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In This Issue…
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CBIZ
BIZ Tips
Videos
Management &. ......................... 2
Performance
3 Questions Every Board Should
Ask about Enterprise Risks
Tax & Accounting ...................... 4
Using Fulfillment by Amazon:
State & Local Tax Issues at Stake
Employee Benefits .................... 5
3 Traits to Look for in a Health
Insurance Advisor
Human Resources ..................... 6
Your Summer HR Strategy:
Keeping Momentum
Insurance Strategies................. 7
Protecting Your Wealth: 3 Key
Questions You Need to Ask
CBIZ in the News
For complete articles, visit
cbiz.com/news/in-the-news.
USA Today
Tax refund late? The IRS may
owe you interest
May 22, 2016
Forbes
4 ways to improve communicating
with employees about benefits
April 28, 2016
Business News Daily
DIY IT: What your small business
needs to know
March 11, 2016
2
| BIZGROWTH STRATEGIES – SUMMER 2016
CBIZ, INC.
Management & Performance
BY
MICHAEL GALLAGHER
I
t is crucial that Boards of Directors are well-versed on the risks
confronting their companies, but changing risk landscapes create
challenges. Failure to understand high-risk areas and risk-mitigation
procedures can decrease the effectiveness of the Board’s oversight of
management and its ability to constructively challenge proposed changes
in the best interest of the company. Asking the following three questions
can help educate Board members on existing risks and procedures to make
sure the entire committee is on the same page.
1. How is our organization identifying risks across the enterprise?
Boards need to understand risks across their entire organization and
be aware of how they can affect operations and profitability. A Board can’t
evaluate these risks, however, if the organization hasn’t identified what they
are. Pinpointing risk factors early allows time to plan mitigation strategies,
which could save your business from potential disruptions in the future.
3
Every Board
Should Ask about
Enterpise Risks
Questions