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Feb 8, 2022

Six Practices to Future-Proof Your Company

As companies rebuild their workforces in the aftermath of Covid-19, they must move into the digital age to future-proof their operations and give them a competitive advantage. A recent Harvard Business Review article, "Future-Proofing Your Organization," draws on research by Bain & Company involving more than 300 large firms in every sector of the global economy. The authors identify six recommended practices for companies to follow as they recover from the pandemic to create technology-enabled workforces for future success.

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.

Dec 9, 2021

REPORT: Executive Perspectives on Top Risks for 2022 & 2031

Executive Perspectives on Top Risks is an annual survey report that assesses the concerns of 1,453 board members and executives globally.

Nov 18, 2021

Looking for a better way to report risk information to management?

The ERM Initiative is pleased to provide this new case study, “Management Dashboards: Visualizing Enterprise Risks”, that illustrates a number of different ways organizations are embedding risk insights into management’s dashboard reports.  The report was prepared by graduate students in the Poole College of Management at North Carolina State University based on input they received from 19 companies covering 9 industries including healthcare, financial services, pharmaceuticals, utilities, and wholesale/retail trades. 

Nov 2, 2021

2021 Global State of Enterprise Risk Oversight

2021 Global State of Risk Oversight Report, in collaboration with AICPA and CIMA.

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.

Aug 31, 2021

Mitigating Supply Chain Disruptions and Building Resilience

Global supply chains are larger and more complex than ever. At the same time disruptions that affect supply chains have grown more frequent and severe, exposing vulnerabilities. Companies and policy makers are reconsidering how to assess, analyze and mitigate risk exposure to bolster supply chain resiliency to shocks like financial crises, terrorism, extreme weather and pandemics. McKinsey Global Institute's (MGI's) report, Risk, Resiliency, and Rebalancing in Global Value Chains, explores factors leading to global supply chain risk, financial implications of shocks and guidance for building supply chain resiliency. Check out this summary of the key findings.

Aug 31, 2021

Assessing Risks in Third Parties

In today's dynamic global market, many third-party risks are going undetected and hidden in supplier, distributor and partner relationships. External factors including the COVID-19 pandemic and increasing attention among government regulators on corruption, sustainability and human rights, the need for companies to protect themselves against third-party threats and the resulting regulatory enforcement of illegal activity is paramount. LSEG's The Real Risks: Hidden Threats Within Third-Party Relationships, aims to provide organizations with guidance for identifying, assessing and managing third-party risk. We have summarized some of their key suggestions.