Key Business Continuity Areas To Focus On, In 2021
The past year has been simultaneously a painful one and an invaluable learning experience. It showed businesses that even with the most extensive preparation, the impact of an event like a pandemic can still catch organisations on the back foot, and throw them into a tailspin. Even organisations that had
Integrate Principles Into Processes: Integrating Risk Management Principles Into Business Processes
What should organisations be looking at, if they want to integrate risk management principles into their business processes? One of the main aims of integrating risk management into the organisation’s business processes is to enable it to identify and address the risks which confront it at all levels. Achieving this
How To Talk Digital Risk To Your Board
Conversations with the Board are often stress-filled occasions for management. Broaching the subject of risk is never easy - even more so when it involves digital risk. But talking about digital risk to the Board is necessary because in today’s business environment, digital risk management spans an increasingly wide range
Risk Appetite, Tolerance And Board Oversight
The business environment grows more complex, demanding and dangerous by the day. Expectations of profitability are always high. Shareholders expect returns while regulators insist on compliance. Stakeholders are becoming increasingly vocal about governance, and have no qualms nowadays about taking firms to task over perceived ethical breaches. Companies are finding
What Does It Take To Be Engaging? Getting Management Buy-In On Risk Matters
Risk professionals are often caught in an unenviable position when it comes to convincing management that risk matters should be taken seriously; not just operational risk or credit risk, but the whole spectrum of risks, real and virtual, that confront every business today. But risk matters are not the exclusive
Fast Track To ERM Success: Striving For Quick Wins In ERM Implementation
Can there really be a “quick win” in the implementation of Enterprise Risk Management (ERM)? ERM is not a one-off project; it is a long-term commitment by the organisation to implement policies, frameworks, processes and procedures that spur the firm’s efforts to achieve its objectives. When well implemented, ERM is
Look What’s Coming Your Way: Cybersecurity Trends To Watch Out For
Knowing what to keep an eye out for where cybersecurity is concerned, is always helpful. But matters tend to become complicated when a real virus is added to the virtual ones already in circulation. Compounding the matter is the sudden spike in the volume of people now working from home.
Can You Risk Not Investing?
Investing means making choices about how, when and where a company’s assets can be utilised to maximise returns. Safeguarding these assets is imperative, as any investment is subject to a range of risk including negative returns, earning below expectations, unfavourable market conditions or other conditions that may force the disposal
Get It Into The DNA: Possible Ways Of Embedding ERM In Organizational Culture
If there is one thing that the pandemic has taught us, it is the necessity of planning for unheralded, unanticipated emergencies. But if emergencies are unheralded and unanticipated (and, like the Covid-19 pandemic, unprecedented), how do you plan at all? One way is to be aware of the risks confronting