2019

Crossing the divide: behavioral research in auditing

Prof. dr. Olof Bik RA.  Inaugural address in acceptance of the Professorship of Behavioral Research in Auditing at Nyenrode Business University on Tuesday September 17th, 2019. “Dear family and friends, And all others of you who show your interest through your presence here today, It was in his laudatio, just after my PhD defense at the University of Groningen in 2010, that […]

Public Risk Forum

Strategic Focus: “Integrated governance of values”.  It is an European initiative (since 2005*) to convocate its network focused on the achievement and securing of public values and specifically on t he management of public risks within corporate (public organisations) as well as within the public domain of the city and region. The forum is focused on sharing knowledge and experience, on the acceptation of […]

Managing Risk: How To Maximize Performance In Volatile Times

Greg Case | President and CEO AON “Every organization, industry and economy around the world is confronting more risks than ever before. Considering this backdrop, it’s troubling that many organizations report that they may be less prepared than they have ever been. A key insight from Aon’s 2019 Global Risk Management Survey is that organizations need to be more prepared for […]

Risk in Focus 2020: Hot topics for internal auditors

Risk in Focus 2020 has been published by a consortium of institutes of internal auditors that includes the Chartered Institute of Internal Auditors (UK & Ireland), Deutsches Institut für Interne Revision (DIIR), IIA Belgium, IIA Nederland, IIA Spain, IIA Sweden, Institut Français De L’audit Et Du Contrôle Interne (IFACI) and the Italian Association of Internal Auditors. Welcome to Risk in Focus […]

Adapt now: a global call for leadership on climate resilience

Global Commission on Adaptation Climate change is one of the greatest threats facing humanity,with far-reaching and devastating impacts on people, the envi- ronment, and the economy. Climate impacts affect all regionsof the world and cut across all sectors of society. People whodid the least to cause the problem—especially those living in poverty and fragile areas—are most at risk. Consider: Without […]

Back to basics in decision making

Jack Kruf Is it wise to choose to go back to basics and divert from the ever expanding swamps of risk management? Yes, I think it is. The problem is that ‘risk’ is a made-up expression and has no commonly accepted or applied meaning. Risk is still widely associated with failure rather than with success. Most leaders and CEO’s do associate […]

Phase 2 of the FORTE Framework: testing questionnaire

In the last two years PRIMO Europe – the premium non-profit organization for good governance in Europe – has worked on a framework, called FORTE™, this to support its members and network in the process of strategy and decision making. The development of this framework has been carried out in close cooperation with the Malta University. Based on research via […]

Cybersecurity: Linchpin of the digital enterprise

James Kaplan, Wolf Richter and David Ware | McKinsey & Company As companies digitize businesses and automate operations, cyberrisks proliferate; here is how the cybersecurity organization can support a secure digital agenda. Two consistent and related themes in enterprise technology have emerged in recent years, both involving rapid and dramatic change. One is the rise of the digital enterprise across […]

World food security increasingly at risk

United Nations, IPCC More than 500 million people today live in areas affected by erosion linked to climate change, the UN warned on Thursday, before urging all countries to commit to sustainable land use to help limit greenhouse gas emissions before it is too late. Speaking at the launch of a Special Report on Climate Change and Land by the UN […]

A framework for fostering effective energy transitions

By Daniel Hund, Sébastien Léger, Arnout de Pee, Occo Roelofsen, Thomas Seitz, and Kassia Yanosek The new Energy Transition Index looks at 114 countries’ energy systems’ performance and transition readiness. Globally, energy systems are experiencing significant and fast change, driven by forces such as technological innovation, changes in consumption patterns, supply dynamics, and policy shifts. These forces offer opportunities to […]

10 years later: What Local Governments Learned from the Great Recession

By Cathy Swanson-Rivenbark, ICMA-CM, AICP, CEcD The official dates of the Great Recession, from December 2007 to June 2009, mean that June 2019 signals the “supposed” ten-year aftermath to which we can apply hindsight. For local governments, the timeline of the downturn proved prolonged for employees and postponed for their governments. Employees first felt the impact at home – literally—as […]

‘Result in times of transition’

Tilburg Institute of Governance (TIG), Tilburg School of Economics and Management (TiSEM), both part of the Tilburg University and Public Risk Management Organisation (PRIMO) Europe, the premier international network for the development and dissemination of products and services related to value and risk governance within the public sector in Europe, will start a collaboration in a strategic alliance in an international context. […]

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 […]

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 […]