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	<title>Sonia Jaspal&#039;s RiskBoard</title>
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	<description>Thoughts on business ethics, corporate governance, risk management and compliance</description>
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		<title>Sonia Jaspal&#039;s RiskBoard</title>
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		<item>
		<title>Shattering Perceptions About Audit Committees</title>
		<link>http://soniajaspal.wordpress.com/2012/01/24/shattering-perceptions-about-audit-committees/</link>
		<comments>http://soniajaspal.wordpress.com/2012/01/24/shattering-perceptions-about-audit-committees/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 14:57:05 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Audit]]></category>
		<category><![CDATA[Corporate Governance]]></category>
		<category><![CDATA[GRC Dept. Functioning]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[Accounts]]></category>
		<category><![CDATA[Audit Committee]]></category>
		<category><![CDATA[Auditor]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Board]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[Code of Conduct]]></category>
		<category><![CDATA[Controls]]></category>
		<category><![CDATA[Destructive Management]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Whistleblowing]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=3127</guid>
		<description><![CDATA[Imagine driving a car with a speedometer in the rear. When you crash, a voice from the back of the car gives the depressing message – “You crashed because you broke the speed limit of 60 miles an hour”. Now this question will get most of the auditors and risk managers upset, but I shall [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=3127&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>6</slash:comments>
	
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		<item>
		<title>Strategy to Execution &#8211; A Risky Path</title>
		<link>http://soniajaspal.wordpress.com/2012/01/22/strategy-to-execution-a-risky-path/</link>
		<comments>http://soniajaspal.wordpress.com/2012/01/22/strategy-to-execution-a-risky-path/#comments</comments>
		<pubDate>Sun, 22 Jan 2012 05:56:55 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Financial Risks]]></category>
		<category><![CDATA[Human Resource Risks]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Organization Culture]]></category>
		<category><![CDATA[Process Re-engineering]]></category>
		<category><![CDATA[Process Risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[Strategic Risk Management]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[Communication]]></category>
		<category><![CDATA[Corporate Behavior]]></category>
		<category><![CDATA[Culture]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Listening]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Psychology]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Risk Analysis]]></category>
		<category><![CDATA[SRM]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=3091</guid>
		<description><![CDATA[Some companies fail and some succeed spectacularly in the same market conditions. The question for successful companies is &#8211; what did they do differently? On the other hand, failure is attributed to either poor strategy or pathetic operations.  A popular notion among managers is that if company is not achieving targets, then review the strategy, something [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=3091&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://soniajaspal.wordpress.com/2012/01/22/strategy-to-execution-a-risky-path/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Achieving Excellence by Becoming a Learning Organization</title>
		<link>http://soniajaspal.wordpress.com/2012/01/19/achieving-excellence-by-becoming-a-learning-organization/</link>
		<comments>http://soniajaspal.wordpress.com/2012/01/19/achieving-excellence-by-becoming-a-learning-organization/#comments</comments>
		<pubDate>Thu, 19 Jan 2012 06:04:44 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Management]]></category>
		<category><![CDATA[Organization Culture]]></category>
		<category><![CDATA[Communication]]></category>
		<category><![CDATA[Corporate Behavior]]></category>
		<category><![CDATA[Culture]]></category>
		<category><![CDATA[Destructive Management]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Management Lessons]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=3078</guid>
		<description><![CDATA[When we wake up in the morning to read a business newspaper, the headline that grabs our attention is that a high-profile company has gone bankrupt. Companies with reputation of infallibility, just sink like titanic. Flawless legacies tarnish overnight. Being in fortune 500 list does not guarantee continuity in the next decade. Against this backdrop, the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=3078&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://soniajaspal.wordpress.com/2012/01/19/achieving-excellence-by-becoming-a-learning-organization/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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		<item>
		<title>Comments on Basel Committee&#8217;s consultative paper &#8211; The Internal Audit Function in Banks</title>
		<link>http://soniajaspal.wordpress.com/2012/01/10/comments-on-basel-committees-consultative-paper-the-internal-audit-function-in-banks/</link>
		<comments>http://soniajaspal.wordpress.com/2012/01/10/comments-on-basel-committees-consultative-paper-the-internal-audit-function-in-banks/#comments</comments>
		<pubDate>Tue, 10 Jan 2012 05:33:10 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Audit]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[GRC Dept. Functioning]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[Audit Committee]]></category>
		<category><![CDATA[Auditor]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Board]]></category>
		<category><![CDATA[Code of Conduct]]></category>
		<category><![CDATA[Controls]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Risk]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=2920</guid>
		<description><![CDATA[The Basel Committee on Banking Supervision issued a consultative paper on the internal audit functions in banks comprising of 20 principles. This is a revision of the 2001 document and aims to promote a strong internal audit function and supervisory guidance of the function in banks. This is definitely a step in the right direction, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=2920&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">soniajaspal</media:title>
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		<item>
		<title>Comments on COSO revised Internal Control &#8211; Integrated Framework</title>
		<link>http://soniajaspal.wordpress.com/2012/01/05/comments-on-coso-revised-framework-internal-control-integrated-framework/</link>
		<comments>http://soniajaspal.wordpress.com/2012/01/05/comments-on-coso-revised-framework-internal-control-integrated-framework/#comments</comments>
		<pubDate>Thu, 05 Jan 2012 11:54:29 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Corporate Governance]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[GRC Dept. Functioning]]></category>
		<category><![CDATA[Enterprise Risk Management]]></category>
		<category><![CDATA[Audit]]></category>
		<category><![CDATA[Risk Analysis]]></category>
		<category><![CDATA[Process Improvement]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Controls]]></category>
		<category><![CDATA[Auditor]]></category>
		<category><![CDATA[Audit Committee]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Accounts]]></category>
		<category><![CDATA[SRM]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=2827</guid>
		<description><![CDATA[COSO released the draft exposure of &#8220;Internal Controls &#8211; Integrated Framework&#8221; in December 2011 for public comments. The new framework still focuses on the five components of control described in the previous 1992 framework. The major change in the new framework is the explicit description of 17 principles. These describe the fundamental concepts related to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=2827&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://soniajaspal.wordpress.com/2012/01/05/comments-on-coso-revised-framework-internal-control-integrated-framework/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">soniajaspal</media:title>
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		<item>
		<title>1 Jan 2012 &#8211; A New Begining</title>
		<link>http://soniajaspal.wordpress.com/2012/01/01/1-jan-2012-a-new-begining/</link>
		<comments>http://soniajaspal.wordpress.com/2012/01/01/1-jan-2012-a-new-begining/#comments</comments>
		<pubDate>Sun, 01 Jan 2012 02:36:36 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Fun-speak]]></category>
		<category><![CDATA[Communication]]></category>
		<category><![CDATA[LOL]]></category>
		<category><![CDATA[Management Lessons]]></category>
		<category><![CDATA[Personal values]]></category>
		<category><![CDATA[Psychology]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=2726</guid>
		<description><![CDATA[I am feeling on top of the world. This blog in its first full year got 51,556 page views. More than doubled from last year (11,299 page views in six months). I have nearly twisted my arm from patting myself on the back for being such an incredibly brilliant writer. With great difficulty I have managed to reign in [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=2726&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://soniajaspal.wordpress.com/2012/01/01/1-jan-2012-a-new-begining/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
	
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			<media:title type="html">soniajaspal</media:title>
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		<item>
		<title>Corporate Social Responsibility The Dalai Lama Way</title>
		<link>http://soniajaspal.wordpress.com/2011/12/26/corporate-social-responsibility-the-dalai-lama-way/</link>
		<comments>http://soniajaspal.wordpress.com/2011/12/26/corporate-social-responsibility-the-dalai-lama-way/#comments</comments>
		<pubDate>Mon, 26 Dec 2011 04:15:54 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Corporate Social Responsibility]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Organization Culture]]></category>
		<category><![CDATA[Personal Ethics]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Code of Conduct]]></category>
		<category><![CDATA[Corporate Behavior]]></category>
		<category><![CDATA[CSR]]></category>
		<category><![CDATA[Culture]]></category>
		<category><![CDATA[Destructive Management]]></category>
		<category><![CDATA[Integrity]]></category>
		<category><![CDATA[Management Lessons]]></category>
		<category><![CDATA[Personal values]]></category>
		<category><![CDATA[Psychology]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=2775</guid>
		<description><![CDATA[The new Companies Bill 2011, section 135 on Corporate Social Responsibility (CSR), has raised a lot of debate about the merits of holding companies responsible for social responsibility. Some have stoically  refuted that companies are any way liable for social responsibility as their objective is to earn profits. According to this view, earning profits and social [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=2775&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://soniajaspal.wordpress.com/2011/12/26/corporate-social-responsibility-the-dalai-lama-way/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">soniajaspal</media:title>
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			<media:title type="html">The Dalai Lama</media:title>
		</media:content>

		<media:content url="http://soniajaspal.files.wordpress.com/2011/12/bodhisattva.jpg?w=150" medium="image">
			<media:title type="html">Bodhisattva</media:title>
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	</item>
		<item>
		<title>India Country Risks in 2012</title>
		<link>http://soniajaspal.wordpress.com/2011/12/20/india-country-risks-in-2012/</link>
		<comments>http://soniajaspal.wordpress.com/2011/12/20/india-country-risks-in-2012/#comments</comments>
		<pubDate>Mon, 19 Dec 2011 19:37:48 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Financial Risks]]></category>
		<category><![CDATA[Government & Corruption]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Strategic Risk Management]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Bribes]]></category>
		<category><![CDATA[CAG]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Corruption]]></category>
		<category><![CDATA[Financial Crime]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[MCA]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[RBI]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Risk Analysis]]></category>
		<category><![CDATA[Scam]]></category>
		<category><![CDATA[SEBI]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Whistleblowing]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=2743</guid>
		<description><![CDATA[Indian organizations are in for a rocky ride in 2012 as darkening clouds hang over India growth story. In some ways it is a make or break year for India&#8217;s continuing successful journey for economic growth and power. The world is watching and India cannot afford to flounder. However, the risks in the economic environment [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=2743&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://soniajaspal.wordpress.com/2011/12/20/india-country-risks-in-2012/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">soniajaspal</media:title>
		</media:content>

		<media:content url="http://soniajaspal.files.wordpress.com/2011/12/india_map.jpg?w=150" medium="image">
			<media:title type="html">india_map</media:title>
		</media:content>
	</item>
		<item>
		<title>Risks in Budgeting and Forecasting Process</title>
		<link>http://soniajaspal.wordpress.com/2011/12/13/risks-in-budgeting-and-forecasting-process/</link>
		<comments>http://soniajaspal.wordpress.com/2011/12/13/risks-in-budgeting-and-forecasting-process/#comments</comments>
		<pubDate>Tue, 13 Dec 2011 12:50:15 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Methodologies & Procedures]]></category>
		<category><![CDATA[Process Re-engineering]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Financial Risks]]></category>
		<category><![CDATA[Risk Analysis]]></category>
		<category><![CDATA[Process Improvement]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Accounts]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[SRM]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Budgets]]></category>

		<guid isPermaLink="false">http://soniajaspal.wordpress.com/?p=2701</guid>
		<description><![CDATA[When I go shopping more often than not I blow my budget. You see, in the shopping mall my requirements far exceed the forecast. My three finance qualifications come to naught in this simple expenditure planning. So I understand why budgets of organizations go wrong. But the risks associated with an organization&#8217;s inaccurate budgeting and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=2701&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://soniajaspal.wordpress.com/2011/12/13/risks-in-budgeting-and-forecasting-process/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">soniajaspal</media:title>
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		<media:content url="http://soniajaspal.files.wordpress.com/2011/12/chart-figure-1-leading-pressures_-sap_ixn_shared-research_no2_financial-planning-budgeting-and-forecasting-in-the-new-economy_aberdeen-mar-2011-3.jpg" medium="image">
			<media:title type="html">Chart Figure 1 Leading Pressures_ SAP_IXN_Shared Research_No2_Financial, Planning, Budgeting and Forecasting in the New Economy_Aberdeen, Mar 2011 (3)</media:title>
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		<item>
		<title>Derailment of Leaders- Profiling Steve Jobs</title>
		<link>http://soniajaspal.wordpress.com/2011/12/06/derailment-of-leaders-profiling-steve-jobs/</link>
		<comments>http://soniajaspal.wordpress.com/2011/12/06/derailment-of-leaders-profiling-steve-jobs/#comments</comments>
		<pubDate>Tue, 06 Dec 2011 14:27:51 +0000</pubDate>
		<dc:creator>Sonia Jaspal</dc:creator>
				<category><![CDATA[Good Reads]]></category>
		<category><![CDATA[Corporate Governance]]></category>
		<category><![CDATA[Organization Culture]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Business Ethics]]></category>
		<category><![CDATA[Human Resource Risks]]></category>
		<category><![CDATA[Management Lessons]]></category>
		<category><![CDATA[Corporate Behavior]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[Personal values]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Integrity]]></category>
		<category><![CDATA[Culture]]></category>
		<category><![CDATA[Destructive Management]]></category>
		<category><![CDATA[Psychology]]></category>
		<category><![CDATA[Board]]></category>
		<category><![CDATA[CEO]]></category>

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		<description><![CDATA[The corporate world citizens operate on two myths – “We all are great leaders” and “We all have bad bosses”. We cling to these two fallacies with our dear life, most probably because if we let it go, corporate life may become unbearable. These two paradoxical statements make us feel better about ourselves as the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=soniajaspal.wordpress.com&amp;blog=12711792&amp;post=2691&amp;subd=soniajaspal&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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