August 1, 2011 Avoiding Confirmation Bias in Decision Making Executives today are becoming even more aware of the biases within their own mind that can prevent them from making the correct decisions. One of these major biases is confirmation...
August 1, 2011 The CFOs Relationship with the Audit Committee for Effective Risk Management Organizations rely heavily on senior management and their board to mitigate excessive risk in today’s business environment. In fact, managing risk is often a shared responsibility between the CFO...
August 1, 2011 Risk Identification through “Rooted Maps” This article published by the McKinsey Quarterly introduces “rooted maps” to help executives adjust their thinking in regards to developing global strategies. These maps, which depict the world from a...
July 1, 2011 Managing Social Media Risks As organizations realize the potential of social media to positively benefit their marketing and advertising strategies, they are also aware of potential risks. In a white paper published by Crowe...
July 1, 2011 Competitive Advantage in a Risk Environment: Four Capabilities to Gain Adaptability In a business environment that is always changing and full of uncertainties, conventional methods of strategy may no longer be appropriate. Instead, managers are finding that sustainable competitive advantage occurs...
July 1, 2011 Managing Human Capital Risk Though companies recognize the high impact of Human Capital Risk (HCR), many still have immature HCR management processes, if any. The Conference Board researched companies based in North America, Europe,...
June 14, 2011 Does Reliance on Board Subcommittees Lead to Silo-Risk Management? Most boards of directors create subcommittees to manage certain types of board oversight responsibilities. Most boards have audit committees to oversee the financial reporting process and compensation committees to oversee...
June 1, 2011 Assessing ERM Programs An effective enterprise risk management (ERM) program can significantly help an organization see and take action on risks that may be affecting the achievement of their core strategic objectives. Organizations...
May 1, 2011 A Comprehensive Guide to Risk Appetite and Risk Tolerance With the scarcity of useful guidance to help organizations determine risk appetite and risk tolerance, the Institute of Risk Management (IRM) is seeking to clarify and produce guidance to more...
April 29, 2011 Risk Management: A Driver of Enterprise Value in the Emerging Environment The emerging practice of enterprise risk management has created both challenges and opportunities to further enhance enterprise value. KPMG conducted a survey of CEOs, board members, and risk practitioners across...
April 29, 2011 Design to Embrace Failures Failure is unavoidable in uncertain environments, but organizations can benefit from planning and learning from mistakes. A Harvard Business Review article highlights how failures can provide useful learning opportunities and...
April 26, 2011 Increasing Risk Awareness for Mission Critical Objectives of Not-for-Profit Organizations Even though risk management is in the spotlight among for-profit organizations, effective risk oversight is needed for not-for-profit organizations, too. A whitepaper published by the AICPA highlights the relevance of...
April 26, 2011 Five Categories for Focusing Risk Oversight A whitepaper published by Protiviti explores five categories the board may want to consider in determining whether to adopt a risk language specific to the organization for risk oversight.
April 26, 2011 Finding the Right Chief Risk Officer If management decides to appoint a Chief Risk Officer (CRO), the company should evaluate a variety of factors when conducting a search for the right candidates. A whitepaper issued by...
April 1, 2011 Homeland Security Risk Management Fundamentals The Department of Homeland Security (DHS) plays a critical role in leading a unified effort in the management of the diverse and complex set of risks facing the United States....
April 1, 2011 Keeping Track of “Near Misses” Organizations often find themselves praising the narrow escape of a potentially massively harmful event. An article in The Harvard Business Review describes how your organization can benefit from not simply...
April 1, 2011 Why Learning from Success Can be Challenging Learning from failures is equally important as learning from success. However, learning from success presents greater challenges, as good performance makes us less reflective and inquisitive about the factors that...
March 1, 2011 Raising Awareness of Cybersecurity Risks Given the highly interconnected world that technology now accommodates, organizations are able to expand their operations and systems all around the globe. While those IT systems create significant business opportunities,...
March 1, 2011 Implementing Effective Enterprise Risk Management and Compliance The costs and processes of implementing an effective enterprise risk management approach can seem intimidating to an organization. This research paper by the Economist Intelligence Unit highlights four stages of...
February 9, 2011 Webinar Featuring Insights from Two COSO Risk Oversight Reports Download the presentation ERM Board Risk Oversight – A Tale of Two Surveys from COSO, that highlights key findings and insights from two recent COSO released survey reports on the current...