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Jul 6, 2022

Five Actions to Build a Resilient Organization

The 2021 Deloitte Global Resilience Report explores how to strengthen resilience in your organization to be prepared to overcome disruptions and thrive amid extreme circumstances. Through 2,260 interviews with public- and private-sector CXOs in 21 countries, the report identifies five organizational characteristics common to companies that have proven to adapt, bounce back, and persist amid disruption: preparation, adaptability, collaboration, trust and responsibility. This article translates those characteristics into practical, actional steps for leaders to build resilient organizations.

Jun 30, 2022

Practical Tips to Prepare for Disruption

Disruption is a part of life and business, and business leaders are often tasked with making important decisions amid uncertainty. Based on insights from its research, Gallup published a set of practical tips for leaders to effectively prepare their organizations to withstand disruptions.

May 23, 2022

Running the Risk: What it Takes to be a Chief Risk Officer (CRO)

This article, "Running the Risk: What it Takes to be a Chief Risk Officer (CRO)" by Samantha Beavers discusses the important attributes of an effective chief risk officer (CRO).

Feb 8, 2022

Imagining Unimaginable Risks

Risks take a variety of forms, many of which companies can proactively manage. But novel risks are much more difficult to predict and plan for and they may seem improbable, emerge from a perfect storm of events, or are unprecedentedly massive. In their 2020 Harvard Business Review article, "The Risks You Can't Foresee," authors Robert S. Kaplan, Herman B. "Dutch" Leonard and Annette Mikes define novel risks and then describe how to detect and respond to them to mitigate the risk impact on the business.

Feb 8, 2022

How to Adapt to Thrive in the New Normal

Shocks like economic recessions and global pandemics can result in long-lasting behavioral changes that impact businesses. The Covid-19 pandemic is the most recent reminder that companies prepared to reassess their opportunities, adapt their business models and reallocate investments amid a crisis are the winners.

Expert ERM Interview

Oct 6, 2021

New Resources: ERM Tools & Techniques

The ERM Initiative interviews John Fraser, Rob Quail and Betty Simkins about the 2nd edition of Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives.

Sep 21, 2021

Is Your Company’s Knowledge Walking Out the Door with Your Retirees?

A conversation about the risk of knowledge loss often is centered around a technology concern evoking thoughts of cyber breaches that release proprietary information, an operational matter considering outsourcing or the one that I will discuss, a people or talent discussion. This article discusses how knowledge loss from employee attrition can be reduced through effective knowledge management and knowledge transfer practices.

Jun 17, 2020

ISO’s Risk Management Framework

ISO’s Risk Management-Guidelines is a widely embraced framework for implementing ERM in any type of organization.  Issued by the International Organization for Standardization (ISO), ISO 31000:2018 provides guidelines on managing risks to help business leaders create and protect entity value through the management of risks in the context of decision making. The Framework bases the management of risks on principles, a framework, and process.

Jun 17, 2020

COSO’s ERM Framework

One of the most widely embraced ERM frameworks is COSO’s Enterprise Risk Management – Integrating with Strategy and Performance issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Originally issued by COSO as the Enterprise Risk Management – Integrated Framework in 2004, the framework was revised in 2017 to strengthen the emphasis on the integration of ERM with strategy and performance.

Feb 11, 2020

Effective ERM Can Promote Stakeholder Balance

This article provides an overview of the Business Roundtable (BRT) Statement on the Purpose of the Corporation.