RCSAs get you to know yourself better
Before your shortcomings are laid bare before everyone else, it is best that you know them yourself. That way, you have a chance to address (and redress) them before everyone starts telling you what to do. That is basically the premise of Risk and Control Self-Assessments (RCSAs). Of course, having
Why should organisations bother measuring corporate performance?
Why should organisations bother about measuring corporate performance? What would the point be of gathering data about themselves? Will it be worth the time and effort? And – some organisations would see this as a major factor – can they afford it? Measuring corporate performance involves ongoing or continuous data
Tackling risk by understanding the basis for Corporate Strategic Risk Management
Sometimes everyone is preoccupied with what they see as the “big stuff” to the extent that the ideas behind it are unclear. But every organisation needs a vision, and a direction to take, which is the underlying philosophy of having a strategy: you know what you want, and you have
What Does Integrity Look Like?
Do Boards today actually guide the organisations for which they are responsible, or is it the blind leading the blind? Who are the people who are supposed to be responsible for corporate performance – and therefore, corporate governance – and what does it take to be a Board member? Corporate
Why Corporate Governance is the Territory Of The Board?
Corporate governance: it’s what the Board is primarily in charge of. That which gives the organisation its direction. It essentially encompasses the core of the firm, covering its structure, relationships with shareholders and stakeholders, and its performance. But while the corporate governance framework, which is founded on legal and regulatory
Risk and Strategy is like dealing with two sides of the same coin
Enterprise Risk Management (ERM) encompasses many components, one of which is Corporate Strategic Risk Management (CSRM) but CSRM often does not show up as anything more than a blip on the radar because some organisations may confuse it with operational risk. One strategy expert explained it thus: “Good operations means
Measuring Corporate Performance: causes and consequences
What does an organisation need to measure? Why should it measure its performance? Isn’t it already following the prescribed rules and regulations, and making the required filings? What the organisation needs to measure correctly, may have certain consequences, and what these consequences may be, will depend greatly on the organisation
Risk Control Self Assessment (RCSAs): Championing and Doing It Yourself
Far from being a tedious or irrelevant process, Risk and Control Self-Assessments (RCSA) are an excellent way for organisations to identify where their shortfalls may lie, in a controlled, structured manner, without publicly exposing their vulnerabilities. RCSAs are an integral part of the operational risk management framework, and as continued
