Corporate

ISO 31000:2018 – risk management guidelines

PECB The ability of predicting what the future holds and choosing effectively among varying alternatives lies at the center of contemporary societies and organizations. Risk management helps us navigate over a broad range of decision-making processes, from making investment decisions to safeguarding our health, from waging war to planning families, from paying insurance premiums to wearing a seatbelt when we […]

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 […]

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 […]

12 Principles of Good Governance and European Label of Governance Excellence (ELoGE)

Source: Council of Europe Good Governance – the responsible conduct of public affairs and management of public resources – is encapsulated in the Council of Europe 12 Principles of Good Governance. The 12 Principles are enshrined in the Strategy on Innovation and Good Governance at local level, endorsed by a decision of the Committee of Ministers of the Council of Europe in […]

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 […]

“Human beings are the biggest risk to innovations”

Inaugural lecture Mariëlle Stoelinga. The Dutch have no problem texting while cycling and are happy to install solar panels, but are troubled by nuclear energy and afraid of terrorist attacks. These are just a few situations in which people act and react based on intuition instead of reason. Because looking at the statistics, one can see that a terrorist attack […]

Value and resilience through better risk management

Source: McKinsey&Company Although the risk environment is growing more perilous and costly, leading companies are blazing a path to resilience and value by embedding strategic risk capabilities throughout the organization. Today’s corporate leaders navigate a complex environment that is changing at an ever-accelerating pace. Digital technology underlies much of the change. Business models are being transformed by new waves of […]

Why whistleblowers are crucial to risk compliance

Source: Inside Financial & Risk. The role of whistleblowers in UK companies is essential in order to establish a culture of risk compliance. What can firms do to ingrain a whistleblower culture within their firms and to protect the whistleblowers themselves? A recent case highlighted the importance of whistleblowers in UK companies and their role in reporting compliance and risk […]

Risk and Confidence Survey: taking the pulse of business. Spring ’18

Source: CNA Hardy. ‘Perfect storm’ of risk suppresses confidence Over the past six months there have been some dramatic changes in the risk landscape. Cyber and regulatory risk have pushed political and economic risk off the risk radar. As the frequency and severity of cyber risk increases and oversight, via the new General Data Protection Regulation (GDPR) steps up, so […]