Source: Harvard Business Review Author: Vijay Govindarajan Your organization won’t innovate productively unless some underlying factors are in good shape. If “10″ is outstanding and “1″ is poor, how do you rate your organization on each of these? 1. A compelling case for innovation. Unless people understand why innovation is necessary, it always loses to [...]
Adding the outside-in perspective to Enterprise Risk Management Source: Principal RiiR Author: Koenraad van Hasselt Could Toyota, BP, SHELL, ENRON and WorldCom have avoided the damage to their reputations ? Probably not, but if only their Executive Boards would have been informed about early signals of negative stakeholder opinion, they might have gained valuable time [...]
Source: Deloitte Foreword We are proud to present the second edition of the model practice survey conducted by Deloitte during the first half of 2010. Due to the success of the 2009 edition, which primarily had European financial institutions in scope, it was decided to broaden the scope to global coverage. This survey includes the [...]
13th Annual Global CEO Survey: Setting a smarter course for growth Source: PricewaterhouseCoopers In the 13th Annual Global CEO Survey we hear how businesses leaders responded to the challenges brought about by the recession, the concerns they are facing today and, reflecting on often difficult ‘lessons learned’, their strategies for positioning their companies for the [...]
Directorship and Eisner LLP present the results to the inaugural survey, which explores financial and reputational risk and how boards gain insight on new topics of interest to their companies. Source: Directorship ‘With heightened awareness of the need for corporate governance, American boardrooms are immersed in increasingly intense discussions about the issues of risk and [...]
Source: ICMA (International City/County Management Association) by Ron Blanquie “It’s no wonder that risk management’s public role is often underused and misunderstood. Government entities have incorrectly concluded that risk management’s overall costs can only be tethered but not controlled or reduced. Public entities in California today face an unprecedented challenge as they try to maintain [...]
The impact of the global financial crisis on cities and local public services The ‘Great Recession’ has had a dramatic impact on the financial services sector and other areas of the private sector and highlighted the importance of the role of government at international and national levels in addressing global and systemic risks. But what [...]
Our point of view In response to the financial crisis, policymakers around the world are actively considering corporate governance reforms to improve the effectiveness of boards of directors. Ernst & Young believes that effective boards are vital to well-governed and successful companies and strong capital markets. For this reason, boards should make the changes necessary [...]
Directorship and Deloitte take a look at the importance of identifying risk in all its forms Source: Bloomberg Businessweek “A critical issue on the agenda for most directors these days is determining the board’s role in overseeing risk. That was the topic of a recent peer-to-peer discussion hosted by Directorship and Deloitte. A group of [...]
Source: KPMG International “In a world of ever changing challenges companies are shifting away from risk management approaches and toward an approach that has learning and innovation at its heart. Reporting is necessity if companies are to know and understand their social and environmental impacts, and how to minimize the dangers and maximize the opportunities [...]
Managing the people side of risk
Companies can create a powerful risk culture without turning the organization upside down. By Alexis Krivkovich and Cindy Levy for McKinsey & Company Insights & Publications Most executives take managing risk quite seriously, the better to avoid the kinds of crises that can destroy value, ruin reputations, and even bring a company down. Especially in the wake [...]
Global Risk Management Survey 2013
Aon’s 2013 Global Risk Management Survey report is part of this process, capturing the latest risk trends and priorities facing companies around the world. The report unveiled the top 10 risks now and three years in the future. Conducted in Q4 2012, the web-based survey gathered input from 1,415 respondents — a 47 percent increase [...]
By Daniel Cressey for Nature “Across the globe, hives of honeybees are dying off in a phenomenon known as colony collapse disorder. Among the proposed culprits are pesticides called neonicotinoids, which are supposed to be less harmful to beneficial insects and mammals than the previous generation of chemicals. Debate over neonicotinoids has become fierce. Conservation groups and [...]
The economic crisis in Spain has led to an increased awareness among senior executives of how risk must be managed globally. Read more > Leer más > (en espagñol) Source: Strategic Risk
A framework in development By Ed Mallens and Jack P. Kruf The International Organization for Standardization (ISO) has worked on the ISO 31000 as referential framework for risk management in organizations. The setting has been outlined by ISO very clearly: “Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as [...]
