Shaping the right risk culture is an internal activity which includes integrity, hard controls and the division of duties, internal controls, and soft controls to develop the kind of culture the organisation wants. There should be guidelines for ethics, and staff should be trained and aware of what their rights
Money laundering and financing of terrorism is not going to let up anytime soon. Research has shown that dirty money pours into the world’s most powerful banks, and in some instances, both governments and banks are complicit in the failure to stop the flow of dirty money in the system.
How do businesses transform in an environment that is dynamic and uncertain? What do they transform into, when everything appears to be in a state of flux? Business is inherently risky; there is good as well as bad risk everywhere. Additionally, there are massive repercussions because we live in an
We were in a period of global growth when the pandemic hit. Businesses are now either struggling to survive, trying to navigate with resilience or scrambling to respond to emerging threats and opportunities. Uncertainty creates opportunities. Businesses which have prepared themselves to cope with disruption will be able to take
The novel coronavirus is one in a long line of diseases to afflict the world’s population but Covid-19 is different. It has been affecting people in a different way. Indeed, the pandemic has underscored the material value of the health and contribution of people to business. It has become imperative
Supply chain risks have been in existence for a very long time; these hardly need an introduction. “Supply chain leaders have to perform and deliver regardless of economic conditions or the environment,” stated Dr David Gonsalvez, CEO & Rector of the Malaysia Institute for Supply Chain Innovation (MISI). “You cannot
If there is one thing that the Covid-19 Pandemic has taught us, it is that we are operating in an uncertain environment. But change, disruption and uncertainty notwithstanding, life has to go on; businesses have to learn how to cope with the challenges of the New Normal. And one of
Technology – everybody wants it; it gets more valuable by the hour. As businesses move forward, it becomes a necessity, no more a luxury. But different parts of the world have different rules and regulations, and these need to be recognised – which means managing technology risks better in order