More than 58 million Americans use social networking sites several times per day. Social media has created a new sense of reality—a reality that its benefits have outweighed the risks. Liability risks involved with the use of social media include defamation, invasion of privacy and negligence. This session provides awareness into the risks as well as the solutions to minimize the evolving dangers of social media.
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This session is a review of the latest trends in cybercrime and why it’s growing exponentially. There is big money in hacking secure financial information, no matter the size of the business and for these criminals, the opportunities are limitless.In this session, practical steps were provided that will help secure and monitor business networks, in addition to lesser-known steps that can be taken now to protect individuals and their businesses against these endless threats.
Track 6 - DEVELOPING PROFESSIONALS - Implementing an Agile Vertical Leadership Framework
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Our world is becoming more complex and interdependent. Business cycles, planning horizons, and even generations are all getting shorter in a world where everything affects everything. To be a leader today requires the agility to develop how you think, not just increasing what you know. This concept is known as vertical leadership, the number one trend in leadership development today. This track provides the necessary tools to become more agile leaders and the practices needed to develop these key agilities in their lives.
With the aging of the Boomer generation comes the challenge of eldercare and its ultimate impact on families and designated caregivers. Often those caregivers are a part of the Sandwich Generation—a generation of people, typically in their 30s to 50s, responsible for both bringing up their own children and caring for their aging parents. Margalit Tocher and Andrea Hasten trace the challenges and obstacles of the aging generation and provide strategies and guidance for caregiver families.
Distributions have many implications for the Private Family Trust Company (PFTC). The responsibilities of the PFTC in preserving the corpus and being true to the role of the trustee must also align with the changing needs of the family. This peer dialogue centers on a case study examining the art and complexity of family distributions and provide tools, strategies, lessons learned and insight into preparing for the intricacies inherent in distributions.
In a session dedicated to discussing global investment transparency and data governance, Pamela Pecs Cytron, CEO Pendo Systems, a global financial technology company, and Steven Draper lead a discussion on automating the challenges of managing portfolios, exposure and inventory.
Track 6 - DEVELOPING PROFESSIONALS - Highlights from 2015 FOX Compensation and Benefits Survey
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Over 100 families shared their compensation data and practices as part of the 2015 FOX compensation Benchmarking Survey. The report, distributed in late September, includes a comprehensive analysis of individual compensation categorized by size of staff. Included in the survey results is an analysis of incentive compensation—methodology and annual targets for short-term incentives, types and structure of long-term incentive compensation, current compensation practices, benefits and perquisites and PTO.
Professional Liability Risk Management
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When your business and reputation are on the line: Know your professional liability risk – For high net worth individuals who invest their time and resources for lifetime causes, losingbusiness and personal assets can be devastating. Read this paper to understand how to protect HNW individuals from frivolous lawsuits that can threaten their life’s work and savings.
A Breach Has Occurred… Now What?
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With cyber theft often in the headlines, it might seem as though it’s not a question of whether your personal information will be compromised, but when. For example, you have likely seen CNN’s estimates that over 100 million Americans have had their personal information stolen and exposed over a one year period. This may leave you wondering, “How safe is my money?” While the question seems straightforward, the answer is complicated because it varies based on the answers to several questions. How did the breach take place? What information was compromised?
Employing Domestic Staff for Your Home
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Clients often hire domestic staff for help managing a large family and household. But for the affluent homeowner, there are significant risks associated with retaining employees such as babysitters, elder-caregivers, and housekeepers, to name just a few. When hiring domestic workers, it’s important to consider and address the risks involved, which are discussed in this article from Marsh Private Client Services.