Tackling Emerging Risk and Disruption Through Enterprise Risk Management (ERM)
Tackling Emerging Risk and Disruption through Enterprise Risk Management A recent IERP Tea Talk on Tackling Emerging Risk and Disruption through ERM started with a question: when does an emerging risk become a risk? On disruption, presenter Ramesh Pillai suggested that the best way to deal with it is to be
Technology And Data Risk
Any organisation which uses technology in its operations to store, manipulate, transfer or create data or information, is at technological and data risk. This applies to practically every company operating today, regardless of their levels of technological use. Technology risk is a firm’s exposure to potential loss resulting from the
Crisis Communications & Management: Just The Role Of PR?
In today’s business environment, organisations need to be prepared for a wide range of potential crises. These range from extreme weather conditions, product recalls, corporate malfeasance, cyberattacks or even acts of terrorism. The only thing that will be certain is that a crisis will hit without warning. Regardless of how
The Role Of The Board In ESG
Environmental, social and governance (ESG) considerations are gaining more traction in tandem with the increased demand for greater corporate transparency and accountability to stakeholders. The scope of ESG is wide, ranging from issues like climate change and income inequality, to gender diversity, ethical practices, and greater stakeholder participation or input
Machine Learning, Artificial Intelligence And Risk Management
Machine Learning (ML) is becoming an integral part of everything we do; there’s no getting away from it. We now reach for Google Maps and Waze – which are examples of how far ML has become integrated into our everyday activities – instead of thinking out our routes when we’re
What Is Missing In The ISO 31000 Guidelines
Drafted by the International Organization for Standardization, ISO 31000 is a set of guidelines that is intended to help organisation implement better risk management. It is designed to be used by any organisation operating in any industry. There is no certification for ISO 31000, unlike other ISO standards. With the
What Has ESG Got To Do With Enterprise Risk Management?
Environmental, Social and Governance (ESG) requirements are gaining prominence in many large organisations. Investors and stakeholders are starting to pay closer attention to how companies treat their environment, conduct themselves as corporate citizens, and carry out their governance responsibilities. Statistics have shown increasing funds flowing to “green” bonds and sustainability-linked
The Rise of Technology and Data Risk
New technology, such as artificial intelligence (AI) and cloud-based storage, is fuelling concern over data risk. But what constitutes data risk? This usually refers to the risks that confront an organisation such as loss of value or reputation, due to the challenges it faces with regards to acquiring, storing, transforming