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DTSTART;TZID=America/Los_Angeles:20160616T070000
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DTSTAMP:20231213T003858Z
CREATED:20231213
LAST-MODIFIED:20231214
PRIORITY:5
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TRANSP:OPAQUE
SUMMARY:"FRAUD! The Director’s Role in Detection and Deterrence"
DESCRIPTION:While the scale and breadth of the Volkswagen emissions scandal make it hard to beat, VW is far from alone. Consider Theranos, Inc., the 14 Detroit Public Schools principals charged with bribery, or FIFA to name a few recent headline grabbers. Fraud happens—and more frequently than we’d like to think. How does it occur? Shouldn’t “someone” have seen it coming? Exactly who should have?\nWe will cover both financial fraud and operational fraud, and look at the board’s role in detecting it, because when things blow up the question is always “where was the board”?\n\nWhat are the red flags?\nIs the data relayed to the board and management team “too good to be true”?\nDoes the board have a deep enough understanding of the business?\nAre compensation incentives appropriate?\nWhat is the culture?\n\nWhat are the conditions that enable such situations to develop?\n\nPressure for results?\nUnrealistic deadlines/too much to do?\nSimple temptation?\nPressure from personal issues?\n\nCould it happen at your company? What can be done to prevent/detect/correct it? \n\nWorkplaces can be pressure cookers of increasing demands at breakneck pace, leading to lapses in compliance. Tight economics can also lead to taking shortcuts; and never underestimate the power of “rationalization”.\nWhile the big companies provide the most outrageous examples (e.g., WorldCom and Enron), it happens at all sized companies—public, private and, perhaps most disturbingly, at not-for-profits. Fraud shows up everywhere and it is almost always a shocking surprise.\nOur experts will illustrate and illuminate the causes and warning signs, and effective ways to detect and deter operational and financial fraud.\n\n
URL:https://directorsforum.com/event/fraud-the-directors-role-in-detection-and-deterrence/
CATEGORIES:Members-Only Breakfast Program
LOCATION:3777 La Jolla Village Dr, San Diego, CA 92122
ATTACH;FMTTYPE=image/jpeg:https://directorsforum.com/wp-content/uploads/2023/12/Fraud-Prevention.jpg
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