Author Archives for Jim DeLoach

Preparing an Organization for an Economic Downturn

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There is no better time to prepare for an economic downturn than when times are good. With the memory of the severity of the 2007–2008 financial crisis still fresh in the minds of many directors and executives, how should companies prepare for a downturn in the cool of the day, rather than reacting in crisis mode? Most business plans do not currently anticipate economic downturns; however, a contingency plan makes good business sense because it positions companies to act decisively when recessionary storm clouds loom on the horizon. Organizations develop contingency plans to address market opportunities should they arise and... Read More


Seven Ways to Stronger Oversight of Supply Chain Risk

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One important source of operational risk relates to the organizations, people, processes, and resources comprising a company’s supply chain. In many sectors, companies increasingly depend on the external elements of the supply chain (e.g., suppliers, outsource partners, third-party logistics) in an effort to cut costs while increasing capabilities and global reach. Because every business depends on a well-functioning, cost-effective supply chain, every board should consider its oversight of supply chain risks. The following are seven suggestions for better board-level oversight of supply chain issues. 1. Strike the right balance when selecting a supplier. Time, cost, quality, and risk are four... Read More


Ten Keys to Effective Board Oversight of M&A

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In 2016, the National Association of Corporate Directors (NACD) and Protiviti co-hosted a series of roundtables that brought together more than 60 directors to discuss current challenges and effective practices in board-level mergers and acquisitions (M&A) oversight. Based on insights from the roundtables and our experience serving clients in the M&A space, we offer the following keys to the board’s M&A oversight. 1. View M&A through the lens of the growth strategy. Companies pursuing growth through M&A should articulate the strategic underpinnings of the growth strategy. Doing so provides a context for evaluating prospective targets and their strategic fit (e.g.,... Read More