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Sep 1, 2011

Being Aware of Catastrophic Risks

Uncover strategies to prevent catastrophic risks, including addressing communication biases, fostering courageous oversight, and learning from past failures like the Titanic and Bernie Madoff scandals.

Sep 1, 2011

Corporate Crisis: What are the Similarities and What Can We Learn?

Discover insights from Case Business School's analysis of corporate crises, highlighting risk categories, the dangers of groupthink, and strategies for evolving ERM to tackle inherent industry risks.

Sep 1, 2011

Cyber Crisis Management: A New Philosophy and Approach to Incident Response

Cybercrimes can cause financial and reputational damage. Learn how companies can prepare for cyber threats with robust crisis plans, incident response protocols, and expert guidance for comprehensive risk management.

Aug 30, 2011

Risk Oversight Improving: 2011 Proxy Disclosures

Deloitte’s study of S&P 200 companies uncovers key improvements in board risk oversight and governance, with recommendations to strengthen risk management practices through better alignment with corporate strategy and regulatory transparency.

Aug 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 bias, which is the phenomenon in which people throw away any evidence as irrelevant if it contradicts their initial notion of the situation. Increased awareness of the decision making process can help executives better evaluate situations when coming to a major decision. Confirmation bias is likely to be present in any risk identification and risk assessment task as new information comes to light that might contradict our preconceived notions about a risk event. This thought paper explores twelve questions to think through before jumping into the deep end and making a major decision with an unfounded assumption as its base.

Aug 1, 2011

The CFOs Relationship with the Audit Committee for Effective Risk Management

Learn five key practices for strengthening the CFO-audit committee relationship, emphasizing their critical role in risk oversight, financial governance, and strategic alignment for effective corporate governance.

Aug 1, 2011

Risk Identification through “Rooted Maps”

Discover how rooted maps enhance risk identification by visualizing global risks from specific perspectives. Learn how geographic, cultural, and policy differences shape business strategies and improve executive decision-making.

Jul 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 Howarth LLP, the authors outline sources from which social media risks can originate and provides a six-step approach that an organization can use to create an effective social media risk management strategy.

Jul 1, 2011

Competitive Advantage in a Risk Environment: Four Capabilities to Gain Adaptability

Discover how adaptive strategies help organizations navigate risk and volatility by fostering rapid learning, decentralized decision-making, and strategic experimentation to address emerging challenges.

Jul 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, and Asia-Pacific to evaluate current HCR management practices. Companies with Strategic Workforce Planning (SWP) indicated better HCR maturity. The research in this article also highlights a need for HR and ERM executives to engage each other more to better understand risks associated with their human capital management.