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Excellence in Risk Management VII
November 1, 2011
The perception of risk management functions within organizations is changing because of the fluid financial environment and other external forces like regulatory agencies now requiring companies to disclose their risk...
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Compliance, Ethics and Enterprise Risk Management
October 17, 2011
Carlo V. di Florio, the Director of Office of Compliance Inspections and Examinations at the SEC spoke about the relationship between compliance, ethics and ERM. He made his speech at...
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Audit Committees Concerns About IT Risks
October 1, 2011
KPMG’s Audit Committee Institute recently published its 2011 Public Company Audit Committee Member Survey Report. This report covers the most prevalent issues audit committees would like allocate more attention to...
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Better Management of Complexity in Business
September 1, 2011
Companies continue to experience increasingly complex risks and business processes. This Harvard Business Review article argues that to manage the evolving complexity, managers and decision makers need to use different...
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Business Leaders and Global Capitalism Risk
September 1, 2011
The global spread of market capitalism has provided considerable wealth creation. However, there are concerns regarding how the global market system is currently functioning and these issues must be addressed...
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Being Aware of Catastrophic Risks
September 1, 2011
Catastrophic risks are always with companies. They can be destructive as well as be the result of a poor decision or lack of making a decision. The consequence associated with...
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Risk Identification through “Rooted Maps”
August 1, 2011
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...
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Managing Social Media Risks
July 1, 2011
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...
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Does Reliance on Board Subcommittees Lead to Silo-Risk Management?
June 14, 2011
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...
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Design to Embrace Failures
April 29, 2011
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...
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Homeland Security Risk Management Fundamentals
April 1, 2011
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....
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Keeping Track of “Near Misses”
April 1, 2011
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...
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Why Learning from Success Can be Challenging
April 1, 2011
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...
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Impact of Risk Management Failures on the Financial Crisis
January 3, 2011
A report released by The Financial Crisis Inquiry Commission presents findings and conclusions related to the causes of the current financial and economic crisis in the United States. Failures of...
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Increasing Complexity Creates Challenges for Risk Management
January 3, 2011
Managing complexity is quickly becoming one of the greatest challenges for large organizations today. A whitepaper published by KPMG presents findings related to a study of the causes and impact...
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Shareholders Push Boards to Manage Social and Environmental Risks
January 1, 2011
Shareholders are increasingly focusing on how boards of directors are overseeing risks and exploring opportunities related to social responsibility and environmental issues. Investors are particularly interested in how social and...
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Climate Change and Sustainability Risks
December 30, 2010
Shifting consumer expectations, greater information access, and enhanced media attention are some of the reasons for growing attention on issues related to climate change and sustainability. With this increasing focus,...
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Protecting Your Reputation in Today’s Social Media World
December 1, 2010
A recent article in The Harvard Business Review addresses the importance of protecting corporate reputation in the new age of social media outlets. The article highlights key areas that organizations...
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Evaluating Impact of Compensation Plans
October 1, 2010
The current economic climate is an opportune time for employers to determine if compensation practices are properly aligned with market practices and the organization’s business strategy. A six-step process...
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Data Risk Management – Applying a Holistic Approach
September 30, 2010
Due to the increasing costs associated with protecting and maintaining data, a holistic approach to data risk management is becoming essential to organizations. A whitepaper published by IBM discusses the...