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default Addressing climate risk in the era of COVID-19

Although dealing with COVID-19 has understandably been the focus of many businesses over the past 12 months, businesses focussed on ensuring long-term resilience must look beyond this single threat says Andrew Bryson, Operations Senior Vice President at FM Global.

default Are we missing the point of risk management activities? Popular

The focus of this article by Geary Sikich is on the application of guidance (ISO 31000, FFIEC, etc.) often resulting in the appearance of compliance resulting from a checkbox perspective rather than actually and actively identifying and managing risk by organizations.

default Bringing internal audit back from the brink… Popular

As organizations undergo rapid changes, audit departments are increasingly under pressure. Nick Rafferty explores how organizations can adopt a more efficient and agile approach to managing their ever-growing array of audits.

default Can you really calculate the probability of uncertainty? Popular

Many aspects of risk management are deeply rooted in mathematical formulae for determining probability. This heavy dependence on mathematics to determine probability of risk realization may create ‘false positives’ regarding a risk that can be either positive or negative. Geary Sikich explores the issue.

default Compliance: accurate risk assessment and forecasting starts with asking the right questions Popular

Effective compliance starts with the board of directors, who need to use their expertise to ask the right questions. The problem is that many board members do not know what questions to ask… In this article, Thomas Fox offers some suggested questions to kickstart the process.

default Corporate social responsibility: balancing the risks and rewards Popular

How do corporate social responsibility and sustainability contribute to organizational risk management and business continuity? Geary W. Sikich and Joop Remmé consider the subject, concluding that, at its core, sustainability is about resilience.

default Emerging enterprise risks that businesses need to be aware of Popular

At the start of the year, members of the Institute of Risk Management (IRM) were asked to identify key risk areas for businesses for the year ahead. A broad range of risks were highlighted as potential flashpoints.

default Enterprise risk management and business continuity Popular

Alberto G. Alexander, Ph.D, MBCI, looks at enterprise risk management, its relationship to business continuity management, and how organizations can integrate the two disciplines.

default Four key concepts for effective risk management Popular

Alexei Sidorenko provides an overview of four key criteria that are essential for effective risk management. The criteria are: integrating risk into decision making; strong risk management culture; disclosing risk information; and continuously improving risk management.

default Four steps to integrate risk management into strategic planning Popular

Alexei Sidorenko, CRMP, details four related steps that organizations can take to help them assess management strategies and then take actions to manage the associated risks.

default Handling the compliance risks that the EU General Data Protection Regulation creates for your organization Popular

Don’t let information ignorance turn your data dream into a nightmare says Cindy Truyens.

default How to make ERM more relevant to strategic leadership Popular

Enterprise risk management is often criticized as being remote from the real strategic needs of the organization. Is this fair comment and, if so, what can be changed to make ERM more relevant? Peadar Duffy gives his viewpoint...

default Implementing enterprise risk management Popular

In this article by Alberto G. Alexander, some foundations will be provided for initiating the implementation of an enterprise risk management (ERM) process in an organization and the design of an ERM development model.

default Managing supplier compliance risks: the way forward Popular

As organizations are placed under increasing scrutiny for the actions of their suppliers, they can no longer shy away from the importance of building a stronger supplier compliance management programme, says Sonal Sinha.

default Probability of events: the underrated factor of the risk assessment Popular

In the first article in a short series explaining how to use mathematical concepts to bring more accuracy to risk and impact assessments made for business continuity and enterprise risk management, Alejandro Aristizábal Correa looks at ways to calculate the probability of events.

default Redefining the definition of operational risk Popular

Adesh Rampat explains why he believes that the definition of operational risk needs updating to take into account the development of cyber security related risks, and including aspects of internal controls and user awareness.

default Rethinking risk and uncertainty Popular

Geary W. Sikich introduces ‘risk absorption capacity’, ‘risk saturation point’, ‘risk deflection’ and ‘risk explosion’ and explains their usefulness to risk managers.

default Risk management: making it more than a regulatory exercise Popular

Does your organization use risk management for its fundamental benefits, or has it been implemented more for regulatory or compliance reasons? Oliver Vistisen calls on organizations to make a reassessment of their risk management approach…

default Risk to reward: creating a competitive advantage out of risk management

We’re told that, in a modern market landscape, each business process should add value. But is there really competitive advantage in risk management – and how can this be optimised? Dr. Iain Brown makes some suggestions…

default Searching for risk in all the wrong places

We cannot manage the complexity of risk today the way we managed risk in the past. Yesterday’s models, methods and ‘best practices’ while minimally useful, do not readily apply to managing risk in the future say Geary W. Sikich and Sara Robertson. In this article they explain their viewpoint…

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