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The Responsible Technology Firm of the Future
Key considerations for technology industry board members and executives interested in the responsible technology firm of the future vision
Protiviti - United States
Future Responsible Technology Firms
Access our four-part series discussing corporate governance, social responsibility and risk & compliance.
A Rapidly Changing and Unpredictable Landscape
The technology industry landscape is rapidly changing in response to emerging risks, evolving stakeholder expectations and increased scrutiny from governmental agencies all over the globe. The future success of not only established technology players, but also emerging and mid-market organizations will require innovative products and services, as well as a deep understanding and effective management of emerging risks and heightened expectations of myriad stakeholders in both the public and private sectors.
Corporate Governance and Regulatory Compliance
In the initial segment of this four-part series, we discussed how the changing landscape of the technology industry requires tech companies to take action to restore and sustain trust in what clearly constitutes a challenging operating environment. In this second installment of the series, we begin exploring some ideas to help tech executives and directors pursue this opportunity with a focus on corporate governance and regulatory compliance.
Market Forces
This third segment continues the discussion with a focus on market forces and an emphasis on three ideas: (1) Maximize the company’s innovation potential within the confines of social responsibility; (2) Pay attention to emerging risks; (3) Better position risk management and compliance within the organization and adopt a compliance framework.
Corporate Social Responsibility
This segment focuses on corporate social responsibility and emphasizes the following suggestions: Increase diversity and measure the improvement; Monitor evolving stakeholder expectations, particularly around social responsibility; Help those displaced by technology through training to improve people’s lives; and Manage brand image and reputation.
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Working at Protiviti
Learn about how at Protiviti, we come together to share diverse ideas and experiences, grow professionally and personally, and collaborate to create a better future for our people, our clients and the communities in which we live and work.
How We Help Our Clients Succeed
Fortune 500 company drives RPA innovation with a strong ROI-based strategy
Among the new technologies that promise to drive cost savings and improve business efficiency and effectiveness, robotic process automation (RPA) has captured the attention of organizations. Protiviti assembled an RPA assessment team that included both technical resources and members of the audit and SOX compliance teams, allowing it to drive the right synergies and efficiencies during the assessment.
Atlassian, a DevOps leader, partners with Protiviti to deliver cutting-edge IT controls across its environment
Atlassian partnered with Protiviti to design and evaluate controls across the company’s products and internal systems. Key success factors in Atlassian’s journey were their commitment to quality control without compromising agility and their openness to collaboration and change. That, combined with Protiviti’s IT risk, compliance and controls experience, and a mutual commitment to designing best-in-class controls for a DevOps world, delivered a resounding success.
U.S. retailer launches global supply chain capability in record time
Even under normal conditions, creating a global supply chain capability from scratch is a complex and grueling endeavor. When a large U.S. retailer made a strategic decision to develop this ability — which included securing new overseas suppliers for tens of thousands of products, satisfying all customs requirements and creating a nationwide distribution capability — in less than six months, the clock began to tick on a monumental challenge.
For help with this undertaking, the company partnered with Protiviti. Factors in this selection included Protiviti’s demonstrated past success with similar engagements, domain expertise, and reputation for a hands-on approach to problem-solving and working collaboratively with client teams to make change happen. While others estimated a timeline of at least 18 months, and probably closer to two years, Protiviti offered a different take: It can be done.
A roll-up-your-sleeves attitude and Protiviti expertise help a Fortune 500 consumer products company remedy its complex payroll structure
During a busy stretch of strong growth driven largely by acquisitions, the chief financial officer (CFO) of a Fortune 500 consumer products company paused to take a look at back-office processes — specifically in the payroll department. Impressed by Protiviti’s track record with financial performance improvement initiatives, the finance chief enlisted a Protiviti team to conduct an in-depth assessment of the human resources and compensation department.
Utility company withstands regulatory scrutiny of capital project costs with expert help from Protiviti
Companies performing the construction can be on the hook for hundreds of millions of dollars if a commission deems their project expenditures imprudent. To address this risk, one electricity transmission company sought expert help from Protiviti to prepare for a looming regulatory proceeding. The ensuing collaboration with Protiviti ultimately helped the company limit “disallowed” costs to a fraction of the more than C$50 million in possible disallowances.