“Welcome to the GEC Risk Advisory website. We help global clients develop and implement strategic governance, risk and reputation solutions. Sometimes they are industry leaders, other times they are dealing with a crisis and yet others they are rebuilding after a crisis.
One thing is central to everything we do: We are committed to helping our clients transform risk into value℠ wherever they are located, whether they are for-profit, non-profit, academic or governmental and whatever sector they are in – financial, technology, pharmaceutical, healthcare, manufacturing, energy, media or otherwise.
Our website offers a number of resources and information:
• Thought Leadership: articles, webcasts and other resources on governance, risk and reputation management
• Services: descriptions and examples of services for executives, boards, investors and advisors
• Media: Our latest news, media appearances and quotes
• Events: Upcoming and past events – live and virtual
• Company Information: About GEC Risk, our Advisory Council, Team & Strategic Partners
• Contact information
We are fascinated by a world that is changing faster than anyone of us can possibly fathom. We hope to make a positive and constructive contribution both through thought leadership and our client work with the ultimate aim being to build sustainable organizational value that maximizes positive impact on relevant stakeholders.
We encourage you to connect with us and follow us on twitter @GlobalEthicist!
Andrea Bonime-Blanc, JD/PhD
CEO & Founder, GEC Risk Advisory LLC
Integrity Risk & Reputation Executive Workshop – Madrid, June 17, 2014
Visually captured by Inky Thinking’s Tom Russell
GEC Governance, Risk & Reputation Strategies
Achieving a sustainable culture of integrity that is also profitable and successful requires long term commitment by the CEO and the board as well as creative strategic risk management
In an article contributed to the December 2013 ECOA Connections Newsletter, Andrea Bonime-Blanc outlines how a sustainable and profitable culture of integrity can be achieved. Here are several excerpts (for the full article, download PDF here):
“We all know both from experience and viscerally that the success or failure of an ethics and compliance program — of an overall culture of integrity — begins and ends with our leaders and the tone they set at the top.
While we also talk about mood in the middle and buzz at the bottom, if one had to choose only one of these for importance, tone at the top wins the contest by a long shot…”
“…I would suggest a three-pronged analysis of your chances of being successful:
1. What’s Your CEO’s Integrity Culture? What is the style and tone of your CEO? Is he/she an “Irresponsible”, “Superficial”, “Responsible” or “Enlightened” leader? In my GlobalEthicist Column for Ethical Corporation Magazine “Take it From the Top” (http://bit.ly/11x7got), I distinguish four types of leader when it comes to ethics, compliance, corporate responsibility and risk management…”
2. “What’s Your Board’s Governance Posture? Is your board completely captivated by your CEO because she/he is also the chairman of the board? Or do you have a board that has independent directors, an autonomous audit committee and other effective corporate governance? If the former and it’s combined with an “Irresponsible” CEO…”
3. “What’s Your Company’s Strategic Risk Approach? How does your C-suite approach strategic risk? Does it go on acquisition sprees without the proper due diligence? Does it engage in third party supply chain relationships without the proper technological and governance framework? The more reckless…” (to view full article download PDF here).
“Leaders Turn Risk Into Competitive Advantage”
Switch & Shift TV Interview
Strategic risk and reputation management is critical – properly deployed and aligned, it can be turned into opportunity.
Andrea Bonime-Blanc, JD, PhD, is the founder and CEO of GEC Risk. She is a multi-industry, award-winning c-suite executive, board member, speaker and author, with two decades of diverse leadership experience in the private, public and non-profit sectors. She has served in the technology, media, infrastructure, manufacturing and professional services sectors as general counsel, chief ethics and compliance officer and head of enterprise risk management, corporate responsibility, internal audit, external affairs, environment, health & safety and strategic communications. She serves on several boards of directors and is Chair Emeritus of the Ethics & Compliance Officer Association. For further information, click here.
Ethical Corporation Magazine November 2013 Cover Story: The GlobalEthicist’s Column on Executive Whistleblowers.
GEC Risk Advisory – Global Supply Chain Governance Resources:
“Supply Chain Risk: What Companies Need To Know”. The GlobalEthicist October 2013 Column. Ethical Corporation Magazine.
By Andrea Bonime-Blanc, GEC Risk Advisory.
What does an outbreak of fungal meningitis in the US in 2012 have in common with the explosion of NASA’s Challenger shuttle in 1986? What does the recall of toxic toys have in common with a spate of suicides at a manufacturing facility? What does tainted baby formula have in common with the deadly collapse of a garment factory building?
There is a common thread that runs through these mostly tragic stories: the breakdown of supply chain risk management. In each case one or more components of the supply chain were not properly risk managed, resulting in terrible consequences.
There are all too many examples of the devastating consequences of overlooking supply chain risks. Get it right, and a company and its stakeholders can reap the benefits.
To read more, this article may be accessed here: http://bit.ly/H1fHRH
“The Changing Chinese Supply Chain: Building a Sustainable and Reputable Supply Chain in and out of China”. The Conference Board Executive Action Series. November 2013.
By Andrea Bonime-Blanc, GEC Risk Advisory, and Michael Hickman, Haiwen & Partners.
“We have all heard the horror stories: Chinese children falling ill or dying from infant formula; Chinese employees working under dangerous environmental, health, or safety conditions; and injuries in other parts of the world to people poisoned by harmful ingredients found in construction materials and household goods manufactured in China.
Everyone in the supply chain can be open to blame—from the defective raw material supplier to the manufacturer of the defective end product. In between there are the shop floor personnel who flaunt quality or safety practices, procurement departments without an adequate supply chain program or resources, lax safety or product inspectors, and boards of directors who don’t hold the CEO and management accountable.
This report highlights key legal and compliance trends affecting the Chinese supply chain and suggests risk and reputation management guidelines for a successful approach to this complex and multifaceted task. It is relevant for multinational companies (MNCs)—those in China, those selling products and services within China, and those whose supply chain originates in China for distribution outside of China.”
To read more, the report may be downloaded here
Latest Resources & Thought Leadership
Argentina’s IAE Business School Video on the Ethics & Compliance ECOA Education/Certification Program held in April 2014 in Buenos Aires. Andrea Bonime-Blanc served as a faculty member. Video available here: Watch Video
The Ethisphere Institute’s Second Annual Latin America Ethics Summit takes place in Sao Paolo, Brazil, July 16-17, 2014. Andrea Bonime-Blanc will be a speaker and facilitator for “Building Ethical Leadership and Culture into your Business Strategy”. To register with the special speaker discount please enter “speaker25LAES” at www.latinamericaethicssummit.com
“Las Siete Virtudes Cardinales de la Responsabilidad Corporativa Inteligente”. Published in Spain’s leading business newspaper FT’s Expansion on June 9, 2014. By Andrea Bonime-Blanc and Murray Grainger. Download Here
“FCPA Enforcement Puts Fixers in the Spotlight”. Interview with FT’s Agenda Week, by Melissa Anderson. June 10, 2014. Download Here
LATEST GlobalEthicist Column:
“Risk and Opportunity: The Role of Stakeholder Trust”
Whether the impact is one you can measure, or something less quantifiable, loss of trust has a lasting effect. Reputation risk and opportunity are events that can hurt or enhance an entity, person, product or service, from the largest entities in the world – the biggest governments, for example – to the tiniest of entities: small businesses and, of course, people and products. At the crux of reputation risk and opportunity is stakeholder trust – its loss or its enhancement.
The GlobalEthicist –>“Risk and Opportunity: The Role of Stakeholder Trust”
Andrea Bonime-Blanc wrote the OpEd “Acerca del Management Reputacional” (About Reputation Management) for Argentina’s leading business newspaper, El Cronista, published on April 23, 2014. In it, she states that over a decade after the collapse of Enron, many companies don’t seem to have learned important lessons about risk and reputation management and proposes a triangular solution to preventing future scandals.
Wall Street Journal – Risk & Compliance Journal interview with Andrea Bonime-Blanc for article “Mammas Don’t Let Your Babies Grow Up to be Chief Compliance Officers” Download Here
The Wall Street Journal referenced the Sports Business Journal piece by Andrea Bonime-Blanc on what companies can do to risk manage corruption at global sporting events: View the WSJ.com article here
“What Companies Must Know About Global Anti-Corruption Laws” outlines risk management steps companies doing business in major global sports venues such as Olympics and the World Soccer Cup in Russia and Brazil should take. By Andrea Bonime-Blanc To view please Click Here
The GEC Risk Advisory Council is made up of leaders and experts in their fields, including former CEOs of major publicly traded global companies, experts and luminaries in the field of social accountability, corporate responsibility, executive leadership, global talent management, and non-profits, academic leaders and writers of groundbreaking books and research in the fields of governance, risk and reputation management. They help guide and advise the firm on maintaining the highest quality and most up to date approach to governance, risk, ethics, compliance and corporate responsibility issues in the global marketplace today. For more information: Click Here