2020

The Coronavirus and Carbon Emissions

Brad Plumer and Nadja Popovich In the past month, the world has seen a remarkably large drop in emissions of carbon dioxide, the main driver of global warming. The reason isn’t something to celebrate, though. The coronavirus outbreak in China, which has sickened at least 77,000 people, has shut down factories, refineries and flights across the country as officials order people […]

Creating and protecting value

Richard J. Anderson & Mark L. Frigo.  Understanding and implementing enterprise risk management.  Over the past few decades, enterprise risk management (“ERM”) has been receiving increased attention by boards and executives and has undergone a continuing evolution in its development and uses. Along the way, lessons have been learned and ERM has been better understood regarding its benefits, objectives, and role […]

Biggest barrier to strong front line Risk Governance Model …

Tim Leech “I find it ironic that the 2 professions – the risk management and internal audit professions – most responsible for promoting effective risk governance are currently the biggest risk to that goal. That can change quickly if leadership of the IIA and RM associations aggressively and clearly communicate the need to change, and equip members with the tools […]

What the risk managers are saying

With so many exciting workshops, panels and presentations throughout the AMRAE conference, we caught up with speakers and session leaders to find out what hot topics they will be covering, what risk managers can learn and their take on the biggest risks facing risk managers today. Read more

Climate Change Preparedness

Stefan Lundbergh* Across the globe there are more uncontrollable fires, an increasing number of severe hurricanes, longer periods of droughts and warmer winters. The consequences of climate change are becoming more tangible. As long-term investors, we need to consider the extent to which our investments are prepared for a changing climate. Generally certain – Specifically uncertain. Read more *Director Cardano Insights

As New Coronavirus Spread, China’s Old Habits Delayed Fight

Chris Buckley and Steven Lee Myers At critical turning points, Chinese authorities put secrecy and order ahead of openly confronting the growing crisis and risking public alarm or political embarrassment. Read more “A mysterious illness had stricken seven patients at a hospital, and a doctor tried to warn his medical school classmates. “Quarantined in the emergency department,” the doctor, Li […]

Ready for the rising water

Utrecht University The largest evacuation ever in the Netherlands due to flood risk is 25 years ago this winter. 250,000 people had to leave their homes in river areas due to the dangerous high water levels of the Rhine, Maas and Waal. Several water researchers at Utrecht University have personal memories of this. They reminisce on those days and look into the future. Are we […]

Enhanced cyberrisk reporting: Opening doors to risk-based cybersecurity

Jim Boehm, James M. Kaplan, Peter Merrath, Thomas Poppensieker and Tobias Stähle New cyberrisk management information systems provide executives with the risk transparency they need to transform organizational cyberresilience. Executives in all sectors have deepened their understanding of the dangers cyberrisk poses to their business. As hacks, cyberattacks, and data leaks proliferate in industry after industry, a holistic, enterprise-wide approach to cybersecurity […]

The Last Time Democracy Almost Died

Jill Lepore The last time democracy nearly died all over the world and almost all at once, Americans argued about it, and then they tried to fix it. “The future of democracy is topic number one in the animated discussion going on all over America,” a contributor to the New York Times wrote in 1937.  Read more

Closer than ever: It is 100 seconds to midnight

Humanity continues to face two simultaneous existential dangers—nuclear war and climate change— that are compounded by a threat multiplier, cyber-enabled information warfare, that undercuts society’s ability to respond. The international security situation is dire, not just because these threats exist, but because world leaders have allowed the international political infrastructure for managing them to erode. Read more

Keynote speech by President von der Leyen at the World Economic Forum

Video “The World Economic Forum stands for multilateralism, global cooperation, listening to each other, and ideas for the future. Some say the global order as we have built together in these 50 years is outdated. And whether we agree or not, we all have to recognise that it has been challenged every day. This is not about one President, one […]

How Boeing’s Responsibility in a Deadly Crash ‘Got Buried’

By Chris Hamby In the 2009 and Max accidents, for example, the failure of a single sensor caused systems to misfire, with catastrophic results, and Boeing had not provided pilots with information that could have helped them react to the malfunction. The earlier accident “represents such a sentinel event that was never taken seriously,” said Sidney Dekker, an aviation safety […]

Financial Literacy: The Case of Poland

PRIMO: Financial literacy is essential in the world of public value and risk management. Financial engineering is one of the key factors in our FORTE™ framework for good governance, published by Jack P. Kruf, Simon Grima, Murat Kizilkaya, Jonathan Spiteri, Wouter Slob, John O’Dea in 2019.  Financial literacy is a factor in the quality of decision making. This study shares […]

Global Risks Report 2020

The report is published as critical risks are manifesting. The global economy is facing an increased risk of stagnation, climate change is striking harder and more rapidly than expected, and fragmented cyberspace threatens the full potential of next-generation technologies — all while citizens worldwide protest political and economic conditions and voice concerns about systems that exacerbate inequality. The challenges before us […]

Trust in Regulatory Regimes

Edited by Frédérique Six and Koen Verhoest Within political and administrative sciences generally, trust as a concept is contested, especially in the field of regulatory governance. This groundbreaking book is the first to systematically explore the role and dynamics of trust within regulatory regimes. Conceptualizing, mapping and analyzing trust between regulators, regulatees and citizens, expert contributors systematically review the existing […]

Here’s why accountants could be the climate heroes we all need

Zubair Abid Arain Climate change has caused widespread destruction. Environmental degradation was responsible for 9 million premature deaths in 2015, besides causing the economic loss of hundreds of billions of dollars annually… A new accounting standard to account for climate costs might be the right approach – and there are multiple reasons why this could nudge emitters in the right direction. […]

A Prosperous, Healthy and Happy 2020!

PRIMO wishes its members and partners a Prosperous, Healthy and Happy 2020! What could be better than being able to work together, to share essential points of view, to listen, to make connections, to be able to innovate and to learn. In 2020 we focus on co-creation, good education and strategic management. We see risk management, the discipline where we […]

Technology & Society

Information Paradox : Drowning in Information, Starving for Knowledge

Technology & Society We are living in an age of information. Staggering amounts of information are collected, stored, and widely disseminated. Yet, we may be less informed and less knowledgeable than ever. This paradox of increasing information, yet decreasing knowledge and insight, has many possible causes, some of which are subtle and difficult to identify, and even more difficult to […]