I had an interesting conversation a few months ago with a risk professional in Australia who told me about a scandal involving his country’s largest bank, the Commonwealth Bank of Australia (CBA). CBA not only operates in Australia, but also New Zealand, Asia, the U.S. and the U.K. Unlike banks in the U.S. and Europe,…Read More
A large (~5£ billion) publicly traded construction company, Carillion, collapsed earlier this year after months of ignored financial warnings. In fact, because of the size of the organization and how this all went down, the UK Parliament conducted an in-depth investigation into the collapse. The report of the Parliament investigation is quite interesting. It starts…Read More
Setting up an enterprise risk management (ERM) program is just the beginning of a continuous process to help your organization achieve strategic and operational objectives. Like many things in life, this is easier said than done… Companies will establish an ERM program for a variety of reasons – perhaps a simple question from a board…Read More
Is this really the next frontier of the enterprise risk management process’ role within the organization? Or is the future now? When it comes to seeing what the future holds, you need to know the history. The same applies to enterprise risk management (ERM), which has an interesting history. In fact, this history is nicely…Read More
“When Eating an Elephant, Where Do You Begin” was a webinar hosted by URMIA (University Risk Management & Insurance Association) on October 18, 2016. Presented by a compliance officer and Associate Counsel from the State University of New York (SUNY), the webinar is directed toward universities in the United States without a compliance program, or…Read More
As an enterprise risk management consultant, my goal – and a real passion! – is ensuring companies have the tools they need to identify and properly manage threats and opportunities to business objectives ... Read More
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