Control Risks Launches Social Risk Consulting Practice in the North American Market

WASHINGTON--(BUSINESS WIRE)--Control Risks, the international business risk consultancy, announces today the acquisition of Social Risks LLC, a boutique risk management consulting firm, and the launch of Control Risks’ Social Risk Consulting practice to enhance its global risk analysis portfolio.

“The establishment of the Social Risk Consulting practice in North America increases Control Risks’ ability to assist corporations with social risk management”

In an increasingly integrated and transparent global economy, international corporations need a wider understanding of the political risk environment in which they operate and an appreciation of their social footprint, including their impact on the local community and the environment. Control Risks helps clients recognize social, human rights and environmental risks and opportunities to increase economic and social value for shareholders and stakeholders. Including social risk analysis, mitigation management, and human rights impact assessments in key business decisions enables clients to avoid costly problems, engage in mitigation planning and achieve sustainable profits.

“As signatory of the UN Global Compact, Control Risks understands that business interests need to be aligned with universally agreed principles in the areas of human rights, labor standards, the environment and anti-corruption for corporations to succeed,” says Jim Brooks, President & CEO of Control Risks North America, “and we are proud to enhance our global risk analysis portfolio in North America by establishing a Social Risk Consulting practice led by Michael Shtender-Auerbach, the founder and chief executive of Social Risks LLC.”

Social Risks was founded in 2007 to provide a range of research and advisory services for clients in the private, public and nongovernmental sectors. “The establishment of the Social Risk Consulting practice in North America increases Control Risks’ ability to assist corporations with social risk management,” says Michael Shtender-Auerbach, Vice President & National Practice Leader of Control Risks’ Social Risk Consulting. “With enhanced analytical capabilities, crisis communications solutions, and advisory services, Control Risks is uniquely positioned to translate social risks into opportunities and manage the risk exposures inherent in the complex social, political and environmental settings in which our clients operate.”

Notes to Editors

Control Risks is one of the world’s leading global business risk consultancies. As a trusted adviser to almost three quarters of the Fortune Global 500, we enable our clients to succeed in complex and hostile environments. We provide the information, advice and practical support they need to manage the political, security and integrity risks that come with doing business internationally.