Risk

Better Workplace Safety with a Streamlined Approach to GRC Health and safety risks can be debilitating to an organization, yet they frequently take a back seat in business strategies and budgets. Resource-constrained risk managers are tasked with managing not only multiple OSHA requirements across various operational units, but also with passing site inspections and completing remediation activities. To complicate this,...

Practical Steps Non-U.S. Companies Can Take Now The international business community is watching intently to see whether the United States will withdraw from the Iran nuclear deal.  Although the consequences of a U.S. withdrawal, and the European Union's response, could be far-reaching, it is difficult to anticipate how non-U.S. companies will be affected.  Rather than just waiting to see what...

Addressing the Bias Problem Though virtually every involved party was at fault to some degree, bias on multiple fronts was largely the cause of the 2008 financial crisis. Given that bias in risk management can result in a disastrous event such as this one, protecting against biases is critical. Jim DeLoach presents several strategies to overcome these blind spots and...

The Driver Behind Enterprise Situational Awareness Intelligent automation is an emerging solution to enable intelligent decision-making at the strategic level, but it doesn’t necessarily have to be complex or require cumbersome new infrastructure. In fact, since overly complicated approaches to intelligent automation tend to result in project failure, simplicity may be the order of the day. “Intelligent Automation” is such...

Is Your Company Prepared for a Pandemic? Recent natural disasters such as Hurricanes Harvey and Irma have undoubtedly sparked a renewed interest in continuity planning among many business leaders. When compared with even large-scale weather events, however, a global crisis – particularly a pandemic – is exceedingly difficult to plan for. This article outlines risk mitigation strategies and steps companies...

Driving Acquisition and Retention of Top Talent In a study of the top risks for 2017, over 700 participating C-level executives and directors rated succession challenges and the inability to attract and retain top talent as the sixth-highest risk. Holding its position as a near top-five issue consistent with surveys conducted by Protiviti in prior years, this risk was accompanied...

When a good reputation is difficult to build and easy as pie to destroy, it's a business imperative to manage the company's reputation carefully. Jim DeLoach outlines five critical areas leadership must pay close attention to, and 10 factors total that can be critical in managing reputation risk. With today’s electronic and social media, the news cycle reporting on the...

Vigilant Assessment and Comprehensive Security Also Needed According to Cybersecurity Ventures, the worldwide cost of cybercrime will grow from $3 trillion in 2015 to $6 trillion by 2021. This includes damage and destruction of data, stolen money, lost property, intellectual property theft and other areas. In an era where the likelihood of cyberattack is high, turning a blind eye can have disastrous...

And How an Automated Solution Can Help You Overcome Them In 2017, it’s time for many organizations to stop viewing risk management in silos and begin implementing a comprehensive enterprise risk management (ERM) program. Adoption is slow, however, due to some common challenges, especially when it comes to finding a consistent method of defining, assessing and reporting risk. A good...

This downloadable compliance slideshow offers training on how to conduct a workplace investigation and can help build a case to protect your business.

Creating Situational Awareness Several prominent Wall Street firms are transitioning to a cognitive risk management environment. The changes they’ve made are significant, but there’s still work to be done. James Bone asserts that a more comprehensive approach is needed: one that includes intentional control design and machine learning – technology to help humans become more productive. In my previous articles,...

5 Key Areas to Improve Now While business processes are an absolute necessity for effective governance, risk management and compliance, the static documents many companies use to store process information simply don’t work. They’re not functional, usually inaccessible and often difficult to manage. They’re also not engaging, which is a huge problem, especially for younger workers. But there is hope...