2019

Don’t manage RISK — Manage VALUE

Marinus de Pooter * | Internal Auditor, June 2019 Risk management’s traditional focus on adversity is changing. The Committee of Sponsoring Organizations of the Treadway Commission’s (COSO’s) 2017 Enterprise Risk Management (ERM)–Integrating With Strategy and Performance framework now refers to risk holistically as “the possibility that events will occur and affect the achievement of strategy and business objectives.” With “adversely” removed from the definition, a risk is […]

The Hague Resilience Strategy

The Hague’s Resilience Story As the home to several international organizations including the International Criminal Court, Eurojust, Europol and the Organisation for the Prohibition of Chemical Weapons, the Hague has built a strong reputation as the international city of peace and justice. However, we cannot rest on our reputation. Today we are facing new major challenges such as climate change, […]

The digital future of government services

Frank Weise, Cordence, Global Head of Public Sector & Health Care  “Digitization is not only changing our business environment introducing completely new disruptive business models but is also offering completely new perspectives to enhance government services in terms of citizen or client centricity, accessibility of services, quality and efficiency. Looking at the demographic developments in many mature economies, digitization can be […]

FORTE™

The idea The need for an integrated and trans disciplinary public governance approach is essential to enable leaders and organisations to truly deliver the electorally promised and democratically chosen values related to the public domain, i.e. society and nature as a whole. The governance for delivering public values is challenging and even under pressure. A reflection how actor can deliver […]

Confronting the risks of artificial intelligence

By Benjamin Cheatham, Kia Javanmardian, and Hamid Samandari | McKinsey Quarterly With great power comes great responsibility. Organizations can mitigate the risks of applying artificial intelligence and advanced analytics by embracing three principles. Artificial intelligence (AI) is proving to be a double-edged sword. While this can be said of most new technologies, both sides of the AI blade are far sharper, […]

RSM Germany: strong risk culture more important than regulations

Source: European CEO. A successful risk management system requires more than just rules and regulations: it requires a culture that works across all levels of an organisation. In the aftermath of the Enron and WorldCom accounting fraud scandals, the US Congress took it upon itself to introduce tighter industry regulations by passing the Sarbanes-Oxley Act in 2002. While legislative action […]

WMO Statement on the State of the Global Climate in 2018

WMO’s latest report on global temperatures, extreme weather and climate change indicators and socio-economic impacts is “yet another strong wake-up call” on the need for more ambitious climate action, according to United Nations Secretary General António Guterres. The WMO Statement on the State of the Global Climate in 2018 was formally launched at a joint press conference with the UN Secretary […]

Allianz Risk Barometer 2019

Source Allianz. Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve […]

The Guardian view on warming oceans: a rising toll

Talking about public risks. Now with the latest Global Risks Report 2019 on the table it seems that we humans increase the speed of disruption. We are collectively acting too slow in correcting and managing our common public risks. We bring this editorial of The Guardian under your attention. “What we can be certain about is that the extraordinary diversity […]

Global Risks Report 2019

The Global Risks Report 2019 is published against a backdrop of worrying geopolitical and geo-economic tensions. If unresolved, these tensions will hinder the world’s ability to deal with a growing range of collective challenges, from the mounting evidence of environmental degradation to the increasing disruptions of the Fourth Industrial Revolution. The report presents the results of our latest Global Risks Perception […]

Public Resilience Forum

After its focus – in the last 12 years of its existence – on public risks related to local and regional governance and management, the PRIMO Europe organisation concluded during the Paris 2017 meeting that a more integral and holistic approach in public governance is needed. It launched the PRIMO Public Resilience Forum, an international platform for exploration and knowledge […]