Risk

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Scoping Out Your Program/Risk Assessment

There is no one-size-fits-all risk assessment. Assessments should be fairly different, in fact, from one organization to another, since needs and risks are necessarily quite different depending on industry, location, lines of business, etc. The need for customized assessments is even greater when businesses are using combined risk and program assessments, in fact. Read on for ...

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Using a Risk Model as a Common Language

Risk management cannot possibly go well when the parties involved aren't speaking the same (risk) language. Minimize misunderstandings by making sure that everyone involved is operating from the same framework when it comes to uncertainty in environment, process and information for decision making. Jim DeLoach breaks down for us exactly what that means.

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What Every Board Member Should Know About Cybersecurity

Cybersecurity is as pressing a problem as ever, so the discussions around how to maintain privacy and protect the business should not only be ongoing, but also be happening at the Board level, involving senior management and other power players in the organization. As scams and hackers' schemes evolve, so to should your company's understanding of the risks ...

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Do You Have a Cybersecurity Problem?

If you believe cybersecurity risks are entirely the purview of the IT department, you're not alone. But you're also mistaken. Compliance has to partner with IT in conducting risk assessments, addressing threats and implementing solutions to keep the organization both on the technological forefront and protected as much as possible from data breaches.

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Understanding and Reducing Business Travel Risks for Employees

Companies doing business internationally face a great deal of risks and challenges. This article explores the necessity of accounting for employees' health and safety while they travel abroad. Having international insurance coverage may not be enough. Here, Mike Kelly addresses ways to reduce travel risk and ensure your staff are protected both stateside and overseas.

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Risk Management’s Tower of Babel

Put a dozen leaders in a room, set them to the task of defining risk management and you'll quickly find that when it comes to risk, most of us are speaking different languages. If Risk Managers are to be effective -- in everyone's eyes -- we'd all better find some common ground in terms of what constitutes a ...

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Supplier Risk Management – Interconnected Processes

The processes driving large-scale change are necessarily interconnected. The same can be said for the processes involved in risk management within the supplier chain. Tom Fox outlines six overarching steps for effectively identifying and mitigating supplier risks -- one leading feeding directly into the next -- in order to maintain anti-corruption and anti-bribery compliance among third ...

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Managing Country Risk

There are a myriad of risks to take into account when doing business abroad. Multinationals necessarily face a broader range of risks than smaller organizations do, therefore their risk management practices must be more robust. They must continually assess political landscapes, trends in similar countries and exposure to confiscation, among other concerns.

Chicken Parmesan

Risk Appetite and Chicken Parmesan

Developing a risk appetite statement may not be your favorite task, but try to think of it as pulling together your favorite recipe. You'll serve as the primary ingredient, with the remaining components -- binding agents, critical "seasonings" and the like -- represented by other key stakeholders and contributors. The very notion takes on a different flavor ...

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The Hardest Risk to Avoid

You can't plan for the risks that haven't even crossed your mind. What's often not explored after the fact, though, is why we didn't see issues coming -- shouldn't we have been on the lookout? Isn't that the duty of those of us in risk management? James Bone outlines a more encompassing approach to risk management, one ...