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
Appreciating how enterprise risk management works is crucial
Just implementing Enterprise Risk Management (ERM) doesn’t mean that all your organisation’s risks will magically disappear. That’s not how ERM works. It works when you keep working at it. But what does this mean, especially for companies which are convinced that ERM is the way to go, but lack the funds
Pro and Cons of Outsourced vs In-house risk management function
Risk management is best done in-house. Why? Because regardless of whether administrative risk management activities are contracted out to a third party or not, the practical management of risk will ultimately still have to be conducted by the organisation. However, this does not mean that companies should start from scratch where
Leveraging on Enterprise Risk Management during the Pandemic
With a world struggling to come to terms with turmoil, issues and challenges abound. No industry has been spared the wrath of Covid-19. Travel has been severely curtailed; no one is flying. Orders for planes have been cancelled. The aviation industry has been completely crippled. Travel restrictions have affected tourism
Transformation In A VUCA World
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 interconnected
Make The Pandemic Work For You!
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
ESG: When People Come First
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
Ensuring your Supply Chain Risk Resilience
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
Human resource management is about more than just getting the right talent
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
Delighting in the possible: unpredictability demands managing beyond the probable
Volatility, uncertainty, complexity, ambiguity. We have been in a VUCA world for a long time, and – more importantly – dealing with issues it has thrown up sometimes without fully realising it. If the term seems more visible now, it is only because we are becoming more cognisant of the