality control standard?
The Public Company Accounting Oversight Board (PCAOB) recently introduced a new quality control (QC) standard to improve the QC systems of registered public accounting firms. This move is part of a broader effort to ensure that audits and other engagements are conducted to protect investors and enhance market confidence.
Here, we break down the key elements of the new standard, QC 1000, and its implications for governance, risk, and compliance (GRC) professionals.
What the Supreme Court's omissions ruling means for the GRC community
Shareholders can't sue a company for remaining silent on risks or trends that might have a material impact on its business, the U.S. Supreme Court has ruled. What impact will this have on GRC professionals?
Is it time for a CCO liability framework?
Talk of a liability framework for compliance leaders is a well-trodden path, but what is standing in the way of making it a reality? And is it time for the SEC to walk its talk?
📢 The 10 best GRC hot takes so far in '24
Hot takes and analysis from those on the shop floor
An important take on whether 'The Big Four' need to rethink governance in 2024 by Alison Taylor.
Debate in Internal Audit circles continues about the IIASB's new global standards. IA consultant Michael Parkinson shares his thoughts.
Bill Isaac on why confidential examiner ratings of banks should remain confidential
"The most comprehensive long-run analysis I’ve seen of ESG scores versus returns — by Rómulo Alves, Philipp Krüger and Mathijs van Dijk — shows no relationship at all, be it across regions, time periods or ESG constituents. Indeed the statistically weakest of the three weak relationships was governance," writes Stuart Kirk in the Financial Times.
"The opacity of generative AI systems makes it difficult to ascertain whether decisions are made fairly, without bias, and in compliance with regulatory standards. This lack of transparency can pose significant challenges, especially in regulated industries where regulators expect decision-making to be explainable and auditable," writes Mario Menz in Compliance Week.
Norman Marks asks whether risk managers can, literally, quantify every risk they face:
Elliot S. Schreiber, Ph.D. explains why he thinks "the argument over shareholder versus stakeholder value is a false dichotomy".
“The Honest Broker” explores what he calls “the politicization of science diplomacy”.
Luke Raven asks, "Why not charge Meta with handling proceeds of crime when taking money from the bad guys...?"
"If, for reasons outside the control of your organisation, you suddenly lost access to the internet, to international communications more generally, to your offices, to air or land transportation, or to several of these at once, what would you do?"
📺 This Week's GRC Podcast
GRC podcasts to watch and treat your ears to
If you're an internal auditor thinking about the next stage of your career, you'll be confronted by the age-old question: "Should I go the consulting route, or go into industry?" On this episode of MBK Talks, we talk career routes for Internal Auditors with chief audit executive and founder of the audit hub Kyle McMullan.
🧑💼This Week's Hottest GRC Jobs
Make your next career step with MBK Search
At MBK Search, we find world-class talent so you can build champion GRC teams. Let's start building today. Click here to apply for the latest GRC roles.