Risk
Risk refers to threats an organization faces -- loss of earnings, loss of reputation, or harm of any kind. These articles explore the challenges of preventing, identifying and mitigating risk. Risk can come in many forms, including financial issues, legal liabilities, strategic or leadership errors, or accidents and natural disasters. Today, IT- and data-related risks are growing concerns. The following articles about risk look at the issue from many angles, especially from that of compliance officers risk managers.
The Board-Management Risk Appetite Dialogue
Considering unpredictable markets, myriad uncertainties and unprecedented market opportunities, how should the board and executives engage with respect to the organization’s risk appetite? Protiviti's Jim DeLoach offers sage wisdom. In 2017, the National Association of Corporate Directors (NACD) Advisory Council on Risk Oversight released a...
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The Risks of Undervaluing a Focus on Culture
On a long enough timeline, every system needs reworking to avoid failure. Gary Patterson and Robert Barker share how even the most steadfast brands can experience serious hiccups if they focus on the wrong thing. Every board of directors should include an independent review of...
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The Social Construction of a Scandal
Do corporate execs and legal counsel truly understand the role news media plays in establishing the narrative about fault and consequences when a scandal arises? Michael Toebe offers guidance on responding well. How significant a crisis may become with all stakeholders may have more to...
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The Curious Case of Bias in Risk Assessments
Christopher Magno, Terrance McCue and Michael Gordon discuss the pervasive yet elusive concept of bias, offering guidance on how to spot common biases and useful tips on mitigating their effects on your risk assessments. While we as compliance specialists, attorneys and risk professionals typically try...
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The 3 Final Pillars of the Cognitive Risk Framework
The five pillars of the cognitive risk framework (CRF) are designed to provide a 3D view of enterprise risks. James Bone details here additional levers of risk governance in the final three pillars of the CRF. In earlier installments, James discussed the first pillar of...
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Preparing for Generation Z – The Future of the Front Line in Risk Management
Generation Z is poised to comprise nearly a quarter of the global workforce – and they’ll shortly become the first line of defense for most organizations. MetricStream COO Gaurav Kapoor discusses some unique attributes, expectations and risks associated with Gen Z. As Generation Z starts...
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Enterprise Risk 2020: Are We Ready for Security 4.0?
G4S’ Rachelle Loyear points to several risk data points from ISACA’s recent State of Enterprise Risk Management survey, offers tactics to improve risk mitigation efforts and shares tips for learning from past industry trends. If you keep tabs on trends in cybersecurity, you’ll have noticed...
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The True Cost of Website Inaccessibility
If you think retooling your website to be fully accessible is cost prohibitive, consider the cost of noncompliance. Deque Systems CEO Preety Kumar explores what a lack of accessibility can cost an organization. Legal action taken against companies for having websites, mobile apps and docs...
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What’s the Plan? – Planning a Post-Acquisition Merger Strategy
How should you plan your post-acquisition merger strategy? Jay Rosen continues his series on monitoring in an M&A context with this exploration of how to strategize the merger following an acquisition. To plan your post-acquisition merger strategy, first you should start with the Department of...
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2019 Reputational Risk Study: Acknowledging Compliance Gaps
The court of public opinion often moves faster and perhaps more harshly than most courts of law. That's why The Red Flag Group surveyed business decision makers against 20 compelling questions to determine the importance of protecting reputation. The results? Interesting trends emerged here, as...
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How to Drive Faster Action on Emerging Risks
Gartner’s Matt Shinkman discusses a sound strategy to increase executive urgency to address exposure to emerging risks, including building agreement on risk impact and presenting leadership with solution options. Gartner research suggests that 90 percent of risk leaders believe their companies need to act faster...
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Intentional Control Design: Pillar 2 of the CRF for Cybersecurity and ERM
Cognitive governance is the first of five pillars making up the cognitive risk framework; the second is intentional control design. James Bone discusses chief considerations around intentional design. The five pillars of a cognitive risk framework are designed to provide a three-dimensional view of enterprise...
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