Category: Risk

businessman reading financial reports

Risk Managers: Impact Lies in Reduced Executive Effort

Posted by - August 28, 2018
The Key to Increasing Decision-Making Influence In this complex risk environment where senior executives are expected to make fast decisions, they need the most actionable information in a timely manner. However, most leadership teams feel the risk information they receive isn’t actionable from a business strategy or operations perspective. In…
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A Copernican Revolution in Culture and Conduct Risk Management

Posted by - August 22, 2018
The Necessity of Proactive Management Experts at applied behavioral science technology company Starling offer insights into the failures of current approaches to managing conduct risk and explore an alternative – more proactive – solution. This would mark a paradigm shift in management science – one in which culture is viewed…
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illustration of man in suit pulling thread from tangled mess

Needed: A New Approach to Risk Modeling in an Asymmetric World

Posted by - August 20, 2018
A Forward-Looking Response to a Chaotic World The actuarial model of risk compliance employed by most large global enterprises – calculating the odds of future events based on past occurrences – has become outdated and ineffective, as the internet and global interdependencies have created an asymmetric, chaotic world in which…
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blur of audience in crowded auditorium

“Gone are the Days of Rigid Lines of Defense”

Posted by - July 17, 2018
Key Insights and Trends from the MetricStream GRC Summit 2018 MetricStream’s 2018 Summit in Baltimore saw several hundred business executives, government leaders, GRC practitioners and industry analysts gather to talk GDPR, strategies and solutions for building better governed, more compliant organizations and more. Gaurav Kapoor, MetricStream’s Chief Operating Officer, shines…
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two Kings in chess: one upright, one lying down

ERM is Dead! Long Live ERM!

Posted by - July 16, 2018
Driving Change to Improve Resilience and Agility Enterprise risk management (ERM) is a framework organizations use to manage risks and seize opportunities related to the achievement of their objectives. More and more frequently, upper-level management refuses to acknowledge ERM properly, which leads to missed opportunity and lost revenues. Read more to…
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scrabble tiles spelling profit, risk, and loss

Making Third-Party Risk Management Drive Value

Posted by - July 12, 2018
Reimagining Risk A recent Deloitte poll surveyed nearly 2,400 professionals in a bid to better understand third-party or extended enterprise risk management (EERM) programs and explore how enhanced management of these programs can drive value for an organization. Deloitte’s Dan Kinsella explains why executives should reimagine EERM for value creation.…
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man with coins behind his suit

The Inherent Risks of “Too Big to Fail”

Posted by - June 28, 2018
Australia Grapples with its Monstrous Banks Compliance failures at a system-wide level are the hardest to heal from. This article looks at the risks facing companies that are “too big to fail” in light of the recent Australian bank scandal. Compliance failures at a system-wide level are the hardest to…
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closeup of an Excel spreadsheet on a computer screen

Breaking the Cycle of Spreadsheet Hell

Posted by - June 27, 2018
Solving Spreadsheet Risks and Errors is Easier Than You Think A decade ago, a professor of IT management and an authority on bad spreadsheet practices released an analysis on spreadsheet errors. It suggested that at the time, close to 90 percent of spreadsheet documents contained errors. But since then, spreadsheets…
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Risk Management

Intersecting Risk Management and Crisis Management

Posted by - May 1, 2018
The Role of the Risk Assessment Crisis management is an integral component of effective reputation management. Protiviti’s Jim DeLoach discusses why it’s imperative to build a rapid-response crisis management capability for sudden and unexpected high-impact, high-velocity and high-persistence events. Years ago, I had a conversation with a high-profile board chair…
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