ABSTRACT
How does an organization go about addressing its corporate defense obligations? All organizations are faced with the possibility of potential hazards, and these can arise for numerous reasons. Examples of potential hazards include litigation, fraud, regulatory breaches, crime, espionage, and natural disasters, to name but a few. These hazards represent not only short-term financial risk to the organization, but also a potential knock-on reputational impact, not to mention the human implications and costs. Ultimately, all hazards can have a financial implication, be it in the form of additional costs, reduced profits, or impact on share prices, and so on. These hazards can typically be the result of deficiencies in an organization’s corporate defense program, whereby these deficiencies were either intentionally or unintentionally exploited.
