The Catholic University of America

CUA Law Alumna, Tara Giunta '86,  Profiled in Forbes Magazine

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CUA Law alumna, Tara Giunta '86, was recently profiled in an article entitled "Global Risk, Wrapped In Complexity For Many Companies," in Forbes Magazine.

Magazine interview
By Christopher P. Skroupa

Giunta is a partner in the Washington, DC, office of Paul Hastings LLP, is a Vice Chair of the Investigations and White Collar Defense Practice and Chair of the firm’s Women’s Initiative. She advises clients and their officers and directors in high risk, regulated industries, on global compliance focusing on anti-corruption, data privacy and national security. Ms. Giunta performs risk assessments for global enterprises, develops comprehensive compliance programs, conducts internal investigations, and represents clients before U.S. enforcement agencies. She was recognized by Global Investigations Review (GIR) in its Women in Investigations list, which recognized 100 women across the globe who are “achieving great things in a competitive and notoriously tough area of law.” She is also Editor of the Breaking the Glass Ceiling: Women in the Boardroom report.

Q: Christopher P. Skroupa: How have we seen enterprise-wide risk evolve over the last ten years? (i.e. the evolution of cyber/data threats).

A: Tara Giunta: Enterprise risk used to be viewed conventionally as those risks that were essentially well-established for a company operating in a particular industry. The approach to corporate governance, as a result, was relatively parochial with the boards overseeing “governance” at a very high level, while management made sure that there were basic functions overseeing well-known risk areas. For instance, a consumer products company might have focused its attention on labor laws in countries where they manufacture their products. Today, the breadth, depth and pace of evolving risks requires that organizations take a broader perspective, challenge conventional assumptions, anticipate new risk areas and stay light on their feet to pivot when the next risk area or threat hits. That same consumer products company needs to also focus on how their various facilities and operations are licensed globally (for example, Walmart) and the impact a cyber attack could have on their business (for example, Target). The objective must be to move from a passive risk-awareness mode to a proactive risk-intelligent organization.

The single largest threat that companies across industries identify are those that impact reputation which in turn is affected by a number of risk areas, including bribery and corruption and an inadequate data privacy function. With the increasing focus on accountability at all levels of an organization, including the board, assuring that the board is fulfilling its fiduciary duties requires a board with the appropriate skill sets, experience and time commitment to challenge management on whether there are adequate risk detection and management processes.

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