Risk Management Disaster Planning and Protecting Against

Whats Risk Management?

Conducting Risk Management Assessments

Legal Protection

Managing Risks in Financial Management

Managing Risks in Volunteer Management

Managing Risks in Fundraising

Resource Management (people, computers, records and cilities)

General Resources

Also see

Related Library Topics

In addition to the articles on this current page, see the following blog which has posts related to Risk Management. Scan down the blogs page to see various posts. Also see the section Recent Blog Posts in the sidebar of the blog or click on next near the bottom of a post in the blog.

Librarys Human Resources Blog

Risk management is attempting to identify and then manage threats that could severely impact or bring down the organization. Generally, this involves reviewing operations of the organization, identifying potential threats to the organization and the likelihood of their occurrence, and then taking appropriate actions to address the most likely threats.

Traditionally, risk management was thought of as mostly a matter of getting the right insurance. Insurance coverage usually came in rather standard packages, so people tended to not take risk management seriously. However, this impression of risk management has changed dramatically. With the recent increase in rules and regulations, employee-related lawsuits and reliance on key resources, risk management is becoming a management practice that is every bit as important as financial or cilities management.

There are several basic activities which a nonprofit organization can conduct to dramatically reduce its chances of experiencing a catastrophic event that ruins or severely impairs the organization.

Organizations should regularly undertake comprehensive, focused assessment of potential risks to the organization. This focused assessment should occur at least twice a year by a team of staff members representing all the major functions of the organization. The assessment should be carefully planned, documented and methodically carried out.

The most common risks are typically of the types listed below. Comprehensive checklists help a great deal to quickly review a wide range of organizational aspects. Other aspects require more careful review.

Checklists in the following sections cover almost 140 considerations to ensure a well run and highly protected organization.

Efforts undertaken to manage an organization well also contributes to sound risk management. For example, a fully attentive board with a wide range of skills may be the most important guard against major threats to an organization. SeeGovernance (Board) Indicators to assess the quality of your board. Also referenceBasic Evaluation of the Board.Careful strategic planning and effective supervision helps ensure organizational resources are closely aligned to accomplishing the organizations mission, and that staff and volunteers are treated irly and comply with rules and regulations. SeePlanning Indicators andHuman Resources Indicators.

Every organization must have up-to-date policies which guide the relationships between staff and management. There has been a noticeable increase in lawsuits regarding wrongful termination, harassment and discrimination, disagreements about promotions or salary actions,nike outlet store. etc. Parties to lawsuits include the organization, management and/or board members. Therefore, personnel policies must be reviewed at least once a year by an outside advisor who is an expert about all of the employee-related laws and regulations. SeePolicies (Personnel).

Be sure that management is well versed about the policies. Typically, courts will interpret actions by organizational personnel as representative of the organizations preferred course of action and superseding related, documented policies.

For a broad and basic overview of insurance, seeInsurance Against Liability (legal/lia_insr.htm). You might first review this information and then invite an insurance agent (or better yet, an insurance broker) to visit your organization to provide you an overview of the types of insurance typically sold to nonprofits. Note that many insurance professionals might not understand the nature of nonprofits. Therefore, you might first ask a few people from fellow nonprofits for references.

As dreadful as it may sound, you must schedule two hours sometime during the year to close your door and study your insurance policies. Note any questions and pose them to your insurance professional. Ask him or her to provide you a written, clear description regarding any ambiguities and to do so on company letterhead with his or her signature.

Note that Directors and Officers Insurance (D & O, and covered in the above "Insurance Against Liabilities" section) is increasingly considered because of the increasing number of lawsuits. In addition, D & O insurance helps attract highly experienced board members. Be sure your D & O insurance covers "insured vs. insured" which covers employee-related lawsuits and also covers ongoing costs to address a lawsuit (rather than paying only when the outcome of a lawsuit has been decided).

Personnel policies specify how personnel should be hired, supervised and fired in accordance with employment laws that ensure ir, equitable and legally compliant treatment of others. Personnel, particularly those who supervise others, should be trained on the policies.

Background checks can detect if a person has committed crimes, major or minor in nature, which might suggest tendencies for how the person will act in the workplace.

Conduct Board orientations once aRisk Management year for members.

Board orientations make members aware of the unique aspects of the Board and the organization, including the Board&8217;s policies, for example, about ethics, conflict-of-interest, whistleblowers and document retention/destruction.

The policy should specify how Board members, employees and others could safely report that an alleged or actual organizational behavior or practice is illegal,Nike soccer cleats unethical or inappropriate, without retaliation to the whistleblower.

The policy should specify the types of behaviors to conduct and/or to avoid in order to ensure that Board members conduct themselves in a manner that treats others irly, equitably and that is legally compliant.

These procedures ensure that the activities in financial management are conducted in a highly thorough, accurate and useful manner that also minimizes the likelihood of malfeasance, including theft, fraud or misappropriation of funds.

The audit or review verifies the usefulness and accuracy of some or all aspects of financial management and, thus, greatly increases the likelihood that financial numbers and reports are indeed accurate.

Are You Protecting Your Assets Properly?

Avoiding Fraud

Control Self-Assessment

Safety / Slips and Falls : Risk Management Internet Services Library (rmis-)

Fraud Symptom 1 &8211; Insatiable hunger of CEO

Fraud Symptom 2 &8211; A Weak CFO

Fraud Symptom 5 &8211; Insufficient focus on organization culture and processes

Also see

Addressing Financial Controls and Risk Management

Arkwright Mutual Insurance Company

Disaster Planning and Recovery

Disaster Preparedness Planning Guide for Facilities

To conduct a general audit of legal-related matters in your organization, seeLegal Indicators (org_eval/uw_legal.htm). Also seeadvice to boards about legal protection (legal/lgl_thot.htm).

See the

Volunteer HR Management

Energize, Inc

Keeping Volunteers Safe From Harm: Street Smarts for Unmiliar Turf

Tempting But Confusing and Dangerous: Paying Volunteers Just a Little Something

See theFundraising Indicators checklist. Also see theNonprofit FAQ ( site which explains how to deal with a wide range of potential fundraising issues.

This aspect of risk management is often overlooked. Each key role in an organization should have some type of resource to back up performance of that role. For example, another person in the organization should have general understanding of another persons role in case that other person for some reason is not able to perform the role. The use of up-to-date job descriptions, todo lists and receiving regular status reports both help to ensure understanding of how others carry out their roles. Have a staff member back up another member who is on vacation. During staff meetings, have a staff member give a presentation about their role and how they carry it out. Ensure that each critical role has at least one backup person who can step in to conduct the role. The backup assignment should be part of the persons job description to help the person take the assignment seriously.

1. Record all records in a central location and well labeled.

2. Keep critical documents (e.g., board minutes, leases and contracts, Articles of Incorporation, ByLaws, letter from the IRS granting tax-exempt status, etc.) preferably in a fireproof box.

3. Personnel files should be locked in desk drawers with access granted to the Executive Director and his or her assistant.

4. Allocate two hours each year for staff to audit the agencys documentation for relevance, adequate labeling and reasonable organization.

1. Always lock your doors. This seems obvious, but too many organizations il to do so.

2. Ensure your fire protection systems are fully functional by scheduling to test fire alarms twice a year or demanding that your cilitys owner test alarms twice a year. Note that certain electrical equipment can be severely damaged from water sprinklers. Arrange adequate covering or arrangement to minimize water seepage if overhead sprinklers open up.

3. Conduct inspections twice a year, including to:

a) Inspect floors for ripped carpets

b) look for cables or wires laying on the floor (tape over them if you have to)

c) Notice any electrical outlets with black soot hear outlets (this indicates electrical shortages)

d) Ask all staff if their office accommodations are sufficient, e.g., their chairs are entirely comfortable (tilted correctly for their backs and at the right heights), is lighting sufficient for desk and computer work, etc.

e) Notice any heavy items on or near the floor which staff must continually stoop to lift, e.g., boxes of for the copier or printers; open boxes before theyre set on the floor or stack heavy items in a storage room on a shelf

f) Ensure all doors have fully functional door knobs (its amazing how long people can tolerate something as small as a knob that continually jams so the door is difficult to open)

g) Ensure there is a well-stocked first-aid kit available to all staff

h) Post emergency numbers on the wall near the central phone

i) During the winter, ensure adequate ice removal, e.g., spread sand over ice or use salt to melt ice

j) Schedule ten minutes in a staff meeting once a year for the entire staff to reflect on the quality of the cilities

Basic Overview of Nonprofit Risk Management

Nonprofit Risk Management Center (extensive collection of resources)

List of numerous online articles about nonprofit risk management

Overview of Liability Insurance

Risk management Learning Center

Risk Management Association

Business Insurance

Glossary of Risk Management and Insurance Terms

Risk Management Process Insights – How to Reduce Surprises while Gaining Productivity

Insurance Glossary

Big Blunders in Business: How Your Business Can Learn From Common Mistakes

Preparing Annual Risk Management Strategy

Senior Management Commitment to Risk Management

Your Personal Contingency Plan

Risk Management Strategy of Virgin Group

Soft Skill Trainings for Risk Managers

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also nike air max shoes, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.

The following books are recommended because of their highly practical nature and often because they include a wide range of information about this Library topic. To get more information about each book, just click on the image of the book. Also, a bubble of information might be displayed. You can click on the title of the book in that bubble to get more information, too.

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IANS Names Former CTO of the Center for Internet Security as SeniorVice President of Research and Chief Technology Officer

IANS Names Former CTO of the Center for Internet Security as SeniorVice President of Research and Chief Technology Officer

Dave Shackleford Will Lead New Services Development and Client Engagements; Debut at IANS New England Information Security Forum on September 20 and 21

BOSTON, MA, Sep 14, 2011 (MARKETWIRE via COMTEX) –IANS, a research and consulting firm focused exclusively oninformation security and IT risk, announced that Dave Shackleford,founder of information security consulting firm Voodoo Security,author of the popular ShackF00 infosec blog, and a leading authorityon virtualization security, will join the IANS leadership team asSenior Vice President of Research and Chief Technology Officer (CTO).Shacklefords information security and IT risk management executiveleadership roles have included Chief Security Officer ofConfiguresoft, Vice President and CTO with the Center for InternetSecurity and Chief Security Strategist for EMC Ionix. He also is aSANS Institute Certified Instructor as well as the SANS curriculumlead and lead author for virtualization and security courses.Shackleford is a featured speaker at the upcoming IANS New EnglandInformation Security Forum which will be held in Boston on September20 and 21 and will present at the inaugural IANS SoutheastInformation Security Forum in Atlanta on October 5 and 6.

Dave is one of information securitys most dynamic leaders. Hebrings to IANS a powerful blend of information security thoughtleadership, implementation experience, and executive managementskills. Daves sharp analytical mind and the ability to clearlydefine and explain the most complex security topics will amplifyIANS value to clients, said Phil Gardner, Founder and ChiefExecutive Officer, IANS. IANS primary focus is on providingstrategic advisory services and cilitating new approaches to ITsecurity through expert interaction, not ivory tower research. Davewill lead and undoubtedly thrive in his new role.

IANS Introducing Virtualization Security Practice Shackleford isresponsible for expanding IANS service offerings and researchtracks. His immediate priority is launching a new practice to helpclients protect virtualized computing environments,Nike soccer shoes an area in whichhe has long been a consultant and educator to many of the worldsmajor enterprise security organizations. Shackleford was mostrecently founder and principal consultant of Voodoo Security, aspecialized information security consultancy focused on securityassessments, risk and compliance analysis, and virtualizationsecurity. He has consulted with hundreds of organizations from avariety of industries about security regulatory compliance andnetwork architecture and has received the VMware vExpert designation.

Virtualization technology is the focus of many potential threats andexploits, presenting new vulnerabilities that must be managed. Inaddition, there are a vast number of configuration options thatsecurity and system administrators need to understand, with an addedlayer of complexity that has to be managed by operations teams.Virtualization technologies also connect to network infrastructureand storage networks. These technologies require careful planningwith regard to access controls, user permissions, and traditionalsecurity controls.

I am very excited to join IANS and have the opportunity to offer itsend users solutions based on real world experience, said DaveShackleford, Senior Vice President of Research and Chief TechnologyOfficer nike air max shoes, IANS. This is a critical time for CSOs, CISOs, and othersecurity executives. We are cing increasingly complex challenges.The opportunity to work with information security leaders to developworkable solutions for todays most pressing issues will be achallenge but also a great opportunity. I look forward to workingwith the entire IANS team to develop thought provoking content tohelp guide the evolution of information security and IT riskmanagement.

About IANS IANS is the leading provider of in-depth securityinsights delivered through its research, community, and consultingofferings. Fueled by interactions among IANS Faculty and end users,IANS provides actionable advice to information security Nike Air force, riskmanagement Nike mercurial vapor superfly, and compliance executives. IANS powers better, ster,technical and managerial decisions through experience-driven advice.

IANS was founded in June 2001 and is inspired by the Harvard BusinessSchool experience of interactive discussions driving collectiveinsights. IANS offerings include tRisk Managementhe Enterprise Client annualresearch membership, eight regionally held Information SecurityForums, peer-based roundtable discussions, and a custom collection odvisory services for security professionals and security solutionproviders.

For more information and to access complimentary research oninformation security and IT risk management visit .

Contacts: Rick Sheehy Media Relations 508-596-5802 Email Contact Anne Nielsen Marketing Manager 617-948-5728 Email Contact

SOURCE: IANS Research

Data says it all about economy: flat, flat, flat

So its official: In August there was no jobs growth, no sales growth and no price growth. No surprise…

Buying opportunity of a lifetime getting closer

The imminent collapse of the euro will present the buying opportunity of a lifetime to investors who are…

Bachmanns pharma largesse

The presidental candidate blasts Texas Gov. Rick Perrys ties to Merck, but records show that her campaign has raked in close to $-,000 in donations from Big Pharma.

Euro collapse a buy trigger

The imminent downll of the euro will present the buying opportunity of a lifetime to investors who are ready to swoop in.

Targets Missoni mayhem

Why did Missoni shoppers storm Target stores across the country and crash the companys web site?

• Target: Excitement unprecedented

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Ping An Bank in China Selects Fiserv for ALM Liquidity and Interest Rate Risk Management Solution

BROOKFIELD, Wis. Nike Air force, Sep 13, 2011 (BUSINESS WIRE) –Fiserv, Inc. , the leading global provider of financial services technology solutions, announced today that Ping An Bank has implemented the Fiserv solution for asset/liability management, liquidity management and funds transfer pricing.

With approximately RMB 1.172 billion in assets, Ping An Bank required a bank-wide daily liquidity and interest-rate risk management solution that would also handle its regulatory reporting. In addition, the bank chose to replace its in-house funds transfer pricing solution, which lacked key functionality such as forward funds transfer pricing projection and analysis.

Ping Ans selection of Fiserv was based on the combination of strong product technology as well as deep subject matter expertise. As part of the implementation plan, Fiserv presented educational courses on asset/liability management, funds transfer pricing and risk adjusted return on capital (RAROC) to the banks Board of Directors, senior management, managers and users.

The Fiserv solution is used to manage integrated and advanced liquidity risk, interest-rate risk, market risk, credit risk and economic capital — essential components of effective corporate governance and enterprise risk management.

We chose Fiserv for its ALM, liquidity management and funds transfer pricing expertise – as well as its responsiveness and availability, said Mr. Li Xu Ping, Head of the ALM department, Ping An Bank. We were also very pleased with Fiservs strong implementation, integration and project management capabilities and resources.

The combination of our market leading technology and the educational collaboration with Ping Ans key executives enables Ping An to create a competitive earnings and corporate governance advantage in current Basel regulatory areas such as stress testing, liquidity risk management and safe capital optimization said John Filby, president, Risk & Compliance, Fiserv.

A core competency of the company, Fiserv offers a unique breadth of Risk and Compliance solutions to help clients optimize usage and return on capital by risk transparent and actionable within their organization. Solution areas include Financial Crime Risk Management, Financial Risk Management, Financial Performance Management and Financial Control Solutions. Fiserv is ranked 1 in North America and 4 overall in the annual Chartis RiskTech 100(TM).

About Ping An Bank

Ping An Bank is one of three key divisions of the Ping An Insurance [Group] Company of China,Nike soccer shoes Ltd. (Ping An). Founded in 1988, Ping An has grown from a property and casualty insurer to one of the largest providers of diversified financial services and products in China and one of the most widely recognized companies globally for its revenue, profitability and overall business performance. Listed in Fortune magazines Global Top 500, Ping An also has been named to the Forbes Global Listed Companies 2000 and in the Financial Times Global 500.

Its integrated structure enables Ping An to serve the insurance, banking and investment needs of more than 60 million retail customers. Ping An Bank is headquartered in Shenzhen, with branches in Shenzhen as well as Shanghai, Fuzhou, Quanzhou, Xiamen, Hangzhou, Guangzhou, Dongguan, Huizhou and Zhongshan.

About Fiserv

Fiserv, Inc. is the leading global provider of information management and electronic commerce systems for the financial services industry nike air max shoes, driving innovation that transforms experiences for financial institutions and their customers. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visit .

(FISV-G)

SOURCE: Fiserv, Inc.

Media Relations: Julie Nixon Senior Public Relations Manager Fiserv, Inc. 678-375-3744 julie.nixonfiserv- or Additional Contact: Wade Coleman Director, Global Communications Fiserv, Inc. 678-375-1210 wade.colemanfiserv-

Data says it all about economy: flat, flat, flat

So its official: In August there was no jobs growth, no sales growth and no price growth. No surprise…

Buying opportunity of a lifetime getting closer

The imminent collapse of the euro will present the buying opportunity of a lifetime to investors who are…

Bachmanns pharma largesse

The presidental candidate blasts Texas Gov. Rick Perrys ties to Merck, but records show that her campaign has raked in close to $-,000 in donations from Big Pharma.

Euro collapse a buy trigger

The imminent downll of the euro will present the buying opportunity of a lifetime to investors who are ready to swoop in.

Targets Missoni mayhem

Why did Missoni shoppers storm Target stores across the country and crash the companys web site?

• Target: Excitement unprecedented

Breaking-news alerts news when you can use it

Sign up for MarketWatch alerts and get an instantaneous heads-up when news occurs that affects your life and portfolio.

Intraday Data provided by SIX Telekurs and subject toterms of use. Historical and current end-of-day data provided by SIX Telekurs. Intraday data delayed per exchange requirements. Dow Jones Indexes (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information onNASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchangRisk Managementes. Dow Jones IndexesSM from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Telekurs and is at least 60-minutes delayed. All quotes are in local exchange time.

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The SocGen Saga: Risk Management isnt the Only Lesson

Today&8217;s New York Times has astory about the Societe Generale trader, Jerome Kerviel, who made huge, risky bets on derivatives that caused the bank to lose $7.2 billion. According to the Times, the prosecutor in the case,Nike soccer shoes Jean-Claude Marin,Nike Air force. said the trader told police he wanted to improve his reputation as a trader and earn bonuses. It functions a bit like a drug; its an addiction, said Mr. Marin. Theres a sort of spiral you cant get out of.

The whole saga is, of course, a painful lesson on the importance of risk management. But it&8217;s also a reminder of what effect the outsized bonuses and pay dangled in front of financial employees and executives&8212;not to mention the demanding performance cultures that go with them&8212;can have on people&8217;s motivations. Fellow bloggette Michelle Conlin haplored the downside of the workplace stress created in heavy performance-based cultures.

Sure, Jerome Kerviel&8217;s bets go r beyond what most average folks would do to get ahead or reap a hefty payday. But at what point does the lure of me and fortune cross the line?

The SocGen story is no different from the Enron story and the subprime story. Greedy businesses Nike soccer cleats, aided and abetted by their own management and by the very regulators who would eventually turn on them, stole people blind. Kerviel is not the only one who should pay. How could SocGen possibly NOT have known? The only way they should avoid prosecution and jail time is to do a Ken Lay.

How can you manage smarter? BloombergRisk Management Businessweek contributors synthesize insights from the brightest business thinkers, critique the latest management trends,nike air max shoes. and comment on leaders in the news.

RSS Feed: Management IQ

Chris Lang Joins Asset Risk Management LLC

HOUSTON, Sep 13, 2011 (BUSINESS WIRE) –Asset Risk Management, LLC (ARM) announced today that Christopher S. Lang has joined the company as senior vice president and will lead ARMs Chicago office. The company also has offices in Houston and Pittsburgh. Founded in 2004, ARM provides dynamic risk management services to oil and gas producers with a focus on the development and implementation of hedging strategies and natural gas marketing.

ARM is aggressively responding to the needs of our customer base by expanding our physical footprint and recruiting people with exceptional talent like Chris Lang, said ARM Chairman Gil Burciaga. Chris has unparalleled experience in energy and commodities. He brings a powerful combination to ARM and our clients: a deep, first-hand understanding of the challenges that oil and gas producers ce every day and a keen understanding of market fundamentals. Chris has a distinguished track record of success when it comes to developing and implementing risk management solutions that create value. We are very pleased to have Chris on our team.

Mr. Lang has more than 20 years of energy industry experience, the past 18 focused on providing energy risk management services to a broad array of energy market participants. Prior to joining Asset Risk Management, Mr. Lang served as a director at Barclays Capital, where he was responsible for energy derivative sales to North American oil and gas producers and managed coverage for Canadian clients. Prior to Barclays Capital, Mr. Lang was head of commodity sales at UBS AG. While at UBS AG,Nike soccer shoes he developed and led a client coverage team focused on creating and executing commodity risk management and structured commodity financing and investor solutions for a broad array of market participants. Mr. Lang began his career in energy banking at Bank One N.A. During his 14-year tenure at Bank One, he worked in a variety of energy-related roles, including managing director and team lead for interest rate and commodity derivative sales to large corporations and head of commodity sales. Mr. Lang earned a Bachelor of Science degree from MarqueRisk Managementtte University and a Master of Business Administration degree from the University of Notre Dame.

Mr. Lang said of his new position, I am very excited to be joining a team with such deep experience in the energy industry. ARM provides independent oil and gas producers the opportunity to significantly improve their hedging performance with a rigorous framework and methodology that is grounded in fundamental market analytics. I look forward to working with my new colleagues at ARM to offer this expertise across a broad geographic base.

About Asset Risk Management, LLC Headquartered in Houston with offices in Chicago and Pittsburgh, Asset Risk Management has been helping oil and gas producers make better hedging decisions since 2004. ARM takes a dynamic approach to risk management by implementing strategies that not only provide protection but also create value as the market provides opportunity. ARM represents more than 65 public and private companies and interacts with all major energy commodity counterparties. ARMs Gas Marketing division focuses on physical assets in the natural gas market. ARM is led by Chairman Gil Burciaga, who was a founding member of Natural Gas Clearinghouse (now DYNEGY,Nike Air force. NYSE: DYG), CEO Zach Lee and President Chris Croom. Each senior member of ARMs executive management team has more than 20 years of experience in the energy industry. This experience and deep knowledge of the market distinguishes ARM in the marketplace and enables the company to deliver ster service, dynamic market opportunities and reliable, cost-effective marketing services. For more information please visit .

SOURCE: Asset Risk Management nike air max shoes, LLC

TEN10 Group Casey Nikoloric 303-320-6242 direct 303-507-0510 mobile Casey.NikoloricTen10Group-

Data says it all about economy: flat Nike soccer cleats, flat, flat

So its official: In August there was no jobs growth, no sales growth and no price growth. No surprise…

Buying opportunity of a lifetime getting closer

The imminent collapse of the euro will present the buying opportunity of a lifetime to investors who are…

Bachmanns pharma largesse

The presidental candidate blasts Texas Gov. Rick Perrys ties to Merck, but records show that her campaign has raked in close to $-,000 in donations from Big Pharma.

Euro collapse a buy trigger

The imminent downll of the euro will present the buying opportunity of a lifetime to investors who are ready to swoop in.

Targets Missoni mayhem

Why did Missoni shoppers storm Target stores across the country and crash the companys web site?

• Target: Excitement unprecedented

Breaking-news alerts news when you can use it

Sign up for MarketWatch alerts and get an instantaneous heads-up when news occurs that affects your life and portfolio.

Intraday Data provided by SIX Telekurs and subject toterms of use. Historical and current end-of-day data provided by SIX Telekurs. Intraday data delayed per exchange requirements. Dow Jones Indexes (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information onNASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones IndexesSM from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Telekurs and is at least 60-minutes delayed. All quotes are in local exchange time.

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Google bumped up Motorola offer by $3 billion

Google upped its original offer to acquire Motorola Mobility by 33 percent, or about $3 billion, according to regulatory documents filed yesterday.

Last month, Google announced it hadsigned a deal to acquire Motorola Mobility for $12.5 billion.

According to a Motorola filing with the Securities and Exchange Commission, Google senior vice president of mobile, Andy Rubin, contacted Motorola Mobility Chief Sanjay Jha in early July to discuss possible responses to the recent $4.5 billion purchase by Microsoft, Apple, RIM, and others, ofNortel Networks patent portfolio.

Googles behind-the-scenes reaction to the patent auction seems to follow what the company has said publicly. Inannouncing the Motorola deal in mid-August, Google CEO Larry Page said the Nortel patent acquisition was further proof that companies,Nike Air force. Nike soccer shoes including Microsoft and Apple, are banding together in anti-competitive patent attacks onAndroid.

Motorolas SEC filing shows that Google wanted to do more than just complain. According to the filing, senior management at both companies, including Page, had conversations about the Nortel acquisition and patent litigation, as well as how both Google and Motorola could protect themselves. One of the strategic options, Motorola noted, was its acquisition by Google.

According to the filing, Motorola then started the process of accepting a bid from Google, including hiring financial advisers to assist management.

By August 1, Google made its first offer to Motorola–$30 per share–and requested the company respond by August 4. Motorola didnt make the deadline, according to the filing, but did respond to Google on August 5 with a proposal of $43.50 per share.

Google didnt take the bait Nike soccer cleats, though. The search giant called Jha on August 9, saying it would increase its price to $37 per share. But after Jha hinted that he would recommend the board reject the deal, Google called back two days later to increase its purchase price to $40 per share–a deal that Motorola Mobilitys board accepted soon thereafter.

Related stories:

&149;Apple, RIM in group buying Nortel patents for $4.5B

&149;Google to buy Motorola Mobility for $12.5B

&149;Five possible responses to the Google-Motorola merger

If the deal is not approved by regulators, Motorola can still walk away with serious cash. The filing reveals that Google would be required to pay Motorola Mobility a termination fee of $2.5 billion and that under certain circumstances if Google breached its obligation to use reasonable best efforts to oRisk Managementbtain necessary antitrust clearances, Motorola Mobility may be able to seek additional damages from Google in an amount equal to $1 billion, in addition to the reverse termination fee of $2.5 billion.

Finally, Motorola revealed why it didnt seek other offers. According to the company, the board believed that there was a risk of not getting such a preferable deal. Plus, the company had the right to break the deal with Google if it received a better, unsolicited offer.

Google did not immediately respond to CNETs request for comment.

If you have a question or comment for Don Reisinger,Nike mercurial vapor superfly you can submit it here. However, because our editors and writers receive hundreds of requests, we cannot tell you when you may receive a response.

Don Reisinger is a technology columnist who has written about everything from HDTVs to computers to Flowbee Haircut Systems. Don is a member of the CNET Blog Network, posting atThe Digital Home. He is not an employee of CNET.Disclosure.

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Dons work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

Don writes product reviews for InformationWeek and is a regular contributor to Processor Magazine. You can visit his personal site atDonReisinger- or if you would like to email Don with questions or comments, drop him a line atCNETDigitalHomegmail-. He is a member of the CNET Blog Network and is not an employee of CNET.Disclosure.

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New FIBA Conference: Enterprise Wide Risk Management Programs – How to Develop and Implement after the Global Banking Crisis

New FIBA Conference: Enterprise Wide Risk Management Programs – How to Develop and Implement after the Global Banking Crisis

The FIBA Risk Management Conference for the Americas Will Provide a Tailored Agenda Focused on the Development and Implementation of an Integrated Risk Organization and Comprehensive Governance Model to Manage Business and Regulatory Risks; the Event Will Be Held On October 24th and 25th in Miami, Florida

MIAMI, Sep 14, 2011 (BUSINESS WIRE) –The global banking crisis that nearly collapsed the banking industry in 2008, has changed the way financial institutions predict and analyze potential problems. Today, risk management has to be well-defined, integrating the reporting and management of exposures across all business units in the organization; it must encompass a comprehensive governance model incorporating capital, balance sheet and funding considerations to manage key business and regulatory risks.

Dietmar Serbee,Nike mercurial vapor superfly a keynote speaker and principal at PwC US, affirms that risk management is not the same after the global banking crisis. This business function and its support processes are now different and must be revised at many financial institutions with the challenge being to translate this organizational goal into specific actions to meet the new emerging standards.

The question now is: are financial institutions ready for this new method of managing risk?

The answer is absolutely not air max shoes, adds Paul Koch, CEO of Altasol Risk Management Solutions and chairman of the FIBA Risk Management Conference for the Americas Nike Air force, organized by the Florida International Bankers Association and endorsed by FELABAN (Federation of Latin American Banks).

Panelists include Alvaro Martinez-Fonts, CEO Private Banking Florida of JP Morgan; Sergio Alvarez-Mena, executive director private banking Morgan Stanley; Mario Espinosa, managing director and co-head of Latin American Debt Markets at Citibank; Cynthia Goodwin, vice president supervision and regulation at Federal Reserve Bank of Atlanta; Lourdes Gonzalez Nike soccer shoes, assistant chief counsel of the U.S. Securities and Exchange Commission; and Giorgio Trettenero Castro, Secretary General of FELABAN (Federation of Latin American Banks).

Among key topics to be discussed at the Conference, are: The New International Standards and the Challenges of Global Regulatory Harmonization; Implementing Enterprise Risk Management; Industry Scorecard and Emerging Best Practices in the Americas, and Defining and Managing the Level of Risk and Reward Acceptable for a Successful Business Strategy in Rapidly Changing Markets.

SOURCE: Florida International Bankers Association

Americas Communications: Daniela Martucci, 786Risk Management-218-1846 dmartucciamericascomm- or Julio Gama, 786-454-9866 jgamaamericascomm-

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