Nonprofits are exposed to legal risks that could have substantial financial and reputational impacts. Recognizing and managing these risks is crucial to maintaining trust with funders, partners, and the communities served. Here’s a look at three common areas of legal risk for nonprofits and how they can be effectively mitigated.
In the nonprofit world, governance and leadership are the cornerstones of organizational success. Learn about some common governance and leadership risks that nonprofits must address to ensure long-term sustainability.
Financial risks are an unavoidable reality for nonprofit organizations, but with strategic planning and a proactive approach, these risks can be managed effectively. Learn how your organization can address these risks head-on to achieve long-term sustainability and make an even greater impact.
Listen as PBMares Partner, JJ Edmunds, explains the need to join the Firm's cybersecurity and business process optimization teams to provide Risk Advisory Services.
In the wake of COVID-19, financial institution fraud is on the rise thanks to a mostly virtual environment and exposed vulnerabilities in organizations’ security systems and processes. Developing awareness of the types of fraud schemes is an important part of mitigating and lowering the risk.
How should an organization measure and respond to risk?
2020 has been a year of transformation, challenge, and opportunity.
As 2016 winds down it is time to start looking ahead to 2017. Recently, Experian, a leading global information systems company, released its 2017 Data Breach [...]
Like any corporation, credit unions rely on a number of other businesses for materials, support, maintenance and more. Outsourcing these other activities allows credit unions to keep their costs efficient and their resources focused on their core banking functions instead. Because more and more credit unions are out-sourcing activities, the National Credit Union Association (NCUA) has outlined requirements for managing third party relationships.
Risk is the one element that lurks in the background of all businesses, impacting them in some form or fashion. When defining objectives, it is always important for a business to calculate risk and determine the amount of risk they are willing to accept.
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