Get your facts right for Enterprise Risk Management implementation success
It’s a bit of a conundrum: some of the factors that make ERM truly effective, are the same ones that make it unpopular too! Many see it as too time-consuming, troublesome, vague and hard to understand, thereby making it hard to implement. But, like every other management tool, framework, system, process
How do Boards and Management strengthen the professional worth using ERM?
Risk management can go a very long way to making a company more valuable. It follows, therefore, that Boards and Management which know how to do risk management right will themselves become more valuable to the organisation. But the Board needs to see the value of risk management to begin with,
Enterprise Risk Management is not just about managing risk
At first glance, Enterprise Risk Management (ERM) is just Risk Management (RM) with an ”E” but there is so much more to ERM than just managing the risks which beset any organisation. RM is good but it tends to be localised, and concentrates on losses, the costs that are incurred and
ERM & Surviving the Pandemic: Where Do We Go From Here?
In the past four months, practically every daily headline has been dominated by the devastation, death, despair and disruption wrought by the Covid-19 Pandemic. Countries have scrambled not only to identify and treat those infected but protect their economies from the fallout of widespread and very necessary quarantine measures. It has
What role does the Board play in Fraud Risk Management strategy?
The role of the Board in managing an organisation’s fraud risk is a major one. There are already rules, regulations, procedures and processes that are mandatory when it comes to addressing fraud, and the Board has to ensure that all of them are adhered to. But what about managing fraud
The competency required to form an empowered board risk committee
What does it take to get a Board Risk Committee that is really effective? The first step – establishing it – has already (hopefully!) been taken. This underscores the organisation’s commitment to doing things right from the risk management perspective. It also demonstrates the organisation’s understanding of how risk management affects
Keeping up with the evolving expectations for Boards
A directorship used to be a reward, a thank-you for years of service, and a sign that the difficult years of toil and trouble were over. But the opposite is now the case; it is not easy being a Member of the Board these days. The Boardroom is no place
What Do You Expect Us To Do in Times of Crisis?
There is no shortage of examples of what to do when a crisis hits. From stepping up to the plate and taking responsibility for a major product recall, to some spectacular instances of what not to do when your company is grappling with a major oil spill, there are any
Is Enterprise Governance a board or management issue?
While quite a substantial amount is known about Enterprise Risk Management (ERM), significantly less is known about Enterprise Governance (EG) – perhaps because EG is a much later construct in the corporate management pantheon. It also explains why little is known or realised about what EG can do for organisations.
How internal auditors can boost their enterprise risk management mastery?
There are many reasons why internal auditors should learn about Enterprise Risk Management. In fact, auditors and ERM are a good fit in so many ways. Firstly, auditors are trained to deep-dive into details, and ERM is nothing if not deep-diving and managing details so that the organisation overcomes the