2 May 2024By Claudio Bassi, Markus Behn, Michael Grill, Massimo Libertucci, Pär Torstensson and Peter WelzSome banks reduce balance sheet items around reporting dates. Such “window dressing” camouflages the true risks of a bank, impairs markets as well as bank resilience and supervision. The ECB Blog looks at how regulators…
Finding and keeping great employees can be tough for companies all over. With changes in employee expectations, advancements in technology, and shifts in the job market, it’s a real challenge. In 2019, a whopping 42 million U.S. workers alone said “so long” to their jobs voluntarily. Yep, you read that…
Aggressive Israeli policy, the desecration of Islamic holy sites in Palestine by Israeli fanatics, and the unlimited support provided by successive US administrations give individuals, organisations, and even states in the region a justification to engage in activities that threaten its security and peace, writes Saleh Muhammad Al-Khathlan, Professor of…
Disasters can act as brutal audits of organisations to which even veritable institutions like Boeing are no exception. In the wake of two fatal crashes as well as a mid-flight door blowout, Boeing has shaken up its C-suite and pledged to prioritise safety over profit. Will these measures solve its…
A new artificial intelligence model helps physicians and nurses work together at Stanford Hospital to boost patient care. - By Hanae Armitage An artificial intelligence model in use at Stanford Hospital helps physicians and nurses know when a patient may be in decline, so they can act quickly to keep…
Research Feature What do CEOs who led through a serious cyberattack regret? Use this guide to learn from their experiences and take smarter actions before, during, and after an attack. Manuel Hepfer, Rashmy Chatterjee, and Michael Smets May 01, 2024 Reading Time: 13 min Michael Glenwood Gibbs/theispot.com On May 7,…
Quick Hits Restrictions on contact have been modified to eliminate mutual no-contact orders as the default. Supportive measure decisions are appealable. Procedures for emergency removal of a student respondent and placement of an employee respondent on administrative leave have been clarified. The final regulations take effect on August 1, 2024.…
Kate Hawkins: Hi, it is Kate Hawkins, a principal associate in the advertising law team at Gowling WLG. One topic that I discussed in the recent AD LAW seminar was online choice architecture and the regulation of pressured selling techniques in an online environment such as countdown timers and "…
This commentary originally appeared in Chief Executive. From the 1960s through the 1970s, AT&T advertised its long-distance service as “the next best thing to being there,” suggesting phone calls were a good substitute for seeing family members in person—but that might not work for the boss. Virtual meetings that save…
Confidence, or rather a lack thereof, is reflected throughout the economy: in retail sales (up 5.5% year on year in February, falling short of the consensus), private investment, imports (down 8.2% in February) and, above all, real estate indicators. Real estate is the main focus of concern: far from improving,…
Data classification and grading is an obligation that each data handler must comply with under the Chinese data protection laws. Data handlers have been waiting for clear requirements and standards on how to carry out the relevant work. The newly published national standard GB/T 43697-2024 Data Security Technology – Rules…
Topics Artificial Intelligence and Business Strategy The Artificial Intelligence and Business Strategy initiative explores the growing use of artificial intelligence in the business landscape. The exploration looks specifically at how AI is affecting the development and execution of strategy in organizations. In collaboration with More in this series Get updates…
Seyfarth Synopsis: In Mobley v. Workday, the EEOC filed an amicus brief supporting a class-action plaintiff's theory that a Human Resources software company could be directly liable for employment discrimination allegedly caused by the vendor's artificial intelligence tool under theories that the organization was acting as an employment agency, indirect…
Quick Hits The EEOC issued a final version of new guidance for employers clarifying its positions on the applications of federal laws prohibiting harassment and retaliation. The new guidance is the first update to the EEOC’s workplace harassment guidance since 1999 and incorporates several new developments in the law and…
Each May in the United States, we observe Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month, taking the time to reflect on the experiences and contributions of the AANHPI community. Schools nationwide greet the faces of AANHPI students every day, embodying the rich diversity and cultural tapestry of…
In the 1990s, when Harvard Business School Professor Lynn S. Paine was researching and writing about examples of corporate misconduct, she hoped more businesses would take decisive action to root out fraud and other unethical behavior.Many companies have since formed ethics and compliance programs designed to boost responsibility, yet corporate…
An unrestricted, no-strings attached approach to philanthropic giving is growing in popularity in Asia - and Hong Kong is at the forefront, says Dorothy Chan. ESG in banking
Ready, Set… Go Circular!In the ever-evolving landscape of commerce, businesses are increasingly pivoting towards sustainable practices. Among the myriad of strategies, subscription-based models (SBMs) have emerged as a beacon of sustainable innovation. These models enable organisations to participate in the Circular Economy, where products are purposely designed to be better…
Quick Hits DHS announced relaxed employment authorization standards for Ethiopian and Palestinian F-1 students who are eligible for work authorization. During the school year, work-authorized Ethiopian and Palestinian F-1 students may increase the number of hours worked and reduce their school course load. Students who utilize this benefit will still…
By working together, the BRICS+ nations have shown that multipolarity can work, notwithstanding differences amongst them. This has been achieved while those adhering and aligning with unipolar efforts at enforcing homogeneity flounder amid the realities of an international political economy in flux. The global CoVID-19 pandemic and vaccine apartheid showed…
Topics Innovation Disruption Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series subscribe-icon Subscribe Share Paolo Beghini/Ikon Images On his office door, Clayton Christensen — who at one point I called my teacher, mentor, boss, colleague, coauthor, and, most…
Quick Hits The Massachusetts Supreme Judicial Court upheld a lower court’s ruling that a retailer’s commission-based compensation plan violated the Massachusetts Wage Act by paying commission-based sales employees their overtime and Sunday premium pay out of their earned commissions. The retailer used a compensation plan that functioned like an advance…
Over the last year, we’ve seen how Microsoft Copilot is transforming how people interact with the web. It’s influencing behavioral shifts that are reshaping how businesses of all sizes connect with their audiences. People are making purchase decisions faster, reducing the journey from nearly 30 days to just over 20…
(Illustration created using image generated by Midjourney, an artificial intelligence tool.)Last month, I posted a column in HBS Working Knowledge titled, “What’s Enough to Make Us Happy?” Over the last few months, I’ve been asking myself the same question: “What’s enough?” My answer, as it turns out: Twenty-four years and…
Global minimum tax, unresolved relations with the EU, shortage of qualified personnel, the banking crisis: the risks for Switzerland as a business location seem countless. For years, there have been warnings of a deterioration of framework conditions – even Avenir Suisse occasionally joined in. But what is the real state…
Following the threat of significantly larger penalties since 2018 (the enhanced fines under the General Data Protection Regulation as compared to the legislation that went before), companies have asked us time and time again, “what is my financial risk for data protection non-compliance in the UK?” The publication of the…
New research by INSEAD faculty explores the potential downsides of anti-corruption efforts and the various ways incumbent firms successfully defend themselves against new technologies that could displace them. Another paper examines how job candidates self-censor when negotiating pay at firms that frame the work in terms of its social impact. Other…
Our firm receives dozens of calls from small public companies that have been misled by rogue advisors claiming they do restructurings, debt remediation and turnarounds. We won’t name who the advisors are here, but these names may find their way into lawsuits filed in federal courts soon. Many small public…
The hospitality, gaming, and leisure industries encompass diverse businesses such as hotels, resorts, casinos, theme parks, and entertainment venues. Companies in hospitality, gaming, and leisure face various challenges, including fluctuating consumer demand, competitive pressures, regulatory requirements, and operational complexities. Navigating these challenges requires strategic planning, innovation, and operational excellence. Management…
On April 23, 2024, the FTC announced its Final Non-Compete Clause Rule (“Final Rule”), which bans post-employment non-compete clauses between employers and their workers. The Final Rule becomes effective 120 days after being published in the Federal Register (Effective Date).[1] As of the date of this paper, the Final Rule…
The swift rise of generative AI is reshaping how schools approach creation, problem-solving, learning, and communication. Your schools are in a pivotal moment when critical thinking and metacognitive skills are more important than ever as new technology develops.As we continue to learn, Microsoft believes it is important to share our…
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Dr. Hon Pak, SVP and Head of Digital Health Team, MX Business at Samsung Electronics sat down with Samsung Health Advisory Board members in early spring 2024 at the Samsung Medical Center in Seoul to discuss the future of health and how wearables powered by AI will play a big…
On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) released further guidance regarding to Corporate Transparency Act compliance (CTA) by updating and expanding the Beneficial Ownership Information Reporting Frequently Asked Questions regarding the Beneficial Ownership Information (BOI) Reporting Rule (FAQs). Importantly, the updates provide insight on BO access by…
MOLLY WOOD: Today I’m talking to Julie Sweet, chair and CEO of Accenture, a global professional services company that helps businesses, governments, and other organizations build their digital core, optimize their operations, accelerate revenue growth, enhance citizen services, and much, much more. Julie joined Accenture as general counsel after a…
The next European elections will see the struggle for power increase, and the way in which European government is conceived will change. It is realistic to foresee a transition phase, in which the certainties of the past and the new visions being established will coexist, Dario Velo writes. The EU…
On May 14–15, 2024, the Valdai Club will hold its fourth annual Central Asian conference, titled “Russia and Central Asia: Development and Security in a Changing World” This time, the conference will be held in Ufa (Sheraton Plaza Hotel, Tsyurupa St., 7).Experts from Russia, India, Kazakhstan, China, Kyrgyzstan, Tajikistan and…
The USPTO’s recent guidance on AI usage marks a critical moment for legal practitioners. This document emphasizes the necessity for both technical and human oversight in mitigating the risks associated with AI tools. The agency is committed to leveraging AI’s benefits across society while ensuring that these technologies do not…
Since our customers first started using Microsoft Copilot, we’ve been closely studying how people use it at work and what their behaviors can teach us about adopting and rolling out AI broadly—and we want to share what we’re learning with leaders who are looking to drive AI adoption with their…
Leaders intent on boosting team performance could learn from the old-school, military-style approach of Deion Sanders, a former star athlete and now the unorthodox coach behind the revival of two college football teams.“When I’m teaching executives, most of them say they want to hold their subordinates accountable, but they have…
Another way for projects to avoid legal uncertainty in the U.S. is to eliminate the possibility of the public investing in their tokens. To accomplish this, projects can issue transfer-restricted tokens (TRTs) or use off-chain “points” instead of tokens. TRTs use the ERC-20 standard to limit who can hold a…