The TASSE Score

Measuring a Board's Due Diligence and evaluating its actions can help identify and rectify gaps before they become corporate scandals.

​

The TASSE Score helps Boards understand how frequently five key areas are discussed in meetings.

​

The more often a topic is discussed, the more likely that gaps are being identified, shortcomings corrected, risks managed, and scandals avoided.

​

It owes its creation to the fears of Directors and Officers expressed to international Risk and Compliance expert Marc Tassé on what was keeping them awake at night.

​

The threats to a company are many, and it is the job of a Board to protect against them. While it is easy to think that the worst outcome of a corporate scandal is a fine or temporary bad press, the reality is much starker.

 

Consider market capital devaluation, class action suits, criminal investigations, intense reputational damage through social media, and loss of investor confidence.

​

When Boards are taking the necessary actions to succeed, they are living up their mandated Fiduciary Duty and their "Duty to Prevent" prohibited or unethical activities which can result in costly Failure to Prevent errors, as well as legal, financial, and reputational dangers.