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15 July 2012 · Article

The Three C's: Commercial, Contracts & Change

Last week, General Motors announced its intention to insource 90% of its outsourcing - impacting some 80,000 jobs and around $3bn in annual spend. It highlights that there will now be two years of work to unwind from a complex web of current contracts.\r
Yesterday, the head of compliance at HSBC publicly resigned, following a similar resignation the previous week by the CEO of Barclays. With the industry in disarray, the management of reputation risk has become core to survival.\r
Tim Cummins, CEO, IACCM

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